Global Feed Enzymes Market 2018 Segmentation, Growth and Forecast to 2024
Global Feed Enzymes Market Report Overview: -
Market Outlook: Feed Enzymes Market
Animal feed is consisting of variety supplements such as plant materials, vegetable proteins, cereals, and sometimes meat. These materials cannot fully digest and utilized by animals. Feed enzymes are used as feed additives to increase the digestion of animals. In order to save the feed costs, many livestock producers include enzymes in feed additives. This will enable them to produce more meat per animal or to produce the same amount of meat cheaper and faster. Enzymes catalyze chemical processes that convert nutrients into energy and new tissue. Generally, phytases, carbohydrates and proteases are most commonly used in the feed additives.
Market Dynamics: Feed Enzymes Market
Feed enzymes market is mainly driven by its cost effectiveness in feed additives with high yield. In addition, increase in demand for the livestock, growing health concerns of animal health and increase in meat production. According to Organization for Economic Cooperation and Development, “OECDFAO Agricultural Outlook” Global meat production is projected to be 16% higher in 2025 than in the base period 2013-15. Furthermore, increase in demand for dairy products and changing lifestyles in developing regions towards an increase in protein intake expected to bolster the feed enzymes market during the forecast period. However, regulatory requirements in animal supplements and high costs of feed are expected to hamper the feed enzymes market during the forecast period.
Get free sample of Global Feed Enzymes Market Report here - https://www.planetmarketreports.com/report-sample/feed-enzymes-market-4330
Based on type of enzymes, feed enzymes market is segmented into
Based on source, fed enzymes market is segmented into
Based on species, feed enzymes market is segmented into
· Aquatic animals
To enquire about the report more, click here https://www.planetmarketreports.com/enquire-now/feed-enzymes-market-4330
Market overview: Feed Enzymes Market
Feed enzymes market expected to grow at an unprecedented growth rate owing to increase in meat consumption and growing concerns about animal health worldwide. According to The Food and Agriculture Organization of the United Nations FAO, total worldwide meat production is estimated 321 million tonnes in 2017. The market is highly competitive in nature due to the presence of a large number of companies around the world. Market players are adopting strategies such as product launches and new product developments in order to increase their market share. For instance, Canadian BioSystem Inc. launched two feed enzyme technology products super enzymecs and concentrasep, custom formulated for livestock industry customers in the Philippines and Southeast Asia. Market players are concentrated on mergers and acquisitions to strengthen feed enzyme product portfolio. For instance, in October 2013, BASF SE, acquired US based biotechnology company, Verenium Corporation to strengthen their R&D in enzyme development.
Regional Overview: Feed Enzymes Market
Geographically feed enzymes market is segmented into following regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America feed enzymes market expected to grow at notable rates owing to wellestablished livestock production industry, rising animal health concerns and growing demand for meat. Asia Pacific feed enzymes market is expected to grow at fastest rates owing to the low R&D cost and local and international players concentrated on the development of new products and mergers and acquisitions. For instance, Advanced Enzyme Technologies Ltd., acquired 70% stake in JC Biotech Pvt. Ltd to boost their market share. Especially, developing countries such as China and India are expected to show lucrative growth opportunities owing to changing lifestyle and growing demand for meat and dairy products. Europe feed enzymes market is expected to grow at notable rates owing to increase in R&D investments and rising concerns of animal health.
Market Participants: Feed Enzymes Market
Some of the players in feed enzymes market are Koninklijke DSM N.V. Netherlands, DuPont U.S., BIOCAT U.S., Associated British Foods plc. U.K., Bio Resource International, Inc. U.S., Adisseo France SAS France, Advanced Enzyme Technologies Ltd. India, Azelis Holdings SA Belgium, BASF SE Germany, Alltech Inc. U.S. and Rossari Biotech Ltd India to name a few.
Key Market Developments: Feed Enzymes Market
In November 2017, Danisco A/S a subsidiary of E. I. du Pont de Nemours and Company, launched axtra phy enzyme, fast acting phytase enzyme in animal nutrition in Canada.
In March 2014, BioResource International, Inc. Launched xylan max, 1, 4betaxylanase enzyme that delivers consistently high levels of energy and improved digestibility in animal feed.
To browse more reports like this, go through
Planet market reports gives statistical surveying reports to businesses, people and associations with a goal of helping them in their decision making process. We have huge database of market research reports & company profiles across globe. We associated with global market research publishers who has a wide range of research specialists & industry experts which provides you deeper penetration of market research industry.
We have statistical surveying reports from number of top publishers and update our reports collections on daily basis with most recent research data to furnish our customers with the moment online access to our database. With access to this database, our customers will be able to benefit from expert insights on worldwide businesses, items, and market patterns.
Get in touch with us for your special interest needs and we will connect inside 24hrs to enable you to discover the market research report you require.
Name: Ronald James
US : +1-716-2260907
UK : +447441952057
Organization: Planet Market Reports