Feed Enzyme Market and its Growth Prospect in the Near Future - Top Key Players are Adisseo France SAS, Rossari Biotech, Alltech, Associated British Foods plc, ovus International Inc.

Feed enzymes are enhancer that are incorporated in the animal feed during the manufacturing process to resolve the nutrient deficiencies in farm animals. Sometimes, animals face digestive troubles due to the consumption of anti-nutritional ingredients in the feed, which can be avoided by addition of feed enzymes. The feed enzymes are not only capable of withstanding acidic condition but also the heat generated during the pelleting process that breakdown starch, making the feed more digestible. With the global rise in demand of meat industry, and awareness among customers for the animal’s health and wellbeing, the considerable growth in the global feed enzyme market has been observed. Further, the need to opt for cheaper alternatives and to fulfill the globally growing demand of protein will drive the feed enzyme market in the coming years.

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The global feed enzyme market is segmented on the basis of type, livestock, form, source. On the basis of type, phytase held the largest share in the global market in 2016; in comparison to protease, carbohydrase, lipase, and non-starch polysaccharides. However, protease is expected to witness significant growth during the forecast period (2017 – 2023) due to its low cost and its ability to reduce nitrogen emission. On the basis of livestock, poultry livestock was the largest contributor to the global market in 2016, as a result of the high demand in poultry meat. On the basis of form, the feed enzyme market is segmented into liquid and dry form. Liquid form has advantage over dry form due to the ease of mixing enzyme in the animal feed, and is economical over dry feed. Therefore, liquid form was the largest contributor to the global market in 2016, as compared to dry form.

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The global feed enzyme market is expected to witness considerable growth during the forecast period. The major factors driving its growth are the increase in demand in the consumption of animal-meat and animal based products. Recently, the outbreak of diseases among livestock such as avian influenza, classical swine fever, bovine spongiform encephalopathy, has raised awareness among consumers to focus on the healthy well-being of livestock and to avoid recurrence of such situations. The need to develop cheaper alternative to feed has persuaded manufacturers to look for other options such as plant source for feed enzyme. This is expected to have positive impact on the growth of the global market in the coming years. Moreover, the ban applied on usage of antibiotics to opt for more natural based products is also driving the global feed enzyme market.

Europe accounts the largest share in the global feed enzyme market in 2016, followed by North America, owing to the larger consumption of meat in the European countries. Besides, research in these countries to generate better performing enzymes will strengthen the global market. Different countries in Asia-Pacific such as; China, India, Japan, Australia with the larger population and changing food habits are expanding the feed enzyme market and is expected to be the fastest growing market during the forecast period. China expected to be the largest consumer of feed enzyme in the Asia-Pacific market.

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Some of the key players in the global feed enzyme market are BASF SE, E. I. duPont de Nemours and Company, Adisseo France SAS, Rossari Biotech Ltd., Alltech Inc., Lesaffre & Cie, Associated British Foods plc, Koninklijke DSM N.V., Azelis S.A., Novus International Inc., and BIO-CAT.

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