Animal feed enzymes improve the
nutritional value of feed and enhance the digestibility of the feed. They
are categorized according to the substrate that they act upon. Broadly they are
classified as carbohydrases, proteases, and phytase. Phytase accounts for
more than 50% of the total feed enzyme production. Feed enzymes helps in
extracting more nutrients from the feed and helps in reducing animal waste,
hence protecting the environment as it lowers phosphorus and nitrogen in animal
excreta.
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The increasing consumption of meat
on a global scale is driving the animal feed enzymes market. Reducing the feed
cost is the critical factor for using feed enzyme. Other factors which are
propelling the growth of the feed enzymes market include increasing awareness
regarding meat quality and safety, recent outbreaks of livestock diseases and
increasing global meat consumption owing to changing lifestyle and an increase
in disposable incomes in developing countries. Mushrooming supermarkets and
hypermarkets is also indirectly increasing the demand for meat retail resulting
in the growth of feed enzymes.
Feed ingredients, animal genetics,
disease challenges and consumer demand are just some of the factors that are
constantly changing and providing new challenges for the feed enzyme industry.
New market segments such as aquaculture and the dairy sector will open up
further opportunities for these enzymes. The feed enzyme market is consolidated
as top five players accounts for more than 50% of the total animal feed enzyme
production. Some of the leading participants in the feed enzyme industry are
Danisco Animal Nutrition, BASF, Adisseo, Novozymes, Alltech, Beldem, Kemin, and
AB Vista.
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