Animal Feed Enzymes Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0197043
  • Format: Electronic (PDF)
  • Number of Pages: 191
  • Author(s): Joshi, Madhavi

Report Overview

The Animal Feed Enzymes Market size was estimated at USD 1.2 billion in 2023 and is projected to reach USD 2.1 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.70% during the forecast period (2024-2030).

Animal Feed Enzymes Market

(Market Size)
$1.2 billion
$2.1 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 8.70%
2023 Market Size USD 1.2 billion
2030 Market Size USD 2.1 billion
Key Players Novozymes, DuPont, DSM

Market Summary

The animal feed enzymes market is a critical and growing segment within the global food and beverages industry, specifically supporting the animal nutrition and feed production sectors. These specialized enzymes are protein-based biocatalysts added to animal feed to enhance the digestibility of nutrients, improving the overall efficiency of feed conversion and promoting animal health and growth. The market is characterized by a strong focus on research and development, leading to continuous product innovation aimed at addressing specific nutritional challenges across various livestock, including poultry, swine, ruminants, and aquaculture species. Increasing global meat consumption and the subsequent intensification of livestock production are fundamental factors sustaining demand. The industry is also responding to heightened consumer awareness regarding meat quality and animal welfare, alongside a pressing need for sustainable farming practices that reduce environmental impact, such as lowering phosphorus excretion in manure. The competitive landscape is dynamic, featuring both large multinational corporations and specialized biotechnology firms striving to develop more effective and cost-efficient enzyme solutions.

Key Highlights

The animal feed enzymes market is distinguished by several pivotal developments that underscore its strategic importance. A primary highlight is the significant advancement in enzyme technology, particularly the development of thermostable enzymes that can withstand the high temperatures of feed pelleting processes without losing efficacy. This technological leap has greatly enhanced the practicality and reliability of enzyme inclusion in commercial feed manufacturing. Another key trend is the shift towards multi-enzyme complexes, which are formulated to target a broader spectrum of anti-nutritional factors and substrates within feed ingredients, thereby offering a more comprehensive nutritional benefit compared to single-enzyme products. The market is also witnessing a surge in demand for phytase enzymes, driven by their proven ability to liberate bound phosphorus in plant-based feed, which reduces the need for inorganic phosphate supplements and minimizes environmental pollution. Furthermore, the expansion of the aquaculture industry represents a major growth frontier, creating new opportunities for tailored enzyme blends that improve the digestion of plant-based proteins in fish diets, supporting the sector's sustainable growth.

Drivers, Opportunities & Restraints

The growth trajectory of the animal feed enzymes market is propelled by a confluence of powerful drivers. The relentless rise in global population and per capita income is escalating the demand for animal protein, necessitating more efficient livestock production systems where feed enzymes play an indispensable role in optimizing feed utilization and reducing costs. Stringent regulations in various regions aimed at curbing the use of antibiotic growth promoters in animal feed have further accelerated the adoption of enzyme-based alternatives that promote gut health and performance naturally. A significant opportunity lies in the untapped potential of emerging economies in Asia-Pacific and Latin America, where modernization of the livestock sector is ongoing and awareness of advanced feed additives is increasing. Additionally, the growing focus on sustainability presents opportunities for enzymes that mitigate the environmental footprint of animal farming. However, the market faces notable restraints, including the high cost associated with research, development, and production of novel enzymes. The variability in the composition of raw feed materials can also challenge the consistent efficacy of enzyme products, and a lack of universal regulatory harmonization can create barriers to international trade and market entry for manufacturers.

Concentration Insights

The competitive concentration within the animal feed enzymes market is characterized by a mix of well-established multinational players and innovative biotechnology companies. A handful of major corporations, including Novozymes, DSM, DuPont, and BASF, hold a significant share of the global market. Their dominance is underpinned by extensive research and development capabilities, robust global distribution networks, and strong brand recognition. These industry leaders often engage in strategic activities such as mergers, acquisitions, and partnerships to expand their product portfolios and geographic reach. Alongside these giants, a number of specialized and regional players compete by offering niche products or catering to specific local needs. The market concentration is further influenced by high barriers to entry, including the substantial capital investment required for R&D and the need for regulatory approvals across different countries. This structure fosters an environment of continuous innovation as companies strive to develop superior, more cost-effective enzyme solutions to gain a competitive edge and capture market share.

