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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