Press release
Feed Enzymes Market – BASF SE; DuPont; Associated British Foods plc; Koninklijke DSM N.V.; BEHN MEYER; Azelis S.A.; Adisseo; NOVUS INTERNATIONAL; Rossari
Feed Enzymes Market growth
Global Feed Enzymes Market is expected to register a substantial CAGR of 7.11% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the various market players dealing in strategic alliances and expansion of their business presence in different regions along with the large-scale industrialization of animal based goods.
Market Definition: Global Feed Enzymes Market
Feed enzymes are food additives/nutritional ingredients added to the feed diet of various animal variants to enhance their nutritional intake so that their growth rate can be enhanced. These enzymes offer different nutritional benefits depending on their type; some are digestive enzymes, nutritional enzymes and some offer growth enhancement. These enzymes are added to the feed for animals due to their low-cost nutritional enhancement feature.
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Market Drivers:
Increasing demand and preference for animal-based products and services is expected to drive the growth of the market
Laws preventing the use of antibiotics and other unethical growth promoters is expected to drive the growth of the market
High levels of financial costs associated with the usage of feed in agriculture practices resulting in the need for improving their effectiveness is also expected to augment growth of the market
Usage of these enzymes have a positive impact on the overall eco-system and its balance as it enhances the animal health; this factor is expected to enhance the growth of the market
Segmentation: Global Feed Enzymes Market
By Type
Phytase
Protease
Carbohydrase
Amylase
Xylanase
Mannanases
Beta-Glucanase Enzymes
Non-Starch Polysaccharides
Others
By Source
Microorganism
Plant
Animal
By Livestock
Ruminants
Swine
Poultry
Aquatic Animals
Pets
Horses
Others
By Form
Liquid
Dry
By Geography
North America
Europe
Asia-Pacific
South America
Middle East and Africa
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Key Developments in the Market:
In July 2018, Archer Daniels Midland Company announced that they had acquired Neovia for USD 1.8 billion approximately to fulfil their strategic plan of expanding their business operations for animal nutrition. The acquisition will help in expansion of Neovia’s production facilities across various geographical regions along with the R&D facilities. This will help in significant improvement in the presence of Archer Daniels Midland Company especially in the France region
In July 2017, Advanced Enzyme Technologies announced that they had agreed to acquire Evoxx Technologies GmbH for 7.65 million Euros which will help in the improvement of enzyme capabilities of Advanced Enzyme Technologies, with a greater focus on R&D advancements. This acquisition will also improve the presence of Advanced Enzyme’s presence in the European region
Competitive Analysis:
Global feed enzymes market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of feed enzymes market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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Key Market Competitors:
Few of the major competitors currently working in the global feed enzymes 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.
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