Feed Enzymes Market Size to Grow at a CAGR of 7 1% During the Forecast Period 2021-2026 briefingwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from briefingwire.com Daily Mail and Mail on Sunday newspapers.
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The global feed enzymes market is projected to register a CAGR of 7.3% during the forecast period. Rising awareness, increasing demand for animal nutrition, and the ban of antibiotics in many regions are prompting the livestock industry and meat manufacturers to use added nutrition in feed, which is anticipated to drive the global feed enzymes market.
Food safety has become a paramount issue for many governments around the world, especially in North America and Europe. Animals often stand in their own waste and are under constant duress, which affects their immune system, making them prone to infections. Asia-Pacific emerges as one of the fastest-growing markets for feed enzymes and is majorly driven by the presence of a large livestock population (FAO 2017) as well as an increasing number of feed mills. These aforementioned trends are attracting more players to enter the feed enzymes market.