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Enzymes Market Regional Analysis, Growth Projections and Industry Forecast by 2024

Author : Rahul Sankrityayan | Published Date : 2019-10-01 

Global Market Insights, Inc. has launched a report on Enzymes Market that elucidates an in-depth synopsis of this business vertical over the forecast period. The report is inclusive of the prominent industry drivers and provides an accurate analysis of the key growth trends and market outlook in the years to come in addition to the competitive hierarchy of this sphere.

Rising population and advancing methods of industrial production will considerably reinforce the global enzymes market, which has key applications in the food & beverage, textile, cosmetics and animal feed segments. Enzymes help improve the nutritional value of food items and also extend their shelf life, boosting demand for the substance.

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Continuous increase in the consumption of packaged food will subsequently propel revenues for the enzymes industry, further enhanced by its importance in the production of nutraceuticals, dairy and fruit juice products.

The industry is also finding its place in the processing of bio fuels as well as in wastewater treatments, owing to the beneficial chemical properties of enzymes. The substances have also proven vital in improving the digestion among livestock animals and raising their health standards, suggesting that augmented meat and poultry intake will create tremendous opportunities for the enzymes market.

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Elaborating further, experts have stated that a corn-soybean animal meal, which is said to be the standard diet for swine and poultry and consists of highly digestible base ingredients, is still only 85% digestible. The remaining quantity of these costly ingredients not only remain unutilized in the animals, but also cause problems such as diarrhea and gut irritation, negatively affecting nutrient absorption.

To comprehend the importance of providing a healthy animal food product, consider the fact that the U.S. Department of Agriculture had estimated the consumption of poultry and red meat will reach an average of 222.2 pounds per person in 2018. The enzymes industry would be able to provide solutions to animal producers for reducing phosphorus excretion and improving the environmental footprint emerging from livestock.

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Separately, a large number cases pertaining to consumption of unhealthy animal products and packaged meat food has driven governments to pressurize animal producers to stop the use of growth-inducing drugs and chemicals. Supplementing animal diets with enzymes has been preferred more commonly now as an approach to counter this issue.

All in all, expanding consumption of poultry, meat and other animal products will enormously proliferate the enzymes market, with the growing need for effective and low-cost feed additives. DSM, Danisco, BASF and Novozymes are some prominent companies leading the competitive landscape of the industry, offering numerous enzyme products to be deployed in animal feed production, food and beverage processing as well as development of nutraceuticals, among others.

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About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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