Higher preference for dry formulations is given over the liquid-based additives , due to various factors that include good thermal stability , increased enzyme activity and ease of handling . Dry formulations are generally available in pellet and powdered grades in the industry . This category is expected to witness high penetration in poultry and ruminant applications during the forecast period .
Application Insights
Enzymes are used in livestock fodder for various livestock categories including pigs , poultry , ruminant , pets , equine and aqua . Poultry held the highest market share , constituting 43.9 % of the total industry in 2015 . Enzymes help to enhance the nutritional value of poultry foodstuffs , minimize the quantity of anti-nutritive elements and promote weight gain among livestock .
The use of these products in the ruminant and pig feed sectors is likely to boost their consumption rate , as they improve animal health , amplify the utilization of nutrients , and digestibility .
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Regional Insights
Europe was the largest consumer accounting for 32.2 % share in 2015 . Key countries in the region including Spain are likely to witness significant market growth in the coming years . At present , Spain and Germany are a few of the highest producers of livestock in the region .
North America held the second-largest share , followed by Asia Pacific . Existence of a well-established end-user industry and a channelized distribution network , are the major supporting factors of the industry in North America . Eastern European countries , including Russia , are likely to witness a fastpaced growth on account of rising pork consumption and livestock production .
Asia Pacific is likely to illustrate fastest growth , owing to the socio-economic factors such as increasing meat consumption in India , China and other Southeast Asian countries . Moreover , there is a rising awareness of livestock diseases , which has led to the implementation of harmless animal nutrition practices in these countries . This in turn is expected to drive the demand for various animal feed products in the region .