Animal Feed Enzymes Market Size, Share, Growth, Trends, and Forecast Report
by Susan Hill Business ConsultantThe global animal feed enzymes market is expected to reach
USD 2.67 billion by 2025, according to a new report conducted by Grand View
Research, Inc. Rising requirements for enhanced nutritional value and quality
in meat & dairy products is estimated to provide significant scope for the
consumption of key feed processing additives including enzymes, vitamins, and
emulsifiers over the years ahead. Furthermore, growing consumer awareness
regarding the vitality of animal protein intake is likely to play a crucial
role in influencing the scenario of feed enzymes industry.
Phytases, carbohydrases, and proteases are the
primary products used as enzymes that are utilized in different animal
nutrition sectors including poultry, pigs, and ruminant. These products improve
the performance of foodstuffs and make it easily digestible for the livestock
categories.
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Further key findings from the report suggest:
- Central & South America and Middle East & Africa are likely
to witness growth on account of significantly increasing livestock farming
and breeding activities in major parts of both the regions. This scenario
is estimated to reflect mainly in Brazil, Argentina, Chile, Venezuela,
Egypt, South Africa, and Saudi Arabia.
- Carbohydrases, one of the major ingredients utilized in the animal
feed industry, generated USD 149.3 million in 2015. These products help in
the synthesis of carbohydrates into simple, digestible sugars.
- Proteases are rapidly gaining importance as key protein
digestibility enhancers in animal foodstuffs & nutrition sectors, and
the segment is expected to grow at a CAGR of 9.9% over the next nine
years. In May 2014, Royal DSM N.V. launched a new product range of
protease enzymes. This strategic move was implemented to keep up with the
growing consumer requirements of animal proteins coupled with the rise in
the meat consumption in developing nations.
- The industry is highly concentrated in nature owing to the presence
of numerous manufacturers on a global as well as regional level. This, in
turn, has intensified the competitiveness of the industry over the recent
years. Furthermore, the leading feed enzyme producers including Danisco
A/S, Royal DSM N.V., and Novozymes accounted for more than 50% of the
total market in 2015.
- Other prominent players include BASF SE, ENMEX S.A. de C.V.,
Advanced Enzymes, Adisseo, Elanco, BioResource International, Inc., Beldem
S.A., and AB Vista
- Various prominent manufacturers have integrated business operations across the global value chain. These players are not only into manufacturing value-added enzymes, but they also have a strong presence in raw material supply, product distribution, and end-use sectors.
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full research report on global animal feed enzymes market:
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Created on Nov 1st 2019 04:56. Viewed 407 times.