Arab & Middle East News
(ARABNEWSWIRE.COM, January 10, 2018 ) Middle East and Africa Feed Enzymes market has been estimated at USD 5.13 Billion in 2016 and is projected to reach USD 7.04 Billion by 2021, at a CAGR of 6.52% during the forecast period from 2016 to 2021.
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Feed enzymes accelerate biochemical reactions that help improve the nutritional value and quality of feed. They help in eliminating negative effects that volatility and modern diets have on animal digestion. They are useful in the extraction of extra nutrients from the animal feed and helps reduction of animal waste. They provide considerable economic benefit to the livestock industry globally through their positive effect on animal performance, litter quality, animal welfare and the environment.
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Feed Enzymes market in Middle-East and Africa is driven due to rise in per capita meat consumption. Also, rising awareness in customers about the quality and feed grade is slowly increasing the demand in this region, and is driving the market growth. But government regulations over the sales and pricing of the products and high costs of raw materials can affect the market growth.
• By type of ingredient
• By type of animals
Geographically Africa & Middle-East Market for Feed Enzymes is segmented into South Africa, Egypt, Saudi Arabia Dubai and Others. Middle-East and African countries are slowing emerging and currently hold a market share of 6%. South Africa is the largest market within the region. United Arab Emirates has limited agricultural potential and hence relies mostly on imports to satisfy growing demand for meat. With increased animal husbandry practices in the African countries, a great demand for feed enzymes can be witnessed in near future.
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Major companies in the Middle-East and Africa market are DuPont, DSM, BASF Corporation, Alltech, Novozymes and Adisseo France. Other Major players in the market are AB Enzymes GmbH, Advanced Enzymes Technologies Limited, Amano Enzyme Inc. Bio Vet JSC, Biocatalysts ltd, Chr. Hansen Inc, Enmex Sa De Cv, Lesaffre Group, PURATOS GROUP, Rossari Biotech Limited, Shenzhen Leveking Bio-Engineering Co. Ltd and Sunson Industry Group Company Limited.
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