Dublin, Aug. 30, 2018 (GLOBE NEWSWIRE) -- The "Feed Enzyme Market by Type, By Consumer Livestock and By Geography - Global Driver, Restraints, Opportunities, Trends, and Forecast to 2023" report has been added to ResearchAndMarkets.com's offering. According to the report, the global feed enzyme market is expected to grow at a CAGR of 7.3% during the forecast period. It is expected to reach $1.51 billion by 2023. The Asia Pacific has the fastest growth rate and is expected to move towards greater adoption of feed enzyme technology. This will directly boost the consumption value majorly coming from China, Australia, and Latin America.
Globally, the demand for feed enzyme is high in economically developing countries, whereas the developed regions are moving towards saturation. Extensive consumption of enzymes comes from poultry and swine segments due to better adoption rate in the industry. Further research and developments in enzyme biotechnology for stabilizing enzyme effectiveness is expected to boost the growth in the next five years. The regional demand for feed enzyme is growing, especially in the Asia Pacific and Latin American regions. This growth is supported by the increasing awareness for enzyme biotechnology and high consumption rate for animal products in these regions. Currently, Europe is the global leader in the feed enzyme market from the demand side. The European region has strict policies for the animal product consumption, providing the maximum usage of high-quality feed enzymes.
From the supplier side, the Asia Pacific followed by North America are the market leaders. Developing and underdeveloped markets like Latin America, Middle East & Africa are also witnessing capital investments for research and development for product development of feed enzymes which is increasing the regional competition.
Key Topics Covered
1 Report Outline 1.1 Introduction 1.2 Report Scope 1.3 Market Definition 1.4 Research Methodology 1.4.1 Data Collation & In-House Estimation 1.4.2 Market Triangulation 1.4.3 Forecasting 1.5 Study Declarations 1.6 Report Assumptions 1.7 Stakeholders 2 Executive Summary 2.1 Asia Pacific is the fastest growing region in Feed enzyme Market 2.2 Poultry industry fueling the growth of feed enzyme 3 Market Positioning 3.1 Total Addressable Market (TAM): Feed additive market 3.1.1 Market Overview 3.1.2 Major Trends 3.2 Segmented Addressable Market (SAM) 3.3 Related Markets 4 Market Outlook 4.1 Overview 4.2 Value Chain Analysis 4.3 PESTLE Analysis 4.4 Porter 5 (Five) Forces 4.5 Patent Analysis 5 Market Characteristics 5.1 Market Segmentation 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Increasing penetration of feed enzyme towards new markets 5.2.1.2 Innovation in new biotechnology formulations 5.2.1.3 Good efficacy in terms of product usage and returns 5.2.2 Restraints 5.2.2.1 High product prices and limited players 5.2.2.2 Changing geo-political structure of various countries affecting the market 5.2.2.3 Limited understanding of application & usage in underdeveloped countries 5.2.3 Opportunities 5.2.3.1 Need for better and cost-effective feed enzyme 5.2.3.2 Large untapped market in developing and underdeveloped countries 5.2.4 DRO - Impact Analysis 6 By Type: Market Size and Analysis 6.1 Overview 6.2 Phytase 6.3 Protease 6.4 Carbohydrase 6.5.1 Carbohydrase type (Amylase, Xylanases, Mannanases) 7 By Source: Market Size and Analysis 7.1.1 Overview 7.2 Microorganism 7.3 Plant 7.4 Animal 7.5 Vendor Profiles 7.5.1 Cargill Inc. 7.5.2 BASF SE 7.5.3 DowDuPont Inc. 7.5.4 Novozymes 7.5.5 Novus International Inc. 8 Consumer livestock: Market Size and Analysis 8.1 Overview 8.2 Ruminants 8.3 Poultry 8.4 Swine 8.5 Aquatic Animals 8.6 Customer Profiles 8.6.1 Tyson Food 8.6.2 Archer Daniel Midland Company 8.6.3 Land O'Lakes Inc 8.6.4 Nutrena 8.6.5 Provimi 9 Regions: Market Size and Analysis 10 Companies to Watch For 10.1 Archer Daniel Midland Company (ADM) 10.1.1.1 Overview 10.1.1.2 Archer Daniel Midland increases specialty feed ingredient portfolio targeting poultry & swine 10.2 Genencor International (DuPont) 10.2.1.1 Overview 10.2.1.2 Genencor International develops feed granules to protect active ingredients 11 Competitive Landscape 11.1 Competitor Comparison Analysis 11.2 Market Landscape 11.2.1 Mergers, Acquisitions & Joint Ventures 11.2.2 Divestiture & Divestment 11.2.3 Expansion 12 Expert's Views
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