Animal Feed Enzymes Market Ultimate Analysis by Prominent Players - BASF SE, Chr. Hansen A/S, Beldem S.A., Flavorchem Corporation, Novozymes, Rossari Biotech Limited
Shifting consumer focus on animal nutritional intake for high quality meat due to its enhancing biological properties will drive the animal feed enzymes market growth. Increase in global meat consumption boosted the overall livestock husbandry. Global average meat consumption was over 75 pounds in 2016.
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Improving nutrient content, energy utilization, and livestock health are the key properties enhancing the product demand. Large presence of fibers altering the gut viscosity increases the overall livestock efficiency.
Increasing consumer preference for processed meat and dairy products along with proliferating hypermarkets & supermarkets will support the industry growth. Rising awareness pertaining to fodder quality coupled with competitive prices are the key factors fueling the product demand.
Inclination towards animal feed enzymes over antibiotic growth promotors due to stringent government regulations will propel the industry demand. In addition, animal feed enzymes aid in lowering amount of livestock wastes. This helps to bring down the phosphorus and nitrogen content in excreta, thus positively impacting environment by reducing pollution.
European animal feed enzymes market size will worth over USD 860 million by 2024. Germany and Spain hold largest livestock production across the Europe. Presence of strong end use industries coupled with efficient distribution network is the key growth factor for product demand. Russia is expected to portray fastest growth owing to increasing livestock production along with increasing pork consumption.
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Growing concerns about disease outbreak in livestock and meat quality is expected to fuel animal feed enzymes market size. The Food and Drug Administration (FDA) in the U.S. enacted regulations to promote safety of livestock fodder, pet food and medicated forage. Further, steep product prices, owing to high raw material cost will hamper market growth.
Global animal feed enzymes market share was led by poultry, accounting for more than 40% in 2016. Minimizing antinutritive components and improving energy value of fodder promotes the weight gain in poultry.
Phytase animal feed enzymes market is anticipated to grow around 6.5% up to 2024. High phosphorus content improves livestock metabolism and reproduction. Additionally, increasing fodder consistency and enhancing livestock production will drive the industry growth.
Protease market was valued over USD 150 million in 2016. Increasing product consumption as protein digesting molecule is gaining high importance particularly in poultry and pigs. Enhancing proteins that bind starch within forage ingredients makes more of starch energy available to the livestock.
Dry animal feed enzymes market size is estimated to register over 60 kilotons by 2024. Superior thermal stability in fodder processing, ease of handling and advanced enzyme activity has increased product preference over liquid based additives. Dry formulation is available in pellet and powder form.
Asia Pacific is the fastest growing region with 7.5% CAGR up to 2024. Rising meat consumption, increasing disposable income along with awareness about livestock diseases are the key factors driving the animal feed enzymes market.
Global industry share is highly competitive due to presence of regional and local manufacturers. Some of the key industry participants are BASF, Danisco, Rossari Biotech, Beldem, Alltech, Shenzhen Leveking Bio-Engineering, Adisseo AB Vista, Novozymes and Kemin.
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TABLE 1. Animal feed enzymes industry 3600 synopsis, 2013 - 2024
TABLE 2. Global animal feed enzymes market estimates and forecast, 2013 – 2016, (Kilo Tons) (USD Million)
TABLE 3. Global animal feed enzymes market estimates and forecast, 2017 – 2024, (Kilo Tons) (USD Million)
TABLE 4. Global animal feed enzymes market volume estimates and forecast by form, 2013 - 2016 (Kilo Tons)
TABLE 5. Global animal feed enzymes market volume estimates and forecast by form, 2017 - 2024 (Kilo Tons)
TABLE 6. Global animal feed enzymes market revenue estimates and forecast by form, 2013 - 2016 (USD Million)
TABLE 7. Global animal feed enzymes market revenue estimates and forecast by form, 2017 - 2024 (USD Million)
TABLE 8. Global animal feed enzymes market volume estimates and forecast by product, 2013 - 2016 (Kilo Tons)
TABLE 9. Global animal feed enzymes market volume estimates and forecast by product, 2017 - 2024 (Kilo Tons)
TABLE 10. Global animal feed enzymes market revenue estimates and forecast by product, 2013 - 2016 (USD Million)
TABLE 11. Global animal feed enzymes market revenue estimates and forecast by product, 2017 - 2024 (USD Million)
TABLE 12. Global animal feed enzymes market volume estimates and forecast by livestock, 2013 - 2016 (Kilo Tons)
TABLE 13. Global animal feed enzymes market volume estimates and forecast by application, 2017 - 2024 (Kilo Tons)
TABLE 14. Global animal feed enzymes market revenue estimates and forecast by livestock, 2013 - 2016 (USD Million)
TABLE 15. Global animal feed enzymes market revenue estimates and forecast by livestock, 2017 - 2024 (USD Million)
TABLE 16. Global animal enzymes market volume estimates and forecast by region, 2013 - 2016 (Kilo Tons)
TABLE 17. Global animal feed enzymes market volume estimates and forecast by region, 2017 - 2024 (Kilo Tons)
TABLE 18. Global animal feed enzymes market revenue estimates and forecast by region, 2013 - 2016 (USD Million)
TABLE 19. Global animal feed enzymes market revenue estimates and forecast by region, 2017 - 2024 (USD Million)
TABLE 20. Vendor matrix
TABLE 21. Enzymes market trade statistics by country, 2015
TABLE 22. Enzymes market trade statistics by country, 2016
TABLE 23. Key animal feed enzymes and their sources
TABLE 24. Sustainability benefits of selected BASF feed additives
TABLE 25. North America pricing
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