The global animal feed enzymes market is expected to grow at a CAGR of around 9.71% from forecast period 2019 to 2026 and expected to reach the market value of around US$ 2,158.1 Mn by 2026.
The feed enzymes are the ingredients when mixed with animal feed, they help animals in easy digestion and to guarantee that animals have complete diet or nutrition. Additionally, enzymes help in the efficient good feed which in turn decreases the cost of feed and increases the profitability. The feed enzyme market is dependent on increasing demand for animal protein, increasing animal population and benefits of enzymes which drives the market in a positive trend. These enzymes increase the digestibility of feed and decrease the cost. Phytase decreases the need of giving inorganic phosphorous supplementation, due to the fact that it increases the conversion of absent forms of phosphorous in feed into available forms. Other than that carbohydrate increases the digestibility of starch and also discharges energy from the fibrous portion and grain by-products.
Even if there are increasing concerns about greenhouse gas emission and numerous other emerging environmental-related problems because of the livestock industry, meat consumption is growing with time. The Organization for Economic Co-ordination and Development has noted that meat consumption has increased from about 114.02 million metric tons in 2017 to 116.21 million metric tons in 2018. The most consumed meat by human society is poultry meat with per capita consumption of 30.6 Kg per year, followed by pork with per capita consumption of 23.5 kg per year and beef & veal with per capita consumption of 14.8 kg per year. One of the main driving factors for feed enzyme market is industrialization of the livestock industry, which led to the use of artificial feeds having a large amount of corn and soy as the main protein ingredient in the feed. However, the high investment in the research and development, which reduces the innovation in the global market, acts as a major restraining factor preventing small players from entering the market. . Also, the limited awareness about the animal feed enzymes in the developing countries are expected to one the greatest challenge for the manufacturers in the global market during the forecast period.
By source, the microorganisms segment dominated the animal feed enzymes market
On the basis of source, the market has been segmented into microorganisms, plant, poultry, and animal. The microorganisms segmented is expected to dominate the animal feed enzymes market in 2018. It is also expected to grow at the high CAGR from 2019 to 2025. Microorganisms are less costly, has more stability in extreme conditions than other sources, and can be easily controlled in the laboratory. Such advantages offered by the microorganisms over the other sources plant and animal sources helps it in being more popular and easy to use in animal feed. Increase in investment towards development are expected to enhance the demand for the product in the global market during the forecast period.
The market research study on “Animal Feed Enzymes Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026”, offers a detailed insight into the global Animal Feed Enzymes market entailing insights on its different market segments. Market dynamics with drivers, restraints, and opportunities with their impact are provided in the report. The report provides insights into the global animal feed enzymes market, its type, livestock, form, source, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global animal feed enzymes market size and volume, and segment markets by type, livestock, form, source, and geography along with the information on companies operating in the market. The animal feed enzymes market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.
In 2018, Asia-Pacific dominated the regional market with a maximum market share
Asia-Pacific is dominating the animal feed enzymes market with highest market share, whereas Europe and North America are in second and third position. The Asia-Pacific region is estimated to have high CAGR during the forecast period (2019-2025), but all other regions are projected to register moderate growth rate. China and India are largest market in Asia-Pacific region, because of their larger population, for which Asia-pacific is the largest animal feed enzyme market in world. However, North America expected to showcase the highest growth in the global animal feed enzymes market during the forecast period.
The key players profiled in the global animal feed enzymes market research report include BASF SE, Biocatalyst, AB Enzymes, Advanced Enzymes Technologies, E. I. du Pont de Nemours and Company, Associated British Foods plc, Koninklijke DSM N.V, Adisseo France SAS (France), Azelis Holdings SA, Rossari Biotech Ltd, BIO-CAT. These companies are investing in the product development as well as expansion for expanding their market share and also for gaining competitive advantages over its competitors in the coming years.
Market By Type
Market By Livestock
Market By Source
Market By Form
Market By Geography
According to Acumen Research and Consulting, the animal feed enzymes market size is anticipated to be worth around US$ 2,158.1 billion in 2026.
The animal feed enzymes market is anticipated to grow over 9.71% CAGR during the forecast period 2019 to 2026.
Asia-Pacific held maximum share in 2018 for animal feed enzymes market.
BASF SE, Biocatalyst, AB Enzymes, Advanced Enzymes Technologies, E. I. du Pont de Nemours and Company, Associated British Foods plc and Koninklijke DSM N.V are the top players operating in the animal feed enzymes market.
The microorganisms segmented is expected to dominate the animal feed enzymes market in 2018.
The global animal feed enzymes market is segmented into type, livestock, form, source, and major geographic regions.
China and India are largest market in Asia-Pacific region.