Market Overview and Grow Factors:
The feed enzymes help in stimulating and secreting digestive enzymes that help in boosting up the immune response. Enzymes are catalysts or chemicals that the cells release in order to boost up the speed of the specific chemical reactions. It is released in the digestive tract that helps the food to get digested. These enzymes today can be effectively made and mixed in animal feeds as feed enzymes. Generally, there are three types of enzymes that are utilized in poultry feeds namely proteases, carbohydrase and phytases. There are many factors that is driving the growth of the feed enzymes market. Some of these factors as per the Market Research Future (MRFR) report include increasing use of feed enzymes in feed industries, rising consumer awareness, increasing trend in healthy lifestyle, increasing meat consumption, demand for quality feed, industrialization of livestock, disease prevention in the livestock, demand for feed products rich in protein, advanced processing technologies and methods, increasing opportunities in the developing countries, high nutritional benefits and product enhancement.
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Renewed focus on the nutrition of poultry, cattle, and seafood groups is driven by the concern that the diets of these groups include good quality ingredients so that consumers have access to quality products as well. Reports that appraise the food, beverage, and nutrition industry have been presented by Market Research Future, which creates reports on industry verticals that assess the market development and prospects. The market is expected to view a CAGR of 9.2% in the forecast period.
The need to ensure healthy livestock is a key motivating factor for the feed additives market. The nutrition in the food provided to livestock most of the times do not contain significant nutrition, which leads to the need for using feed additives to correct the deficit contributing thus to the growth of the market. Also, increased focus on the benefits of healthy livestock in terms of work output and returns to investment is expected to encourage the feed additive market in the forthcoming period.
Leading players profiled in the Feed Enzymes Market include Alltech, Inc. (U.S.), Rossari Biotech Ltd. (India), Novus International, Inc. (U.S.), Azelis Holding S.A. (Belgium), Adisseo France SAS (France), Behn Meyer Holding AG (Germany), Koninklijke DSM N.V. (the Netherlands), Associated British Foods plc (U.K), E. I. du Pont de Nemours and Company (U.S.), and BASF SE (Germany).
Sep 2018- Novozymes and DSM have jointly developed a novel enzyme product, Balancius. This feed ingredient has been specially designed for removing bacterial cell debris present in the animal’s gut thereby helping in optimizing digestibility and nutritional absorption. The breakthrough innovation possesses the potential of improving the feed industry’s efficiency through enhanced feed utilization, digestibility and weight gain.
The segmentation of the feed enzymes market is carried out on the basis of type, livestock, region, and form. Based on type, the feed enzyme market is segmented into phytase, protease, and others. Among all the segments, the phytase enzyme segment is leading the feed enzymes market followed by whey protease enzyme due to the incidence of phosphorus content that is useful in improving animal metabolism as well as reproduction. Based on the livestock, the feed enzyme market is segmented into poultry, swine, aquatic animals, ruminants, and others. The poultry segment is controlling the feed enzyme market. The additives which used for the processing of ruminant feed play an important role in terms of increasing digestibility, animal health, maximum utilization of nutrients, and lessening the environmental impact. Based on the form, the feed enzyme market is segmented into liquid, dry, and others. The dry form segment is controlling the market owing to the ease of handling and good thermal stability provided by them.
Detailed Regional Analysis:
The Feed Enzymes Market comprises of North America, Europe, Asia Pacific, and rest of the world (RoW) in its regional study. The North American region is controlling the market trailed by the Asia Pacific region due to the growing demand for nutritive protein-based feed products between the advanced countries of these regions. The U.K, Canada, Germany, the U.S., and China are the key importers of feed enzymes. Additionally, the increasing demand for poultry products in nations like the U.S., Canada, and Mexico in the North American region is likely to improve the feed enzymes market through the forecast period. Furthermore, the key players in the market are keenly involved in the research and development of the product compliant to the North American regulations for feed fortification with feed enzymes which will foster further growth of this market in the forecast period.
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