The Europe feed enzymes market size is anticipated to expand at a high CAGR during the forecast period, 2021–2028. The growth of the market is attributed to shifting consumption behavior and lifestyles.
Growing consumer concern about animal welfare and recognition of alternative source-based animal feed are driving the industry's growth. The growing popularity of meat and meat products is boosting interest in animal feed enzymes.
Every livestock producer's first objective is to reduce feed expenses per animal. The ability to increase feed digestibility is mostly determined by the nutritional content of the diet. It has been demonstrated that feed can explain for up to 90% of the variation in enzyme reaction.
Dietary nutrient density and production costs can both be improved by enhancing digestibility. Feed enzymes are used to maintain animal performance while lowering feed costs by assessing the total effect of enzymes on the indigestible food portion.
Antibiotics as growth promoters have been banned inside the Eu Countries and which has aided the expansion of the feed enzymes industry as customers increasingly use these enzymes as antibiotic substitutes. People are also increasingly favoring the use of feed enzymes because of their additional health advantages, which minimize the risk of metabolic problems in animals, as well as their long-term environmental benefits.
The European Parliament's Regulation (EC) No. 1831/2003 creates a common process for the use of feed additives and the monitoring of labelling of feed additives and premixtures. The legislation also establishes a framework for ensuring animal, human, and environmental welfare when it comes to feed additives.
Russia has the greatest consumption of chicken meat, according to the Organization for Economic Co-operation and Development (OECD). In 2016, 29.5 kilograms of chicken meat were consumed, which has climbed to 31.7 kilograms in 2019. Given the rising meat consumption trend, there will be a need for more meat production, which will increase demand for feed additives, which will drive the market for feed enzymes.
COVID-19 pandemic is predicted to have a moderate impact on the feed enzyme sector. Due to a shortage of enzymes, the whole supply chain is interrupted. Despite the fact that feed demand has been largely consistent, the COVID-19 outbreak has had a substantial influence on supply. Labor shortages and a reduction in the availability of raw materials are the result of mobility restrictions and diseases. Feed delivery has been delayed as a result of the disturbance in supply lines.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing consumption of dairy products is expected to push the market in the coming years.
- Rise of the urban middle class has coincided with a move away from a grain-based diet are projected to boost the market during the forecast period.
- Growing instances of various livestock diseases such as avian influenza, swine flu, and food & mouth diseases are key factors driving the market in the coming years.
- Increasing demand for meat products, and scientifically confirmed benefits of additives are estimated to push the market.
- Government regulations and ban for feed additives have a positive impact on enzyme sales.
- New advanced feed machinery technologies are anticipated to drive the demand for premium packaging.
- Feed enzyme can also have some side effect on animals such as vomiting, diarrhea, gas and others act as key factors hamper the market growth during the forecast period.
- High R&D cost on development and manufacturing of enzyme is expected to restrict the growth of the market.
- Innovative technologies to enhance feed enzyme utilization is expected to create lucrative opportunities for the market players
Scope of the Report
The report on the Europe feed enzymes market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Europe Feed Enzymes Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Animal Types (Swine, Ruminants, Poultry and Others), Types (Carbohydrase, Phytases, and Others)
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Regional Scope
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Europe
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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DSM; Amano Enzyme Inc; Adisseo; Chr. Hansen Holding A/S.; Dupont; Bioseutica
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China Feed Additives Market Segment Insights
The swine segment is projected to represent a large market share
Based on animal types, the Europe feed enzymes market is divided into swine, ruminants, poultry and others. The swine segment is expected to represent a key share of the market during the forecast period owing to in regard to swine animals are unable to fully use all components of their food, enzymes such as carbohydrase, protease, and phytase can be given to the feed to aid in the breakdown of complex carbohydrates, protein, and phytate.
The carbohydrase segment is anticipated to expand at a substantial CAGR
On the basis of types, the Europe feed enzymes market is segregated into carbohydrase, phytases, and others. The carbohydrase segment is expected to constitute a key share of the market during the forecast period owing to raise the amount of energy available to an animal for muscular development and growth.
Segments
Segments Covered in the Report
The Europe feed enzymes market has been segmented on the basis of
Animal Types
- Swine
- Ruminants
- Poultry
- Others
Types
- Carbohydrase
- Phytases
- Others
Region
Key Players
- DSM
- Amano Enzyme Inc
- Adisseo
- Chr. Hansen Holding A/S.
- Dupont
- Bioseutica
Competitive Landscape
Key players competing in the Europe feed enzymes market include DSM; Amano Enzyme Inc; Adisseo; Chr. Hansen Holding A/S.; Dupont; Bioseutica.
Some of these players are coming up with several markets strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
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