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.
The 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.
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.
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.
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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.
Top Players of Animal Feed Enzymes Market:
Prominent players include BASF SE, ENMEX S.A. de C.V., Advanced Enzymes, Adisseo, Elanco, BioResource International, Inc., Beldem S.A., and AB Vista.
Market Segmentation of Animal Feed Enzymes Market:
The Global Animal Feed Enzymes Market segmented by Product, Formulation, Application, and Region.
By Product:
Phytases
Carbohydrases
Proteases
By Formulation:
Liquid
Dry
By Application:
Poultry
Pigs
Ruminant
Pets
Aqua
Equine
By Region:
North America
Europe
Asia Pacific
Central & South America
Middle East & Africa
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