Feed enzymes are used to enhance the quality of animal nutrition as well as improve the nutritional properties of animal fodder. Enzymes are natural proteins secreted by animals as a part of the feed digestion process. Feed enzymes improve the feed performance when added, as they offer additional nutrients such as minerals and vitamins to the animal feed.
Feed enzymes have gained status globally because they improve the quality as well as quantity produced by the animals. Changing lifestyle and consumers’ preferences towards a healthy diet, natural products, and increasing meat consumption are the key drivers of the market. Growing health concerns among the increasing global population together with increasing awareness about the benefits of feed enzymes are expected to uplift the demand for feed enzymes. For instance, poultry feed enzymes are used to improve the bird’s egg-laying capacity, disease prevention, as well as feed utilization.
Growing population in developing countries has increased the demand for production of poultry, ruminants, and other livestock for consumption, which has uplifted the demand for feed enzymes in the market. Furthermore, increasing consumption of poultry and meat products is adding fuel to the growth of the global feed enzymes market.
High nutritional benefits obtained from feed enzymes are also supporting its sale across the globe. Additionally, the enhancement of the product coupled with technological advancements is considered to be one of the significant reasons for the increasing growth of the feed enzymes market during the forecast period 2017-2023.
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The major players in the Feed Enzymes Market,
- Behn Meyer Holding AG (Germany)
- Adisseo France SAS (France)
- Azelis Holding S.A. (Belgium)
- Novus International, Inc. (U.S.)
- Rossari Biotech Ltd. (India)
- Alltech, Inc. (U.S.)
- BASF SE (Germany)
- I. du Pont de Nemours and Company (U.S.)
- Associated British Foods plc (U.K)
- Koninklijke DSM N.V. (the Netherlands)
- Feed enzymes have a massive opportunity in the animal feed industry
- Application of feed enzymes in poultry animals is experiencing a higher growth rate
The feed enzymes market is segmented into type, livestock, and form.
On the basis of the type, it is segmented into protease, phytase, and others. Among all, the phytase enzyme segment is dominating the market followed by whey protease enzyme owing to the presence of phosphorus content that is helpful in improving animal metabolism as well as reproduction.
On the basis of the livestock, it is segmented into swine, poultry, ruminants, aquatic animals, and others. Among all, the poultry segment is dominating the market. These additives are used for the processing of ruminant feed plays an important role in terms of improving animal health, digestibility, maximum utilization of nutrients, and minimizing the environmental impact.
On the basis of the form, it is segmented into dry, liquid, and others. The dry form segment is dominating the market due to its ease of handling and good thermal stability.
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The feed enzymes market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). The North American region is dominating the market followed by the Asia Pacific owing to the increasing demand for nutritive protein-based feed products among the developed countries of these regions. Canada, Germany, the U.K, the U.S., and China are the major importers of feed enzymes.
Moreover, rising demand for poultry products in countries like the U.S., Canada, and Mexico in the North American region is projected to boost the feed enzymes market during the forecast period. Additionally, the major key players are actively involved in the research & developments of the product conforming to North American regulations for feed fortification with feed enzymes.