Animal Feed Enzymes Market

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Animal Feed Enzymes Market is estimated to
surpass USD 2.3 billion by 2025
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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.
• Having said that, Europe animal feed enzymes
  industry is expected to hit USD 860 million by
  2024, growing at a rate of more than 6 over the
  period of 2017-2024. The heavy presence of key
  business players in the region along with a
  robust distribution network is projected to drive
  the industry landscape. There has also been a
  significant increase in livestock production and
  pork consumption across some of the nations in
  the continent, which are expected to further
  contribute towards the business revenue. Spain,
  Russia, and Germany are foreseen to be the major
  revenue drivers.

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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.
• Implementation of strict legislations regarding
  food safety along with the high presence of the
  livestock manufacturing firms is expected to
  beneficially impact U.S. animal feed enzymes
  industry landscape. The U.S. consumes a major
  chunk of fodder additives such as emulsifiers and
  vitamins, thereby influencing the regional
  market.
• Carbohydrase, non-starch polysaccharides,
  phytase, and protease are the major animal feed
  enzyme products. Phytase animal feed enzymes
  industry, which contributed more than 40 of the
  overall market share in 2016, is slated to record
  a cumulative growth rate of nearly 6.5 over the
  years ahead. High phosphorous content in phytase
  enhances the digestion and reproductive
  capabilities of the livestock, leading to
  escalating demand for the product.

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Europe Animal Feed Enzymes Market, By Livestock,
2018 (USD Million)

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