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 Type Industry is projected to propel by increasing awareness regarding available health benefits to farm animals from the feed enzymes. Increased awareness about the feed enzymes has raised the bar of feed quality, which, in turn, has increased the share of global Feed Enzymes Type Industry. The global Feed Enzymes Type Industry is expected to grow at a CAGR of 9.2% during the forecast period 2017-2023. 

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. 

Competitive analysis

The major players in the Feed Enzymes Type Industry

• BASF SE (Germany)
• I. du Pont de Nemours and Company (U.S.)
• Associated British Foods plc (U.K)
• Koninklijke DSM N.V. (the Netherlands)
• Behn Meyer Holding AG (Germany)
• Adisseo France SAS (France)
• Azelis Holding S.A. (Belgium)
• Novus International, Inc. (U.S.)
• Rossari Biotech Ltd. (India)
• Alltech, Inc. (U.S.)

ACCESS REPORT DETAILS @ https://www.marketresearchfuture.com/reports/feed-enzymes-market-5130

Market segmentation

The global Feed Enzymes Type Industry 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 Type Industry. 

And on the basis of form, the global Feed Enzymes Type Industry can be divided into:

• Liquid
• Dry
• Others

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street,5Th Floor, New York,

New York 10013,

United States of America