This market research report presents segmentation of the global feed enzymes market by livestock type (poultry, swine, ruminant, and aquaculture), by type (carbohydrase, protease, and phytase), and by geography (APAC, Europe, Latin America, North America, and MEA). Key findings also include an analysis of the leading vendors such as AB Enzymes, BASF, DuPont, DSM, and Novozymes.
Technavio’s market research analysts estimate the global feed enzymes market to grow at a CAGR of 7% between 2015 and 2019. The increase in global meat consumption is the key growth driver for this market. Animal feed enzymes are an essential ingredient in the nutritional intake in animals, resulting in high-quality animal products. The poultry segment leads the feed enzymes market, occupying around 52% of the total market share. APAC is the largest revenue contributing region to the market, accounting for a market share of 36%. The increase in demand for meat products is expected to drive the demand for feed enzymes during the forecast period. China is the leading country for the production of animal feed enzymes in this region.
The new market research report from Technavio provides a breakdown and analysis of the feed enzymes segments by technology.
“The demand for feed enzymes is growing rapidly as it helps in better feed conversion by the animal, increases the rate of biochemical reaction, and contributes to the animal’s welfare. Also, these enzymes act as growth promoters and performance-enhancing ingredients and increases the meat production. Also, the market is witnessing growth in the use of medicated feed owing to increase concerns about animal diseases,” says Debasish Nayak, Lead Analyst, Chemicals & Materials, Technavio Research.
Carbohydrase is the most dominant feed enzyme in the market, accounting for around 48% of the overall market share. It improves the digestibility of carbohydrates in feeds, thereby increasing the amount of energy consumed. It can be categorized into non-starch polysaccharide enzymes and starch enzymes.
The leading vendors in the global feed enzymes market are AB Enzymes, BASF, DuPont, DSM and Novozymes. The market is highly competitive due to the presence of leading vendors such as BASF and DuPont. This market research report predicts the market to witness higher consolidation and increase in the influx of private vendors during the forecast period.
A more detailed analysis is available in the Technavio report, Global Feed Enzymes Market 2015-2019.
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