Global Animal Feed Enzymes Market: Overview
Feed enzymes are artificial feed additives that help boost growth in livestock and arrest infectious maladies in them. They enhance the different chemical and biochemical reactions in animal body thereby making them physically fit. They can withstand acidic pH conditions and pelleting temperatures during feed processing operations. Additionally, feed enzymes lower the viscosity of non-starch polysaccharides in animal fodder to improve the digestion rate of animals. The different types of animal feed enzymes are carbohydrates, proteases, and phytase. Among them, phytase leads the global animal feed enzymes market with almost half the share in it.
A report by Transparency Market Research conveys essential information on the global market for animal feed enzymes. Those include a thorough peek into the current market dynamics and their impact on the growth of the market. It presents a qualitative analysis of the factors driving or deterring the market. The report also leverages market-leading analytical tools to uncover opportunities and threats awaiting players. It profiles the prominent players in the market by shedding light on their sales and revenues, products, and estimated trajectory.
Global Animal Feed Enzymes Market: Trends and Opportunities
The global market for animal feed enzymes is primarily driven by the demand from the poultry and pig fodder sectors. This is because of the massive jump in consumption of meat worldwide on account of the increasing disposable incomes of people and the proliferating supermarkets and hypermarkets. Animal feed enzymes not only up the nutrition quotient in animal fodder but also aid in lowering the amount of animal waste. This in turn helps to bring down the amount of nitrogen and phosphorus which is contained in animal excreta, thereby positively impacting the environment. This has also led to their swift uptake.
Yet another factor pushing demand for animal feed enzymes is the growing concerns about the outbreak of diseases in animals and the rising ranks of discerning consumers concerned about the quality of meat. The swift industrialization of the animal fodder industry along with the growing livestock farming and breeding activities, especially in the countries of India, Brazil, and China is expected to underpin growth too. A noticeable trend in the global market for animal feed enzymes is the increasing thrust on clean label when it comes to the ingredients used. This will likely generate demand for natural and microbial feed enzymes.
Countering the growth in the global market for animal feed enzymes is the rising concerns about the safety of animal feed. The Food and Drug Administration (FDA), U.S., has already put regulations in place to promote safety of animal feed, medicated feed, and pet food. The steep price of feed enzymes because of expensiveness of raw materials is also said to be deterring market growth.
Global Animal Feed Enzymes Market: Regional Outlook
Geographically, the key segments of the global market for animal feed enzymes are Europe, North America, Asia Pacific, and the Rest of the World. North America, powered by the U.S., is one of the key markets. This is because of the presence of a well-established livestock production industry in the U.S. Europe is another prominent market. In terms of growth rate, however, Asia Pacific is slated to overtake all other regions due to significant increase in milk and meat consumption in the region. China and India are major markets in Asia Pacific.
Companies Mentioned in Report
To present a detailed assessment of the competition prevailing in the global market for animal feed enzymes, the report profiles players such as Danisco Animal Nutrition, BASF, Beldem, Adisseo, Alltech, Novozymes, AB Vista, and Kemin.
Major regions analyzed under this research report are:
- North America
- Asia Pacific
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments