(MENAFN – EIN Presswire)
The Feed Enzymes Market, valued at USD 1.24 billion in 2023, is projected to grow at a CAGR of 4.47% from 2023 to 2033.
Feed enzymes are natural proteins that help animals digest complex nutrients like carbs and proteins. They improve feed efficiency, nutrient absorption, and promote animal growth while reducing waste.
Market Growth Potential
Increasing global population and income are driving the demand for animal protein, necessitating efficient livestock production methods. This boosts the need for feed enzymes that enhance animal health and nutrition.
Market Insights
North America leads the Feed Enzymes market, mainly due to large-scale livestock operations and advanced agricultural practices.
Key Segments
- Phytase Feed: Expected to grow rapidly as it helps animals absorb phosphorus efficiently.
- Swine Segment: Largest livestock category benefiting from feed enzymes that improve nutrient absorption.
- Dry Form: Dominates the market due to ease of use and stability.
- Microorganisms Source: Most common, with plant-derived enzymes providing specific benefits.
Industry Leaders
Key players include BASF, Dupont, Koninklijke DSM, Rossari Biotech Ltd., and others.
Contact Information
Swapnil Patel
Evolve Business Intelligence
+91 63539 63987
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