Feed Enzymes Market Forecast and Trends Analysis Research Report 2020–2027

Feed enzyme is a biological catalyst made up of amino acids, minerals, proteins, and vitamins extracted from plants, animals, and microorganisms. The feed enzymes increase the nutritional value of feed ingredients, reduces feed costs, minimizes environmental pollution while maintaining the animal’s performance. These feed enzymes are majorly used to feed poultry, swine, ruminants, and aquatic animals. The feed enzymes optimize gut health, produce uniform growth, and enhances the overall health of the animals. It can be classified into various categories such as phytases, carbohydrase, protease, and others. The phytase enzyme helps in reducing phosphorus excretion in the livestock. The carbohydrase helps in the breakage and degradation of carbohydrates such as fiber, starch, and non-starch polysaccharides into simple sugars to provide energy to the animals. The protease enzymes improve the digestion of proteins and increase amino acid, which is used to release valuable nutrients in animals.

The major factors propelling the growth of the global feed enzymes market during the forecast period include the growing demand of animal-based products like eggs, meat products and dairy product, easy availability of feed ingredients at a lower price, and the increasing demand for naturally produced feed & feed additives. The increasing awareness about animal health and food safety is likely to enhance the growing demand for the Global Feed Enzymes market. In addition to this, the increasing demand for the animal protein, the remarkable benefits of the enzymes, and the continuous rise in the animal population will further complement the growth of the Global Feed Enzyme market. The increasing technological innovation in the phytase production process to improve the digestion of the livestock will create new opportunities for the manufacturers. On the other hand, the difficulty in the hydrolysis process of cellulose and high inclusion rate of enzymes will hamper the growth of the Global Feed Enzymes market.

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Based on the type, the global feed enzymes market is segmented into phytase, protease, carbohydrase, and others. The phytase segment is expected to grow at a higher CAGR owing to its outstanding benefits to the livestock. It helps in enhancing bone health, gaining bodyweight, improving digestive efficiency, breaking down of indigestible phytic acid, thereby supporting the overall growth of the animals.

Based on the source, the Global Feed Enzymes market is segmented into microorganism, plant, and animal. The microorganism segment is projected to grow at a higher CAGR over the forecast period due to the increasing usage of microorganism enzymes to extract feed enzymes. Microorganisms are highly prominent and suitable in the production process of feed enzymes. Moreover, the recent development in molecular techniques such as genomics and metagenomics to improve feed quality will have a positive impact on the demand of the Global feed Enzymes market over the forecast period.

Based on the livestock, the global feed enzymes market segmented into poultry, swine, ruminants, aquatic animals, and others. The poultry segment is expected to grow at a higher CAGR due to the rapid shift in the consumption trend of the target customer and the price advantage of poultry meat over the other segments. Moreover, the growing demand for poultry meat across different nations such as the US, Brazil, China, and Thailand will surge the demand of the Global Feed Enzymes market.

Based on the region, Asia-Pacific is projected to grow at the highest CAGR during the forecast period owing to the increasing number of feed mills in the Asian countries and the growing rate of livestock population in the region as per FAO, 2016. The increasing consumption of meat and the expanding number of middle-income consumers in developing nations such as India and China will also accelerate the demand of the Global Feed Enzymes market. Moreover, rising consumer awareness is expected to widen up the growth opportunities for manufacturers in the region.

Various notable players operating in the market include Cargill, Incorporated, BASF SE, DowDuPont, Bluestar Adisseo Co., Koninklijke DSM N.V., Kemin Industries, Inc., Associated British Foods plc, Advanced Enzyme Technologies, Novus International, Inc., Novozymes A/S, among others.

Key Developments:

• In 2019, BASF launched Natuphos® E phytase enzymes for the feed industry in Indonesia. Natuphos E phytase enzymes focus on better utilization of various nutrients, thus making livestock cost-effective and environment friendly.
• In 2019, Kemin Industries collaborated with CRVAB Bio-technology Co., Ltd. to capture the growing demand of the target customers. The partnership created new opportunities, such as expansion in food and textile applications.

The global feed enzymes market has been segmented based on function, type, source, form, livestock, and region. Based on function, the market is segmented into performance enhancement and feed efficiency. Based on type, the market is segmented into phytase, protease, carbohydrase, and others. The carbohydrase segment is further segmented into xylanase, amylase, cellulase, and other carbohydrase. Based on source, the market is segmented into microorganism, plant, and animal. Based on form, the market is segmented into dry and liquid. Based on the livestock, the market is segmented into poultry, swine, ruminants, aquatic animals, and others. The poultry segment is further segmented into broilers, turkeys, layers, and others. The swine segment is further segmented into starter, grower, and sow. The ruminants segment is further segmented into calves, dairy cattle, beef cattle, and others.

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