Animal Feed Enzymes Market trends research and projections for 2017-2024

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Animal Feed Enzymes Market trends research and
projections for 2017-2024
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Animal Feed Enzymes Market

• The growth graph of Animal Feed Enzymes Market is
  forecast to display an upward trend over the
  coming years, owing to the growing consumer
  preference for nutritious diet along with a
  substantial rise in the disposable incomes across
  emerging economies.
• According to the OECD (Organization for Economic
  Co-operation and Development), the average meat
  intake per individual across the globe is nearly
  75 pounds in a year. This figure is an indication
  of the growing product popularity across the
  world. Global Market Insights, Inc., claims that
  animal feed enzymes industry revenue, which was
  estimated at USD 1.1 billion in 2016, is
  anticipated to surpass USD 2 billion by 2024.

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Continued...

• Asia Pacific animal feed enzymes market, which
  collected a revenue of more than USD 220 million
  in 2016, is predicted to grow at the highest rate
  of 7.5 over the coming timeline. Growing
  consciousness regarding livestock diseases
  coupled with the rapidly flourishing dairy sector
  is predicted to contribute considerably toward
  the regional share. High intake of meat across
  the regions such as China, Japan, and India are
  expected to push the product demand.
• Animal feed enzymes of high nutritional value
  have the ability to improve the livestock health,
  owing to which they are fed to ruminants, pigs,
  and fish. Aquaculture animal feed enzymes market
  is forecast to grow at an annual rate of 7.5
  over the coming timeline. The ever-expanding
  fishing sector is expected to favorably influence
  the business space. Poultry, which produced a
  revenue of more than USD 500 million in 2016, is
  expected to make substantial contributions toward
  animal feed enzymes market share. Rising demand
  for eggs and meat owing to its high protein
  contents will steer the industry growth.

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U.S. Animal Feed Enzymes Market Size, By
Livestock, 2016 2024 (Kilotons)

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360 Analysis

• Application Trends
• Protease animal feed enzymes industry, which
  produced a revenue of more than USD 150 million
  in 2015, is projected to witness a tremendous
  surge over the next few years. Escalating product
  need as a protein digesting molecule will fuel
  the industry growth.
• Regional Trends
• Europe, led by Spain animal feed enzymes market,
  is foreseen to witness a significant gain at over
  6 up to 2024. Presence of large end-use market
  along with strong distribution channel network
  has driven the industry growth.
• Competitive Market Share
• Animal feed enzymes market share is highly
  competitive in nature due to the presence of
  numerous local manufacturers. Key industry
  participants include BASF, Duo Point, Chr Hansen
  Holding A/S, DSM N.V., Foodchem International,
  Novozymes, ENMEX, Flavorchem Corporation, DD
  Williamson Co., BioExtract and Nutralliance.

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