Feed Enzymes Market 2021; Region Wise Analysis of Top Players in Market
Research Reports
Jan 19, 2022
Market overview
Feed enzymes are used for helping the animals for easy digestion and to improve the nutritional properties of animal fodder. It ensures that the animals get the proper diet and nutritive values in the feed fed to them. These feed enzymes are natural proteins that are secreted by the animals as part of the feed digestion process. The enzymes improve the quality of the feed and also offer other additional nutrients such as minerals and vitamins to the animal feed.
The feed is one of the most essential cost factors that contribute to the dairy industry. This improved efficiency of these enzymes help in converting the feed into milk that boosts the productivity for dairy farmers. The feed enzymes are mostly concentrated towards swine and poultry. However, some advancements in the market have been introduced for improving the efficiency and milk production of ruminants that benefits the farmers by cutting down feed cost.
The global feed enzymes market report presents the increasing demand for animal proteins with the increasing animal population. The feed enzymes are gaining a global status because they are improving the quality as well as the quantity that is produced by the animals. The high nutritional benefits that are obtained from the feed enzymes is supporting its sales rate across the globe. In addition to this, the enhancement of the product coupled with the technological advancements is also showing significant growth during the forecast period from 2017-2023.
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Industry news
Novus International, animal health and nutrition solutions provider company, is utilizing ReposiTrak, an automated compliance management for collecting supplier documents and for reduction of risks. Novus International chose ReposiTrak system because it needed a tool for streamlining the process of supplier document collection and reducing the exposure to risks.
Regional analysis
Feed enzymes are a massive opportunity for the key players in the animal feed industry. There are many applications of feed enzymes that make it widespread in several regions such as in North America, Asia-Pacific, Europe, and the Rest of the World. Among these, North America is expected to dominate the global market followed by Asia-Pacific region, due to the rising demand for nutritive protein-based feed products in these developing countries. The major importers of feed enzymes are the countries of the UK, US, Germany, China and Canada. The key players involved in the research and development of the products conform the government regulations for feed fortification to feed enzymes.
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Market segmentation
The global feed enzymes market showcases a drastic change in the latest trends of the global market. The changing lifestyle and the increasing consumer preferences towards a healthy diet and natural products is raising concerns among the global population and that is growing the market for feed enzymes. Hence, the market segmentation has been done based on the type, livestock and form of feed enzymes.
Based on the type, the global market can be split into:
- Phytase
- Proteases
- Others
Among these, the phytase segment is dominating the global market followed by the protease enzyme.
With the growing livestock the market has been segmented into:
- Poultry
- Swine
- Ruminants
- Aquatic animals
- Others
Here, the poultry section is dominating the global feed enzymes market.
And on the basis of form, the global feed enzyme market can be divided into:
- Liquid
- Dry
- Others
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