Feed Enzymes Grow Fastest In Poultry
According to the Marketsand Markets’ research report, the feed enzyme market is expected to grow at a compound annual growth rate of 9.3% from 2017 to reach US$14.286 billion by 2022.
The protease market in feed enzymes is expected to grow fastest during the forecast period. Proteases could help farmers save on feed costs, so the use of proteases can make a significant contribution to current efforts to reduce nitrogen emissions from livestock production. Therefore, protease is an emerging feed enzyme that has become increasingly popular in recent years.
In 2016, the poultry segment accounted for the largest share of the global feed enzyme market. Photo: Mark Pasveer
Poultry sector dominates
In 2016, the poultry segment accounted for the largest share of the global feed enzyme market. It provides the birds with proteins that increase their growth rate; they also strengthen their immune systems. The demand for poultry meat is higher than the demand for other meat products. This has driven the poultry market segment in the feed enzyme market.
The enzymes extracted from microorganisms are very important for the manufacture of animal feed. Currently, the latest molecular techniques are used to discover microbial enzymes that are used in the feed industry to improve feed quality. These reasons have driven the microbial part of the feed enzyme market.
The fastest growing in Asia Pacific
The Asia-Pacific region is expected to have the fastest growth in the feed enzyme market from 2017 to 2022. China which is the largest producer continues to contribute to the region’s leading position. India and Japan’s economic growth has increased significantly.Pork and poultry are widely used in the Asia Pacific region. Due to increased population, purchasing power, and changes in consumer preferences for food, the demand for poultry in India and China is expected to increase. The increase in demand for meat protein has led to meat production in the region, which has seen an increase in feed enzyme intake and is expected to show healthy growth.