Plant-Based Feed Enzymes Market Size, Share, Trends, Industry Growth Analysis and Forecast 2032-2032| Cargill Incorporated, BASF SE, Associated British Foods Plc, DuPont, DSM,

The Plant-Based Feed Enzymes Global Market Report 2023, provides comprehensive information on the plant-based feed enzymes market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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As per The Business Research Company’s Plant-Based Feed Enzymes Global Market Report 2023, the market size is expected to grow from $1.76 billion in 2022 to $1.83 billion in 2023 at a compound annual growth rate (CAGR) of 3.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of plant-based feed enzymes market is expected to reach $2.04 billion in 2027 at a CAGR of 2.8%

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Product innovation is a key trend gaining popularity in the plant-based feed enzymes market. Major companies operating in the plant-based feed enzymes market are developing innovative products to sustain their position in the market. For instance, in December 2021, BASF, a Germany-based chemical company, launched Natupulse TS, an innovative feed enzyme to unlock valuable nutrients from soybean meal and other plant-derived protein sources in commercial diets. It has non-starch-polysaccharide (NSP) enzymes such as beta-mannanase, which aids in improving the energy digestibility of nutrients, making the feed more cost-effective and supporting more sustainable animal protein production.

The plant-based feed enzymes market is segmented:

1) By Type: Phytase, Protease, Carbohydrase

2) By Form: Liquid, Dry

3) By Livestock: Ruminants, Swine, Poultry, Aquatic animals, Pets, Horses

North America was the largest region in the plant-based feed enzymes market in 2022.

The table of contents in TBRC’s plant-based feed enzymes market report includes:

1. Executive Summary

2. Plant-Based Feed Enzymes Market Characteristics

3. Plant-Based Feed Enzymes Market Trends And Strategies

4. Plant-Based Feed Enzymes Market – Macro Economic Scenario

5. Plant-Based Feed Enzymes Market Segmentation

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26. South America Plant-Based Feed Enzymes Market

27. Brazil Plant-Based Feed Enzymes Market

28. Middle East Plant-Based Feed Enzymes Market

29. Africa Plant-Based Feed Enzymes Market

30. Plant-Based Feed Enzymes Market Competitive Landscape And Company Profiles

Top Major Players:

• Cargill Incorporated
• BASF SE
• Associated British Foods Plc
• DuPont
• DSM

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