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 Market Size 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 enzyme market. The global Feed Enzymes Market Size is expected to grow at a CAGR of 9.2% during the forecast period 2017-2023. 

Industry news

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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. 

Market segmentation

The global Feed Enzymes Market Size 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 Market Size. 

And on the basis of form, the global feed enzyme market can be divided into:

• Liquid
• Dry
• Others

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Competitive analysis

The major players in the Feed Enzymes Market

• 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.)

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