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Feed Enzyme Market: Global Trends & Forecasts to 2018

Global feed enzyme market: $1.2 billion industry by 2018


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2014-02-18 02:43:03 - Feed Enzyme Market: Global Trends & Forecasts to 2018 - a new market research report on companiesandmarkets.com

The feed enzyme market was valued at $781.7 million in 2012 and expected to increase to $1,193.0 million by 2018, with a CAGR of 7.3% for the forecast period. In 2012, Europe led the global feed enzyme market with a share of 46.0%, followed by Asia-Pacific (23.0%), and North America (21.0%) in terms of value.Animal feed enzymes are substances that are not natural feedstuffs and are added to made-up and stored feeds for various purposes, such as to control infectious disease in animal, promote growth, and enhance feed digestibility. The global feed enzyme market is growing at a steady pace and offers promising future due to increasing demand for meat and meat products. Feed enzymes are becoming an important part

 

 

of feed for animal growth and nutrition. Many animals cannot digest 15-25% of the feed that is consumed. This is because the ingredients consist of anti-nutritional factors that are hard to digest.These factors obstruct the digestive process of the animal or in some cases the animal may lack the particular enzyme required to break down those components. Environmental concerns like reduction of phosphorous contents in manure are also promoting feed enzyme consumption for animals. Presently, the global feed enzymes market is not generating high revenue but the factors like increased use of phytase by high dosing, investment in better performing enzymes, etc. are expected to enhance the potentialSome of the major drivers of the feed enzyme industry identified in this report are rising global meat consumption, increasing awareness towards meat quality and safety, growing mass production of meat, and recent livestock disease outbreaks. The outbreaks warranted a re-look into the animal health and nutrition via animal feeds. Absorption of essential nutrients can be optimized by using enzymes.Major restraints identified in this report are regulatory structure & intervention and rising raw material cost. There are some opportunities which can change the dynamics of the feed additives and enzyme industry. One of them is increasing cost of natural feed products that can promote feed enzyme demand as an alternative. Similarly, regulatory ban over antibiotics and environmental concerns can increase demand for other feed additives such as acidifiers and amino acids, because these are safe and have similar nutritional and health benefits in livestock management.Major types of feed enzymes analyzed in this report are phytase, protease, and non-starch polysaccharide (NSP). NSP enzymes were the leading segment with over 60.0% market share in 2012. The consumption of feed enzymes is high due to increasing demand in Asian and Latin American regions to meet high domestic and export demand for meat.The global feed enzymes market is dominated by few key players such as AB Vista (U.K.), Novozyme (Denmark), Addiseo, (France), and DuPont (U.S.). These four companies together held 87.0% of the total market in 2012. Novozymes, the biggest player in feed enzyme industry, has been increasing its production capacity over the studied time period. A wide product portfolio, coupled with expansion policies to tap growing markets in APAC and North America, are some of the key strategies employed. Genencore is a subsidiary of Dupont, and under Genencore, Danisco animal nutrition deals entirely with animal feed. These companies focus on investing in technology and research & development in order to get the qualitative outcome that could benefit the animals and lead to their protection.

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