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2021
Fungal Amylase Market

Fungal Amylase Market by Product (Food Grade, Feed Grade, and Industrial Grade), Application (Food & Beverage Industry, Textile Industry, and Animal Feed Industry), and Form (Dry and Liquid): Global Opportunity Analysis and Industry Forecast, 2021–2030

A13518
Pages: NA
Dec 2021 | 124 Views
   
Author(s) : Roshan Deshmukh
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Charts: NA
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Fermentation, ultrafiltration, and Aspergillus sp. are used to make the fungus amylase enzyme. It is frequently utilized in the animal feed business as an alpha amylase enzyme to promote starch digestion in cattle. The need for fungal amylase has increased since it improves digestive efficiency and operates best in an acidic environment, making it useful in digestive problems. Animal feed additions, commercial starch modification, cleaning chemicals, fermentation pretreatment, and textile processing, all use fungal amylase. By hydrolyzing the starch in feed to create dextrin and sugars, fungal amylase can compensate the endogenous amylase deficit of young animals and increase feed consumption. The industry's growth is predicted to be fueled by the multifunctionality of fungal amylase.

Market Scope and Structure Analysis

Report Metric

Details

Market Size Available for Years

  2020–2030

  Base Year Considered

  2020

  Forecast Period

  2021–2030

  Forecast Unit 

  Value (USD)

  Regions Covered

  North America, Europe, Asia-Pacific, and LAMEA

  Segments Covered

  Product, Application, Form, and Region

  Companies Covered

DrFormulas, LALLEMAND Inc., BIO-CAT Company, Gusmer EnterprisesInc., Worthington Biochemical Corporation., American BiosystemsInc., Prozomix Ltd., Tokyo Chemical Industry Co.Ltd

 

COVID-19 Impact Analysis

  • COVID-19 virus began to spread over the world in the first half of 2020, infecting millions of people globally, prompting major countries around the world to impose foot prohibitions and work stoppage orders. Most industries were severely hit, with the exception of medical supplies and life support products. Fungal Amylase industry was even severely impacted.
  • The COVID-19 outbreak has wreaked havoc on the supply chain, with enterprises reporting severe delays in procuring the raw ingredients they need. This has made inventory management extremely challenging for producers.
  • The lockdown limits imposed by COVID-19, along with a staffing deficit, resulted in a decrease in Fungal Amylase output and sales.

Top Impacting Factors

  • The market for fungal amylase is expected to develop due to rise in demand for feed enzymes in chicken nutrition.
  • Despite the growth in vegan population, the cattle industry has evolved at a rapid pace in recent years. Consumers have become more cognizant of pet health and nutritional needs, necessitating the use of feed additives like fungal amylase.
  • Fungal amylase is a type of stimulant that helps with a variety of functions, including increase in the rate of sight gain in pets, vitamin intake, disease prevention, conservation, and digestion, all of which contribute to better meat quality. As a result of these factors, the amylase fungal market is predicted to grow significantly.

Market Trends

The Growth of the Fungal Amylase Market would be Fueled by Rise in Demand for Feed Enzymes in Poultry Nutrition

Despite the rise in vegan population, the livestock industry has continued to expand in recent years. Consumer awareness regarding animal health and nutritional demands has grown, which drives the demand for feed additives like fungal amylase. Fungal amylase is known as a catalyst that aids in a variety of functions, including gain in animal weight, vitamin intake, disease prevention, conservation, and digestion, all of which lead to higher meat quality. As a result of these factors, the amylase fungal market is expected to grow significantly.

Animal feed enzyme technology is being used by major participants in the animal feed business to improve the nutritional content of feed ingredients while lowering feed costs. Key competitors in the fungal amylase market are developing specialized combinations of flexible nutrients to fulfill diverse end-use and application needs, as demand for feed enzymes in poultry and ruminant nutrition grows. As a successful strategy for the fungal amylase market, it is likely to increase in the upcoming years.

Various Opportunities for Key Market Players

In industrialized and emerging nations, the global market for fungal amylase is concentrated and highly integrated. To expand their consumer base, key players in the worldwide fungal amylase market focus on product releases. These product introductions are the result of a large investment in sophisticated R&D facilities by fungal amylase producers. The growth in global population, particularly in Asia-Pacific, is anticipated to drive demand for animal feed, posing substantial difficulties for food quality and supply in the future years. The constant rise in packaged meat consumption, as well as the advent of significant trends such as ready-to-eat meals, would necessitate the installation of severe quality control procedures.

Through the provision of improved feed enzymes, key players in the fungal amylase market have currently targeted rise in animal feed supplement demands for various species. The players concentrate on specific categories, such as poultry, cattle, or dogs, and produce fungal amylase that achieves the best results. Furthermore, manufacturers concentrate on the improvement of thermo-stability, effective administration, and potency of fungal amylase. This is projected to continue to be a major driver for fungal amylase sales during the forecast period.

Key Segments Covered

Product

  • Food Grade
  • Feed Grade
  • Industrial Grade

Application

  • Food and Beverage Industry
  • Textile Industry
  • Animal Feed Industry

Form

  • Dry
  • Liquid

Region

  • North America 
    • U.S.
    • Canada
    • Mexico
  • Europe 
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific 
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA 
    • Latin America
    • Middle East
    • Africa

Key Benefits of the Report

  • This study presents the analytical depiction of the fungal amylase industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the fungal amylase market share.
  • The current market is quantitatively analyzed from 2020 to 2028 to highlight the growth scenario of the fungal amylase market.
  • Porter’s five forces analysis illustrates the potency of buyers and suppliers in the market.
  • The report provides a detailed fungal amylase market analysis based on competitive intensity and how the competition will take shape in coming years

Questions Answered in the Fungal Amylase Market Research Report

  • Which are the leading players active in the fungal amylase market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
  • What is fungal amylase market prediction in the future?
  • Which will be the niches at which players profiling with recent advancements should set a presence?
  • What are the driving factors and opportunities in the market?
  • What are the current trends and predicted trends?
  • What are the challenges faced in the fungal amylase market?
 
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