Feed Enzymes Market Analysis 2018 | Regional Trend, Future Growth, Business Prospects, Leading Players Updates | Industry Research Report

Market Overview:

Feed enzymes are used to improve the feed quality, animal health, and reduce the livestock diseases, which further enhances the quality of products derived from livestock. The Asia Pacific market for feed enzymes is expected to keep growing over the forecast period due to rising meat consumption, and increasing health awareness across the globe. Major Key players are investing in R&D for innovating the product lines.

Moreover, leading players are also investing in partnership with various feed enzyme associations, and industrial bodies as the primary focus area to grow the consumer base. Additionally, increasing number of health-conscious consumers in this region is one of the driving forces for this market.

The Asia Pacific region is dominating the feed enzymes market and is expected to have a substantial growth over the forecast period, 2017-2023. In the Asia Pacific region, China is the major importer of the poultry and meat products, which has opened the opportunity for the use of feed enzymes in this region. Moreover, increasing population and demand from poultry and livestock industry are boosting the growth of the feed enzymes in this region. This has opened the opportunity to introduce new products in the animal feed in this region.

Furthermore, the high cost of the processing and raw materials is likely to hamper the market growth in the upcoming years. Nevertheless, all these factors are expected to lead the growth of the Asia Pacific feed enzymes market at a CAGR of 9.6% during the review period, 2017-2023.

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Major Key Players:

This report includes a study of strategies such as mergers, acquisitions, and product launches by the major feed enzymes players. It further includes product portfolios, developments of leading players, which includes

• 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) and
• Alltech, Inc. (U.S.)

Industry Segments:

The feed enzymes market is segmented into type, livestock, and form.

On the basis of the type, it is segmented into protease, phytase, and others. Among all, the phytase enzyme segment is dominating the market followed by whey protease enzyme owing to the presence of phosphorus content that is helpful in improving animal metabolism as well as reproduction.

On the basis of the livestock, it is segmented into swine, poultry, ruminants, aquatic animals, and others. Among all, the poultry segment is dominating the market. These additives are used for the processing of ruminant feed plays an important role in terms of improving animal health, digestibility, maximum utilization of nutrients, and minimizing the environmental impact.

On the basis of the form, it is segmented into dry, liquid, and others. The dry form segment is dominating the market due to its ease of handling and good thermal stability.

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Regional Analysis:

The feed enzymes market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). The North American region is dominating the market followed by the Asia Pacific owing to the increasing demand for nutritive protein-based feed products among the developed countries of these regions. Canada, Germany, the U.K, the U.S., and China are the major importers of feed enzymes.

Moreover, rising demand for poultry products in countries like the U.S., Canada, and Mexico in the North American region is projected to boost the feed enzymes market during the forecast period. Additionally, the major key players are actively involved in the research & developments of the product conforming to North American regulations for feed fortification with feed enzymes.