HOME Research Insight BASF SE (Germany) and Koninklijke DSM N.V. (Netherlands) are the Global Players in the Feed Enzymes Market



BASF SE (Germany) and Koninklijke DSM N.V. (Netherlands) are the Global Players in the Feed Enzymes Market


The key players identified in the global feed enzymes market include BASF SE (Germany), E. I. du Pont de Nemours and Company (U.S.), Associated British Foods plc (U.K.), Koninklijke DSM N.V. (Netherlands), and Adisseo France SAS (France). Other significant players include Azelis Holdings SA (Belgium), Rossari Biotech Ltd (India), BIO-CAT (U.S.), and Alltech Inc. (U.S.). The feed enzymes market is growing at a CAGR of 9.3% during the forecast period and is driven by factors such as increase in production/consumption of animal-based products, high cost of feed in livestock farming, ban on antibiotics as growth promoters, and positive impact on the environment.

The key market players adopted strategies such as acquisitions, collaborations, new product launches, agreements, and expansions to increase their market presence and revenue generation. Leading players focused on strengthening their R&D proficiencies by capitalizing in advanced technologies and signing R&D agreements with other companies, to develop diversified product portfolios of feed enzymes.

The global players have established large distribution networks across the world and follow extensive cross-selling marketing strategies. Market leaders such as BASF SE (Germany), E. I. du Pont de Nemours and Company (U.S.), Associated British Foods plc (U.K.), and Koninklijke DSM N.V. (Netherlands) have successfully tapped the potential markets through the development of innovative product launches, agreements, and expansions. These key companies focused on new product developments in the feed enzymes industry on a regional as well as a global level, to strengthen and expand their position in the feed enzymes market. The trend of using enzymes in animal feed to improve animal health and nutrition is increasing the competition among the key players, thus increasing the competitive rivalry among the players.

BASF SE (Germany) is a leading company that has a broad product portfolio, including almost all the possible variants of the feed enzymes, catering to the requirements of all the end users in this market. It also has a wide geographic coverage, spanning six continents and a strong focus on R&D (toward product innovation). The company focuses on catering to not just the feed enzymes market, but the overall animal feed and feed additives industry. It has focused on growth within the feed enzymes market through organic means. In January 2016, it launched a phytase product, Natuphos E, for poultry and pigs, to help in better utilization of phosphorus. This increased the product diversity of the company.

Another key player, Koninklijke DSM N.V. (Netherlands) acquired Tortuga Companhia Zootécnica Agrária (Brazil) to strengthen its animal nutrition business. This acquisition helped the company to gain from its extended value chain presence with a broad portfolio of nutritional ingredients for animal nutrition, while leveraging its strong international footprint.

In September 2013, Adisseo France SAS (France) re-entered into an agreement with Verus Animal Nutrition (Canada) to expand its feed enzymes business in Ontario, Canada.

Related Reports:

Feed Enzymes Market by Type (Phytase, Protease, and Carbohydrase), Livestock (Ruminants, Swine, Poultry, and Aquatic Animals), Source (Microorganism, Plant, and Animal), Form (Liquid and Dry), and Region - Global Forecast to 2022

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