Skin Lightening Products Market In-Depth Analysis And Future Growth Report 2025

The global skin lightening products market size is estimated to reach USD 13.7 billion, by 2025, and is projected to grow at a CAGR of 7.4% from 2019 to 2025. The increasing consumer preference towards enhanced skin beauty products is a key factoring contributing to the market growth. In addition, the growing demand for skin care solutions for eliminating blemishes, acne spots and even tone skin is anticipated to foster the demand for the product.

The lightening products help to treat problems such as pigmentation, blemishes, and skin acne. Moreover, the increasing trend of faired skin especially in African and Asian countries is proliferating demand for beauty & cosmetics products. Manufacturers also redefine their product categories based on the regional requirements. For example, skin products in countries such as China, Japan, and the Philippines are primarily associated with fair skin, and whitening skin.

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Increasing favouritism towards fair-skinned individuals especially in Middle Eastern and Asian countries has influenced the male consumers to look for these skin lightening products. For example, Oriflame Cosmetics has introduced the men’s fairness creams.

The creams segment held the largest market share of over 50%, in 2018. The manufacturers focus on developing advanced creams to offer highly efficient products to meet customer needs. Whitenicious has launched the cream called X Blac illuminating and lightening cream, in 2018. These new product innovations are expected to increase the demand for skincare products.

The natural segment is projected to grow at a significant CAGR of around 8.1% over the forecasted period. These products are produced using fruit ingredients and plant extracts for skincare treatment. For instance, Helpful cosmetics ltd, launched natural moisturizer, and face wash, in 2017.

Asia Pacific region is expected to grow at the highest CAGR during the forecasted period. The increasing preference of consumers towards lightening and brightening products is proliferating skin lightening products market growth.

Further key findings from the report suggest:

• Cleanser products segment is anticipated to exceed at the CAGR of around 8.0% from 2019 to 2025.

• Based on the nature, synthetic type segment held the highest market share of 88.1% in 2018.

• Asia Pacific led the market with market share of over 50.0% in 2018 and is projected to continue its growth over the coming few years.

Global Skin Lightening Products Market: Key Players

L’Oréal S.A., Procter & Gamble Company, Beiersdorf AG, Himalaya Global Holdings Limited, Shiseido Company, Unilever PLC, Kanebo Cosmetics Inc., and VLCC Health Care Limited.

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Next Generation OSS & BSS Market Key Players and Growth Information Analysis Report by 2025

The global Next Generation OSS & BSS market size is anticipated to reach USD 58.41 billion by the end of 2025. This growth can be associated with rising preference for real-time billing among the CSPs (Communication Service Providers) and the millennial population. Moreover, usage of these solutions for transforming the business operations of CSPs is expected to fuel the market growth in the upcoming years.

The revenue management segment held the largest share of around 31.93% and generated USD 9.51 billion in 2016 due to increasing focus on services like settlement, and revenue generation through billing and charging. The customer management segment is anticipated to register the highest growth rate with a CAGR of 10.3% from 2017 to 2025.

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The mobile segment held the largest share across the global market in 2016 and is expected to grow with a CAGR of more than 9.4% from 2017 to 2025. This growth can be associated with the changes occurring in CSP’s owing to extensive mobile data usage. In addition, rising influence of smartphones as a primary internet usage device is expected to positively impact market growth.

In 2016, North America held the largest share of 34.09% and generated USD 10.16 Billion across the global market due to rising usage of smartphones for internet handling purposes among the millennial population. Asia Pacific is anticipated to register the fastest growth with a CAGR of around 9.5% from 2017 to 2025 owing to the 4G technology penetration across countries like Japan and South Korea.

The Next Generation OSS and BSS market includes key players such as Amdocs, Inc., Accenture plc, and CSG System International, Inc. They are providing a wide variety of services like network management system, service fulfillment and assurance enabled CSP’s for generating various revenue streams. Moreover, continuous development and innovation are expected to drive market growth in the upcoming years.

