Feed enzymes are described as the additives designed for adding to various feed products and diets of animals which can subsequently enhance the levels of nutritional ingredients, compositions and consumption capabilities of consumers. These enzymes improve the quality of feed while reducing the requirement of large volume of feed consumption. There are a wide-variety of enzymes present for feed with each category offering different functionalities as digestive enzymes, nutritional enzyme, health enzymes among others.
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The main factors boosting the Global Feed Enzymes Market are:
- Increasing demand and preference for animal-based products and services: With the consumer preference increasing for consumption of animal-based products there is a renewed need for having high amounts of effectiveness from the existing livestock population. Farmers have initiated the usage of various nutritional products and compounds that can enhance the production volume and quality produced through their livestock
- Laws preventing the use of antibiotics and other unethical growth promoters: Another important factor that is promoting the usage of feed enzymes is the presence of various regulations and compliances regarding the prohibition of antibiotic usage in promoting growth of livestock or enhancing their production capabilities. There has been strict action against the usage of unethical or unapproved growth promoters which has resulted in various end-users looking towards ethically efficient and approved product range consisting of various feed additives such as enzymes, mycotoxins among others.
The market is segmented on the basis of type as phytase, protease, carbohydrase, non-starch polysaccharides, others; source as microorganism, plant, animal; livestock as ruminants, swine, poultry, aquatic animals, pets, horses, others; form as liquid, dry.
Some of the Global Feed Enzymes Market developments are as follows:
- In September 2018, Novozymes along with DSM announced the availability of “BalanciusTM”, an additive designed for broiler chickens helping improve their gut health which can be subsequently used for enhancing the nutrient consumption capabilities in the poultry. The feed additive works by removing the presence of bacterial cell debris from the chicken’s gut helping them gain better nutrients from a lower volume of feed consumption
- In February 2018, Archer Daniels Midland Company announced the availability of various specialty feed ingredients which has subsequently expanded their product range for the inclusion of poultry and swine applications. The product portfolio was exhibited and launched during the International Packaging and Processing Expo (IPPE) held in Atlanta, Georgia, United States. The “Empirical” product range launched includes the “Empirical NSP (non-starch polysaccharide)” helping improve fiber digestion for poultry. This product launch will enable the company to meet the growing expectations and demands for better nutritional capabilities
“According to Data Bridge Market Research, global feed enzymes market is expected to be growing at a substantial CAGR of 7.11% during the forecast period of 2019 to 2026”
Some of the major players operating in the market are BASF SE; DuPont; Associated British Foods plc; Koninklijke DSM N.V.; BEHN MEYER; Azelis S.A.; Adisseo; NOVUS INTERNATIONAL; Rossari; BIO-CAT; BEC Feed Solutions; BioResource International, Inc.; Bioproton Pty Ltd.; Alltech; Lesaffre; Advanced Enzyme Technologies; Karyotica Biologicals Pvt Ltd.; Aum Enzymes; CapriEnzymes; Enzyme Innovation; Lumis; VEMO 99 Ltd.; Biovet; Chr. Hansen Holding A/S; Novozymes; Cargill, Incorporated; New Hope Group; ENMEX; Aumgene Biosciences and Archer Daniels Midland Company among others.
Various government initiatives worldwide regarding the promotion of information and utilization of feed additives and enzymes to improve the quality of feed being fed to the livestock, has a positive impact on the demand for feed enzymes from various farmers and agriculture industry The players are more aware regarding the various benefits of adding feed enzymes into the feed diet for their livestock.
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