Feed
enzymes are substances that are not found naturally within feedstuff
and therefore have to be added in stored feeds for a number of
purposes. They are utilized to prevent infectious diseases in
animals, for improving feed digestibility, and promoting growth of
the animals. They augment the biochemical reactions that help in
improving the quality and nutritional value of animal feed. Hence,
feed enzymes play a significant role in animal growth and provide
adequate nutrition. The global feed enzymes market is rapidly
expanding, offering lucrative growth opportunities owing to rising
demand for meat products and milk from around the world.
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Increasing
Concerns of Disease Outbreaks in Livestock to Boost Feed Enzymes
Market
The
globally rising awareness on meat safety and quality amongst people,
the rising mass production of meat and milk via commercialized
activities, and the increasing concerns of disease outbreaks in
livestock are amongst the prime factors fuelling the market for feed
enzymes. There are a number of opportunities that may change the
dynamics of the feed enzymes market. The key factors include the
rising prices of natural feed products, which have raised the demand
for cheap alternatives such as feed enzymes. In addition, the ban
over the use of antibiotics in animal feed in many developed
countries has increased the demand for feed enzymes such as amino
acids and acidifiers, as they have similar nutritional benefits and
are safe to be utilized in livestock management. On the other hand,
the soaring cost of raw materials utilized for the production of feed
enzymes may impede the growth of the market in the coming years.
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Protease
Poised to Overtake Non-Starch Polysaccharide Enzymes
On
the basis of product type, the feed enzymes market is segmented into
phytase, protease, and non-starch polysaccharide enzymes. Amongst
these, phytase is a type of digestive enzyme that releases phosphorus
in animals from the phytic acid present in it. Monogastric animals
have a deficiency of phytases for the release of phosphorus. This is
why phytases are given to livestock animals for improving their
digestive capability. On the other hand, protease is essential for
the breakdown of protein molecules into peptides and amino acids and
hence helps in increasing the digestibility of proteins in animals.
Non-starch polysaccharide enzymes help in enhancing phosphorus
retention in animals and this segment holds the biggest share in the
market at present. However, the protease product segment is predicted
to grow exponentially in the forthcoming years and is poised to
overtake the segment of non-starch polysaccharide enzymes on the
basis of revenue in the coming years.
Europe
Feed Enzymes Market Emerges as the Biggest Regional Market
On
the basis of geography, the market is segmented into North America,
Europe, Asia Pacific, and Rest of the World (RoW). Amongst these, the
Europe feed enzymes market emerged as the biggest market due to the
large consumer base and livestock rearing being done extensively in
this region. On the other hand, Asia Pacific and Latin America will
emerge as the biggest markets in the coming years and will create
promising opportunities for the prime players.AB Vista, ASF SE,
Novozymes, DuPont, and Addiseo, among others, are some of the
prominent players operating in the market.
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