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. 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.
Browse full research report on Animal Feed Enzymes Market:
http://www.grandviewresearch.com/industry-analysis/animal-feed-enzymes-industry
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.
Grand View Research has segmented the global animal feed
enzymes market by product, formulation, application, and region:
Product Outlook (Revenue, USD Million; 2014 - 2025)
- Phytases
- Carbohydrases
- Proteases
- Others
Formulation Outlook (Revenue, USD Million; 2014 - 2025)
- Liquid
- Dry
Application Outlook (Revenue, USD Million; 2014 - 2025)
- Poultry
- Pigs
- Ruminant
- Pets
- Aqua
- Equine
Regional Outlook (Revenue, USD Million; 2014 - 2025)
- North
America
- U.S.
- Europe
- Spain
- Russia
- Asia
Pacific
- China
- India
- Central
& South America
- Brazil
- Middle
East & Africa
- South
Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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