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Feed Enzymes Market: Global Industry Analysis 2018
Over the last few years, many countries have banned the use of antibiotics in animal feed. This has shifted demand towards feed enzymes, which are both rich in nutrition and environment friendly.
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All of these factors are collectively contributing to the rapid and continued growth of the animal feed enzymes market, which is further estimated to grow at a healthy rate over the forecast period of this report. Livestock breeders and farmers are increasingly turning towards feed enzymes as a solution to mitigating the outbreak of various diseases. Yet, a chief inhibitor to growth is the rising cost of raw material is pushing up the prices of feed enzymes. Despite this, non-natural feed enzymes are regarded as a cheaper alternative to natural feed products by many farmers and breeders. This factor will prove favorable to the global feed enzymes market in the years to come.
Globally, the feed enzymes market has the largest consumer base in the European region, where pastures and livestock rearing still remains a key component of economies. In the near future however, markets in Latin America and Asia Pacific will be on an upswing and will create lucrative growth opportunities for players in the feed enzymes market.
Segmentation of the global feed enzymes market
The global feed enzymes market is segmented broadly on product types such as: protease, phytase, and non-starch polysaccharide enzymes. The most promising growth is expected to take place in the protease enzyme segment. This segment will overtake the currently-dominant non-starch polysaccharide enzymes segment, in revenue terms. In the Asia Pacific region, phytase is the most widely-used enzyme, and will continue to demonstrate strong growth over the forecast period.
The global feed enzymes market is further segmented by subtypes as: pectinase, xylanase, cellulase, mannose and a-glucanase.
By application, the feed enzymes market can be segmented as: aqua feed, swine feed, ruminant feed and poultry feed.
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