Global Feed Carbohydrase Market Size, Share And Growth Analysis For 2024-2033
Feed Carbohydrase Market Size, Share And Growth Analysis For 2024-2033
Feed Carbohydrase Market Size, Trends, And Forecast 2024-2033
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LONDON, GREATER LONDON, UK, August 23, 2024 /EINPresswire.com/ — The feed carbohydrase market has experienced robust growth in recent years, expanding from $3.4 billion in 2023 to $3.65 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to increased focus on feed efficiency, regulatory approvals, awareness and education, demand for cost-effective solutions, and expansion in livestock production.
Strong Future Growth Anticipated
The feed carbohydrase market is projected to continue its strong growth, reaching $4.78 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to rising demand for animal protein, a shift towards sustainable agriculture, a focus on animal health and welfare, regulatory support for feed additives, and expansion of livestock and poultry industries.
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Growth Driver Of The Feed Carbohydrase Market
The rising meat consumption is expected to propel the growth of the feed carbohydrase market going forward. Meat consumption refers to the amount of meat that is consumed by humans for food. This includes meat from various sources, such as beef, pork, poultry, and fish. Feed carbohydrases are used in meat production to improve the nutritional value and digestibility of animal feed. By breaking down complex carbohydrates in the feed into simpler sugars that can be more easily absorbed and digested by the animal. Therefore, these factors boost the feed carbohydrase market.
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Major Players And Market Trends
Key players in the feed carbohydrase market include DuPont de Nemours, Koninklijke DSM N.V., Novozymes A/S, Amano Enzyme Inc., Associated British Foods PLC, BadischeAnilin- und Sodafabrik.
Product innovation is a key trend gaining popularity in the feed carbohydrase market going forward. Major companies operating in the feed carbohydrase market are developing innovative products to strengthen their position in the market.
Segments:
1) By Product Type: Amylase, Cellulose, Pectinase, Lactase
2) By Type: Liquid, Dry
3) By Source: Micro-Organisms, Animals, Plants
4) By Application: Poultry, Ruminants, Swine, Other Applications
Geographical Insights: Asia-Pacific Leading The Market
Asia-Pacific was the largest region in the feed carbohydrase market in 2023. The regions covered in the feed carbohydrase market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Feed Carbohydrase Market Definition
Feed carbohydrates refer to a group of enzymes that are added to animal feed to improve nutrient availability and digestibility of the feed components. These enzymes can be derived from different sources, including microorganisms, plants, and animals. The addition of enzymes to animal feed can improve the breakdown of these complex feed components and release more nutrients for absorption and utilization by the animal.
Feed Carbohydrase Global Market Report 2024 from The Business Research Company covers the following information:
• Market size data for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Feed Carbohydrase Global Market Report 2024by The Business Research Company is the most comprehensive report that provides insights on feed carbohydrase market size, feed carbohydrase market driversand trends, feed carbohydrase market major players, feed carbohydrase competitors’ revenues, feed carbohydrase market positioning, and feed carbohydrase market growth across geographies. The feed carbohydrase market report helps you gain in-depth insights intoopportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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