Soaring costs of natural feed products have emerged as a major reason for consumers to shift their focus towards the adoption of animal feed enzymes. This shift in demand pattern is predicted to propel the demand for animal feed enzymes in the future.
This market research report provides an in-depth understanding of the global market for animal feed enzymes, by presenting a comprehensive elaboration upon the trends, drivers, restraints, and demand and supply patterns of the market. The report segments the market on multiple levels and provides key recommendations and insights on both micro and macro levels. The study presents granular information on forecasts and estimates for key products in the animal feed enzyme market. Additionally, the report provides similarly detailed information for the prime regional markets for animal feed enzymes.
This study evaluates numerous factors responsible for driving as well as restraining the growth of the market for global animal feed enzymes in the past. Moving further, the report evaluates the effect of each restraint and driver on the growth of the market, which act as the foundation for market forecasts. In addition, the various opportunities that are available in the market and could emerge as future drivers for the growth of the market for animal feed enzymes are also described in this report.
Overview of the Animal Feed Enzymes Market
Feed enzymes are artificial feed additives added for supporting animal growth and for controlling infectious diseases prevalent in animals. Feed enzymes assist in raising the rate of biochemical reactions that supports the animal’s life. They are useful in the extraction of extra nutrients from the animal feed and helps reduction of animal waste, which reduces the amount of nitrogen and phosphorus in animal excreta, which has a protective effect on the environment. The latter factor has taken on a prominent position, since commercial production of animal materials is more taxing on the earth’s natural resources than farming.
Animal feed enzymes have been categorized as proteases, carbohydrates, and phytase. Amongst these, phytase dominated the total animal feed enzymes market by representing a share of 50%.
On the basis of geography, the market is segmented into four regions, namely Europe, Asia Pacific, North America, and Rest of the World (RoW).
The worldwide animal feed enzymes market has witnessed exponential growth in the last ten years and is predicted to expand swiftly in the coming few years, primarily because of increased consumption of meat globally due to a shift in the lifestyles of consumers. Additionally, rising concerns about the outbreak of diseases in animals, rising disposable incomes in emerging countries, rising awareness on the safety and quality of meat, and rise in number of hypermarkets and supermarkets, which has increased retail demand for meat, have been the key factors stimulating the animal feed enzymes market. Nonetheless, the huge cost of feed enzymes due to the rise in the cost of raw materials is acting as a key restraint hindering the growth of this market.
Key players in the Animal Feed Enzymes Market
BASF, Danisco Animal Nutrition, Adisseo, Alltech, Novozymes, Beldem, AB Vista, and Kemin are among the major players in the global animal feed enzyme market.
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