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Animal Feed Enzymes Market Analysis
- Report ID: GMI1824
- Published Date: Dec 2022
- Report Format: PDF
Animal Feed Enzymes Market Analysis
Animal feed enzymes market share from phytase segment is estimated to surpass USD 965 million by 2032. The addition of phytase enzymes in feed products helps animals to quickly absorb phosphorus and other micronutrients. It can lower the antinutritional effect of phytate and improve the digestibility of calcium, phosphorous (P), amino acids, and energy. Superior pelleting, increased premix stability, and longer shelf life are a few added advantages that phytase contributes. Rising meat intake to meet health requirements like protein should augment the use of phytase in animal feed.
Animal feed enzymes market share from dry form segment is anticipated to cross USD 2.5 billion by 2032. Due to its easy and convenient utilization, enzymes in dry formulation has become a key format in animal feed industry. It can sustain the temperature in fodder processing and has greater thermal stability. Some of the advantages of using dry-form animal feed enzymes include easy handling, spill-free storage, and simple transportation.
Animal feed enzymes market share from swine livestock segment is expected to register around 6% CAGR between 2023 to 2032. Due to genetic and technical advancements in swine production, numerous nutrients that are left undigested can be absorbed. In order to break down the protein and simplify digestion, feed enzymes are widely employed in animal feed. The ongoing rise in swine production is likely to have a positive impact on the demand for animal feed enzymes.
North America animal feed enzymes market size was around USD 510 million in 2022. Technological advancement and an increase in the livestock population are projected to promote industry growth. The rising demand for meat products is encouraging key meat-based product manufacturers to focus on new developments and investments. Growing livestock farming give to a high demand for meat should foster the regional market statistics.
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Animal Feed Enzymes Market Scope
