The worldwide animal feed enzymes market is anticipated to reach nearly USD 2.7 billion by 2025. It stood at USD 1.2 billion in 2015. Growing consumption of high protein foods is expected to drive demand for feed processing additives like enzymes. Consumer awareness regarding the importance of intake of animal proteins can influence global market growth over the forecast period (2014 to 2025).
Enzymes are chemicals that act as catalysts for various biochemical reactions in the body. They are used as additives in the production of animal foodstuffs. These components can withstand extreme temperatures during feed processing. Animal feed enzymes promote growth in animals and prevent maladies. They also help reduce the thickness of non-starch polysaccharides (NSP) during digestion. Demand for these enzymes is driven by their use in poultry and pig feeds. Use of non-GMO (genetically modified organism) components for producing animal feed enzymes is expected to favor production of natural food enzymes in the forthcoming years. Recent legislations forbid the use of chemicals and drugs to promote animal growth.
Novozymes and Royal DSM N.V. have collaborated to improve the quality of feeds for ducks, piglets, and broilers. They have managed to produce a new enzyme called the Ronozyme Multigrain. This substance is an amalgamation of xylanases, beta-glucanases, and arabinofuranosidases. It helps break down NSPs thus providing the required proteins to farm animals.
In-depth research report on global animal feed enzymes market - http://www.grandviewresearch.com/industry-analysis/animal-feed-enzymes-industry
The global animal feed enzymes market is segmented according to products, formulations, applications, and regions. On the basis of products, the categories are proteases, carbohydrases, phytases, and others. These substances aid in digestion in animals and also improve the efficiency of fodder. Phytases held a nearly 84% share in total revenues in 2015. These are rich in phosphorus and are vital for animal reproduction & metabolism. This is expected to boost livestock production. Expanding at a nearly 10% CAGR till 2025, proteases are anticipated to be the fastest growing segment. They are used in pig & poultry feeds. Carbohydrases had generated around USD 149.3 million in 2015.
Formulations are divided into liquid and dry. The latter dominated the formulations segment in revenue terms in 2015. Dry formulations are preferred over liquids because of their thermal stability during fodder processing. They are available in pellet grades and powdered forms. Dry formulations are increasingly being used in poultry and ruminant feeds. Equine, ruminant, poultry, pigs, aqua, and pets are major market applications. In 2015, poultry applications captured almost 44% share of the global market. These products help enhance the energy value of poultry foods while minimizing the levels of anti-nutritive components.
Key regions in the overall market are Central & South America (CSA), North America, Middle East & Africa (MEA), Europe, and Asia Pacific (APAC). Europe held around 32.2% market shares in 2015, followed by North America and APAC. Spain, Russia, and certain parts of Eastern Europe are expected to witness remarkable growth in the years ahead. Germany and Russia have the highest production of livestock across Europe. APAC too is anticipated to expand significantly owing to high meat consumption in India, China, and in other countries of Southeast Asia.
Prominent players in the worldwide animal feed enzymes market are Royal DSM N.V., Novozymes, Danisco A/S, and BASF SE. Acquisitions, joint ventures, production capacity expansions, and research and development (R&D) are key corporate strategies adopted by these players. For instance, in 2016, BASF SE introduced its latest product Natuphos E to cater to its large consumer base in India.