The new Market Research Expert Report titled “Global Food Enzymes Market Size, Share, Pice, Trends, Growth, Analysis, Report and Forecast 2021-2026 ‘, gives an in-depth analysis of the global food enzymes market, assessing the market on the basis of its segments like type, application, shape and the main regions. The report follows the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on Porter’s SWOT and Five Forces models.
Note 1: For an overview of primary and secondary market data (2016-2026), along with business strategies and detailed market segmentation, please click on sample demand report. The sample report will be delivered to you within 24 hours.
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Highlights of the report include:
Market Overview (2016-2026)
• Historical market size (2020): 965 KMT
• Forecast CAGR (2021-2026): 6.3%
• Expected market size (2026): 1393 KMT
The Asia-Pacific region is growing at a rapid pace to become one of the most important markets for food enzymes, with China, India and Japan as the main producers in the region. Due to increasing population, increased purchasing power of customers, and a change in lifestyle and eating habits, the Asia-Pacific market is dominated by increasing demand for poultry and pork in China and India. Demand in the region is also influenced by the growing need for food security, which has resulted in significant investment in research and industry growth. The sector also benefits from the evolution of agricultural practices across the country.
Definition of the industry and main segments
Enzymes are natural proteins that are formed by the digestive process. However, animals such as poultry, pigs, goats, horses, and sheep have inefficient digestive systems. As a result, adding enzymes to the feed is essential to increase its consistency. Food enzymes not only aid in the digestion of farm animals, but also increase the nutritional quality of the feed, resulting in better energy and nutrient consumption.
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The Food Enzymes Market is divided into the following types:
The market is segmented on the basis of application into:
On the basis of the form, the industry is divided into:
• Dry form
• Liquid form
Regional markets for the product include:
• North America
• Latin America
• The Middle East and Africa
The Global Meat the industry is on the rise due to an increase in meat consumption, which stimulates the demand for food enzymes. In 2016, poultry was the most common category of livestock in which food enzymes were used the most. There has been an increase in the poultry market around the world, and food enzymes help poultry grow faster and have stronger immune systems. The industry has also benefited from an increase in the number of farm animals due to the increasing demand for animal protein. Antibiotics as growth promoters have been banned in the European Union and other parts of the world, which has contributed to the growth of the food enzyme industry, with customers gradually using these enzymes as substitutes for antibiotics. People are now increasingly favoring the use of food enzymes because of their additional health benefits, which reduce the risk of metabolic disorders. diseases in animals, as well as their environmental benefits.
Key market players
The main players in the market are Novozymes Inc., DSM Nederland BV, DuPont Co., Archer Daniels Midland Company, BASF, Novus International, Inc., BioResource International, Inc., Bioproton Europe Oy, AVEVE Biochem NV, VEMO 99 Ltd. , Palital Feed Additives BV, Phytobiotics Futterzusatzstoffe GmbH, Bioseutica BV, Kemin Industries, Inc., Amano Enzymes and AB Enzymes GmbH. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are continuously monitoring the impact of this rapidly changing situation on markets and consumer buying behaviors. Thus, our latest estimates and analyzes on current market trends and forecasts will comprehensively reflect the effects of this emerging pandemic.
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