Global Feed Enzymes Market Overview:
Feed Enzymes are proteins, they are composed from amino-acids, which are produced by all living organisms. Feed Enzymes market is expected to mark significant growth over forecasted period owing to increasing organization spending on additives such as phytogenic nutrients, probiotics, and amino acid will continue to remain high due to various healthy features Thus, it will increase the demand for global feed enzyme market. It has been witnessed that Suppliers of meat product in the developed countries have raised safety and quality standards for meat before supplying it to end users. The major companies are adding more proven technologies systematically and strategically in Asia-Pacific countries as these countries are focused on fastest-growing verticals in the aqua feed, swine feed, ruminant feed and poultry feed. According to AMA, the Global Feed Enzymes market is expected to see growth rate of 9.4% and may see market size of USD1473.2 Million by 2024.
- Rise in Production & Consumption of Animal Based Products Boost the Market.
- Rapid Demand due to Ban on Anti-Biotic as Growth Promoters Fuelled up the Market.
- Regulatory Structure and Interventions Hampers the Feed Enzymes Market.
- Lack of Investment in R&D Activties.
- Proliferation due to replacement of expensive fish meal Leads to Grow the Market.
- Upsurge Demand due to Awareness about Feed Quality.
- Limitation due to Thermostability of Enzymes are Anticipated to Challenge the Market.
Some of the key players profiled in the report are BASF SE (Germany), E. I. du Pont de Nemours and Company (United States), Associated British Foods plc (United Kingdom), Koninklijke DSM N.V. (Netherlands), Adisseo France SAS (France), Azelis Holdings SA (Belgium), Rossari Biotech Ltd (India) and BIO-CAT (United States). Additionally, following companies can also be profiled that are part of our coverage like Alltech Inc. (United States), Lesaffre Group (France) and PURATOS GROUP (Belgium). Analyst at AdvanceMarketAnalytics see United States Players to retain maximum share of Global Feed Enzymes market by 2024. Considering Market by Form, the sub-segment i.e. Liquid will boost the Feed Enzymes market. Considering Market by Source, the sub-segment i.e. Microorganism will boost the Feed Enzymes market.
In February 2018, ADM launched a feed enzyme line at IPPE which is beneficial in providing specialty feed ingredients portfolio to include a fiber-degrading enzyme for use with poultry and swine diets.
“According to European Food Safety Authority, its provide regulatory aspects on feed enzymes that offers a set of guidance documents, some of which, like the document on zootechnical additives, are applicable to feed enzymes.”
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Feed Enzymes market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Feed Enzymes market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Feed Enzymes Manufacturers, Feed Enzymes Traders, End-Use Market Participants of Different Segments of Feed Enzymes, Government and Research Organizations, R&D Institutions and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.