The global livestock enzymes market size is expected to reach USD 2.04 billion in 2024 and reach USD 3.07 billion by 2029, growing at a CAGR of 8.5 % 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.
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.
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2023 to 2029 |
|
Base Year |
2023 |
|
Forecast Period |
2024 to 2029 |
|
CAGR |
8.5 % |
|
Segments Covered |
By Type, Livestock, Source, Form and Region |
|
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 |
|
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
|
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
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2500
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