PUBLISHER: The Business Research Company | PRODUCT CODE: 1414408
PUBLISHER: The Business Research Company | PRODUCT CODE: 1414408
“Microorganism Feed Carbohydrase Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on microorganism feed carbohydrase market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for microorganism feed carbohydrase? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The microorganism feed carbohydrase market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Microorganism feed carbohydrase constitutes a vast family of glycosidase enzymes facilitating five types of reactions that transform carbohydrates into simple sugars. These enzymes, known as carbohydrases, play a crucial role in breaking down polysaccharides and are produced in the pancreas, salivary glands, and small intestine. They contribute to the breakdown of meal components that the digestive tract may struggle to efficiently process independently.
The primary types of microorganism feed carbohydrase encompass amylases, cellulases, pectinases, lactase, and others. Amylases, for instance, are enzymes aiding in digestion and naturally present in the saliva of certain mammals, including humans. These enzymes are available in various forms such as dry and liquid. The diverse range of livestock benefiting from microorganism feed carbohydrases includes poultry, swine, ruminants, aquatic animals, and others. These enzymes find applications in various sectors, including food and beverage, animal feed, pharmaceuticals, and more.
The microorganisms feed carbohydrase market research report is one of a series of new reports from The Business Research Company that provides microorganisms feed carbohydrase market statistics, including microorganisms feed carbohydrase industry global market size, regional shares, competitors with microorganisms feed carbohydrase market share, detailed microorganisms feed carbohydrase market segments, market trends, and opportunities, and any further data you may need to thrive in the microorganisms feed carbohydrase industry. These microorganisms feed carbohydrase market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The microorganism feed carbohydrase market size has grown strongly in recent years. It will grow from $1.55 billion in 2023 to $1.7 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The expansion observed in the historical period can be attributed to the adoption within the industry, changes in regulations, consumer preferences, research initiatives, and economic fluctuations.
The microorganism feed carbohydrase market size is expected to see strong growth in the next few years. It will grow to $2.36 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The anticipated growth in the forecast period can be attributed to the growth of the feed industry, trends in health and wellness, market competitiveness, environmental concerns, and ongoing research and development efforts. Significant trends expected in the forecast period include advancements in biotechnology, increased awareness of health and wellness, exploration of alternatives to antibiotics, the emergence of precision nutrition, and a focus on antibiotic alternatives.
The microorganisms feed carbohydrase market is poised for growth, driven by the increasing demand for animal protein, particularly meat. Meat, a valuable source of protein, vitamins, and minerals in the diet, sees common use for consumption. Microorganisms feed carbohydrase enzymes play a crucial role in animal feeds, mitigating the negative impacts of antinutritional elements in feed raw materials. This improves overall performance, allowing for more cost-effective meat production while enhancing long-term animal well-being. According to the Organization for Economic Co-operation and Development (OECD), global meat consumption per capita is projected to increase by 0.3% annually, reaching 35.4 kg in retail weight equivalent by 2030. Poultry meat is expected to represent 41% of all protein from meat sources, with a 2% increase in 2030 due to its perceived health benefits, affordability, and convenient preparation. Thus, the rising demand for animal protein, especially meat, is a key driver for the microorganisms feed carbohydrase market.
The microorganism feed carbohydrase market is also anticipated to experience growth due to an increase in livestock production. Livestock production involves the breeding and raising of animals for various purposes, such as obtaining meat, milk, eggs, wool, and other by-products. Microorganism feed carbohydrases play a role in livestock production by enhancing nutrient digestion, feed efficiency, and overall animal performance. In 2022, UK livestock production witnessed growth, with the total livestock output reaching 22.2 billion (£19.3 billion), a 16% increase from 2021, according to reports from GOV.UK. This growth in livestock production contributes to the overall expansion of the microorganism feed carbohydrase market.
Innovations in products constitute a significant trend in the microorganism feed carbohydrase market, with major companies focusing on introducing novel products to maintain their market position. For instance, in February 2022, Novozymes, in collaboration with the Royal Dutch DSM Group, developed Ronozyme feed enzymes. These enzymes are designed to enhance feed utilization and efficacy while reducing feed costs and adverse environmental impacts, aligning with the industry's sustainable development goals.
Major players in the microorganism feed carbohydrase industry are adopting a strategic partnership approach to enhance their success in a competitive market. Strategic partnerships involve leveraging each other's strengths and resources for mutual benefits and success. In October 2021, BASF partnered with Cargill Incorporated to bring innovative enzyme-based solutions to the animal feed market. The partnership focuses on developing, producing, marketing, and selling customer-centric enzyme products and solutions, aiming to improve animal well-being, support farmer sustainability, and address productivity and cost challenges-elements relevant to the microorganism feed carbohydrase market.
In November 2021, Novozymes A/S acquired Novo Nordisk Pharmatech A/S for an undisclosed amount, aiming to build on its track record of delivering superior products, thereby enhancing customer satisfaction and producing high-quality biopharmaceuticals. Novo Nordisk Pharmatech A/S, a biopharmaceutical company based in Denmark, specializes in developing microorganisms feed enzymes.
Major companies operating in the microorganism feed carbohydrase market report are BASF SE, Novozymes A/S, Adama Ltd., Cargill Incorporated, Kerry Group plc, International Flavors & Fragrances Inc., K+S Group, Sumitomo Chemicals, Associated British Foods plc, Royal DSM N.V, Corbion N.V, Syngenta Group, Bayer AG, Amano Enzymes Inc., Adisseo S.A.S., Alltech Inc., Biomin Holding GmbH, BIOTEC Bioproducts Ltd., Chr. Hansen A/S, DSM Nutritional Products Ltd., ENZIMAS BIOSCIENCES GMBH, Evans Light Biotechnology Ltd., Kemin Industries Inc., Lallemand Inc., Phibro Group LLC, Progessus AG, Biochem Valley Ltd., Bio-Enzytech Ltd., HALCHEM Industries Ltd., Ingrevia SAS
North America was the largest region in the microorganism feed carbohydrase market in 2023. The regions covered in the microorganism feed carbohydrase market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the microorganism feed carbohydrase market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The microorganism feeds carbohydrase market consists of sales of lipase, protease, glucosidases, inverted sugar syrups, glucose, and fructose. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.