Type Insights

The animal feed enzymes market is segmented by type, with phytases, carbohydrases, and proteases representing the core categories. Phytase is arguably the most prominent and widely adopted enzyme type. Its primary function is to break down phytic acid, an anti-nutritional compound present in plant-derived feedstuffs like corn and soybean meal. This process releases digestible phosphorus and other minerals, which improves bone health and growth in monogastric animals while significantly reducing phosphorus pollution in manure. Carbohydrases form another crucial category, encompassing enzymes such as xylanase, glucanase, and amylase. These enzymes target non-starch polysaccharides (NSPs) and starches in grains, breaking them down into simpler sugars. This action reduces gut viscosity, enhances nutrient absorption, and increases the available energy from the feed, leading to better feed efficiency and animal performance. Proteases complement these by breaking down complex proteins and peptides into amino acids, improving protein digestibility and utilization. This is particularly valuable when using alternative protein sources with lower digestibility coefficients, allowing nutritionists to formulate more flexible and cost-effective diets.

Application Insights

The application of feed enzymes spans across various animal sectors, each with distinct nutritional requirements and challenges. The poultry industry, encompassing broilers, layers, and turkeys, is the largest application segment. Enzymes are integral to poultry diets for improving the metabolizable energy of feed, enhancing phosphorous availability, and mitigating the effects of anti-nutritional factors prevalent in cereal grains, thereby supporting rapid growth and high egg production. The swine segment is another major consumer, where enzymes are used to enhance the digestibility of sow and grower-finisher diets, improve nutrient uptake, and support overall herd health and productivity. In ruminant nutrition, enzymes are applied to enhance the breakdown of fibrous feed components in the rumen, leading to improved forage utilization and milk yield in dairy cows. The aquaculture sector represents a rapidly growing application area. As the industry shifts towards more sustainable, plant-based diets to replace fishmeal, enzymes are critical for improving the digestibility of plant proteins and carbohydrates in species like salmon, trout, and shrimp, supporting healthy growth and reducing nutrient waste in water systems.

Regional Insights

The adoption and growth of the animal feed enzymes market exhibit distinct regional patterns influenced by economic development, livestock industry structure, and regulatory frameworks. North America and Europe are considered mature markets characterized by high adoption rates. This maturity is driven by well-established animal production industries, high consumer awareness of food safety and quality, and stringent regulations promoting sustainable practices and restricting antibiotic use. The Asia-Pacific region is identified as the fastest-growing market, fueled by a massive and expanding population, rising disposable incomes, and a consequent surge in demand for meat and dairy products. Countries like China, India, and Vietnam are modernizing their livestock production systems at a rapid pace, creating immense opportunities for feed additive adoption. Latin America, with powerhouse agricultural nations like Brazil and Mexico, also presents a significant market due to its large-scale commercial poultry and swine operations. The Middle East and Africa region shows growing potential, though development is uneven and often dependent on investments in large-scale commercial farming ventures to meet food security goals.

Company Insights

The animal feed enzymes market features a competitive landscape with several key players driving innovation and market expansion. Novozymes A/S is a global leader, renowned for its extensive portfolio of microbial-based enzyme solutions and strong focus on biotechnology research. Royal DSM N.V. is another major force, offering a wide range of nutritional products including its prominent phytase and protease enzymes under its animal nutrition and health division. IFF Nutrition & Biosciences (which incorporated DuPont's industrial biosciences unit) is a significant competitor with a robust enzyme product line developed through advanced microbial fermentation technology. BASF SE is a key player, providing innovative enzyme solutions as part of its broader animal nutrition portfolio. Other notable companies include Associated British Foods plc (through its AB Vista division), Adisseo, and Chr. Hansen Holding A/S. These companies compete intensely on factors such as product efficacy, scientific support, price, and customer service. Their strategies often involve heavy investment in R&D to create next-generation enzymes, strategic acquisitions to bolster market position, and forging strong relationships with feed millers and integrators worldwide.

