The South America feed enzymes market is projected to register a CAGR of 4.2% during the forecast period 2020-2025. The feed enzymes are used to help animals in easy digestion and to ensure that animals get a complete diet or nutrition from the feeds fed to them. The increasing demand for the animal protein, raising animals population and the benefits of the enzymes are correlated with the feed enzymes market which is driving the market in a positive trend. This positive trend attracts more players to enter the feed enzymes market. The industrialization for the livestock industry, increasing demand for the animal protein, a large amount of soya and corn usage as ingredients for meet manufacturing are the major drivers of feed enzymes market. However, the investment in R&D is very high that acts as a major restraint preventing small players from entering the market.
Key Market Trends
Growing Demand for Animal Protein
Despite the increasing concerns about greenhouse gas emission and several other emerging environmental related problems due to the livestock industry, meat consumption is increasing year after year in the region. The feed enzymes are used to help animals in easy digestion and to ensure that animals get a complete diet or nutrition from the feeds fed to them. Enzymes also help in obtaining good feed efficiency which in turn reduces the feed costs and increases the profitability. The increasing demand for meat and meat products and the benefits of the enzymes are correlated with the feed enzymes market which is driving the market in a positive trend. Increasing meat-based product consumption resulted in a surge in livestock production which is further expected to create a surge in the feed enzyme market in the region.
Increased Livestock Industrialization
As per the Food and Agriculture Organization, In 2018, there were 358.6 million heads of cattle and buffalo stock, with 87.2 million heads of sheeps and goats. The livestock population in the region is increasing year after year in order to meet the increasing demand for animal protein across various countries. Increased awareness about the need for quality animal protein has forged the livestock industries to produce quality meat which in turn paves the way for the quality feeds to be fed for the animals. The feed enzymes are used to help animals in easy digestion and to ensure that animals get a complete diet or nutrition from the feeds fed to them. Enzymes also help in obtaining good feed efficiency which in turn reduces the feed costs and increases the profitability. The increasing demand for the animal protein, raising animals population and the benefits of the enzymes are correlated with the feed enzymes market which is driving the market in a positive trend.
Competitive Landscape
The South America feed enzymes market is a fragmented market with many players in the market. BASF SE, Biocatalyst, AB Enzymes, Advanced Enzymes Technologies are few international players in the market. The players in the market are taping the market potential by various activities including acquisition of other companies, investing in their R&D facilities and more.
Reasons to Purchase this report:
Key Market Trends
Growing Demand for Animal Protein
Despite the increasing concerns about greenhouse gas emission and several other emerging environmental related problems due to the livestock industry, meat consumption is increasing year after year in the region. The feed enzymes are used to help animals in easy digestion and to ensure that animals get a complete diet or nutrition from the feeds fed to them. Enzymes also help in obtaining good feed efficiency which in turn reduces the feed costs and increases the profitability. The increasing demand for meat and meat products and the benefits of the enzymes are correlated with the feed enzymes market which is driving the market in a positive trend. Increasing meat-based product consumption resulted in a surge in livestock production which is further expected to create a surge in the feed enzyme market in the region.
Increased Livestock Industrialization
As per the Food and Agriculture Organization, In 2018, there were 358.6 million heads of cattle and buffalo stock, with 87.2 million heads of sheeps and goats. The livestock population in the region is increasing year after year in order to meet the increasing demand for animal protein across various countries. Increased awareness about the need for quality animal protein has forged the livestock industries to produce quality meat which in turn paves the way for the quality feeds to be fed for the animals. The feed enzymes are used to help animals in easy digestion and to ensure that animals get a complete diet or nutrition from the feeds fed to them. Enzymes also help in obtaining good feed efficiency which in turn reduces the feed costs and increases the profitability. The increasing demand for the animal protein, raising animals population and the benefits of the enzymes are correlated with the feed enzymes market which is driving the market in a positive trend.
Competitive Landscape
The South America feed enzymes market is a fragmented market with many players in the market. BASF SE, Biocatalyst, AB Enzymes, Advanced Enzymes Technologies are few international players in the market. The players in the market are taping the market potential by various activities including acquisition of other companies, investing in their R&D facilities and more.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Cargill Inc.
- BASF SE
- AB Enzymes
- DSM Animal Nutrition
- Adisseo
- Novozymes
- Nutreco NV
- Novus International Inc.
- Pancosma SA
- Dupont Dansico
Methodology
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