The animal feed enzymes market will develop as people become more mindful of feed quality in order to improve animal health. The essential qualities supporting product demand include reduced viscosity of non-starch polysaccharides feed, better digestion rate, and ability to endure acidic pH conditions. Indigestion caused by a shortage of necessary enzymes wreaked havoc on cattle health, necessitating the use of feed supplements. Because pigs and poultry are unable to digest 15 to 25% of fodder due to complicated anti-nutritional components found in forage elements, the product is preferred by the forage sector.

ANIMAL FEED ENZYMES MARKET

Global meat consumption has increased as a result of rising health consciousness and a growing population. According to the Organization for Economic Cooperation and Development, the average yearly meat intake per person in the world is 75 pounds. Product penetration will be aided by a shift in customer preference toward ready-to-eat processed meat products. China consumes roughly 60 kilogrammes of beef per person per year and is expected to reach 85 kilogrammes by 2024. As a result, demand for high-quality meat and dairy products will rise. Growing public awareness of livestock diseases, along with widespread acceptance of safe animal nutrition methods, will propel the sector forward.

Asia Pacific is expected to be the most profitable region for the industry. Rising population, rising per capita consumption, and rising consumer affordability are all contributing to regional industrial growth. According to the FAO, the Asia Pacific dairy industry spent more than USD 100 billion in 2016, and milk output alone is expected to surpass 120 million tonnes in the future years.

BY PRODUCT

In 2016, the market for phytase animal feed enzymes accounted for more than 40% of the total industry share. Product demand will be fueled by improved metabolism and reproduction processes among animals due to its high phosphorus content. The addition of non-starch polysaccharides (NSP) to soybean, rice, and maize fodder has boosted industry demand. The benefits of improving the digestive system, lowering cholesterol levels, and balancing pH levels in cattle and broilers will be important drivers of product demand. The substance also helps to keep the digestive tract in good working order and acts as a binding agent for proteins found in animals.

BY FORM

In 2016, dry formulation accounted for more than 75% of the global market share. The dry formulation is used because it is easier to handle and has higher thermal stability during food preparation than the liquid form. By 2024, liquid formulation will produce more than 19 kilotons of volume. Liquid animal feed enzymes market growth will be aided by increased product availability at a competitive price and rising demand in locations where the product is easily acquired in liquid form.

BY REGION

Up to 2024, Europe's animal feed enzymes industry, led by Spain, is expected to grow at a considerable rate of over 6%. The industry's expansion has been fueled by the presence of a big end-use market and a strong distribution channel network. Increased pork consumption and expanding animal output are significant supporting elements in Eastern European nations, which are expected to show the quickest development and will top USD 160 million in worth by 2024.

The United States is a big consumer of fodder additives such as vitamins, emulsifiers, and ferments. The demand for animal feed enzymes in the United States is being driven by a strong presence of deep-rooted livestock production as well as tight food safety requirements and regulations regarding the use of additives.

The clean label trend in terms of chemicals and materials added during fodder processing is expected to drive up product demand in the region. Advanced Enzymes Technologies, for example, sells a wide range of carbohydrase and protease products under the DigeGrain brand.

COMPETITIVE LANDSCAPE

BASF, Duo Point, Chr Hansen Holding A/S, DSM N.V., Foodchem International, Novozymes, ENMEX, Flavorchem Corporation, DD Williamson & Co., BioExtract, and Nutralliance are among the key industry participants. Allied Biotech, Zhejiang NHU Co., RohaDyechem, Dynadis SARL, Divis Laboratories, LycoRed, and Zmc-USA are among the other significant manufacturers.