Feed Enzyme Market Analysis, Share and Future Scope

Biotechnology Feed Enzyme Market Size, Share, Leading Players and Forecast Report 2024

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Feed enzymes are enhancer that are incorporated in the animal feed during the manufacturing process to resolve the nutrient deficiencies in farm animals. Sometimes, animals face digestive troubles due to the consumption of anti-nutritional ingredients in the feed, which can be avoided by addition of feed enzymes. The feed enzymes are not only capable of withstanding acidic condition but also the heat generated during the pelleting process that breakdown starch, making the feed more digestible. With the global rise in demand of meat industry, and awareness among customers for the animal’s health and wellbeing, the considerable growth in the global feed enzyme market has been observed. Further, the need to opt for cheaper alternatives and to fulfill the globally growing demand of protein will drive the feed enzyme market in the coming years.

The global feed enzyme market is segmented on the basis of type, livestock, form, source. On the basis of type, phytase held the largest share in the global market in 2016; in comparison to protease, carbohydrase, lipase, and non-starch polysaccharides. However, protease is expected to witness significant growth during the forecast period (2017 – 2023) due to its low cost and its ability to reduce nitrogen emission. On the basis of livestock, poultry livestock was the largest contributor to the global market in 2016, as a result of the high demand in poultry meat. On the basis of form, the feed enzyme market is segmented into liquid and dry form. Liquid form has advantage over dry form due to the ease of mixing enzyme in the animal feed, and is economical over dry feed. Therefore, liquid form was the largest contributor to the global market in 2016, as compared to dry form.

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Growth Drivers The global feed enzyme market is expected to witness considerable growth during the forecast period. The major factors driving its growth are the increase in demand in the consumption of animal-meat and animal based products. Recently, the outbreak of diseases among livestock such as avian influenza, classical swine fever, bovine spongiform encephalopathy, has raised awareness among consumers

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to focus on the healthy well-being of livestock and to avoid recurrence of such situations. The need to develop cheaper alternative to feed has persuaded manufacturers to look for other options such as plant source for feed enzyme. This is expected to have positive impact on the growth of the global market in the coming years. Moreover, the ban applied on usage of antibiotics to opt for more natural based products is also driving the global feed enzyme market.

Pre-Purchase Inquiry at: https://www.psmarketresearch.com/sendenquiry?enquiry-url=feed-enzyme-market Opportunities and Trends In case of aquatic animals, the fish feed is expensive that demands for an alternative product such as plant based feed, thus, creating ample growth opportunities for the global market. Moreover, the improved quality feed has been in demand recently accounting to the awareness with respect to the health and well-being of animals that provides complete nutrients, and improvise digestion. This creates ample revenue generation opportunities for the global feed enzyme manufacturers. Additionally, the feed enzymes involve fermentation in its manufacturing process that reduces the usage of fossil fuels.

Further, the usage of feed enzyme as an additive causes reduced production of animal waste; hence minimizing environmental strain.

Increase in demand of thermostable enzymes by its end users have been a key trend among major players. For examples; leading feed manufacturers such as AB Enzyme, DSM N.V, GK Biochemical Corporation are launching products that show thermostable properties.

Competitive Landscape Key players across the globe are forming alliance to expand their product portfolio and gain larger share in the global feed enzyme market. Koninklijke DSM N.V and Novozyme alliance promises to deliver innovative products to meet challenges of the global market. In May 2017, Huvepharma linked up with Intrexon Corporation entered

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into a research collaboration to form more cost-effective animal feed enzymes using Intrexon Corporation’s fungal expression platform.

Some of the other key players in the global feed enzyme market are BASF SE, E. I. duPont de Nemours and Company, Adisseo France SAS, Rossari Biotech Ltd., Alltech Inc., Lesaffre & Cie, Associated British Foods plc, Koninklijke DSM N.V., Azelis S.A., Novus International Inc., and BIO-CAT. Read More: https://www.psmarketresearch.com/marketanalysis/feed-enzyme-market

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