New
York City, 14 Jan 2019: The
global Animal Feed Enzymes Market is
anticipated to reach USD 1.88 billion by 2026 and is forecast to grow at a CAGR
of 7.3 % from 2018 to 2026.
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.
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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.
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.
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.
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