COVID-19 Impact Insights

The ongoing COVID-19 pandemic has boosted the growth of next generation OSS & BSS market across the globe. The need for ensuring contactless services and maintains social distancing is expected to trigger the market growth. Also, implementation of work from home policies and online education has surged the usage of internet and other connected devices, thereby propelling the need to use OSS and BSS platforms and services for data management. Moreover, rapid technological developments and deployment of cloud, data analytics, and big data technologies for expansion of business are estimated to trigger the market growth for OSS & BSS solutions over the post-pandemic period.

Further key findings from the report suggest:

• The mobile network segment held the largest share across the global market and generated revenue of USD 10.02 billion in 2016.

• The revenue management architecture segment held the largest share across the global market and is expected to generate revenue of USD 16.12 Billion till 2025.

• The customer management segment is anticipated to register the highest CAGR of 10.3% during the forecasted years.

• North America held the largest share of around 34.09% across the global market while Asia Pacific is expected to register the fastest growth with 9.5% of CAGR from 2017 to 2025.

Global Next Generation OSS And BSS Market: Key Players

Amdocs, Inc., Accenture plc, CSG System International, Inc., and Capgemini SE.

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Civil Engineering Market Latest Trends, Potential Effect on Upcoming Future Growth By 2027

The global civil engineering market size is projected to touch USD 13.35 trillion by the year 2027. It is anticipated to grow at a CAGR of 5.4%through the forecast period of 2020-2027. Increasing public-private partnership to promote the investment in infrastructural development in developing nations is anticipated to boost the market growth.

Increasing adaptation of improved digital technologies is projected to have a positive influence on imperishable development of civil engineering value chain all around the world. These trends are anticipated to proliferate the nexus of players in the value chain of construction and promote digital conversion process, thereby, propelling the market growth.

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Many market players are concentrating on using green building materials because of increasing importance of environment friendly products and preservation of energy. Thus, the deflection of the construction segment from using ordinary construction materials to sustainable products, is anticipated to increase the significance of civil engineering for efficiently completing construction projects.

The government, public-private partnerships and private contractors are the primary buyers of services provided by the civil engineering industry for developing commercial and residential projects, industrial facilities and infrastructure projects. Rapid increase in the standard of services provided and imposition of regulatory measures in major economies is projected to have a positive impact on the growth of the civil engineering market.

Further key findings from the report suggest:

• Planning & Design segment is anticipated to grow at a CAGR of 6.1% over the forecast period because of significant rise in construction activities involving huge investments for cost-effective and efficient operations.

• Real estate segment dominated the civil engineering market with 41.9% in 2019 owing to increasing demand for multistoried apartments and single family dwellings for rapidly increasing population.

• The revenue generated from the government sector accounted for USD 3.63 trillion in 2019 and is anticipated to grow at a CAGR of 5.3% in the forecast period owing to increasing government investments in infrastructure in developing countries.

• Asia Pacific dominated the market with 32.5% of share in the total revenue in 2019 and is expected to steadily grow over the forecast period due to rapidly expanding real estate segment in developing countries like China and India.

Global Civil Engineering Market: Key Players

Amec Foster Wheeler plc; SNC-Lavalin; Jacobs Engineering Group, Inc.; AECOM; United States Army Corps of Engineers; and Galfar Engineering & Contracting SAOG. Amec Foster Wheeler plc; SNC-Lavalin; Jacobs Engineering Group, Inc.; AECOM; United States Army Corps of Engineers; and Galfar Engineering & Contracting SAOG.

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Chemical Vapor Deposition Market Segmentation & Competitive Landscape Report to 2025

The global chemical vapor deposition (CVD) market size is projected to value USD 48.01 billion by 2025. The rising demand among the semiconductor industry has contributed significantly to market growth. Moreover, rising awareness relating to the advantages provided by these products coupled with consumer trends for durable and modern electronic devices has led to the rising adoption of CVD coating in different applications.

