Feed additives have now become an essential part of globally increasing meat production industry value chain, according to a new market report from Market and Markets. Most of the feed additives are used in micro quantities in the form of injectable, pellets, liquids and powders.
There are variety of feed additives available that are used in different quantities and concentrations depending upon the type of animal and feed. Nutritional feed additives are amino acids, minerals, and vitamins that provide essential nutrition to the animal in order to gain lean meat and higher muscle mass at a faster rate. Non-nutritional feed additives protect animal against diseases, improve its digestive system, aid in reproduction, and reduce phosphate content in the livestock waste. Antibiotics, hormones, probiotics & prebiotics, and enzymes are few of the major non-nutritive feed additives. The global feed enzyme market is a fast growing segment of the feed additives market.
The report estimates the market size of the global feed enzyme market in terms of value and volume. It studies the market in various regions and key countries from each region. Market drivers, restraints and opportunities are discussed in detail for the same. Market share by major players and countries have also been discussed in this report. The reports profiles leading players of this industry including AB Vista (UK), Adisseo France S.A.S (France), Chr. Hansen (Denmark) and BASF SE (Germany).
Increasing population trends support the meat market globally, hence leading to a growth in the demand for feed enzymes. Non-starch polysaccharide enzymes (NSP) dominate the market share in terms of value. Protease enzyme shows promising growth across all regions, with a compound annual growth rate (CAGR) of 7.2 per cent from 2013 to 2018. Growing meat consumption in Asian subcontinent creates resultant demand for poultry and pig meat, and in turn for NSP and phytase enzymes.
Feed enzymes accelerate the biochemical reactions in animals in order to support life. These enzymes are added to pig, poultry, cattle and aquaculture to enhance the production efficiency. The major function of feed enzymes is to increase the digestibility of animals; like phytase is used in the animal feed to break down the protein consumed by the animals which enhances their digestibility. Some enzymes improve the fat absorption and starch digestibility that adds to the well-being of animals and reduces the mortality. Pig feed segment dominated the market share and is projected to grow at a healthy CAGR of 7.5 per cent. In terms of volume, poultry feed dominated the market scenario with a 44.0 per cent share in 2012.
The global market is dominated by the European region, accounting for 46.0 per cent share in 2012. The government regulation and technological advancement for feed enzymes exposed the European market to the various benefits and advantages of enzymes. High rate of adoption of phytase by manufacturers drives the North American market to grow at a healthy CAGR of 7.1 per cent from 2013 to 2018. Developing economies of Asia-Pacific such as India and China drives the regional market. Brazilian animal feed production drives the market for feed enzymes in Rest of the World (ROW).
The report breaks the market into the following three segments:
- Geography: The report is divided in to regions namely Asia-Pacific, Europe, North America and Rest of the World (ROW); and major countries such as US, Germany, China, India and Brazil.
- Types: The report divides the market on the basis of the types such as phytase, protease and non-starch polysaccharide enzymes such as xylanase, cellulase, mannase, Β-glucanase and pectinase.
- Applications: The feed enzyme market is divided by applications. The important applications considered in this report are pwine feed, poultry feed, ruminant feed, aqua feed and other feeds.
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