Feed enzymes are described as the additives designed for adding to various feed products and diets of animals which can subsequently enhance the levels of nutritional ingredients, compositions and consumption capabilities of consumers. These enzymes improve the quality of feed while reducing the requirement of large volume of feed consumption. There are a wide-variety of enzymes present for feed with each category offering different functionalities as digestive enzymes, nutritional enzyme, health enzymes among others.
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The market is segmented on the basis of type as phytase, protease, carbohydrase, non-starch polysaccharides, others; source as microorganism, plant, animal; livestock as ruminants, swine, poultry, aquatic animals, pets, horses, others; form as liquid, dry.
“According to Data Bridge Market Research, global feed enzymes market is expected to be growing at a substantial CAGR of 7.11% during the forecast period of 2019 to 2026”
Some of the major players operating in the market are BASF SE; DuPont; Associated British Foods plc; Koninklijke DSM N.V.; BEHN MEYER; Azelis S.A.; Adisseo; NOVUS INTERNATIONAL; Rossari; BIO-CAT; BEC Feed Solutions; BioResource International, Inc.; Bioproton Pty Ltd.; Alltech; Lesaffre; Advanced Enzyme Technologies; Karyotica Biologicals Pvt Ltd.; Aum Enzymes; CapriEnzymes; Enzyme Innovation; Lumis; VEMO 99 Ltd.; Biovet; Chr. Hansen Holding A/S; Novozymes; Cargill, Incorporated; New Hope Group; ENMEX; Aumgene Biosciences and Archer Daniels Midland Company among others.
Various government initiatives worldwide regarding the promotion of information and utilization of feed additives and enzymes to improve the quality of feed being fed to the livestock, has a positive impact on the demand for feed enzymes from various farmers and agriculture industry The players are more aware regarding the various benefits of adding feed enzymes into the feed diet for their livestock.
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