CVD technology is used for manufacturing high-performance materials mostly to produce thin films required in the semiconductor industry. The procedure for the same involves the contact between substrate/ wafer and a volatile precursor, the reaction of which forms various kinds of deposits like pyrolytic coating, or hard coatings.

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Generally, the CVD coatings disclose high adherence to glass surfaces and are placed at heating temperatures. In the process, the volatile precursors include hydride (GeG4, ammonia, and SiH4), metal-organic compounds (alkoxides/ diketonates/dialylamides/carbonyls, metal alkyls), halides (TaCl5, TiCl4, WF6), and complexes and ligands.

The market players are currently emphasizing at creating solutions for hybrid thin organic-inorganic deposition films to minimize the production costs thus, boosting the semiconductor industry. This rising trend has resulted in an extensive distribution of titanium compounds abiding by environmental regulations.

CVD equipment accounted for the largest market share in 2016 and is predicted to continue with its average growth rate during the forecast period due to better standards of deposition films acquired from the equipment. CVD services accounted for the fastest-growing segment due to technological up gradations like plasma intensified process, combustion and hot-wire based.

Further key findings from the report suggest:

• The size of the global CVD market was worth USD 20.8 billion in 2016 and is predicted to register a CAGR of 9.8% over the forecast period.

• The microelectronics application segment held the largest share with a value above 17.90 billion by 2025.

• Asia Pacific held the largest regional market in 2016 and is expected to maintain its position over the forecast period due to the rapid developments from industries among the key economies.

• The technology requirement in the solar items (solar cells and PV modules) segment valued at over USD 390 million in 2016.

• The technologies are differentiated based on physical characteristics and operating pressure of plasma and vapor intensified chemical vapor deposition (CVD).

Global Chemical Vapor Deposition Market: Key Players

Ulvac, Inc., Veeco Instruments, Inc., IHI Corporation, Applied Materials Inc., Adeka Corporation dominates, and Tokyo Electron Limited.

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Aerospace Parts Manufacturing Market Size and Investment Feasibility Analysis Report 2025

The global aerospace parts manufacturing market size is projected to value at USD 1.25 trillion by 2027, with a CAGR of 4.1% from 2020 to 2027. Rising freight traffic and passengers in developing countries are accelerating the demand for advanced aircraft, which is predicted to drive market growth.

Most of the aerospace manufacturing units are connected through the value chain and are active in the manufacturing process. The companies have supplier contracts for the supply of these parts along with in-house production services. The companies are further engaged in the procurement of raw material and quality control and designing of the parts provided by other suppliers.

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This industry is predominantly focused in Europe and North America due to the large-scale existence of eminent aircraft companies. India and China are anticipated to emerge as potential markets in the upcoming years due to the widespread growth of export and aircraft part manufacturing activities. The world trade in sub-assemblies and components has gone up by around 25% in the last ten years. However, the industry is still concentrated with the top 3 economies such as U.S., France, and Germany with a share of above 60% of the overall aircraft manufacturing.

The aerospace parts manufacturing market has witnessed a rising trend of integration of eminent players engaging in joint ventures. The strategy is expected to provide sustainability to companies and combat higher competition based on technological advancements, reduced failure-risk, and geographical expansion. It further supports the company’s easy market access for acquiring long-term contracts.

Further key findings from the report suggest:

• Aerostructure held the largest market with a share of 52.2% based on global revenue due to higher rates of replacement of aluminum with airframe structures and composites.

• The commercial aircraft is expected to register a CAGR of 4.6% from 2020 to 2027 due to changes mandated in the aircraft structure to lower the carbon effluents through its replacement with lightweight materials.

• Asia Pacific was worth USD 149.6 billion in 2019. The region is predicted to account for the highest CAGR due to the booming aviation industry in the region, accelerating the demand for MRO services, thus, creating a positive impact on the aerospace parts manufacturing industry.

• The aerospace parts manufacturing market has firm manufacturing criteria, certification, and safety regulations that control the entry of new players.

