DUBLIN--(BUSINESS WIRE)--The "Global Animal Feed Enzymes Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2017 to 2025" report has been added to ResearchAndMarkets.com's offering.
The global animal feed enzymes market was valued at US$ 842.9 Million in 2016, and is expected to reach US$ 1,487 Million by 2025, expanding at a CAGR of 7.4% from 2017 to 2025.
Growing population worldwide along with the changing food habits has led to substantial increase in the demand for frozen meat, over the period of time. This is expected to continue driving the demand for feed enzymes so as to improve animal health and produce high quality meat. Rising awareness relating to feedstuff quality along with economical price are among the prime factors stimulating the demand for animal feed enzymes.
Increasing need for higher meat production is the most prominent factor driving the animal feed enzyme market. Increase in disposable income of people, changing food habits and the flourishing supermarkets and hypermarkets has led to the increase in consumption of meat globally.
Europe had the market share of more than 30% in 2016, followed by North America and Asia Pacific. Germany and Spain are largest market for livestock production in Europe region. In Europe, the guidelines gaggle the demand for animal feed enzymes. North America has a huge demand for poultry meat and pork, which in turn accelerates the demand for animal feed enzymes market. Increasing awareness towards healthier and safe meats is positively driving the market. Asia Pacific is likely to have a significant growth over the forecast period, due to rise in socio-economic factors and increasing meat consumers.
- Adisseo France SAS
- Alltech Inc.
- Associated British Foods PLC
- Azelis Holdings SA
- BASF SE
- Koninklijke DSM N.V.
- Novus International, Inc.
- Rossari Biotech Ltd
- Royal DSM N.V.
For more information about this report visit https://www.researchandmarkets.com/research/qp2pjv/global_1_48?w=4