The feed enzymes market was valued at USD 842.9 Million in 2016. It is projected to grow at a CAGR of 9.3% from 2017, to reach 1,428.6 Million by 2022.
Northbrook, IL -- (SBWIRE) -- 09/06/2018 -- The report "Feed Enzymes Market by Type (Phytase, Protease, and Carbohydrase), Livestock (Ruminants, Swine, Poultry, and Aquatic Animals), Source (Microorganism, Plant, and Animal), Form (Liquid and Dry), and Region - Global Forecast to 2022", The feed enzymes market was valued at USD 842.9 Million in 2016. It is projected to grow at a CAGR of 9.3% from 2017, to reach 1,428.6 Million by 2022.
Browse 61 Market Data Tables and 47 Figures spread through 145 Pages and in-depth TOC on "Feed Enzymes Market - Global Forecast to 2022"
Early buyers will receive 10% customization on reports.
Increase in production/consumption of animal-based products, high cost of feed in livestock farming, ban on antibiotics as growth promoters, and positive impact on the environment are a few major drivers of the feed enzymes market. The replacement of expensive fish meal with feed enzymes and rise in awareness about feed quality provide feed enzyme manufacturers and distributors with lucrative opportunities. Hence, feed enzymes will be viewed as a business opportunity in the next five years.
Download PDF Brochure
Significant growth expected in the protease segment
Protease helps farmers save on feed costs, owing to which the use of protease can contribute significantly to the current efforts on reducing nitrogen emissions during livestock production. Hence, protease is an emerging type of feed enzyme that has been gaining popularity in the recent years.
Aquatic animals projected to be the fastest-growing livestock segment during the forecast period
With the globally increasing demand for fish and fish-based products, the demand for feed enzymes in the aquafeed industry is also projected to increase. The rising cost of fishmeal has further encouraged feed manufacturers to use enzymes in aquafeed as an economical alternative protein sources.
Make an Inquiry
Liquid projected to be the faster-growing segment, by form
On the basis of form, the liquid segment is larger in the global feed enzymes market. It is the more convenient, economical, and effective then dry enzymes in animal feed. Such benefits have opened lead to opportunities for the feed enzymes industry.
Significant growth expected in the microorganism segment
The increasing demand for new, enhanced or/and more multipurpose enzymes in order to improve the animal feed and microbial diversity and recent molecular techniques, such as metagenomics and genomics, drive the microorganisms segment.
Asia-Pacific to be the fastest-growing region during the forecast period
Increase in need for food security, high investment in R&D, and change in farming practices form the key to success in the Asia-Pacific region. Growth of population, progressive urbanization, and change in food habits among the consumers (increase in demand for quality meat products) have spurred the demand for feed enzymes in the region. China is estimated as the largest market for feed enzymes in the region. Substantial growth is witnessed in India, Japan, Vietnam, and Pakistan, due to the increase in buying power of the population and demand for protein-rich meat diets. Such factors drive the Asia-Pacific region in the feed enzymes market.
The key companies include BASF SE (Germany), E. I. du Pont de Nemours and Company (U.S.), Associated British Foods plc (U.K.), Koninklijke DSM N.V. (Netherlands), and Adisseo France SAS (France). These are well-established and financially stable players that have been operating in the industry for several years. Other significant players include Azelis Holdings SA (Belgium), Rossari Biotech Ltd (India), BIO-CAT (U.S.), and Alltech Inc. (U.S.).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441