• The growing manufacturers in Asia providing low-cost advanced solutions to the users are anticipated to give a tough competition to the eminent players in Europe and North America resulting in competition disruption in the industry.

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Colorants Market Size, Share, Emerging Trends, Analysis and Forecasts 2025

 Industry Insights

The global colorants market was estimated at 2,025 kilo tons in the year 2015. Natural colorants are extracted from different sources including agricultural, biological, minerals and others. It is anticipated to witness a significant growth due to rising demand for pigments & dyes from various end-use applications majorly including textiles, food & beverages, and plastics.

Colorants are defined as a substance that is used alone or in combination with other ingredients to impart color in the product by altering its chemical and physical properties. The market has experienced immense growth in countries such as India, China, U.S., Canada, and Germany over the past few years due to the increasing awareness towards consumption of natural ingredients.

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This Research Report Answers the Following Questions:

• How Colorants market will grow in the coming year?

• Will the COVID-19 pandemic surge the demand for such platforms?

• How are key companies planning to promote benefits of Colorants?

• What are the industry growth drivers, obstacles, and dynamics?

• Which segment is expected to lead in the coming years?

The key driving factors such as increasing consumer preferences for attractive product packaging, and fashionable clothing trends, especially in U.S. are expected to spur the coloring agents demand over the forecast period. The North American market is dominated by U.S., owing to the high demand of pigment & dye product. The regional market is further influenced by numerous factors including a rise in paints demand and technological advancements.

Moreover, dyes & pigments are the natural or synthetic substances, which provides hiding power, color and precise physical attributes to a final product. They also support in enhancing durability and corrosion resistance characteristics to end-use products. Color additives are the key components that are utilized in manufacturing several finished products, by improving its physical properties to make them attractive, appetizing, and appealing for its customers.

Application Insights

The textile dominated the application sector and is anticipated to grow at a CAGR of more than 3.5% in the coming years. Increasing consumer spending on garments and clothing is expected to boost the market growth over the forecast period. In addition, increasing drift towards consuming eco-friendly products is triggering the use of dyes in the textile industry, which in turn has led to an increase in the overall coloring agents’ sales.

Growing usage of colors in beverages and sugar products such as sweets, chocolates, and ice creams is also anticipated to propel the product demand and was valued at above 250 kilo tons in 2025. Rising consumption of carmine, caramel, and annatto in personal care and food & beverage applications due to its eco-friendly nature is expected to open new opportunity avenues for market expansion.

Printing application segment was estimated to be around USD 1.8 billion in 2015, owing to increased usage of ink and printing colors in ceramics, wall coverings, fabrics, plastics, glass, metals, paper, and others. Moreover, due to inherent features of inkjet such as water and light fastness and resilience towards bleeding & heat, it is used in several end-use industries including leather, paper, plastics, textiles, constructions, coatings & paintings.

Colorants are a significant part of several products, making them informative and appealing. Consumers can identify a particular product with its respective function because of the unique color code offered by the colorants. This trend is widely adopted in candy flavors, packaging, and therapeutic dosages. Trading of such colorants products is controlled by global regulatory bodies including the U.S. Food and Drug Administration (FDA) and the European Union.

Regional Insight

On the basis of region, the global colorants market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and Central & South America. Europe emerged as a leading consumer accounting for more than 35% of the revenue in 2015. Growing inclination for naturally derived color additives along with the favorable regulatory norms is predicted to steer the market growth in personal care, textile, and food segment over the forecast period.

Rising architectural coatings and printing inks demand in North America are anticipated to boost the market growth in the next eight years. The demand for dyes & pigments was recorded over 550-kilo tons and is estimated to witness highest growth rate during the forecast period.

The Asia-Pacific market was worth USD 5,500 million in 2015. Increasing utilization of color additives in emerging economies such as China, India, and Japan from end-use industries such as paper, textiles, coatings and plastics are contributing towards the regional growth.

