The animal feed enzymes market is expected to garner noteworthy gains on account of surging concerns over disease outbreak among poultry animals. Imposition of strict regulations to encourage livestock safety is supporting animal feed enzyme adoption.
Livestock owners nowadays are willing to buy high-quality feed grades. The product mostly helps provide a nutrition-rich balanced diet to livestock. In addition, these high-quality feeds ensure animal wellbeing and help curb potential health disorders.
International governments are actively investing in feed advancement projects and are constantly focusing on improving the overall feed manufacturing process to meet animal health standards. However, growth in animal-related disease outbreaks has often led to a rise in stern regulations pertaining to animal feed additives.
Additives play a crucial role in animal nutrition, and increasing imposition of strict regulations on these additives could negatively impact its traction. Federal norms demand feed enzymes to be certified harmless before being used for livestock.
While increasing concerns over the safety & health of animals have amped up the final cost of production for manufacturers, which in turn, could restrict business expansion. However, manufacturers utilizing their efforts on developing new methods could improve the performance and efficiency of animal feed additives.
According to an industry report published by Global Market Insights, Inc., the animal feed enzymes market is likely to hit USD 2.3 billion mark by the year 2026.
Mentioned below are few of the ongoing trends fueling animal feed enzymes market size:
Widespread use of protease
Protease comes as a widely used enzyme in animal nutrition due to its ability to minimize environmental impact by lowering nitrogen excretion from livestock, as well as its high heat stability. Generally, these enzymes crack protein molecules into vital amino acids that are necessary for animals.
These features could further benefit the animal feed enzymes business landscape. Meanwhile, increasing adoption of advanced feed enzyme technology to enhance the nutritional value of feed ingredient and lower feed costs could boost the animal feed enzymes market outlook.
Rising demand from the poultry sector
Poultry livestock is gaining notable growth owing to evolving consumer food habits and increasing share of non-vegetarian food in daily diets. Especially across North America, the demand for high-quality meat products has grown considerably in recent years. Factors such as these could massively drive the demand for animal feed enzymes among poultry farms.
On the other hand, rising demand for superior quality milk and dairy products across North America might stimulate the demand for efficient feed additives over synthetic feed antibiotics. Earlier in 2018, the U.S. animal feed additives market was valued at almost USD 6.5 billion.
Increasing adoption of new business strategies
Companies developing animal feed enzymes are constantly working on the development of safe additives to protect animal as well as public health. Citing an instance, U.S. based bioscience firm, Enzyme Innovation reportedly released multi enzymes blend, DigeGrain Delta to minimize the implementation of antibiotic growth promoters.
The product enhances the performance of poultry animals like swine and improves the absorption of nutrients. Besides, other related firms are focusing on unique R&D activities influenced technological innovations and developing superior livestock feed.