North America in Feed Enzyme Market is Expected to Witness Considerable Growth During the Forecast To 2023
Feed enzymes are enhancer that are
incorporated in the animal feed during the manufacturing process to resolve the
nutrient deficiencies in farm animals. Sometimes, animals face digestive
troubles due to the consumption of anti-nutritional ingredients in the feed,
which can be avoided by addition of feed enzymes. The feed enzymes are not only
capable of withstanding acidic condition but also the heat generated during the
pelleting process that breakdown starch, making the feed more digestible. With
the global rise in demand of meat industry, and awareness among customers for
the animal’s health and wellbeing, the considerable growth in the global feed
enzyme market has been observed. Further, the need to opt for cheaper
alternatives and to fulfill the globally growing demand of protein will drive
the feed enzyme market in the coming years.
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The global feed enzyme market is
expected to witness considerable growth during the forecast period. The major
factors driving its growth are the increase in demand in the consumption of
animal-meat and animal based products. Recently, the outbreak of diseases among
livestock such as avian influenza, classical swine fever, bovine spongiform
encephalopathy, has raised awareness among consumers to focus on the healthy
well-being of livestock and to avoid recurrence of such situations. The need to
develop cheaper alternative to feed has persuaded manufacturers to look for
other options such as plant source for feed enzyme. This is expected to have
positive impact on the growth of the global market in the coming years.
Moreover, the ban applied on usage of antibiotics to opt for more natural based
products is also driving the global feed enzyme market.
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Key players across the globe are
forming alliance to expand their product portfolio and gain larger share in the
global feed enzyme market. Koninklijke DSM N.V and Novozyme alliance promises
to deliver innovative products to meet challenges of the global market. In May
2017, Huvepharma linked up with Intrexon Corporation entered into a research
collaboration to form more cost-effective animal feed enzymes using Intrexon
Corporation’s fungal expression platform.
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Some of the other key players in
the global feed enzyme market are BASF SE, E. I. duPont de Nemours and Company,
Adisseo France SAS, Rossari Biotech Ltd., Alltech Inc., Lesaffre & Cie,
Associated British Foods plc, Koninklijke DSM N.V., Azelis S.A., Novus
International Inc., and BIO-CAT.
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