Animal Feed Enzymes Market Trends, Analysis And Forecast to 2018-2026
Posted: Dec 12, 2018
Demand for animal protein has been on the rise owing to increase in demand for enhanced and high-quality meat and meat products. Several research studies by leading animal nutrition associations have shown that over the past few years animal protein intake level has decreased significantly and hence production lifecycle has also been compromised.
This in turn has stained the market players to achieve maximum output in less time. In order to tackle these, protein intake of animals especially of the diary animals are required to be brought to a balanced level. Enzymes, or enzyme rich products are among the most needed supplements that helps in maintaining a balanced nutrition for the farm animals.
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These types of additives provide significant reduction in cost for animal diets and in turn positively affect the overall price matric of the ingredients. These products ensure a continuous and balanced release of nutrients and an addition to the overall food value chain. These inhibit bacteria thriving owing to several factors including the one of excess or over supply of dietary nitrogen. Hence, these are some of the major factors driving demand for enzymes globally.
These products ensure the maintenance of a balanced healthy growth. They help in enhancing digestion of the essential nutrients including the proteins and amino acids. These products are also helpful in offsetting the negative effects of the undigested nutrients in the gut health. These advantages of the enzymes feed have been beneficial in driving its demand for different animal category feeds.
With the increase in global population and rising demand for enhanced and balanced animal food stuffs, demand for feed enzymes will increase accordingly over the forecast period. This has enforced immense pressure on animal husbandry industry players to maximize animal product-based output with the minimum optimization of resources. Enzymes I animal feed in such instances play an influential role to add to the benefits.
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Grains that are being used in production of feed including corn, barley, wheat etc. contains of a strong coating that do not break completely during milling processes. And this coating remains indigestible. These products help in breaking down a digesting this coating layer and maintains a good gut health.
Competitive Landscape and Key Vendors
Asia Pacific was the largest regional market in 2017 and with is growing animal feed market, demand for enzymes will also grow significantly over the forecast period. Increasing demand for meat and meat products, driven by changing lifestyle along with increase in disposable income is projected to positively influence the feed market and along with this the enzymes demand will also grow significantly. Increasing in population has demanded for more meat products but on the flip side has also created a negative impact of offering limited space for livestock expansion.
Companies are concentrating on the developing regions such as Asia Pacific to gain market share. BASF and Biomin announced the launching of a new phytase product for the Vietnamese feed industry.
Some of the major market players for Animal Feed Enzymes include Chr. Hansen Inc, BASF Corporation, Bio Vet JSC, DuPont, Enmex SA De CV, Adisseo France, Alltech, Novozymes, AB Enzymes GmbH, Advanced Enzymes Technologies Limited, and Lesaffre Group.
Product Type Segment
- Aquatic Animals
- Plant Animal
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
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Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.