DUBLIN, Jan. 17, 2020 /PRNewswire/ -- The "Feed Enzymes Market by Type (Phytase, Carbohydrase, and Protease), Livestock (Poultry, Swine, Ruminants, and Aquatic Animals), Source (Microorganism, Plant, and Animal), Form (Dry and Liquid), and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global feed enzymes market size is projected to grow from US$ 1.2 billion in 2019 to US$ 2 billion by 2025, at a CAGR of 9.1%.
Provision of maintaining cost-efficiency in the usage of feed; increasing demand for animal-based products, such as meat products, dairy products, and eggs; and a rise in the global demand for naturally produced feed additives drive the feed enzyme industry. However, the hydrolysis of cellulose, which remains difficult, is projected to hinder the growth of the market.
The feed enzymes market comprises of major manufacturers, such as BASF SE (Germany), DowDuPont (US), Koninklijke DSM N.V. (Netherlands), Bluestar Adisseo (China), Kemin Industries (US), and Cargill Incorporated (US).The study includes an in-depth competitive analysis of these key players in the feed enzymes industry, along with their company profiles, recent developments, and the key market strategies.
The poultry segment, by livestock, is estimated to dominate the feed enzymes market in 2019
Poultry is domesticated for the production of eggs and meat for consumption. Many factors impact the feed intake of poultry birds and significantly impact the nutritional well-being and efficiency of poultry production. The poultry segment accounted for the largest share in 2018, in terms of value. The dominance of poultry can be attributed to the increased consumption of poultry meat in the Asia Pacific region, as consumers are adding white meat instead of red meat to their diets.
The phytase segment, by type, is projected to account for the largest share during the forecast period in the feed enzymes market
Phytases are digestive enzymes that release plant phosphorus from phytic acid; monogastric animals, such as poultry birds, lack sufficient phytases to release this phosphorus. Adding extra phytases to the diet increases phytate breakdown and consequent utilization of plant phosphorus.
According to DuPont, one of the major feed enzyme manufacturers, phytases are the most widely used type of feed enzymes in the world, included in 90% of poultry and 70% of swine diets. Thus, increasing phytic acid degradation and improving the availability of plant phosphorus could have major benefits for poultry and swine producers, including lower levels of inorganic phosphorus inclusion in diets, reduced feed costs, and better sustainability of animal production.
Asia Pacific is projected to be the fastest-growing region in the feed enzymes market
Asia Pacific dominated the feed enzymes market in 2018; this has been supported by the presence of a large livestock population (FAO 2016) and the growth rate. Also, livestock producers in China and India are focusing on animal health by resorting to natural solutions. Additionally, there has been a rise in the demand for meat and meat products, in accordance with the need for a protein-rich meat diet.
The market for poultry is estimated to increase in India and China due to factors such as the focus on meat quality and public health campaigns, which encourage the consumption of lower-fat protein options. Fish consumption is also increasing in the region, owing to similar health trends. On the other hand, there has been an increase in production as well as consumption of dairy products in the region. These factors are expected to drive the feed enzymes market in the Asia Pacific region.
The presence of key feed enzymes manufacturers, such as BASF SE (Germany), DowDuPont (US), Koninklijke DSM N.V (Netherlands), Bluestar Adisseo (China), Kemin Industries (US), and Cargill Incorporated (US) is also responsible for the high growth of the region.
