Europe's feed enzymes market is expected to be valued at USD 36.24 Billion in 2023 and is projected to reach USD 48.96 Billion by 2028, growing at a CAGR of 6.20% during the forecast period from 2023 to 2028.
Feed enzymes offer unprecedented digestibility, increasing the availability of phosphorus, calcium, energy, and amino acids to the animal. The use of enzymes is central to the quality of animal feed because they accelerate biochemical reactions that help improve the nutritional value and quality of feed. They are added to animal nutrition to improve the utilization of energy and nutrients or to degrade undesired components. Feed enzymes play an important role in modern agriculture.
Soaring costs of natural feed products are making consumers shift their focus to the adoption of efficient animal feed enzymes. Thus, the demand for animal feed enzymes is increasing. Increased consumption of meat due to changes in lifestyle and rising awareness of the safety and quality of meat is driving the market growth in Europe.
However, due to government rules and regulations on sales and pricing, market growth is being affected.
REPORT COVERAGE:
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2022 to 2028 |
|
Base Year |
2022 |
|
Forecast Period |
2023 to 2028 |
|
CAGR |
6.20% |
|
Segments Covered |
By Ingredients, Animal Type and Country |
|
Various Analyses Covered |
Global, Regional and Country Level Analysis; Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
|
Regions Covered |
Germany, France, Italy, UK, Spain, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Rest of Europe |
|
Market Leaders Profiled |
DuPont, DSM, BASF Corporation, Alltech, Novozymes, Adisseo, France AB Enzymes, GmbH Advanced Enzymes Technologies Limited, Amano Enzyme Inc, Bio-Vet JSC Biocatalysts ltd Chr. Hansen Inc, |
This market research report on the European feed enzymes market is segmented and sub-segmented into the following categories.
Europe Feed Enzymes Market - By Ingredients:
Europe Feed Enzymes Market - By Animal Type:
Poultry and swine segments comprise the majority of the feed enzyme market share, followed by ruminants. Carbohydrases are the most widely used enzyme.
Europe Feed Enzymes Market – By Country:
Geographically, the European market for feed enzymes is segmented into Spain, Russia, Germany, Italy, the UK, France, and Others. Europe dominates the market with a share of 33%. Spain, Germany, and Russia are the largest markets within the region. Meat is the topmost export commodity in Spain. The feed enzymes market has the largest consumer base in the European region, where pastures and livestock rearing are key components of economies.
KEY MARKET PLAYERS:
DuPont, DSM, BASF Corporation, Alltech, Novozymes, 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 Leveling, and Bio-Engineering Co. Ltd. are some of the major key players involved in the European feed enzymes market.
Frequently Asked Questions
The current size of the European feed enzymes market is worth USD 36.24 billion in 2023.
Europe's feed enzymes market is expected to grow by USD 48.96 billion by 2028.
Poultry and swine segments comprise the majority of the feed enzyme market share, followed by ruminants. Carbohydrases are the most widely used enzyme.
Geographically, the European market for Feed Enzymes is segmented into Spain, Russia, Germany, Italy, the UK, France, and Others. Europe dominates the market with a share of 33%. Spain, Germany, and Russia are the largest markets within the region. Meat is the top export commodity in Spain.
DuPont, DSM, BASF Corporation, Alltech, Novozymes, 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 Leveling, and Bio-Engineering Co. Ltd. are some of the major key players involved in the Europe feed enzymes market.
Related Reports
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2000
Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM
Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]
Reports By Region