The growth of this market is mainly driven by increasing customer interest towards better quality, which contains impartial and nutritive content. The increasing prospective in approaching markets and unexploited regions provides latest development opportunities for market players. The growth of new feed enzymes and shortest feed microbial commodities with modified tradition capabilities will serve as a chance for feed enzymes market players. Reduction in environmental pollution, increase in meat production, antibiotic growth-promoters are some of the factors favoring the market growth. However, regulatory structure & intervention will hamper the market.
By Application, processed food segment is anticipated to grow at a higher CAGR due to increasing applications in food processing procedures and increasing awareness among consumers. North America dominated the global food enzymes market followed by Europe and Asia pacific. Moreover, Asia Pacific witnessed to have a healthy market growth and is anticipated to grow at a faster rate during the forecast period.
Some of the key players in this market include BASF SE, Lesaffre Group, Advanced Enzymes Technologies Ltd., E. I. Du Pont De Nemours and Company, Alltech Inc., Novus International, Inc., Novozymes A/S, Adisseo France S.A.S., Puratos Group, Geographic Revenue Mix, Associated British Foods PLC, Chr. Hansen Holdings A/S, Biocatalysts Limited, Koninklijke DSM N.V. and Amano Enzyme Inc.
Product Type Covered:
• Non-Starch Polysaccharide
o Other Non-Starch Polysaccharide
• Aquatic Animals
• Meat Beverages
• Processed Food
• Other Applications
• Lyophilized Powder
• Other Formulations
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• Rest of the World
o Middle East
o South Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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