Animal Feed Enzymes market revenue is estimated to be $XX Billion in 2019 and shall grow with a CAGR of XX.X% during the forecast period of 2019 to 2026.
Animal Feed Enzymes are substances that are added to the food for livestock to improve the meat’s nutritional value and reduce feed expenses. Thus, it is a vital procurement product for livestock owners. The main driver is the rapid increase in meat consumption over the past decade. Additionally, the other main driver is the shifting consumer patterns towards healthy meat. However, one of the challenges remains the dearth of policy-level guidelines.
Analysis by Form
According to the form, the two main segments are Liquid and Dry. The Animal Feed Enzymes market report claims that the latter will lead the market acceptance over its counterpart. Benefits include the ease of handling and enhanced heat stability. The Animal Feed Enzymes market research has concluded that this product contains vital proteins that are critical for livestock growth. They are easily digested by the animals and augment the overall health of the livestock.
Analysis by Product
According to the product, the four segments are Non-Starch Polysaccharide, Protease, Carbohydrase, and Phytase. The Animal Feed Enzyme market share is likely to be led by Phytase as it presents a rich source of phosphorous. This is a suggested additive that enables higher lactation rates in cattle. Phosphates from natural sources are not justified as feed ingredients. Thus, the addition of plant-based phosphorous in livestock diet has an economic advantage.
Analysis by Livestock
According to the Livestock, the four major segments are Aquaculture, Swine, Poultry, and Ruminant. The Animal Feed Enzymes market size is dominated by Poultry as it is the most widely used meat segment. Moreover, it is also the least capital intensive business to set up as compared to the other three segments in this category. The Animal Feed Enzymes market estimation for Swine and Ruminant are looking promising as well. This is mostly linked to consumers with higher disposable incomes.
Analysis by Region
The European Union is a large consumer of Beef, Pig, and Poultry. The Animal Feed Enzyme market forecast is bullish as high-quality animal rearing is carried out in this region. Countries such as Germany, The Netherlands, and Italy are front runners. The businesses are cognizant of livestock bugs such as Swine flu and Avian Influenza. Strict measures are put in place to avoid these diseases as it is a very competitive market in terms of the quality, texture, and flavor of the meat. Government policies also advocate the use of suitable enzymes to maintain livestock health. This will drive the Animal Feed Enzymes price trend in an upward spiral as specialized enzymes will be demanded in quantities larger than the available supplies.
Analysis by Renowned Businesses
The leading Animal Feed Enzymes companies are BASF, DSM, Chr. Hansen A/S, Novozymes, Novus International, Dupont/Danisco A/S, AB Enzymes and Lonza Group. Strategic partnerships among global organizations and regional players are likely to play out to serve customized demand. This industry usually spends a dedicated budget on R&D to affect better product development. Sensitive markets such as this are driven by the quality and effectiveness of the product and less by the price. Thus, the significance of research for sustained growth. Other industries in this domain that are growing at a high CAGR include Enzyme-Linked Immunosorbent Assay (ELISA) Market and Aquafeed Market.
• Market Revenue Estimation and Forecast (2019 – 2026)
• Market Production Estimation and Forecast (2019 – 2026)
• Market Sales/Consumption Volume Estimation and Forecast (2019 – 2026)
• Breakdown of Revenue by Segments (2019 – 2026)
• Breakdown of Production by Segments (2019 – 2026)
• Breakdown of Sales Volume by Segments (2019 – 2026)
• Gross Margin and Profitability Analysis of Companies
• Business Trend and Expansion Analysis
• Import and Export Analysis
• Regional Analysis and Market Data Breakdown
By Form Outlook ($Revenue and Unit Sales, 2019-2026)
By Product Outlook ($Revenue and Unit Sales, 2019-2026)
• Non-Starch Polysaccharide
By Livestock Outlook ($Revenue and Unit Sales, 2019-2026)
By Regional Outlook ($Revenue and Unit Sales, 2019-2026)
• North America
o New Zealand
• Latin America
• Middle East & Africa
o South Africa
• Chr. Hansen A/S
• Royal DSM N.V.
• Foodchem International Corporation
• AB Enzymes
• Dupont/Danisco A/S
• Novus International
• Lonza Group
• Specialty Enzymes and Biotechnologies
• Advanced Enzymes
• Aumgene Biosciences
• Azelis Holdings SA
• Enzyme Innovation
• BioResource International
• Lumis Biotech