The application of enzymes as a feed additive has a record of more than 20 years. During this period, the feed enzyme industry came into existence and had undergone several phases of development.
Increasing population trends to support the milk and meat market globally has to lead to growth in the demand for feed enzymes. Feed enzymes have become a significant part of the globally increasing dairy and meat industry.
Animal nutrition is an area in which the use of feed enzymes is growing gradually important. The advancement in this market is driven by increasing customer requirement for superior quality feed grades which should be both balanced and nutritive.
Enzymes are now extensively used in animal feed for diverse reasons such as improving access to nutrients, inhibiting anti-nutritional factors of ingredients, compensating the lack of enzymes for breaking down chemical bonds. In the recent times, the outbreak of diseases among livestock such as avian influenza, bovine spongiform encephalopathy classical swine fever, has led to an increased awareness among consumers to focus more on health and well-being of animals and to avoid recurrence of such situations. The need to develop a cheaper alternative to feed has inclined manufacturers to consider other options as plant source for feed enzyme. This is anticipated to have a productive impact on the growth of the global market in the coming years. Furthermore, the ban on usage of antibiotics is also driving the global feed enzyme market.
Indeed accumulating pressure to curb the use of antibiotic growth promoters in animal production, the availability of alternative approaches to maintaining animal health and productivity becomes imperative for the poultry industry. There are several types of enzymes that have a unique action on feed digestibility.
The exorbitant growth potential in prominent markets and pristine regions bestow new growth opportunities for market players. With the global surge in demand for the meat industry, and awareness among customers for animal’s health and wellbeing, a considerable growth in the global feed enzyme market has been observed.
Three driving elements in animal production are promoting the improvement and reception of feed enzyme technology. To begin with, the world’s growing population has implied global demand for food, and in particular, meat and meat products have expanded generously. Besides, producers are also persistently looking for novel methods of increasing their efficiency and productivity, and the cost and availability of raw materials for animal feed are the second-factor continuing price rises are a significant constraint to meeting demand. The third factor is concern over the environmental fragility of the planet and the pressure on agrarian industries to reduce their dependence on indispensable assets.
Feed enzymes are incorporated in feeds to ameliorate the utilization of energy and nutrients or to degrade a handful undesired components. These feed enzymes predominantly improve the gut and performance of animals while reducing feed and waste management costs thus making animal farming worthwhile. Use of enzymes enhances animal performance, the profitability of livestock farmers and reduces environmental pollution. The absence of specific enzymes in the livestock has led to the wastage of few vital nutrients and increased the cost of feeds to compensate the appropriate nutritional elements.
Need for high-quality meat, industrialization of the livestock industry and thriving economies with disposable income have remarkably driven the growth of feed enzymes market.