Market Overview

Global $1.51 Billion Feed Enzyme Market by Type, Consumer Livestock and Geography - Forecast to 2023 - ResearchAndMarkets.com

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The "Feed
Enzyme Market by Type, By Consumer Livestock and By Geography - Global
Driver, Restraints, Opportunities, Trends, and Forecast to 2023"

report has been added to ResearchAndMarkets.com's
offering.

According to the report, the global feed enzyme market is expected to
grow at a CAGR of 7.3% during the forecast period. It is expected to
reach $1.51 billion by 2023.

The Asia Pacific has the fastest growth rate and is expected to move
towards greater adoption of feed enzyme technology. This will directly
boost the consumption value majorly coming from China, Australia, and
Latin America

Globally, the demand for feed enzyme is high in economically developing
countries, whereas the developed regions are moving towards saturation.
Extensive consumption of enzymes comes from poultry and swine segments
due to better adoption rate in the industry. Further research and
developments in enzyme biotechnology for stabilizing enzyme
effectiveness is expected to boost the growth in the next five years.

Market Dynamics

Drivers

  • Increasing Penetration of Feed Enzyme Towards New Markets
  • Innovation in New Biotechnology Formulations
  • Good Efficacy in Terms of Product Usage and Returns

Restraints

  • High Product Prices and Limited Players
  • Changing Geo-Political Structure of Various Countries Affecting the
    Market
  • Limited Understanding of Application & Usage in Underdeveloped
    Countries

Opportunities

  • Need for Better and Cost-Effective Feed Enzyme
  • Large Untapped Market in Developing and Underdeveloped Countries

Companies Featured

  • Genencor International (DuPont)
  • Archer Daniel Midland Company (ADM)
  • Tyson Food
  • Land O'Lakes Inc.
  • Nutrena
  • Provimi
  • Cargill Inc.
  • BASF SE
  • DowDuPont Inc.
  • Novozymes
  • Novus International Inc.

Key Topics Covered

1 Report Outline

2 Executive Summary

3 Market Positioning

4 Market Outlook

5 Market Characteristics

6 By Type: Market Size & Analysis

7 By Source: Market Size & Analysis

8 Consumer Livestock: Market Size & Analysis

9 Regions: Market Size & Analysis

10 Companies to Watch For

11 Competitive Landscape

For more information about this report visit https://www.researchandmarkets.com/research/6q6gvv/global_1_51?w=4

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