Feed enzymes are mainly artificial feed additives which help to boost the growth in livestock and also help to seize infectious maladies in them. Feed enzymes improve the different types of chemical and biochemical reactions in animal body for making them physically fit. Feed enzymes control pelleting temperatures and acidic pH conditions during feed processing operations. Different types of livestock feed enzymes are proteases, carbohydrates and phytase.
The global livestock feed enzymes market is primarily driven by the increasing demand from the pig and poultry fodder sectors. Owing to the changing food habit and increasing disposable income is fueling the consumption of meat globally. Moreover, its easy availability is also booming the market and is expected a significant growth during the forecast period from 2017 to 2025. Livestock feed enzymes not only increase the nutrition proportion in animal fodder but also help to lowering the amount of animal waste. These factors is expected to increase the demand of live stock feed enzymes market during the forecast period from 2017 to 2025.
In addition, rising concern regarding the outbreak of animal’s diseases and the growing ranks of perceptive consumers concerned regarding the quality of meat is expected to fule the growth of the livestock feed enzymes market in the next eight years. Developing countries such as India, China, and Brazil are focusing on growing animal fodder industry along with the increasing livestock farming and breeding activities is anticipated to boom the market of livestock feed enzymes.
Livestock feed enzymes are gaining popularity for improving feed digestibility, nutrient absorption, cost reduction and better performance. Enzymes are gaining importance for enhanced health and performance of livestock by replacing antibiotics from them. The prospect of rising resistant populations of bacteria and their side effects of using antibiotics as growth promoters in farm animals is booming the market of livestock feed enzymes market globally and is expected to have a significant growth during the forecast period from 2017 to 2025. In addition, the manufacturing process of feed enzymes has significantly developed due to rising environmental protection norms and the modern techniques of waste management.
The global livestock feed enzymes market is segmented by product type, by form, by application and by region. On the basis of different type of livestock feed enzymes market is segmented into phytases, carbohydrases, proteases and others. In terms of form type the market of livestock feed enzymes is segmented into liquid and dry. The global livestock enzymes market segmented by application into poultry, pigs, ruminant, pets, aqua, equine
In the region wise study the global livestock feed enzymes market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. Asia Pacific is showing the fastest growth owing to the emerging economics such as India and China. Demand for organic products is showing the fastest growth in Asia Pacific during the forecast period. Europe is expected to have a significant market share during the forecast period. The market share of Europe is high mainly due to the rise in demand for skin care, oral care products. Brazil has shown an impressive growth in livestock feed enzymes market followed by Latin America in recent years. Rapid urbanization from developed and developing countries is also resulting to the growth of global livestock feed enzymes market.
The global livestock feed enzymes market is marked by some intense competition from the major players operating in this field. Frequent merger and acquisition joint venture and partnership product innovation and geographical expansion are some of the major strategies adopted by this players to ensure long term sustenance in this market Key participants in the global livestock feed enzymes industry include BASF SE., Danisco Animal Nutrition, Beldem, Alltech, Adisseo, AB Vista, Novozymes and Kemin. among others.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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Below is a snapshot of these quadrants.
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The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.