The feed enzymes market in the Asia-Pacific region has been estimated at USD 30.32 Billion in 2023 and is projected to reach USD 43.33 Billion by 2028, growing at a CAGR of 7.40% during the forecast period from 2023 to 2028.
Feed enzymes are artificial feed additives that are added to support animal growth and to control infectious diseases prevalent in animals. Feed enzymes assist in raising the rate of biochemical reactions that support the animal’s life. They are useful in the extraction of extra nutrients from animal feed and help reduce animal waste, which reduces the amount of nitrogen and phosphorus in animal excreta, which has a protective effect on the environment.
Increased consumption of meat due to a shift in the lifestyles of consumers, rising awareness of the safety and quality of meat, and growing customer attention towards superior quality feed grades, which should be balanced and nutritive, are some of the market drivers in the Asia-Pacific region.
Government regulatory structure and interventions in terms of sales and pricing, as well as uncontrollable environmental conditions, are the factors that might hinder the growth of the feed enzymes market.
This market research report on the Asia-Pacific feed enzymes market is segmented and sub-segmented into the following categories.
Asia-Pacific Feed Enzymes Market - By Ingredients:
Asia-Pacific Feed Enzymes Market - By Animal Type:
Poultry and swine segments comprise the majority of feed enzymes market share, followed by ruminants. Carbohydrates are the most widely used enzyme.
Asia-Pacific Feed Enzymes Market – By Country:
Geographically, the Asia-Pacific market for feed enzymes is segmented into China, India, Japan, Australia, Thailand, and Others. China is the major manufacturer, which accounts for around half of the production of feed Enzymes in the Asia-Pacific region. Thailand and Australia are the fastest-growing markets within the region. Production in China and India is steadily growing which is resulting in increased demand for feed enzymes for pork and poultry industries.
KEY MARKET PLAYERS:
DuPont, DSM, ASF Corporation, Alltech, Novozymes, and Adisseo France, AB Enzymes GmbH, Advanced Enzymes Technologies Limited, Amano Enzyme Inc. Bio-Vet JSC, Biocatalysts Ltd, Chr. Hansen Inc, Enmex Sa De Cv, Lesaffre Group, PURATOS GROUP, Rossari Biotech Limited, Shenzhen Leveking Bio-Engineering Co. Ltd, Sunson Industry Group Company Limited. Some major key players are involved in the Asia Pacific feed enzymes market.
Frequently Asked Questions
The current size of the Asia-Pacific feed enzymes market has been estimated at USD 30.32 Billion in 2023.
Asia-Pacific feed enzymes market is expected to grow at USD 43.33 Billion by 2028, growing at a CAGR of 7.40% during the forecast period from 2023 to 2028.
Poultry and swine segments comprise the majority of feed enzymes market share, followed by ruminants. Carbohydrates are the most widely used enzyme.
China is the major manufacturer, which accounts for around half of the production of feed Enzymes in the Asia-Pacific region.
DuPont, DSM, ASF Corporation, Alltech, Novozymes, and Adisseo France, AB Enzymes GmbH, Advanced Enzymes Technologies Limited, Amano Enzyme Inc. Bio-Vet JSC, Biocatalysts ltd, Chr. Hansen Inc, Enmex Sa De Cv, Lesaffre Group, PURATOS GROUP, Rossari Biotech Limited, Shenzhen Leveking Bio-Engineering Co. Ltd, Sunson Industry Group Company Limited. Some major key players are involved in the Asia Pacific feed enzymes market.
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