Global Aquafeed Enzymes Market, By Type (Phytase, Protease, Carbohydrase, Others), Species (Fish, Crustaceans, Mollusks), Form (Liquid, Dry), Source (Microorganism, Plant, Animal), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Aquafeed enzymes market is expected to expand at a compound annual growth rate of 7.80% over the forecast period of 2021 to 2028. The considerable need to enhance aquafeed production is the factor for the aquafeed enzymes market in the forecast period of 2021 to 2028.
Enzymes are used to progress the availability of certain nutrients or to eradicate the presence of certain antinutrients. Feed enzymes are the type of food additives or nutritional ingredients which are added to the feed diet of various animal variants to develop their nutritional intake so that their growth rate can be improved.
The aquafeed enzymes market is likely to gain growth, due to the increasing food requirement across the world along with an increasing population. Also the rapid increase in the global demand for naturally produced feed and feed additives is expected to drive the market for aquafeed enzymes over the forecast period of 2021 to 2028. The expansion of global aquaculture production is escalating the demand for aquaculture feeds also the fishmeal is the main and most vital ingredient in aquafeed production, which is also lifting the growth of the aquafeed enzymes market. Also the various manufacturers are putting huge efforts into the development of the products which is also highly flourishing the growth of the aquafeed enzymes market. Also the feed enzymes have an encouraging effect on the nutritional intake, digestibility of feed and production capacities of animals, which is also one of the major driving factors leading towards the growth of the aquafeed enzymes market. However, the higher inclusion rates of enzymes may have negative effects and is expected to curb the growth of the aquafeed enzymes market in the above mentioned forecast period, whereas the high R&D investments and thermostability of enzymes have the potential to challenge the growth of the target market. Likewise, the growing demand for animal-based products, such as meat products is also projected to thrust the use of aquafeed enzymes in the forecast period. The provision of feed cost-efficiency is also one of the key factors creating a positive impact on the aquafeed enzymes market.
In addition, the growing adoption of the aquafeed enzymes in emerging countries and rapid innovation in phytase production processes will accelerate various growth opportunities that will enhance the growth of the aquafeed enzymes market in the forecast period of 2021 to 2028.
This aquafeed enzymes market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on aquafeed enzymes market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Aquafeed Enzymes Market Scope and Market Size
Aquafeed enzymes market is segmented on the basis of type, species, form and source. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the aquafeed enzymes market is segmented into phytase, protease, carbohydrase and others. Carbohydrase is further segmented into xylanase, amylase, cellulase and other carbohydrases.
- Based on species, the aquafeed enzymes market is segmented into fish, crustaceans, and mollusks. Fish is further segmented into tilapia, salmon, carp, trout, and others. Crustaceans are further segmented into shrimp, crabs, krill, and others. Mollusks are further segmented into oysters, mussels and others.
- Based on form, the aquafeed enzymes market is segmented into liquid and dry.
- The aquafeed enzymes market is also segmented on the basis of source into microorganism, plant and animal.
Aquafeed Enzymes Market Country Level Analysis
Aquafeed enzymes market is analyses and market size, volume information is provided by country, type, species, form and source as referenced above.
The countries covered in the aquafeed enzymes market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the large livestock population along with the increase in the number of feed mills which further reflects the growth in feed production, mainly in countries, such as India and Japan within this particular region.
The country section of the aquafeed enzymes market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Aquafeed Enzymes Market Share Analysis
Aquafeed enzymes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to aquafeed enzymes market.
The major players covered in the aquafeed enzymes market report are BASF SE, Novozymes, Cargill, Incorporated, ADM, DuPont, ABF Ingredients, DSM, BEHN MEYER, Azelis S.A., Adisseo, NOVUS INTERNATIONAL, Rossari Biotech Limited, Chr. Hansen Holding A/S, BIO-CAT, BioResource International, Inc., Bioproton Pty Ltd., Alltech, Advanced Enzyme Technologies, Karyotica Biologicals Pvt Ltd., and Caprienzymes, among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Aquafeed Enzymes Market
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