Market Research Report
Animal Feed Enzymes Market Size By Form, By Product, By Livestock Industry Analysis Report, Regional Outlook, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2019 - 2026
|Published by||Global Market Insights Inc.||Product code||917751|
|Published||Content info||320 Pages
Delivery time: 2-3 business days
|Animal Feed Enzymes Market Size By Form, By Product, By Livestock Industry Analysis Report, Regional Outlook, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2019 - 2026|
|Published: November 1, 2019||Content info: 320 Pages||
Animal Feed Enzymes Market Size By Form (Dry, Liquid), By Product (Phytase, Carbohydrase, Protease, Non-Starch Polysaccharide), By Livestock (Poultry, Swine, Aquaculture, Ruminant) Industry Analysis Report, Regional Outlook, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2019 - 2026.
Animal Feed Enzymes Market is expected to surpass USD 2.3 billion by 2026. Rising concerns towards disease outbreak in poultry animals and growing regulations to promote livestock safety are increasing adoption of animal feed enzymes.
Some key findings of the animal feed enzymes market report include:
Consumers are preferring high quality feed grades to provide a balanced nutrition to animals owing to rising health disorders and concern towards animal wellbeing. Government across the globe are supporting advancements in feed manufacturing to meet effective animal health requirements and thereby contributing towards the business development.
Acceptance of feed enzyme technology to increase the nutritional value of feed ingredients and reduce feed costs is expected to drive the animal feed enzymes market growth. Protease is widely used in animal nutrition owing to its high heat stability and ability to protect environment by reducing nitrogen excretion from animal husbandry. These enzymes break protein molecules into essential amino acids which are required by the animals, thus favoring animal feed enzymes industry.
Rise in incidents of disease prevalence have resulted in increased regulations for additives to use in animal nutrition which shall hinder the business growth. Various government norms require feed enzymes to be certified safe before they can be used for livestock. In addition, concerns towards the health & safety of animal is influencing final product cost for manufacturers which is expected to limit the business expansion.
The market is expected to witness significant demand for poultry livestock due to changing consumer food habits and rising preference for non-vegetarian diet. Demand for high quality meat and milk products in North America has strengthened the need for efficient feed additives as substitutes to synthetic feed antibiotics. Animal feed additives market in the U.S. valued over at USD 6.5 billion in 2018.
Manufacturers globally are focusing towards the usage of safe additives in animal nutrition to safeguard public health. For instance, Enzyme Innovation, a U.S. based bioscience company launched DigeGrain Delta, multi enzymes blend to reduce the use of antibiotic growth promoters. The product enhances absorption of nutrients and improves performance of swine and poultry animals.
Companies are focusing on research & development activities to promote technological innovations and improve quality of livestock feed. Manufacturers are involved in implementation of new methods to enhance efficiency and performance of animal feed additives.
Major players are expanding their market presence by acquiring small scale enzyme manufacturing units to withstand the growing competition. Key manufacturers are making huge investments to enter emerging markets such as Brazil and Saudi Arabia.