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Global Feed Enzymes Market Growth, Trends and Forecasts to 2025 – Market sees growing demand for animal protein
Dublin, February 1, 2021 (GLOBE NEWSWIRE) – The report “Feed Enzymes Market – Growth, Trends and Forecasts (2020 – 2025)” has been added to ResearchAndMarkets.com’s offering. The global feed enzyme market is expected to register a CAGR of 7.3% during the forecast period. Increasing awareness, increasing demand for animal nutrition and the ban on antibiotics in many regions are pushing the livestock industry and meat manufacturers to use added nutrition in feed, which is expected to stimulate the global market for feed enzymes. to many governments around the world, especially in North America and Europe. Animals are often in their own waste and under constant pressure, which compromises their immune systems, making them more susceptible to infection. Asia Pacific is emerging as one of the fastest growing feed enzyme markets and is mainly driven by the presence of a large livestock population (FAO 2017) and an increasing number of feed mills. These above trends are attracting more players to enter the feed enzyme market. Food enzymes could prove to be suitable complementary strategies to support gut function and ensure their productive performance during coccidiosis infections. However, the outbreak of the Covid-19 pandemic has resulted in a supply chain disruption resulting in a shortage. It has slightly affected the feed enzyme market. Main Market Trends Growing Demand for Animal Protein Dairy production is one of the few sectors that has seen growth in all regions, mainly due to increasing consumer demand for dairy products such as milk, probiotics, cheese, yogurt and others. The European Union is one of the largest dairy markets in terms of volume consumption. For example, milk feed production in the European region grew by an average of 2%. The United States, China and India are the largest producers of ruminant feed, due to the presence of a large number of cattle and other ruminant populations and the high demand for milk and meat products. For example, according to Alltech Feed Survey, the United States produced 19 million tons of compound feed for dairy cattle and 21 million tons for beef cattle in 2018. This makes the United States the most important market for dairy and beef feed enzymes. The increasing production of dairy feed, coupled with the increasing demand for high-quality dairy products, has created a high demand for fiber-rich enzymes, such as phytases, which will help the poultry animals get better digestibility for different mixes of feed Ingredients, such as corn / soy flour. Asia-Pacific is the largest market The Asia-Pacific market is expected to register a high CAGR during the investigation period. Since China and India are a larger market in the Asia-Pacific region, their larger population is one of the key factors for Asia and the Pacific as the largest market in the world. In the two largest economies, China and India, there are an estimated 7,200 feed mills producing nearly 227 million tons of compound feed. China contributes nearly 18% to global compound feed production. Higher demand for and production of compound feed in the countries is expected to boost the feed enzymes market in the Asia-Pacific region as the feed and livestock industry, mainly broilers and pigs, continues to evolve at a faster pace in China. the feed mills are actively looking for innovations in feed enzymes that add value to the country’s growing livestock sector. For example, in June 2016, Kemin Industries came together with CRVAB Biotechnology Co. Ltd, an enzyme producer, to expand their ingredient offerings, particularly in feed enzymes for the growing livestock industry in the country. Competitive landscape The market analyzes indicate that the market studied is consolidated. , with large companies such as Koninklijke DSM NV, BASF SE, Dupont de Numerous Inc., Alltech Inc. and Adisseo dominate the market. Market players exploit the market potential through a variety of activities, including acquisition of other companies, investment in their R&D facilities, and more. Key topics: 1 INTRODUCTION 2 RESEARCH METHODOLOGY 3 SUMMARY 4 MARKET DYNAMICS 4.1 Market overview 4.2 Market drivers 4.3 Market constraints 4.4 Porter’s Five Forces analysis5 MARKET SEGMENTATION5.1 Animal type5.2 Type5.3 Geography6 COMPETITIVE LANDSCAPE 6.1 Most adopted strategies6.2 Market share analysis6.3 Company profiles7 MARKET OPPORTUNITIES AND FUTURE TRENDS8 IMPACT OF COVID-19 ON THE MARKET Companies Named DuPont de Nemours Inc. BASF SE Royal DSM NV AdisseoAlltech Inc. Novus International Inc. Kemin Industries Inc. Biovet Joint Stock Company Bio-Cat For more information on this report, visit https://www.researchandmarkets.com/r/ubks1r About ResearchAndMarkets.comResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key sectors, top companies, new products and the latest trends. CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager [email protected] For EST business hours, call 1-917-300-0470 For US / CAN toll free call 1-800-526-8630 For GMT business hours, call +353 -1-416-8900