Animal Feed Enzymes Market was
estimated at USD 1.16 billion in 2015. Enzymes are particles, which are
utilized as catalysts in various chemical and biochemical reactions. These
products are used as processing additives in the manufacturing of animal
foodstuffs.
The products can endure high pelleting temperatures and
varying acidic pH conditions. Moreover, these catalytic substances are also
used to minimize the viscous nature of non-starch polysaccharides, which are
naturally found in animal fodder, and helps in improving the digestion rate of
animals. The feed enzymes demand is driven by their growing consumption in
processing of pig and poultry fodder.
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Carbohydrates, proteases and phytases are the key product
segments of the industry. These products are used abundantly, due to their
vital properties such as improvement of gut health, reduction of fodder costs
and increase in the fodder efficiency.
In terms of revenue, phytases accounted for 83.6% of the
global industry in 2015. High amount of phosphorus present in these products
helps in the improvement of animal metabolism and reproduction. Additionally,
they also increase the consistency of fodder, thus boosting the livestock
production. Proteases category is expected to witness fastest growth and is
likely to offer noteworthy opportunities in the global market. These products
are highly efficient in facilitating the digestion rate of proteins and are
extensively used in pigs and poultry feed processing.
Formulation Insights
Feed enzymes are available in liquid and dry commercial
formulations in the global industry. Dry formulation accounted for a dominant
share in the industry in 2015.
Higher preference for dry formulations is given over the
liquid-based additives, due to various factors that include good thermal
stability, increased enzyme activity and ease of handling. Dry formulations are
generally available in pellet and powdered grades in the industry. This
category is expected to witness high penetration in poultry and ruminant
applications during the forecast period.
Enzymes are used in livestock fodder for various livestock
categories including pigs, poultry, ruminant, pets, equine and aqua. Poultry
held the highest market share, constituting 43.9% of the total industry in
2015. Enzymes help to enhance the nutritional value of poultry foodstuffs,
minimize the quantity of anti-nutritive elements and promote weight gain among
livestock.
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Market Segment:
Product Outlook
(Revenue, USD Million; 2014 - 2025)
• Phytases
• Carbohydrases
• Proteases
• Others
Formulation Outlook
(Revenue, USD Million; 2014 - 2025)
• Liquid
• Dry
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