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Feed Enzymes Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033
Feed Enzymes Market
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Surging Demand For Meat To Drive Market Growth
The increase in consumption of meat is expected to propel the growth of the feed enzymes market going forward. Meat refers to the flesh of animals that are used for consumption to offer a good source of protein, vitamins, and minerals in a diet. Enzymes are commonly employed in animal feeds to reduce the negative impacts of antinutritional elements in the structure of feed raw materials and improve performance, which helps to supply more meat per animal at a reduced cost while enhancing overall long-term well-being. For instance, according to the Organization for Economic Co-operation and Development (OECD), a France-based intergovernmental organization for trade, it is anticipated that global meat consumption per capita would rise by 0.3% per year to 35.4 kg in retail weight equivalent by the year 2030, where poultry meat represents 41% of all the protein from meat sources with an increase of 2% in 2030 due to its healthier food choice, cheap price, and convenience of preparation. Therefore, an increase in the consumption of meat drives the feed enzymes market.
Product Innovations Transforming The Feed Enzymes Market
Product innovation is a key trend gaining popularity in the feed enzymes market. Major companies operating in the feed enzymes market are adopting new technologies to sustain their position in the market. For instance, in December 2021, BASF SE, a Germany-based chemicals company launched Natupulse TS, a new enzyme product for animal feed. It consists of a non-starch polysaccharide (NSP) enzyme that hydrolyzes ß-mannans into smaller components, such as manno-oligosaccharides (MOS). Natupulse TS cleaves these ß-mannans by the action of mannanase, improving feed nutrient digestion. Additionally, the MOS created by ß-mannan hydrolysis may have prebiotic properties.
The feed enzymes market covered in this report is segmented -
1) By Type: Protease, Phytase, Carbohydrase, Other Types
2) By Source: Microorganism, Plant, Animal
3) By Form: Dry, Liquid, Other Forms
4) By Livestock: Swine, Poultry, Ruminants, Aquatic Animals, Other Livestocks
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Major companies operating in the feed enzymes market report are BASF SE, Koninklijke DSM N.V., Adisseo France SAS, Associated British Foods plc, Alltech Inc., E. I. du Pont de Nemours and Company, Archer Daniels Midland Company, Novozymes A/S, Novus International Inc., Kemin Industries Inc., BioResource International Inc., Rossari Biotech Limited, Azelis Holding S.A., Behn Meyer Holding AG, BEC Feed Solutions B.V., Bioproton Pty. Ltd., Chr. Hansen Holding A/S, Danisco Animal Nutrition, Enzyme Innovation Oy, Enzyme Supplies Limited, EnzymeWorks Inc., Epygen Labs Inc., Feedworks Pty. Ltd., Guangdong VTR Bio-Tech Co. Ltd., Huvepharma Inc., Kerry Group plc, Lallemand Animal Nutrition, Lesaffre Group, Lonza Group AG, MGP Ingredients Inc., Nutrex NV, Oy Veli-Matti Karkkainen Oyj
Contents of the report:
1. Executive Summary
2. Feed Enzymes Market Report Structure
3. Feed Enzymes Market Trends And Strategies
4. Feed Enzymes Market - Macro Economic Scenario
5. Feed Enzymes Market Size And Growth
…..
27. Feed Enzymes Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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