Feed Enzymes Market to Grow due to Rising Awareness on Meat Safety and Quality

2024-11-07 08:33:45 Lifestyle

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Feed enzymes are substances that are not found naturally within feedstuff and therefore have to be added in stored feeds for a number of purposes. They are utilized to prevent infectious diseases in animals, for improving feed digestibility, and promoting growth of the animals. They augment the biochemical reactions that help in improving the quality and nutritional value of animal feed. Hence, feed enzymes play a significant role in animal growth and provide adequate nutrition. The global feed enzymes market is rapidly expanding, offering lucrative growth opportunities owing to rising demand for meat products and milk from around the world.

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Increasing Concerns of Disease Outbreaks in Livestock to Boost Feed Enzymes Market

The globally rising awareness on meat safety and quality amongst people, the rising mass production of meat and milk via commercialized activities, and the increasing concerns of disease outbreaks in livestock are amongst the prime factors fuelling the market for feed enzymes. There are a number of opportunities that may change the dynamics of the feed enzymes market. The key factors include the rising prices of natural feed products, which have raised the demand for cheap alternatives such as feed enzymes. In addition, the ban over the use of antibiotics in animal feed in many developed countries has increased the demand for feed enzymes such as amino acids and acidifiers, as they have similar nutritional benefits and are safe to be utilized in livestock management. On the other hand, the soaring cost of raw materials utilized for the production of feed enzymes may impede the growth of the market in the coming years.

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Protease Poised to Overtake Non-Starch Polysaccharide Enzymes

On the basis of product type, the feed enzymes market is segmented into phytase, protease, and non-starch polysaccharide enzymes. Amongst these, phytase is a type of digestive enzyme that releases phosphorus in animals from the phytic acid present in it. Monogastric animals have a deficiency of phytases for the release of phosphorus. This is why phytases are given to livestock animals for improving their digestive capability. On the other hand, protease is essential for the breakdown of protein molecules into peptides and amino acids and hence helps in increasing the digestibility of proteins in animals. Non-starch polysaccharide enzymes help in enhancing phosphorus retention in animals and this segment holds the biggest share in the market at present. However, the protease product segment is predicted to grow exponentially in the forthcoming years and is poised to overtake the segment of non-starch polysaccharide enzymes on the basis of revenue in the coming years.

Europe Feed Enzymes Market Emerges as the Biggest Regional Market

On the basis of geography, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). Amongst these, the Europe feed enzymes market emerged as the biggest market due to the large consumer base and livestock rearing being done extensively in this region. On the other hand, Asia Pacific and Latin America will emerge as the biggest markets in the coming years and will create promising opportunities for the prime players.AB Vista, ASF SE, Novozymes, DuPont, and Addiseo, among others, are some of the prominent players operating in the market.

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