Competitive Insights

The key players in the colorants market include ROHA JTT group, Teknor Apex Company, Pylam Products, T.H Glennon, DD Williamsom, San-Ei Gen F.F.I., Inc., Symrise AG, GNT Group, Lanxess AG, Clariant International, Penn Color, Polyone, Jagson Colorchem Limited, Sensient Technologies Corporation, Sethness Products Company, Chr. Hansen Holding. The coloarnts producers are involved in sustaining healthy supply and distribution chain across the globe to increase its market presence.

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Coiled Tubing (CT) Market Production and Revenue Analysis Report 2025

 Industry Insights

The global coiled tubing (CT) market in 2016 was valued at USD 3.25 billion. Rise in intervention, exploration, & production activities will boost the global market over the forecast period. Oil and gas being the primary energy resource for automobile sector, power, and other activities the demand in energy cannot see a major dip.

Initially the technology was innovated for new and live well only but with growth of demand, the application was used for the production of depleted gas wells. The reuse of oil wells after maturity and rise in oil extraction operational cost are key factors that will drive the market. Shorter rig-up time make coiled tubing even make more attractive for drilling and work over applications.

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This Research Report Answers the Following Questions:

• How Coiled tubing (CT) market will grow in the coming year?

• Will the COVID-19 pandemic surge the demand for such platforms?

• How are key companies planning to promote benefits of Coiled tubing (CT)?

• What are the industry growth drivers, obstacles, and dynamics?

• Which segment is expected to lead in the coming years?

Coiled tubing is a complete set of steel pipe and surface equipment’s that include reel, injector head, control cabin and power pack. With the development in exploring other unconventional resources the growth of market can be achieved. With decline of oil and gas well due to continuous use to fulfill the energy needs of human race make it a potential market to grow over eight years.

The rigorous pressure imposed by the government of most country in line with exploration and extraction of oil and gas on various regulations related to unconventional and conventional resource is generally given to the exploration & production companies. The drafting guideline i.e. DRAFT IRP 21 (2016) has backed up the technology for operations using coiled tubing.

Services Insights

The major segment is accounted by well intervention due to difficulty in finding new oil and gas well in the year of 2016 in terms of revenue. This service is sub divided into completion, cleaning, maintenance and other activities related to well (which includes pre, during and post operations). These entire services are catered by the segment during the entire life cycle of the well. Earlier it was established as a cost-effective well cleanout tool. Three quarters of total coiled tubing revenue comes from conventional wellbore cleanouts and acid stimulation. Most recently, fracturing the rock bed and drill applications have emerged as two rapid market gainer.

Operation Insights

The pumping operation include filling and removal of sand, fracturing the rock bed by pressurizing or acidizing, slurry pumping, removal of harmful gases from the bore, plugging of well bore. This segment from 2017 to 2025 is expected to grow at a CAGR of 5.2%.

Other major operations include liquefication, logging, and perforation. Among this circulation is the most commonly used operations.

Application Insights

The use of CT has grown beyond cleanout and simulator of acid. This growth is driven by technology and material advancement. The growth applications are drilling, fracturing, subsea, deeper wells and flow line. Other traditional applications are well cleanouts, well unloading, stimulation, velocity strings and fishing.

Because of functioning even in the harsh and extreme conditions such as in offshore this segment lead with 45% of the overall market. Offshore applications the one at Northern Sea. Common offshore applications include well interventions or production for extending well life.

CT is mostly used in chemical wash in subsea operations, which is done by pouring down the chemicals to the bottom. In data transmission also it is replacing wireline and electrical cables.

Regional Insights

Countries of APAC such as China, India, Australia and Indonesia with the dual factor of investment and presence of reservoirs can make it as a potential market. The demand of resource in North American region lead the market by 42% in terms of revenue. Canada and the U.S. together have the highest market share.

The resources such as skilled manpower, and use latest technologies & equipment has driven the North America. Coiled tubing industry is anticipated to show a significant growth in countries such as Argentina Russia, Algeria, and Poland over the forecast period.

