Report Code: A12096 | Pages: NA | Jul 2023 | 1495 Views | ||
Author(s) : Roshan D | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Animal Feed Protease Market
Request Now !In the forecast period growing growth in the livestock industry would act as a factor for the protease in animal feed market. Due to the absence of naturally occurring phosphates in feed active ingredients, animal feed protease is used as a dietary food supplement in fowl diet regimens. Pet feed protease is primarily used in the processing of feed components and the application of exogenous proteases to feed in pet nutrition. To reduce nutritional protein levels while maintaining good performance, animal feed protease could be a viable option.
COVID-19 Impact analysis
Top Impacting Factors
Market Trends
Protease from animal feed can be used as a substitute for a variety of other fish meals.
Because of global concerns about the world's depleting supply of fish, alternative sources of nutritious protein to substitute fishmeal in carnivorous fish feed are gaining popularity.
Protease for pet food has been in high demand from fish dish manufacturers. Protease as a source of nutrition, replacing other fish dishes in tank farming feed, has fantastic benefits such as digestibility, dietary benefits in terms of protein content, and also economic benefits because it is a highly valued source of healthy protein for aquaculture feeds, and has shown excellent performance in tests at very low doses.
New product launches to flourish the market
Healthy protein from animal feed acts as a stimulant, causing cells to release chemicals that enhance chemical reactions. For feed digestibility, animal feed protease is added to the feed and released directly into the gastrointestinal system. Animal producers use them as sources to increase the dietary content of feed products, avoid environmental damage, and reduce feed costs.
The growth of the animal feed protease market can be attributed to increased meat consumption because of low prices and an increase in the middle-class population. The average meat consumption has increased in the last 20 years because of increased urbanization, radical changes in lifestyle, and rising disposable income. Surge in usage in automotive and industrial applications
The use of phytotase and proteases is on the rise. Â
The principal animal feed enzyme products are carbohydrase, non-starch polysaccharides, phytase, and protease. The phytase animal feed enzymes business, which accounted for more than 40% of total market share, is expected to increase at a compound annual growth rate of roughly 6.5% in the coming years. The protease animal feed enzymes sector, which generated more than $150 million in revenue, is expected to grow dramatically in the next years. The industry's growth will be fueled by increasing product demand as a protein digesting chemical.
Use of specific enzymes for different animals
The industry's expansion will be steered by rising demand for eggs and meat, which have high protein content. Increased product demand for higher protein proportions to improve animal health will drive market growth. Because of the large consumption of pork in countries like Indonesia, China, and Thailand, the swine animal feed enzymes industry is expected to grow at a significant CAGR over the next few years.
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Animal Feed Protease Market Report Highlights
Aspects | Details |
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By Source |
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By Livestock |
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By Form |
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By Region |
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Key Market Players | Advanced Enzyme Technologies, Biolaxi Corporation, Antozyme Biotech Pvt Ltd, Bioseutica, Noor Enzymes Pvt Ltd, BioResource International, Inc. |
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