Africa Feed Enzymes Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

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Enzymes are naturally formed and secreted in the animal body to digest carbohydrates, lipids, proteins and mineral complexes. Commercial enzymes which are termed as exogenous enzymes, are used to enhance the natural process of digestion. The feed enzymes market in Africa region is expected to grow at a CAGR of 3.8% during 2018 - 2023 forecast period to reach the value of USD 38.7 million by 2023.

The livestock industry in this region is not advanced and the farmers follow traditional methods of farming. With growth in meat processing industry, the adoption of intensive farming system has increased, creating market for compound feed and additives industry. The feed enzymes market is largely untapped and unorganized. The rising awareness among the farmers about the benefits of compound feed and feed enzymes makes this region a potential market for key players. However, highly unregulated market structure and unavailability of raw material pose a  potential threat to the industry.

The major countries in this region are South Africa, Egypt, Libya, Nigeria, etc. South Africa is the major market in the region and accounts for more than 40% of the market share. The market in South Africa is expected to grow with the increased consumption of meat and meat products. The consumption of feed enzymes is expected to grow gradually in other countries.

African feed enzymes market is led by many large global players. Presently, there are many active players in this industry such as Alltech Inc., BASF, Chr. Hansen Holding A/S, Danisco A/S and others. Leading companies are focused on acquiring small scale enzyme manufacturing units for expansion of their feed enzymes business in local as well as foreign market.

Key Deliverables in the Study

  • Market analysis for the Africa feed enzymes market, with region-specific assessments and competition analysis on global and regional scales.
  • Market definition along with the identification of key drivers and restraints.
  • Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies that can influence this market on a global and regional scale.
  • Extensively researched competitive landscape section with profiles of major companies along with their market share.
  • Identification and analysis of the macro and micro factors that affect the Africa feed enzymes market on both global and regional scales.
  • A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
  • A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
  • Insights on the major countries/regions in which this industry is booming and to also identify the regions that are still untapped.

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