Animal Feed Enzymes Market size is estimated to be $1.5 billion in 2019, growing at a CAGR of 8.1% during the forecast period 2020-2025. Animal Feed Enzymes help break down indiscriminating factors (e.g. fiber, phytate) that are naturally occurring in various ingredients. Indiscriminating factors is set to result in decreased meat or egg production and inferior feed efficiency, and can cause digestive disturbances as well. Moreover, exogenous enzymes are mainly added to enhance the accessibility of nutrients from feed ingredients. In addition, the animal feed industry uses enzyme that degrade crude fiber, proteins, starch and phytates and being proteins, they are eventually digested or excreted by the animal, having no residual effect on products like meat or eggs. Furthermore, feed enzymes enhance the competence of meat and egg production by improving the nutrient utilization and reducing animal excrete/waste. Rising demand of meat and dairy products such as cheese, cream and butter is propelled to drive the animal feed enzymes market in the future. The use of food products is governed by the provision of the Federal Food, Drug and Cosmetic Act, and the regulation issued under this authority. FDA’s Center for Food Safety and Applied Nutrition is responsible for the regulation of human food products and FDA’s Center for Veterinary Medicine (CVM) is responsible for the regulation of animal food (feed) products. Furthermore, in February 2019 AB Vista turns to microbiome development in poultry and swine with dual action product release.
Key Takeaways
- Phytases held the major market share in 2019, owing to its ability to reduce antinutritional effect of phytate and improve the digestibility of phosphorous, calcium, amino acids and energy as well as reduce the negative impact of inorganic excretion to the environment.
- Poultry segment held the largest market share in the year 2019 owing to the rising meat consumption along with the growing demand of poultry products is anticipated to trigger its market growth.
- Europe contributed to the largest market share of 32% owing to the factor that Germany and Spain hold the largest livestock production sector across entire Europe.
- Increasing demand of dairy products such as cream, cheese and butter is a major factor driving the Animal Feed Enzymes Market during the forecast period 2020-2025.
By Product- Segment Analysis
By Product, the Animal Feed Enzymes Market is segmented into Phytases, Carbohydrase, Protease and Others. Phytases held the major market share in 2019, owing to its ability to reduce antinutritional effect of phytate and improve the digestibility of phosphorous, calcium, amino acids and energy as well as reduce the negative impact of inorganic excretion to the environment. Moreover, microbial phytases are the most commonly used exogenous enzymes in the feed for monogastric animals. Also, carbohydrase segment is projected to witness growth at fastest CAGR of 8.7% in forecast period 2020-2025. Carbohydrase enzymes degrade starch, releasing the molecules that form a usable source of energy for the animal. Like phytases, carbohydrase also proved to be an effective feed additive. In addition, two most commonly used carbohydrase enzymes are the amylase and xylanase enzymes. Thus, the rising demand of phytases, carbohydrates and proteases to improve feeding efficiency and digestion of animals is likely to accelerate rapidly in the near future which in turn is likely to accelerate the Animal Feed Enzymes market during the forecast period 2020-2025.
By Livestock- Segment Analysis
By Application, the Animal Feed Enzymes is segmented into Poultry, Swine, Ruminants, Aquaculture and Others. Poultry segment held the largest market share in the year 2019 owing to the rising meat consumption along with the growing demand of poultry products is anticipated to trigger its market growth. Moreover, corn and soybean are the major ingredient used for poultry and swine diet. In addition, enzymes are added to animal diet to improve the efficiency of digestion, particularly in younger and weaning animals. By increasing the absorption rate of nutrients in the gut, enzymes supplements are an effective way of promoting general good health among livestock. Animals remain healthier for longer, since more efficient absorption of nutrients from their feed helps to promote enteric health and inhibit the growth of disease-causing bacteria. This can reduce the incidence of disease and illness among animals thereby cutting veterinary cost and improving overall efficiency. Furthermore, Enzyme Innovation offers two enzyme blends made especially for poultry and swine nutrition including DigeGrain Delta and DigeGrain Super which specially target the digestive needs of poultry and pigs to increase nutrient use significantly. Therefore, the rising demand of poultry food is poised to provide significant boost to the market evolution.
Geography- Segment Analysis
Europe contributed to the largest market share of 32% owing to the factor that Germany and Spain hold the largest livestock production sector across entire Europe. Growing cattle population along with the strict government regulation for food safety in this region have highly supported the growth of regional market. Moreover, the market is significantly supported by the presence of key player in the region including Adisseo and Behn Meyer Chemicals. Moreover, in September 2016, BioResource International Inc., a global biotechnology company specializing in the research, development and manufacture of high-performance enzyme feed additives for optimizing animal nutrition and gut health, has signed an agreement with Connell Bros Co LLC a Wilbur-Ellis company, for the distribution and marketing of selected feed enzyme products in Thailand, Vietnam, Indonesia and Myanmar.
Drivers – Animal Feed Enzymes Market
- Increasing Demand of Poultry Foods
Increasing demand of poultry foods and meat is a major factor driving the Animal Feed Enzymes Market during the forecast period 2020-2025. Moreover, according to the Food and Agriculture Organization of the United Nations poultry meat and eggs are among the animal source food most widely eaten at global level, across greatly diverse cultures, traditions and religions. Consumption of poultry meat and eggs and of animal source foods has increased rapidly in past decades. Growing demand has mostly been driven by population growth, urbanization and rising incomes in developing countries.
- Increasing Demand of Dairy Products
Increasing demand of dairy products such as cream, cheese and butter is a major factor driving the Animal Feed Enzymes Market during the forecast period 2020-2025. Growing demand of milk products requires efficient feeding of high-quality feeds to animals to enhance production. Thus, an increase in the expenditure of animal care products along with animal feed enzymes is anticipated to trigger its market growth.
Challenges – Animal Feed Enzymes Market
- Side-Effects of Feed Enzymes
Side-Effects of animal feed enzymes serves as a major setback for the growth of the Animal Feed Enzymes Market during the forecast period 2020-2025. For instance, large amount of feed enzymes can affect the gastrointestinal tract thereby leading to upset stomach, stomach pain, cramping, diarrhea, gas and bloating, swelling, dizziness and changes in blood sugar level.
Animal Feed Enzymes Market Industry Outlook
Product Launches, Merger & Acquisition, joint ventures and R&D activities are key strategies adopted by the players in Animal Feed Enzymes Market. Animal Feed Enzymes Market top 10 companies are Ab Vista, Adisseo, Advanced Enzyme, BASF SE, Behen Meyer Holding AG, Beldem SA, Bioproton Pty Ltd, Bioresource International Inc., Danisco A/S and Elanco.
Developments:
July 2019: Genedata, a leading provider of advanced software solution for life science R & D collaborated with AB Enzymes, a member of Associated British Foods and one of the leading enzyme manufacturers to digitalize strain development.
