Feed Enzymes Market Worth $1,280.1 Million by 2019

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Feed Enzymes Market Worth $1,280.1 Million by 2019

The feed enzymes market is estimated to reach about $1,280.1 million by 2019. In 2014, Europe was the largest feed enzymes market. The RoW market for feed enzymes is projected to grow at the highest CAGR of around 8.8% from 2014 to 2019. The Asia-Pacific market is estimated to have the second-highest CAGR of 7.6% from 2014 to 2019.

Feed enzymes are obtained through natural sources and have become the most important part of the livestock's feed. They are increasingly used in markets where the consumption of feed is increasing.

The feed enzymes market is driven by the consumption habits of the consumers, marketing strategies of the companies, an increase in demand for high feed enzymes, consumer awareness, and the developing economies.

To maintain a competitive edge in the feed enzymes market, the key players invest heavily in the development of new innovative products. The key players of the market were observed to prefer acquisitions, new product developments, collaborations, and expansions as strategies to garner a larger share in the market.

Leading feed enzymes companies include BASF, ABF, DSM, Novus International, Elanco International, Danisco, Novozymes, etc.

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