The global livestock enzymes market was valued at USD 1.89 billion in 2023 and is anticipated to reach USD 2.05 billion in 2024 from USD 3.94 billion by 2032, growing at a CAGR of 8.5 % from 2024 to 2032.
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, carbohydrates, and proteases are the major enzymes that are used in several animal nutrition sectors, which include poultry, pigs, and ruminants. These are the products that enhance the nutritional value of food and convert it into easily digestible food for livestock.
The rise in production, as well as consumption of animal-based products the expensive nature of feed in livestock farming the ban on the use of antibiotics as growth enhancers and the 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.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2032 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2032 |
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CAGR |
8.5 % |
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Segments Covered |
By Type, Livestock, Source, Form and Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
BIO-CAT (U.S.),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),Azelis Holdings SA (Belgium),Rossari Biotech Ltd (India),Alltech Inc. (U.S.) and Others. |
The livestock enzymes market was dominated by Asia Pacific, with around 43% market share globally and was followed by North America.
BIO-CAT (U.S.), 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), Azelis Holdings SA (Belgium), Rossari Biotech Ltd (India), Alltech Inc. (U.S.). Are some of the market players dominating the global livestock enzymes market.
By Type
By Livestock
By Source
By Form
By Region
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