Feed enzymes market is observing an exponential growth based on its high usage in the feed industry. Growing livestock health concerns is one of the major factors contributing to the growth of the global feed enzymes market.
Feed enzymes are either plant-derived or chemical ingredients used to boost the quality of the animal nutrition as well as nutritional properties of the animal fodder. The feed enzyme helps to stimulate and secrete digestive enzymes, which, in turn, boost an immune response. With the growing consumer awareness and their increasing interest in healthy lifestyle, the demand for feed enzymes has increased to great extent. In addition to the changing lifestyle, the growing demand for feed enzymes, rising meat consumption, quality feed, industrialization of livestock, and the prevention of diseases in livestock are expected to drive the global feed enzymes market.
Increasing demand for animal feed products with high protein content is driving the growth of the feed enzymes market. Furthermore, advance processing methods & technologies, and high opportunities in developing countries are positively supporting the growth of the market. Increasing awareness regarding health benefits to the animals by the use of feed enzymes has a positive effect on the growth of global feed enzymes market. Moreover, increased awareness about the feed enzymes has raised feed quality, which, in turn, has increased the share of global feed enzyme market.
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Latest Industry Updates:
Jun 2017 DuPont, has launched Syncra SWI, an adaptive feed additive that powers the diet through improving energy and amino acid digestibility for grower and finisher pigs, thereby improving growth and reducing feed costs.
Jan 2016 Global chemical company, BASF, has launched an exciting new enzyme for animal nutrition, Natuphos E, in India. Natuphos E helps poultry to utilize phosphorous and key nutrients more efficiently – bringing a wide range of benefits to the animal feed industry and to local farmers.
Jan 2016 Adisseo and Novozymes, the two global leaders in the animal nutrition and feed additive industry, today announced the launch of their probiotic for poultry, Alterion, in the U.S. market as well as in a number of countries in the Middle East and South East Asia.
The feed industry is progressing at a fast face. With lot many players operating in the market, the key players needs to put their product in the market with some or the other distinguishing traits in order to create product differentiation. The key players are involved continuously in research of the products to come up with new and better products. Additionally, awareness program carried out by the companies to promote their products and reaching out the targeted population including the livestock holders are few of the strategies followed among the key players for expanding the market of feed enzymes.
The key players profiled in feed enzymes market report are BASF SE (Germany), E. I. du Pont de Nemours and Company (U.S.), Associated British Foods plc (U.K), Koninklijke DSM N.V. (the Netherlands), Behn Meyer Holding AG (Germany), Adisseo France SAS (France), Azelis Holding S.A. (Belgium), Novus International, Inc. (U.S.), Rossari Biotech Ltd. (India), and Alltech, Inc. (U.S.) among many others.
The global feed enzymes market has been divided into type, form, livestock, and region.
On the Basis of Type: Protease, Phytase, and Others
On the Basis of Form: Dry, Liquid, and Others
On the Basis of Livestock: Swine, Poultry, Ruminants, Aquatic, and Others
On the Basis of Region: North America, Europe, Asia Pacific, and ROW
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The global feed enzymes market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). The North American region is dominating the feed enzymes market followed by the Asia Pacific owing to rising population followed by increasing consumption of poultry and meat products in developing regions. Moreover, China is the major exporter of poultry and meat, which, in turn, drives the market of feed enzymes in the Asia Pacific region. Key players in the feed enzymes market are largely located in North America and Europe. Key players following strategies of merger and acquisition with small players to expand their business in other regions due to increasing demand for feed enzymes in the animal feed industry.
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