Key Topics Covered
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Opportunities in the Feed Enzymes Market
4.2 Feed Enzymes Market, By Type and Region, 2019
4.3 Asia Pacific: Feed Enzymes Market, By Livestock and Country, 2019
4.4 Feed Enzymes Market, By Form, 2019
4.5 Feed Enzymes Market, By Key Country, 2019
5 Market Overview
5.1 Introduction
5.2 Macroindicators
5.2.1 Increase in Feed Production
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Provision of Feed Cost-Efficiency
5.3.1.1.1 Poultry
5.3.1.1.2 Ruminants
5.3.1.1.3 Swine
5.3.1.1.4 Aquatic Animals
5.3.1.1.5 Pets
5.3.1.2 Increasing Demand for Animal-Based Products, Such as Meat Products, Dairy Products, and Eggs
5.3.1.2.1 Improved Meat Quality Or Egg Production
5.3.1.2.2 Improved Animal Health to Increase the Consumption of Animal-Based Food Products
5.3.1.3 Rise in the Global Demand for Naturally Produced Feed and Feed Additives
5.3.2 Restraints
5.3.2.1 Hydrolysis of Cellulose Remains Difficult
5.3.2.2 Higher Inclusion Rates of Enzymes May Have Negative Effects
5.3.3 Opportunities
5.3.3.1 Innovation in Phytase Production Processes
5.3.4 Challenges
5.3.4.1 High R&D Investments
5.3.4.2 Thermostability of Enzymes
5.4 Value Chain
5.5 Regulatory Framework
5.5.1 Regulation 1831/2003 on Feed Additives
6 Feed Enzymes Market, By Function
6.1 Introduction
6.2 Performance Enhancement
6.3 Feed Efficiency
7 Feed Enzymes Market, By Type
7.1 Introduction
7.2 Phytase
7.2.1 Phytases Help Break Down Indigestible Phytioc Acid and Release Digestible Phosphorus
7.3 Protease
7.3.1 Protease Reduces Nitrogen Emission During Livestock Production
7.4 Carbohydrase
7.4.1 Xylanase and Amylase are the Major Types of Carbohydrase
7.4.2 Xylanase
7.4.3 Amylase
7.4.4 Cellulase
7.4.5 Other Carbohydrases
7.5 Others
8 Feed Enzymes Market, By Source
8.1 Introduction
8.2 Microorganism
8.2.1 Microorganisms are the Most Preferred Source of Feed Enzymes Due to High Stability
8.3 Plant
8.3.1 Plant-Based Feed Enzymes Increase Phytate Breakdown, Thus Aiding in the Release of Phosphorous in Livestock
8.4 Animal
8.4.1 Animal-Sourced Feed Enzymes are the Least Preferred Because of Their Instability and High Cost
9 Feed Enzymes Market, By Form
9.1 Introduction
9.2 Dry
9.2.1 Ease of Application and Storage Makes It A Preferred Form
9.3 Liquid
9.3.1 Requirement of A Special Apparatus for Application Makes the Liquid Form Less Economical Than the Dry Form
10 Feed Enzymes Market, By Livestock
10.1 Macroindicators
10.1.1 Livestock Population Increase
10.2 Connected Market: Feed Additives
10.2.1 Growth in the Compound Feed Industry
10.2.1.1 Increasing Compound Feed Production
10.3 Introduction
10.4 Poultry
10.4.1 Poultry Segment Projected to Be the Largest During the Forecast Period
10.4.2 Broilers
10.4.3 Turkeys
10.4.4 Layers
10.4.5 Others
10.5 Swine
10.5.1 Feed Enzymes Help in the Breakdown of Complex Carbohydrates, Which are Not Utilized By Swine
10.5.2 Starter
10.5.3 Grower
10.5.4 Sow
10.6 Ruminants
10.6.1 Feed Enzymes are Added to Cattle Diets to Enhance Milk Production and Improve Feed Efficiency
10.6.2 Calves
10.6.3 Dairy Cattle
10.6.4 Beef Cattle
10.6.5 Others
10.7 Aquatic Animals
10.7.1 The Use of Feed Enzymes in Fish Feed has Provided Environmental Benefits as Well as Enabled the Use of Lower-Cost Feedstuffs
10.8 Others
11 Feed Enzymes Market, By Region
11.1 Introduction
11.2 North America
11.3 Europe
11.4 Asia Pacific
11.5 South America
11.6 Rest of the World (RoW)
12 Competitive Landscape
12.1 Overview
12.2 Company Ranking
12.3 Competitive Leadership Mapping
12.3.1 Visionary Leaders
12.3.2 Innovators
12.3.3 Dynamic Differentiators
12.3.4 Emerging Companies
12.4 Competitive Leadership Mapping (For Smes/Start-Ups)
12.4.1 Progressive Companies
12.4.2 Starting Blocks
12.4.3 Responsive Companies
12.4.4 Dynamic Companies
12.5 Competitive Scenario
12.5.1 New Product Launches
12.5.2 Expansions and Investments
12.5.3 Mergers & Acquisitions
13 Company Profiles
13.1 BASF SE
13.2 Dowdupont
13.3 Koninklijke DSM N.V
13.4 Bluestar Adisseo
13.5 Cargill
13.6 Associated British Foods PLC
13.7 Novozymes
13.8 Advanced Enzyme Technologies
13.9 Kemin Industries Inc.
13.10 Novus International Inc.
13.11 Azelis Holdings S.A.
13.12 Alltech
13.13 Bio Cat
13.14 Rossari Biotech Ltd.
13.15 Biovet JSC
13.16 Bec Feed Solutions
13.17 Bioresource International Inc.
13.18 Amorvet
13.19 Nutrex BE
13.20 Sunson Industry Group Co. Ltd.
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