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.
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Full Report with TOC:
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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.
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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.
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