Animal Feed Enzymes Market size to exceed $2.3bn by 2026
Published Date: November 11, 2019 Authors: Kunal Ahuja, Amit Rawat
Animal Feed Enzymes Market size is set to surpass USD 2.3 billion by 2026; according to a new research report by Global Market Insights, Inc.
The animal feed enzymes industry size is likely to register significant gains from 2019 to 2026 on account of rising intake for animal protein which has surged the demand for high quality animal feed. Increasing consumption of animal by products has urged manufacturers to adopt sustainable solutions for improving feed manufacturing activities which is expected to have a positive impact on the product demand. Addition of enzymes in the feed enhances animal metabolism, increases digestibility of feed and reduces feed cost. Growing acceptance of feed enzyme technology to improve nutritional value of food ingredients coupled with rising concerns over the safety & quality of animal by products shall further accelerate animal feed enzymes market growth.
Escalating demand for animal protein to boost poultry consumption
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Poultry forms one of the vital sources of animal protein and is expected to exhibit high demand owing to the growing consumption of meat and eggs. These additives in livestock diet play a crucial role and positively influence animal health, support proper & continuous nutrient release and inhibit bacterial infections.
In accordance to the Organization for Economic Co-ordination and Development, meat consumption in 2018 amounted over 115 million metric tons in 2018. Growing importance towards optimum livestock feeding patterns has led to a rise in demand for premium quality feed enzymes which not only enhance the protein value of feed but also play a crucial role in reducing feedstock costs.
Importance towards animal health to strengthen carbohydrase consumption
Rising health concerns towards the outbreak of several animal diseases has increased issues regarding the use of safe animal feed additives. They are vital in improving feed characteristics along with making feed content easily digestible. The product is widely used in animal nutrition industry as it improves the digestive system and helps in breakdown of large, insoluble food components.
Optimum livestock production primarily relies on healthy diet of animals. Carbohydrase are used efficiently to increase energy production and to improve financial returns of producers. Animals typically digest about 90% of available starch from diet. Inclusion of carbohydrase enzyme in the diet helps in achieving a better digestion rate. Increasing livestock production and growing consumer awareness towards the use of safe animal products shall accelerate industry growth.
Browse key industry insights spread across 320 pages with 462 market data tables and 13 figures & charts from the report, “Animal Feed Enzymes Market Share By Form (Dry, Liquid), By Product (Phytase, Carbohydrase, Protease, Non-Starch Polysaccharide), By Livestock (Poultry, Swine, Aquaculture, Ruminant), Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026” in detail along with the table of contents:
Consumption of animal by products to support feed enzymes demand in North America
Adoption of modern technology by manufacturers to produce better quality feed additives and reduce potential chances of diseases in animal nutrition. Growing demand for poultry & meat products such as milk, eggs and other dairy products has surged the demand for quality animal feed which is expected to escalate the regional growth. Feed enzymes such as phytase, carbohydrase and non-starch polysaccharides offer high nutritional value and reduce the risk of various health diseases.
North America poultry livestock market outlook is expected to record gains at over 7% upto 2025. According to the North American Meat Institute, U.S. meat production amounted over 52 billion pounds in 2017 while poultry production valued over 48 billion pounds in 2017. Changing consumer food preferences & increasing demand for meat protein is further expected to favorable opportunities for animal feed enzymes market outlook.
Livestock disease awareness to influence feed enzymes demand across Asia Pacific
Growing safety concerns among consumers towards animal meat consumption & rising technological innovations have enabled the adoption of advanced animal husbandry practices. This has significantly enabled the development of high-quality feed enzymes which help in improving nutrient absorbing capacity and result in uniform animal growth & development. These products including phytase & protease help improving gut health, supply high amount of peptides, amino acids to animals and reduce the risk of various health diseases.
Asia Pacific animal feed enzymes market statistics from livestock surpassed USD 260 million In 2018. They play an imperative role in feed industry as these products form a vital component in ensuring safety and affordability of animal protein. Various disease outbreaks in livestock have further increased the concern towards animal by products which shall favor the use of these high-performance products in animal diet.
The companies are concentrating towards strategic collaborations and new product development. Manufacturers are also engaged in joint ventures and mergers to deliver new innovations & creativity to improve their product portfolio. Some key players include BASF, Royal DSM, AB Enzymes, Dupont, Lonza Group and Azelis Holdings SA