5 Major Insights On The Plant-Based Feed Enzymes Market 2023
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
As per The Business Research Company’s Plant-Based Feed Enzymes Global Market Report 2023, the plant-based feed enzymes market is expected to show significant growth in the forecast period.
The global plant-based feed enzymes market is set to experience significant growth, driven by several key factors. As we explore the landscape of this dynamic market, we’ll uncover the impact of a large livestock population, the major players shaping the industry, and the exciting trend of product innovation.
Powering the Growth Engine: Large Livestock Population
One of the primary drivers behind the expansion of the plant-based feed enzymes market is the existence of a substantial livestock population. This refers to the number of domesticated animals kept for various purposes, including food production and labor. Plant-based feed enzymes play a pivotal role in addressing the nutritional needs of livestock and enhancing the efficiency of feed utilization.
- Sheep and Lambs in England: In the United Kingdom, for instance, the population of sheep and lambs in England increased by 2.0% in 2022, reaching 14.9 million, up from 14.6 million in 2021.
Market Leaders: Major Players in the Plant-Based Feed Enzymes Industry
The plant-based feed enzymes market boasts a roster of key players that wield substantial influence, offering a range of innovative products and services.
- Industry Titans: Notable players in the market include Cargill Incorporated, BASF SE, Associated British Foods Plc, DuPont, DSM, Novozymes, and more.
A Beacon of Innovation: Product Advancements
In the dynamic plant-based feed enzymes market, product innovation has taken center stage. Leading companies are constantly developing novel and cutting-edge solutions to retain their competitive edge.
- BASF’s Breakthrough: In December 2021, BASF introduced Natupulse TS, an innovative feed enzyme designed to unlock valuable nutrients from plant-derived protein sources like soybean meal. This innovative product contains non-starch-polysaccharide (NSP) enzymes, such as beta-mannanase, which enhance energy digestibility and cost-effectiveness in feed production. It supports more sustainable animal protein production.
Plant-Based Feed Enzymes Market Segmentation: Meeting Diverse Needs
The plant-based feed enzymes market is diverse, with a range of segmentation categories that cater to varied consumer needs.
- Types of Enzymes: The market includes various enzyme types, such as phytase, protease, and carbohydrase, each serving unique purposes.
- Form of Enzymes: Enzymes are available in both liquid and dry forms, providing flexibility and convenience to consumers.
- Livestock Categories: The market addresses the needs of different livestock, including ruminants, swine, poultry, aquatic animals, pets, and horses.
Global Landscape: North America Leads the Way
In 2022, North America held the distinction of being the largest region in the plant-based feed enzymes market. As we look ahead, it’s interesting to note that the plant-based feed enzymes market is poised for global growth.
View More On The Plant-Based Feed Enzymes Market Report 2023 – https://www.thebusinessresearchcompany.com/report/plant-based-feed-enzymes-global-market-report
Request A Sample Of The Global Plant-Based Feed Enzymes Market Report 2023:
https://www.thebusinessresearchcompany.com/sample_request?id=12047&type=smp
The Plant-Based Feed Enzymes Global Market Report 2023 provides an in-depth analysis on the plant-based feed enzymes market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the plant-based feed enzymes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
View More Related Reports –
Plant-Based Protein Global Market Report 2023
Swine Feed Minerals Global Market Report 2023
Feed Enzymes Global Market Report 2023
Learn More About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.
Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