Recent Developments

The animal feed enzymes market is continuously evolving, with recent developments highlighting a strong trend towards innovation and strategic growth. A prominent theme has been the launch of next-generation enzyme products with enhanced stability, broader substrate specificity, and higher activity levels. Companies are investing heavily in proprietary technologies, such as advanced screening techniques and genetic engineering, to develop novel enzymes that perform effectively under challenging conditions in the animal's gut and during feed processing. There has been a noticeable increase in strategic collaborations and partnerships between enzyme manufacturers, research institutions, and animal nutrition companies aimed at co-developing tailored solutions for specific regional challenges or animal species. Furthermore, several leading players have made significant acquisitions to consolidate their market presence and expand their technological capabilities and product offerings. Sustainability continues to be a central focus, with new product developments increasingly geared towards helping producers achieve greater environmental efficiency by reducing nutrient excretion and improving the utilization of alternative, more sustainable raw materials in feed formulations.

Report Segmentation

This comprehensive market research report on the animal feed enzymes market provides a detailed and structured analysis segmented across multiple dimensions to offer granular insights. The segmentation by type meticulously categorizes the market into phytase, carbohydrase (including xylanases, beta-glucanases, and amylases), protease, and other emerging enzyme types, analyzing the unique characteristics, adoption rates, and growth dynamics of each category. The application segmentation offers a deep dive into the usage of these enzymes across key animal sectors, including poultry, swine, ruminants, aquaculture, and other livestock such as pets and horses, highlighting specific nutritional needs and market drivers within each segment. Geographically, the report provides a thorough regional analysis covering North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, examining regional production trends, regulatory landscapes, and growth potential. An additional layer of segmentation may analyze the form of the enzyme products, such as dry versus liquid formulations. This multi-faceted segmentation allows stakeholders to identify precise growth pockets, understand competitive dynamics in specific niches, and make informed strategic decisions based on robust, categorized data.

FAQs

What are animal feed enzymes?

Animal feed enzymes are specialized protein-based catalysts added to animal diets to enhance the breakdown and digestion of specific feed components that animals cannot fully digest on their own. They improve nutrient availability, support animal health and growth, and contribute to more sustainable farming practices by reducing waste.

How do feed enzymes work?

Feed enzymes work by catalyzing biochemical reactions that break down complex, indigestible compounds in feed into simpler, absorbable molecules. For instance, phytase breaks down phytic acid to release phosphorus, while carbohydrases break down fibrous compounds to release energy, thereby increasing the overall nutritional value of the feed.

What are the benefits of using feed enzymes?

The benefits are multifaceted, including improved feed conversion ratio and animal performance, reduced feed costs by allowing the use of alternative ingredients, enhanced animal health and welfare, and a decreased environmental impact through lower excretion of nutrients like phosphorus and nitrogen into the environment.

Which animals can benefit from feed enzymes?

Feed enzymes are beneficial for a wide range of livestock, including poultry such as broilers and layers, swine like pigs and sows, ruminants including dairy and beef cattle, and aquatic species farmed in aquaculture, such as fish and shrimp. Their application is tailored to the specific digestive system and diet of each animal type.

What is the future of the feed enzymes market?

The future is poised for sustained growth, driven by the global demand for animal protein, the need for sustainable animal production, and the phasing out of antibiotic growth promoters. Innovation will focus on developing more robust, efficient, and targeted enzyme products to meet evolving nutritional and environmental challenges.

Citius Research has developed a research report titled “Animal Feed Enzymes Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Animal Feed Enzymes Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Animal Feed Enzymes Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Animal Feed Enzymes Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Animal Feed Enzymes Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Animal Feed Enzymes Market
• Research Methodology
• Executive Summary
• Market Dynamics of Animal Feed Enzymes Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Animal Feed Enzymes Market
• Cost and Gross Margin Analysis of Animal Feed Enzymes Market
• Animal Feed Enzymes Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Animal Feed Enzymes Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Animal Feed Enzymes Market Key Stakeholders

Below are the key stakeholders for the Animal Feed Enzymes Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Animal Feed Enzymes Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Animal Feed Enzymes Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Animal Feed Enzymes Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Animal Feed Enzymes Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Animal Feed Enzymes Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Animal Feed Enzymes Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Animal Feed Enzymes Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Animal Feed Enzymes Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Animal Feed Enzymes Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Animal Feed Enzymes Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Animal Feed Enzymes Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Animal Feed Enzymes Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Animal Feed Enzymes Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Animal Feed Enzymes Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Animal Feed Enzymes Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Animal Feed Enzymes Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Animal Feed Enzymes Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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