Latin America Livestock Enzymes Market

Latin America Livestock Enzymes Market Size (2024 to 2029):

Latin America livestock enzymes market size is expected to reach USD 0.14 billion in 2024 and reach USD 0.21 billion by 2029, growing at a CAGR of 9.02% from 2024 to 2029.  

The market is showcasing evident potential in the mentioned forecasting period. The market continues to gain momentum with the rapid development in the livestock industry. Phytases, carbohydrases, and proteases are the major enzymes that are used in several animal nutrition sectors which include poultry, pigs, and ruminant. These are the products which enhance the nutritional value of food and convert it into easily digestible for the livestock categories.

Rise in production as well as consumption of animal-based products, expensive nature of feed in livestock farming, ban on the use of antibiotics as growth enhancers, and positive influence on the environment are the factors that drive the growth of the feed enzymes market. The shifting of preferences away from the costly fish meal with feed enzymes and growth in awareness regarding feed quality are the factors that are leading to lucrative opportunities in this market.

This research report on the Latin American livestock enzymes market is segmented and sub-segmented into the following categories:

Latin America Livestock Enzymes Market – By Type:

• Phytase
• Protease
• Carbohydrase

Latin America Livestock Enzymes Market – By Livestock:

• Ruminants
• Swine
• Poultry
• Aquatic Animals

Latin America Livestock Enzymes Market – By Source:

• Microorganism
• Plant
• Animal

Latin America Livestock Enzymes Market – By Form:

• Liquid and Dry

Latin America Livestock Enzymes Market – By Country:

• Mexico
• Argentina
• Brazil
• Chile
• Rest Of Latin America

On the basis of geography, the Latin America market is analyzed under the regions, namely Mexico, Brazil, and Argentina. The Latin American livestock enzymes market is expected to show significant growth in the coming years due to the presence of developing countries like Brazil and Mexico.

KEY MARKET PLAYERS:

Some of the major companies in this market are BASF SE (Germany), E. I. du Pont de Nemours and Company (U.S.), Associated British Foods plc (U.K.), Koninklijke DSM N.V. (Netherlands), and Adisseo France SAS (France). Other significant players include Azelis Holdings SA (Belgium), Rossari Biotech Ltd (India), BIO-CAT (U.S.), and Alltech Inc. (U.S.).