New York, July 21, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Feed Enzymes Market by Type, Livestock, Source, Form And Region - Global Forecast to 2025" - https://www.reportlinker.com/p05001213/?utm_source=GNW
3 billion in 2020 and is projected to reachUSD 1.9 billion by 2025, at a CAGR of 8.1% during the forecast period. The market has a promising growth potential due to several factors, including the stringent safety regulations on livestock safety across the globe, increasing demand for meat and dairy products among consumers, and rising population with an increasing disposable income in emerging economies.
The application of enzymes as a feed additive has been prevalent for the past 20 years.During this period, the feed enzyme industry came into existence and had undergone several phases of development.
The demand for animal-based products is increasing across the globe, with an increase in population and changing lifestyles.The demand for high-protein diets, due to health consciousness, has increased the consumption of meat and other animal-based products.
This has contributed to the growth of the feed & feed additives industry.
Growing concerns over food safety and the quality of meat products due to various disease outbreaks have further led to an increase in demand for feed additives.Feed enzymes have also become a significant part of the globally increasing dairy and meat industry.
Feed enzymes are feed additives that increase the digestibility of feed to improve nutrient availability, thereby leading to the proper growth of livestock; this leads to an increase in the production of animal-based products.Feed enzymes are used to maximize feed utility and quality of products.
They also help reduce the feed costs, which is projected to drive the demand for these enzymes. These factors are expected to drive the growth of the market in the next few years.
The recent COVID-19 pandemic is expected to impact the global feed enzyme industry.The entire supply chain is disrupted due to a limited supply of enzymes.
Even though the demand for feed has been relatively stable, the supply has been impacted significantly by the COVID-19 pandemic.The movement restrictions and illnesses are resulting in labor shortages and reduced supply of raw materials.
The disruption in supply routes has further led to delays in feed supply.However, the demand for feed enzymes in the livestock industry is likely to increase in the first and second quarters of 2020.
For instance, as the US government implemented stay-at-home orders, many farmers resorted to panic buying of feed additives in anticipation of potential shortages. Several concerns, such as truck shortages, reduced deliveries, and employees contracting COVID-19, have encouraged breeders to stock their feed supplies and feed enzymes. This has led to an increase in demand for feed enzymes during the first week of April 2020.
Phytases: The largest-growing segment of the feed enzymes market.
Phytases are digestive enzymes that release plant phosphorus from phytic acid.Monogastric animals, such as poultry, lack sufficient phytases to release phosphorus.
Adding extra phytases to the diet increases phytate breakdown and the consequent utilization of plant phosphorus.Much of the naturally occurring phosphorus in feed ingredients is unavailable to animals.
It also promotes higher feed intake, which helps in the growth of animals, leading to better performance. It also helps reduce the amount of phosphorus in manure, thus providing environmental advantages.
Microorganisms: The largest-growing segment of the feed enzymes market, by feed enzymes source.
Enzymes extracted from microorganisms are of great importance in the manufacturing of feed.Currently, molecular techniques such as metagenomics and genomics are used to discover microbial enzymes, which are used in the feed industry to improve feed quality.
The major advantages associated with microbial enzymes are their economical usage, high stability in extremely reactive conditions, higher production capacity, and their feature to be easily manipulated in the laboratory.
Asia Pacific: The largest-growing segment of the feed enzymes market.
The market in the region is driven by the presence of a large livestock population (FAO 2016) and their growth rate.The increase in the number of feed mills in the region further reflects the growth in feed production, particularly in countries such as India and Japan.
The region is also heterogeneous, with diversities in income levels and technological advancements, which lead to meeting the diversified demands of end consumers, to provide superior-quality feed to livestock, leading to enhanced scope for future growth.
Breakdown of primaries
The study contains insights from various industry experts, ranging from raw material suppliers to Tier 1 companies and manufacturers. The break-up of the primaries is as follows:
• By Company Type-Tier 1-20-%, Tier 2-40%, Tier 3-40%
• By Designation- C level- 30%, Managers- 20%, Executives- 50%
• By Region- APAC- 25%, Europe- 40%, North America- 15%, South America-10%, and RoW*- 10%
*RoW includes Middle East & Africa
The feed enzymes market is dominated by few globally established players such as BASF SE (Germany), DowDuPont (US), Koninklijke DSM N.V. (Netherlands), Kemin Industries (US), and Cargill Incorporated (US).
Research Coverage
The report segments the feed enzymes market and forecasts its size, by volume and value, based on region (Asia Pacific, Europe, North America, South America, and RoW), type (Phytase, Carbohydrase, and Protease), Livestock (Poultry, Swine, Ruminants, and Aquatic animals), and Form (Dry and liquid).
The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the feed enzymes market. The report also covers qualitative aspects in addition to the quantitative aspects of the market.
Key Benefits of Buying the Report
The report will help the leaders/ new entrants in the market with information on the closest approximations of the revenue numbers for the overall market and the sub-segments.This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.
The report also helps stakeholders understand the pulse of the feed enzymes market and provides them information on key market drivers, restraints, challenges, and opportunities.
Read the full report: https://www.reportlinker.com/p05001213/?utm_source=GNW
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July 21, 2020 at 04:59PM
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The global feed enzymes market size is estimated to be USD 1.3 billion in 2020 and is projected to reachUSD 1.9 billion by 2025, at a CAGR of 8.1% - GlobeNewswire
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