Competitive Insights

Presence of some major giants such as Baker Hughes Schlumberger, Archer Limited, Halliburton, Calfrac Well Services Ltd, Superior Energy Services Inc., Weatherford International Inc ,Trican Well Service Ltd., Cudd Energy Services and C&J Energy Services, Inc. has consolidated the global market. The presence and their participation in value chain of the makes them a key player in the field of energy.

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Anti-Counterfeiting Packaging Market Manufacturing Cost Analysis Report by 2025

 Industry insights:

The global market for anti-counterfeiting packaging was accounted over USD 80.14 Billion in 2015. Pharmaceutical companies across the globe adopted this packaging is anticipated to witness growth over the forecast period. Increasing the awareness of consumers about an injurious reaction of spurious goods is also likely to drive demand.

Anti-counterfeiting Packaging is a process of allocating secured packaging to the product. There is increasing the supply of duplicate products which results in diluting the brand identity which is a high concern for the manufacturers this packaging can witness the demand over next 9 years.

This Research Report Answers the Following Questions:

• How Anti-counterfeiting packaging  market will grow in the coming year?

• Will the COVID-19 pandemic surge the demand for such platforms?

• How are key companies planning to promote benefits of Anti-counterfeiting packaging ?

• What are the industry growth drivers, obstacles, and dynamics?

• Which segment is expected to lead in the coming years?

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The impact of unhealthy lifestyle results in the increase in health issues drives pharmaceutical manufacturers in U.S. witnessed a high demand over the forecast period. High cost involved in implementing the anti-counterfeiting packaging to restrain the growth of this market.

Manufacturers over the world are taking efforts to cut short the losses induced while manufacturing of counterfeit products is likely to promote industry growth. Product authentication techniques in FMCG products are expected to register high growth. North America and Europe are taking efforts to defend the harm occurring because of spurious products.

Product insights:

Because of a low price of secure packaging usage of covert packaging in the food industry and clothing & apparels witnessed to grow. Covert anti-counterfeiting packaging techniques are projected to grow at a CAGR of over 8% from 2016 to 2025. Asia Pacific economies adopted covert techniques is projected to grow the demand.

Anti-counterfeiting Packaging is used for preventing sensitive, vulnerable products and in security labels is projected to witness growth over the forecast period.

The demand for tracing technologies and RFID track is projected to record a CAGR of over 10% from 2016 to 2025 because of tracking features and superior product security adopted by the technology. RFID makes use of electromagnetic fields to automatically spot out and track tags attached to products. The tags have electronically stored information.

Application Insights:

High concerns about harmful side effects of spurious drugs and brand image are protected using the use of anti-counterfeiting packaging in pharmaceutical products which will witness high growth over the forecast period.

Machine readable codes and Barcodes for food & beverage products and product security are expected to grow over the forecast period.

Regional Insights:

Asia Pacific market is projected to drive rapidly because of increasing worries concerning the damages took place due to the manufacturing of forged products.

The demand is expected to grow due to large a number of pharmaceutical manufacturer’s existence. CAGR projected is of 12% from 2016 to 2025. Manufacturers in China adopted the product security technology.

Competitive Insights:

The key players in anti-counterfeiting packaging market are Avery Dennison, CCL Industries Inc., 3M Company, Zebra Technologies Corporation, SICPA Holding SA etc. Industry witnesses a number of acquisitions and mergers to increase the company’s revenues and emphasizes on R&D for advanced technology production.

Companies differentiated products from the competitor’s products posess patent to reduce the risk of product poaching. Industry is subject to have a high rivalry over companies operating high-profit margins. Industry shows integration throughout the value chain from production and development of security products and technologies to distribution. Companies undertake joint ventures for the production of advanced technology solutions to grow over the forecast period.

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Animal Feed Enzymes Market Gross Margin Analysis Report by 2025

 Industry Insights

The global animal feed enzymes market was estimated at USD 1.16 billion in 2015. Enzymes are particles, which are utilized as catalysts in various chemical and biochemical reactions. These products are used as processing additives in the manufacturing of animal foodstuffs.

