October 20, 2014

Europe is world's largest feed enzymes market

The feed enzymes market is estimated to become a US$1,280.1-million market by 2019, according to a 216-page report on the subject.

The report said that as of this year, Europe is the largest feed enzymes market, adding that the RoW market for feed enzymes is projected to grow at the highest CAGR [compound annual growth rate] 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.

The report defines the feed enzymes market and segments it into different types, livestock, and geographies with analyses and projections of the market size of each of these segments in terms of value.

The report also includes the marketing and development strategies, together with the product portfolio of leading companies such as BASF SE and Associated British Foods Plc.