Global Aquatic Feed Enzymes Market, By Type (Phytase, Carbohydrase, Protease), Form (Dry, Liquid), 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
Aquatic feed enzymes market is expected to grow at a CAGR of 8.30% in the forecast period 2021 to 2028. Rising provision of feed cost-efficiency is the major factor driving the growth of aquatic feed enzymes market in the forecast period of 2021-2028.
Feed enzymes are the type of food additives/nutritional ingredients which are added to the feed diet of numerous animal variants to enhance their nutritional intake so that their growth rate can be enhanced. These enzymes offer different nutritional benefits depending on their type which includes digestive enzymes, nutritional enzymes and some offer growth enhancement. These enzymes are added to the feed for animals due to their low-cost nutritional enhancement feature.
Increasing demand and preference for animal-based products and services is the vital factor escalating the market growth, also rising laws preventing the use of antibiotics and other unethical growth promoters, increased levels of financial costs associated with the usage of feed in agriculture practices resulting in the need for improving their effectiveness, rising usage of these enzymes have a positive impact on the overall eco-system and its balance as it enhances the animal health and increase in the demand for naturally produced feed and feed additives all over the globe are the major factors among others driving the growth of aquatic feed enzymes market. Moreover, rising innovation in phytase production processes, increasing technological advancements in the machinery used for the processing of feed and increasing modernization in the products offered in the market will further create new opportunities for aquatic feed enzymes market in the forecast period of 2021- 2028.
However, rising presence of strict regulatory structure and intervention of various different authorities in the agriculture industry, increased inclusion rates of enzymes may have negative effects, increasing requirement of large costs for investing in research and development for the advancement of enzyme technology and over-utilization of these goods resulting in negative health impacts/side-effects on the animals are the major factors among others acting as restraints, while thermostability of enzymes will further challenge the growth of aquatic feed enzymes market in the forecast period mentioned above.
This aquatic feed 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 localised 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 aquatic feed enzymes market in feed market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Aquatic Feed Enzymes Market Scope and Market Size
Aquatic feed enzymes market is segmented on the basis of type and form. The growth among various segments helps in the better analyzation of growth and strategies for better vision of market.
- Based on type, the aquatic feed enzymes market has been segmented into phytase, carbohydrase, and protease.
- The aquatic feed enzymes market is also segmented on the basis of form into dry and liquid. Dry formulation holds the largest share in the segment as dry products are highly preferred over liquid-based additives due to factors such as good thermal stability during fodder processing operations, ease of handling, and advanced enzyme activity.
Global Aquatic Feed Enzymes Market Country Level Analysis
Aquatic feed enzymes market is analyses and market size, volume information is provided by country, type and form as referenced above.
The countries covered in aquatic feed enzymes market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, 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, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa(MEA)
Europe dominates the aquatic feed enzymes market due to rising presence of a strong end-user industry coupled with a properly channelized distribution network, increasing livestock production and rising pork consumption and rising demand of animal based products due to rising disposable income in this region. Asia-Pacific is the expected region in terms of growth in aquatic feed enzymes market due to increasing urbanization, rapid lifestyle changes, increasing incomes, rising meat consumption in China, India, and other countries in Southeast Asia and increasing awareness regarding livestock diseases has led to the acceptance of safe animal nutrition practices in this region.
The country section of aquatic feed 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 Aquatic Feed Enzymes Market Share Analysis
Aquatic feed enzymes market report 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 aquatic feed enzymes market report.
The major players covered in the aquatic feed enzymes market report are BASF SE, DuPont, Associated British Foods plc., DSM, BEHN MEYER, Azelis S.A., Adisseo, NOVUS INTERNATIONAL, Rossari, BIO-CAT, BEC Feed Solutions, BioResource International, Inc., Bioproton Pty Ltd., Alltech, Lesaffre, Advanced Enzyme Technologies, Karyotica Biologicals Pvt Ltd., Aum Enzymes, CapriEnzymes, Enzyme Innovation, Lumis, VEMO 99 Ltd., Biovet, Chr. Hansen Holding A/S, Novozymes, Cargill, Incorporated, New Hope Group, ENMEX, Aumgene Biosciences and ADM 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 analyst understands competitive strengths and provides competitive analysis for each competitor separately.