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Animal Feed Enzymes Market Size
- Report ID: GMI1824
- Published Date: Dec 2022
- Report Format: PDF
Animal Feed Enzymes Market Size
Animal Feed Enzymes Market size was more than USD 1.77 billion in 2022 and is projected to record a 6.5% CAGR from 2023 to 2032. A rise in the consumption of dairy and meat is expected to foster industry expansion.
As people become more health conscious, the intake of meat and dairy products should increase in the years to come. According to estimates, in 2021, China consumed nearly 59.94 million tons of meat, a number that is expected to rise as the meat-eating population increases. The growing need for processed meat and meat products that help satisfy the protein requirements of people will influence the demand for animal feed enzymes.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Animal Feed Enzymes Market Size in 2022: | USD 1.7 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 6.5% |
| 2032 Value Projection: | USD 3.3 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 294 |
| Tables, Charts & Figures: | 298 |
| Segments covered: | Product, Form, Livestock |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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A lack of standardized regulations by federal and state authorities might hamper the animal feed enzymes industry. Several authorities across different countries like the U.S., Canada, and Latin America, are regulating feed enzymes. The regulatory framework for these enzymes differs by country. However, new technological advancements could favor market share.
Frequently Asked Questions (FAQ) :
Animal Feed Enzymes Market Scope
