Feed & Additive Magazine Issue 22 November 2022

MARKET REPORT FEED & ADDITIVE MAGAZINE November 2022 83 ents. They not only aid in digestion, but also improve the nutrient content of the feed, which results in better energy and nutrient utilization. Providing enzyme supplement to the livestock helps to produce more meat and milk products per animal at a very low cost and also improve the overall health of the livestock for the long term and reduce the mortality rate. These increases the profit margin of farmers. Also, enzymes help to minimize environmental pollution by reducing waste, as well as feed management costs, by improving the digestive health of the animals. MARKET GROWTH EXPECTATIONS We compared the reports of 6 different research companies to determine the current size and growth prospects of the global feed enzymes market. While growth expectations are similar on a percentage basis, forecasts for market size in 2022, and therefore the results of growth-related expectations differ widely. For example; according to the Feed Enzymes Market Research report prepared by Market Research Future, global feed enzymes market is expected to reach US$ 3.80 billion at a CAGR 5.78% during the forecast period 2022-2030. Based on the data here, we can say that the market has a size of US$ 2.36 billion in 2022 and will reach US$ 4.25 billion by 2032. In Future Market Insights' report titled Feed Enzymes Market, the market size is estimated to account for US$ 1.8 billion in 2022 and is projected to reach US$ 2.3 billion by 2032, recording a CAGR of 8.1% during the forecast period. However, based on the current market size in 2022 and CAGR of 8.1 stated in the report, the market should reach US$ 3.92 billion in 2032. According to another report titled Feed Enzymes Market by Emergen Research, feed enzymes market size reached US$ 1.42 billion in 2021 and is expected to register a revenue CAGR of 8.1% during the 2021 – 2030 forecast period. Based on the data and the 8.1% CAGR in this report, we can say that the market size will reach US$ 3.34 billion in 2032. A similar market size is indicated in the report titled Global Feed Enzymes Market prepared by Verified Market Research. According to the report; global feed enzymes market size was valued at US$ 1.36 billion in 2022 and is projected to reach US$ 2.2 billion by 2030, growing at a CAGR of 8.2% from 2023 to 2030. The market size will reach US$ 2.99 billion in 2032 accordingly. The market is expected to grow from US$ 1.31 billion in 2019 to US$ 2.64 billion by 2027, at a CAGR of 9.2% during the forecast period 20202027, according to Feed Enzymes Market report of Fior Markets. Based on the data and the 9.2% CAGR in this report, we can say that the market size will reach US$ 4.1 billion in 2032. Finally, according to the Market Data Forecast's Global Feed Enzyme Market report, the global feed enzyme market was worth US$ 1.4 billion in 2021, and it is estimated to reach a valuation of US$ 1.5

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