Enzymes are feed additives which provide necessary nutrition in addition to improving digestive system and providing protection against diseases in animals. Feed enzymes are available in two formats such as nutritional feed additives and non-nutritional feed additives. Nutritional feed additives include amino acids, vitamins and minerals. Non-nutritional feed additives include antibiotics, probiotics, hormones and prebiotics.
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The market can be segmented on the basis of types such as phytase, protease, and non starch polysaccharide enzymes. Protease enzyme is expected to have promising growth worldwide in the years to come. At present, non starch polysaccharide enzymes dominates market share in terms of revenue. Phytase has been the most predominantly used enzyme in Asia Pacific and is also expected to witness strong growth in the region during next five years. Further, segmentation can be done on the basis of subtypes such as xylanase, pectinase, cellulase, a-glucanase and mannase. Feed enzymes can be used in host of applications in various segments such as swine feed, aqua feed, poultry feed and ruminant feed among others.
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The ever growing population is expected to drive the demand for meat across the world. This in turn is expected to trigger the growth of feed enzymes industry. Feed enzymes initiate biochemical reactions and enhance production efficiency of animals thereby increasing absorbtive and digestive abilities of animals. Some of the market players in feed enzymes industry are Chr. Hansen, AB Vista, BASF SE, Adisseo France S.A.S. and others.
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