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
- Manufacturers have been forced to reassess their policies and tactics in light of the SARS-CoV-2 outbreak, which has caused a drastic shift in consumer purchase patterns.
- Lamb production, aquaculture, beef, and veal production are among the worst-affected industries. Farmers in the aquaculture industry and cattle producers in the EU have appealed for crisis management measures to help alleviate the effects of COVID-19.
- Aquaculture growers are mostly seeking private storage aid as a mitigation tool. There are chances that soybean, corn, and wheat will be used less in animal feed.
- In Southeast Asia, a mass migration of migrant workers has hampered productivity.
- Purchases prompted by panic fuel demand for animal feed additives.
- The Dutch government has established protocols for the continuous production of feed.
Top Impacting Factors
- Protease enzymes are in high demand around the world due to their better benefits, such as improved protein digestion and intestinal health.
- Animal feed enzymes market expansion is expected to be boosted by strict government restrictions in the United States and Europe regarding the use of feed additives in order to protect animal and human health.
- The rising consumption of meat and poultry products, as well as animal protein and dairy products, in China and South Korea, is predicted to provide lucrative market expansion prospects.
- To provide thermally stable dry feed enzyme compositions, manufacturers are adopting successful fermentation procedures such as solid surface fermentation and bio-catalysis.
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.
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.
Key Benefits of the Report
- This study presents the analytical depiction of the animal feed protease industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the animal feed protease market share.
- The current market is quantitatively analyzed to highlight the animal feed protease market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed animal feed protease market analysis based on competitive intensity and how the competition will take shape in coming years
Questions answered in the Report
- Who are the leading market players active in the animal feed protease market?
- What current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
- What is "animal feed protease market" prediction in the future?
- Which will be the niches at which players profiling with recent advancements should set a presence?
- What are the driving factors and opportunities in the market?
- What are the current trends and predicted trends?
- What are the challenges faced in the "animal feed protease market"?
Animal Feed Protease Market Report Highlights
| Aspects | Details |
 By Source |
|
 By Livestock |
|
 By Form |
|
 By Region |
|
 Key Market Players | BioResource International, Inc., Bioseutica, Antozyme Biotech Pvt Ltd, Biolaxi Corporation, Advanced Enzyme Technologies, Noor Enzymes Pvt Ltd |
Loading Table Of Content...