The products can endure high pelleting temperatures and varying acidic pH conditions. Moreover, these catalytic substances are also used to minimize the viscous nature of non-starch polysaccharides, which are naturally found in animal fodder, and helps in improving the digestion rate of animals. The feed enzymes demand is driven by their growing consumption in processing of pig and poultry fodder.

U.S. is one of the major consumers of feed ingredients such as emulsifiers, enzymes and vitamins. Existence of stringent food safety regulations on the usage of additives as well as strong livestock production are likely to boost the product consumption over the years ahead..

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Key Questions Answered :-

• What are the sales or revenue produced by Animal Feed Enzymes products beyond all sectors during the forecast period?
• What are the key trends in the Animal Feed Enzymes market?
• What are the leading drivers, limitations, and probabilities in the industry?
• Which segment will gain the highest revenue worldwide and which product segment will expand at the fastest CAGR during the forecast period?
• In which region the Animal Feed Enzymes market to project lucrative CAGR during the forecast period? 

Currently ongoing trend of clean label ingredients in the U.S. that permit the use of additives used in food processing is likely to upsurge the requirement of microbial and natural feed enzymes in the future. Companies such as Advanced Enzymes Technologies Ltd. are engaged in manufacturing and supplying an extensive product portfolio of carbohydrases and proteases under DigeGrain brand.

Robust development of the animal fodder industry and increasing breeding and livestock farming activities in India, China and Brazil is estimated to foster the market growth in the future. Substantial production activities of various livestock sectors including pigs, ruminant, aqua and poultry are likely to surge the requirement of dietary ingredients, which help in boosting the metabolism of livestock while keeping the nutritional and calorific content of the fodder unaltered.

Formulation Insights

Feed enzymes are available in liquid and dry commercial formulations in the global industry. Dry formulation accounted for a dominant share in the industry in 2015.

Higher preference for dry formulations is given over the liquid-based additives, due to various factors that include good thermal stability, increased enzyme activity and ease of handling. Dry formulations are generally available in pellet and powdered grades in the industry. This category is expected to witness high penetration in poultry and ruminant applications during the forecast period.

Application Insights

Enzymes are used in livestock fodder for various livestock categories including pigs, poultry, ruminant, pets, equine and aqua. Poultry held the highest market share, constituting 43.9% of the total industry in 2015. Enzymes help to enhance the nutritional value of poultry foodstuffs, minimize the quantity of anti-nutritive elements and promote weight gain among livestock.

The use of these products in the ruminant and pig feed sectors is likely to boost their consumption rate, as they improve animal health, amplify the utilization of nutrients, and digestibility.

Regional Insights

Europe was the largest consumer accounting for 32.2% share in 2015. Key countries in the region including Spain are likely to witness significant market growth in the coming years. At present, Spain and Germany are a few of the highest producers of livestock in the region.

North America held the second-largest share, followed by Asia Pacific. Existence of a well-established end-user industry and a channelized distribution network, are the major supporting factors of the industry in North America. Eastern European countries, including Russia, are likely to witness a fast-paced growth on account of rising pork consumption and livestock production.

Asia Pacific is likely to illustrate fastest growth, owing to the socio-economic factors such as increasing meat consumption in India, China and other Southeast Asian countries. Moreover, there is a rising awareness of livestock diseases, which has led to the implementation of harmless animal nutrition practices in these countries. This in turn is expected to drive the demand for various animal feed products in the region.

Competitive Insights

The key participants in the industry are Danisco A/S, Novozymes, BASF SE, ENMEX S.A. de C.V., Royal DSM N.V., Advanced Enzymes, Elanco, Adisseo, Beldem S.A., AB Vista and BioResource International.

Companies are strengthening their presence by focusing on research & development, production capacity expansion, new product launches, acquisitions and joint ventures. For example, BASF SE introduced Natuphos E, a new enzyme in India to serve the growing product requirements from the livestock fodder market in the country.

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