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Feed Enzyme Market Size, Share and Future Scope

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Feed Enzyme Market

Feed Enzymes are enhancers that are incorporated in the animal feed during the manufacturing process to resolve the nutrient deficiencies in farm animals. Sometimes, digestive problems occur due to the consumption of anti-nutritional ingredients in the feed, which can be avoided by the addition of feed enzymes. The feed enzymes are not only capable of withstanding acidic conditions but also the heat generated during the pelleting process that breakdown starch, making the feed more digestible. With the global rise in demand of meat industry, and awareness among customers for the animal health and wellbeing, the considerable growth in the global feed enzyme markethas been observed. Further, the need to opt for cheaper alternatives and to meet the demand for the enzyme market in the coming years.

The global feed enzyme market is expected to witness considerable growth during the forecast period. The major factors driving its growth are the increase in demand for animal-based meat and animal products. Recently, the outbreak of diseases among animals such as avian influenza, classical swine fever, and bovine spongiform encephalopathy, has raised awareness among consumers to focus on the healthy well-being of livestock and to avoid recurrence of such situations. The need to develop cheaper alternative to feed has persuaded manufacturers to look for other options. This is expected to have a positive impact on the growth of the global market in the coming years. Moreover, the use of the enzyme market is more widespread.

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Europe accounts the largest share in the global feed enzyme market in 2016, followed by North America, owing to the largest consumption of meat in the European countries. Besides, research into these countries will be better than performing enzymes to strengthen the global market. Different countries in Asia-Pacific such as; China, India, Japan, Australia and the United States are expanding the market and are expected to grow faster. China expected to be the largest consumer of enzyme feed in the Asia-Pacific market.

Some of the key players in the global feed enzyme market are BASF SE, EI du Pont de Nemours and Company, Adisseo France SAS, Rossari Biotech Ltd., Alltech Inc., Lesaffre & Co., Associated British Foods plc, Koninklijke DSM NV, Azelis SA , Novus International Inc., and BIO-CAT.

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