The Global Animal Feed Enzymes Market is worth USD xx million in 2016 and estimated to grow at a CAGR of xx.xx%, to reach USD xx million by 2021. The global Animal Feed Enzymes market is developing at an exceptionally quick pace.
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Enzymes, generally refer to chemicals or catalysts released by cells which speed up specific chemical reactions. They include enzymes released in the digestive tract which help in the digestion of food. These enzymes are now added to animal feed also. There are mainly three types of enzymes: phytase, carbohydrase, and protease. They speed up different chemical and biochemical reactions in animal body thereby making them physically fit. These enzymes can withstand acidic pH conditions and pelleting temperatures during feed processing operations. In addition, feed enzymes lower the viscosity of non-starch polysaccharides in animal fodder which help in the digestion rate of animals.
The significant drivers are rising awareness about feed quality to improve animal health and increasing health consciousness along with growing population. Also Indigestion due to lack of essential enzymes affects the livestock health and creates a demand for fodder additives, which is expected to boost the industry. However fluctuating prices of raw materials due to seasonal nature of crops and government regulations are a major constraint.
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The global Animal Feed Enzymes market is segmented on the basis of Product, Form, Livestock and region. Based on Product the market is segmented into Phytase, Carbohydrase, Protease, Non-starch polysaccharides. Phytase had nearly two-fifth of the market share, and is expected to further increase owing to improved metabolism and reproduction processes among livestock due to high phosphorus content. Based on Form the market is segmented into dry and liquid. Dry segment dominates the market and has around three- fourth of the market share. This is largely due to properties like better thermal stability in food processing as compared to liquid form and easy handling. Based on Livestock the market is segmented into Poultry, Swine, Aquaculture, and Ruminant.
Geographically, the Global Animal Feed Enzymes market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. North America is expected to have the largest share followed by Europe. Asia Pacific is expected to have fastest growth due to factors like rising meat consumption in these regions.
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Foodchem International, Novozymes, ENMEX, Duo Point, Chr Hansen Holding A/S, DSM N.V., Flavorchem Corporation, DD Williamson & Co., BioExtract and Nutralliance are some of the key players in the global Animal Feed Enzymes market.
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