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.
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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.
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