December 17, 2019
According to the latest study titled ‘Animal Feed Enzymes Market Size By Form (Dry, Liquid), By Product (Phytase, Carbohydrase, Protease, Non-Starch Polysaccharide), By Livestock (Poultry, Swine, Aquaculture, Ruminant) Industry Analysis Report, Regional Outlook, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2026’ available with Market Study Report LLC, the animal feed enzymes market is expected to accumulate USD 2.3 billion by the year 2026.
The growth of animal feed enzymes market is propelled by factors such as increasing consumption of meat & poultry products, along with rising demand for animal protein & dairy products. Moreover, advancement in feed enzyme technology has improved the nutritional value of feed ingredients and has lowered feed costs, which is augmenting the industry trends.
Further, these feed enzyme additives are effective substitutes for traditional animal feed as they are safe to use and provide high nutritional value. Rising concern regarding animal health, consumer preference for healthy protein-rich diet, and numerous favorable government initiatives for promoting livestock safety are propelling the expansion of animal feed enzymes market. However, strict regulations pertaining to certification of feed enzymes and high manufacturing cost are presumed to restrict market growth to some extent, cites the report.
Based on product, animal feed enzymes market is segmented into carbohydrase, phytase, protease, and non-starch polysaccharide. As per the report, animal feed enzymes market is presumed to witness decent growth owing to increase in demand of protease enzymes as they provide benefits such as protein digestibility and improved gut health. The product is heat stable and reduces nitrogen excretion, hence protecting the environment.
As per livestock, the global animal feed enzyme market from poultry livestock segment is expected to grow significantly over the forecast period, on account of changing consumer preference for non-vegetarian diet.
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Considering the geographical landscape, North America animal feed enzymes market is anticipate to expand decently over the analysis period, owing to increasing preference for high quality meat and milk products which is fueling the demand for efficient feed additives to substitute synthetic antibiotics.
Some of the vendors that operate in animal feed enzymes market are Lumis Biotech, BioResource International, Enzyme Innovation, Azelis Holdings SA, Bio-Cat, Adisseo, Caprienzymes, Aumgene Biosciences, Advanced Enzymes, and Specialty Enzymes and Biotechnologies, among others.
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