The Latin American feed enzymes market is expected to be valued at USD 13.4 Billion in 2023 and is projected to reach USD 16.46 Billion by 2028, growing at a CAGR of 7.10% during the forecast period from 2023 to 2028.
Feed enzymes assist in raising the rate of biochemical reactions that support the animal’s life. They are formed and secreted in the animal body to digest carbohydrates, lipids, proteins, and mineral complexes. They improve the gut and performance of animals and reduce feed and waste management costs. Thus, feed enzymes help in making animal husbandry sustainable.
The feed enzymes market in Latin America is a newly emerging one. With an increasing awareness about the feed grade and quality, and because of the soaring costs of natural feed materials, customers are preferring feed enzymes over them. Thus, in the recent past, an increase in demand has been witnessed. Also, with high domestic meat consumption, the market is said to grow in Latin America. But the growth in the
the market can be affected by government intervention regarding the sales and pricing of the products, which might make it unfeasible for the customers.
REPORT COVERAGE:
REPORT METRIC |
DETAILS |
Market Size Available |
2023 to 2028 |
Base Year |
2022 |
Forecast Period |
2023 to 2028 |
CAGR |
7.10% |
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 |
Brazil, Mexico, Argentina, Chile and Rest of Latin America |
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 Enmex Sa De Cv Lesaffre Group PURATOS GROUP Rossari Biotech Limited Shenzhen Leveling Bio-Engineering Co. Ltd Sunson Industry Group Company Limited |
This market research report on the Latin America feed enzymes market is segmented and sub-segmented into the following categories.
Latin America Feed Enzymes Market - By Ingredients:
Latin America Feed Enzymes Market - By Animal Type:
Poultry and swine segments comprise the majority of the feed enzyme market share, followed by ruminants. Carbohydrates are the most widely used enzymes.
Latin America Feed Enzymes Market – By Country:
Brazil is the largest market within the region. Other major markets in the region are Chile, Uruguay, Paraguay, and Peru. The market in the region is slowly improving at a CAGR of 7.1%, with Latin America holding a current market share of 12%.
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 Leveking Bio-Engineering Co. Ltd, Sunson Industry Group Company Limited. Some of the major key players are involved in the Latin America feed enzymes market.
Frequently Asked Questions
The current size of the Latin America feed enzymes market at USD 13.4 Billion in 2023.
Latin America feed enzymes market is expected to grow at USD 16.46 Billion by 2028, growing at a CAGR of 7.10% during the forecast period from 2023 to 2028.
Poultry and swine segments comprise the b majority of the feed enzyme market share followed by ruminants. Carbohydrates are the most widely used enzymes.
Brazil is the largest market within the region. Improving at a CAGR of 7.1% with Latin America holding a current market share of 12%.
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 Leveking Bio-Engineering Co. Ltd, Sunson Industry Group Company Limited. Some of the major key players are involved in the Latin America feed enzymes market.
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