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Publishing News and Press Releases

Feed Enzymes Market : Competitive Landscape, Regional Outlook and Driving Factors

(Publishing-NewsWire.com, December 04, 2021 ) According to the new market research report "Feed Enzymes Market by Type (Phytase, Carbohydrase, and Protease), Livestock (Poultry, Swine, Ruminants, and Aquatic Animals), Source (Microorganism, Plant, and Animal), Form (Dry and Liquid), and Region – Global Forecast to 2025", published by MarketsandMarkets™, the Feed Enzymes Market size is projected to reach USD 1.9 billion by 2025, which was estimated at USD 1.3 billion in 2020; it is expected to grow at a CAGR of 8.1% from 2020. One of the major factors driving the feed enzyme industry is the provision of cost-efficiency in the use of feed. Also, the increasing demand for animal-based products, such as meat products, dairy products, and eggs, and the rise in the global demand for naturally produced feed additives have been driving the growth of this market.



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Market Dynamics

Driver: Provision of feed cost-efficiency

Feed production accounts for a major operational cost, which involves 50%–60% of the total cost in livestock production. Therefore, reducing feed costs per livestock remains a priority for every livestock rearer. The potential to improve the digestibility of feed depends largely on the nutritional value of the diet itself. It has been shown that feed can account for up to 90% of the variance in response to enzyme addition. By improving digestibility, the nutrient density of diets and production costs can be reduced. By considering the overall effect of enzymes on the indigestible dietary fraction, feed enzymes are used to maintain livestock performance, while reducing feed costs.



Restraint: Higher inclusion rates of enzymes to have adverse effects

Although feed enzymes significantly impact the growth of the livestock industry, there are physiological limits imposed by the conditions to enzyme responses in the digestive tract of livestock. Excessive levels of feed enzymes could affect the levels of endogenous enzymes in the gastrointestinal tract, with adverse effects on health. Variations in the level of this effect depend on many factors, such as age, type of diet, and enzyme inclusion rates in feed products. Feed enzymes may trigger several side effects, including vomiting, gas, diarrhea, and swelling of the legs and feet. In addition, some animals may experience allergic reactions to digestive enzymes. For instance, Bromelain, the enzyme from pineapple, has anti-platelet properties. If this enzyme is fed to livestock in excessive quantities along with feed, it could increase the risk of bleeding as acts as a blood thinner.



Opportunity: Innovation in phytase production processes

Through preliminary research, it is known that some fungi are able to grow in POME (palm oil mill effluent) and have the ability to produce phytase enzymes. The utilization of phytase enzymes containing feed products for monogastric and digastric livestock could increase the efficiency of nutrient uptake and livestock resistance to disease attacks. Palm oil mill effluent (POME) is one type of waste that has not been used widely in enzyme production. Some fungi that grow on POME indicate their capability of producing phytase. Most of the POME is disposed of and pollutes the environment. Besides, POME is one of the wastes that contain large concentrations of carbohydrates, proteins, nitrogen compounds, lipids, and minerals. Therefore, they also act as an excellent raw material for bioconversion by biotechnological techniques.



Challenge: High R&D investments

The feed industry needs high R&D investments and enzyme development and manufacturing capabilities to produce high-quality feed enzymes at globally competitive prices. They require enhanced infrastructural strength that comprises equipped labs for molecular techniques, such as metagenomics and genomics, which are used to discover new enzymes. This initially requires high investments, and the majority of the manufacturers have a limited number of R&D facilities. Therefore, this challenge can be overcome by collaborating with different R&D companies that have qualified and experienced teams. Some manufacturers also acquire companies to increase their R&D capabilities by adopting various technologies. For instance, Advanced Enzyme Technologies acquired Evoxx Technologies, to increase their R&D capabilities with the adoption of ‘Directed Evolution’ technology, which helps it create desired enzyme molecules. High investments in R&D activities is also projected to help manufacturers to launch new products frequently, thereby enabling them to produce new types of enzymes.



Asia Pacific is estimated to be the largest and fastest-growing market.



Asia Pacific dominated the global feed enzymes market in 2019; this has been supported by the presence of a large livestock population (FAO 2016) and the growth rate. Also, livestock producers in China and India are focusing on animal health by resorting to natural solutions.



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Additionally, there has been a rise in the demand for meat and meat products, in accordance with the need for a protein-rich meat diet. The market for poultry is estimated to increase in India and China due to factors such as the focus on meat quality and public health campaigns, which encourage the consumption of lower-fat protein options. Fish consumption is also increasing in the region owing to similar health trends. On the other hand, there has been an increase in production as well as consumption of dairy products in the region. These factors are expected to drive the feed enzymes market in the Asia Pacific region.



The major vendors in the global feed enzyme market are BASF SE (Germany), DowDu Pont (US), Koninklijke DSM N.V (Netherlands), Bluestar Adisseo (China), and Kemin Industries (US).

MarketsandMarkets™

Mr. Aashish Mehra

1-888-600-6441

raviraj.tak@marketsandmarkets.com

Source: EmailWire.Com

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