TMMF Ltd
Farminguk
31 August 2016 | Online since 2003
OvoConcept


31 March 2014 08:31:43 |Feed and Forage,News

Global feed enzyme market now $1bn


According to recent analysis carried out by AB Vista, the global market for non-starch polysaccharide (NSP) and protease enzymes is considerably larger than previously recognised, at around US$550 million, and even larger than the US$450 million phytase market.
Overall market penetration of NSP enzymes has increased markedly over the last few years, and is now estimated, at around 57% of global monogastric feed. AB Vista has grown its own sales by a compound 30% pa over the last four years, and has consolidated its position as the clear #3 feed enzyme supplier.
“There has clearly been a lot of growth in NSP enzyme use in the last five years, particularly in the typically corn-soya diets of the Americas,” states Richard Cooper, AB Vista’s Managing Director. “Increasing numbers of swine and poultry producers are now taking advantage of the performance and financial gains available from NSP enzymes.”
The AB Vista NSP analysis used data from the 500 largest global users of feed enzymes across 33 countries to reveal key trends within the NSP enzyme market. Compared to the phytase sector, the NSP market has a far greater number of suppliers and products – more than 30 brands – and is also more reliant on relatively mature products. Eight of the top ten products have been on sale for more than 15 years.
“The concern is that large numbers are missing out on the improved gains available from the latest generation NSP enzyme products,” Mr Cooper adds. “It is a situation perpetuated by many, who are apparently still making buying decisions based on cost per tonne rather than financial returns.”
Xylanase continues to be the most important NSP enzyme, and is generally regarded as having the most supporting evidence. Xylanase-based products account for nine of the top ten NSP enzyme products, with five of those being single xylanase products.
“The science supporting the use of so-called multi-enzyme products is still not clear, and the market reflects this in its confidence in xylanase as the primary NSP enzyme,” Mr Cooper highlights. “The results also demonstrate how much work is needed to unravel the conflicting messages being put into the market about product types and efficacy, and just how important initiatives like the Inspire: International NSP Forum 2014 are to clarifying the issues surrounding NSP substrates and NSP enzyme use.”

Download

0 Comment

loginuserlogo
Name

Please enter your name


Email

Please enter your email

Please enter valid email


Comment

Please enter your comment


Post Comment

Your comment has been submitted successfully. Please wait for admin approval.


Comments

No comments posted yet. Be the first to post a comment


New Zealand | 31 August 2016
Agribusiness: Managing risk key to dairy farming future

Few industries generate as much discussion or concern in New Zealand as dairy farming. Currently, there is much discussion about the high levels of dairy debt. Those with long memories will know th...


USA | 31 August 2016
Farmworker overtime bill is another factor in agricultural evolution

Everyone knows about the California Gold Rush – the massive migration of fortune seekers to the hills of the former Spanish colony in the 1840s and 1850s. During the same period, however, there was...


Australia | 31 August 2016
Cattle exporter misses prospectus targets

Live cattle exporter Wellard Group has missed its prospectus forecasts on revenue, profit and margins, booking a $23 million annual loss instead of the forecast $9 million net profit. Stripping out...


USA | 31 August 2016
The future of agriculture could rest with self driving tractors

With all the talk of autonomous cars from Tesla’s master plan to take on Uber to the legacy automotive players like Ford and Audi pursuing the self-driving agenda, there’s little talk on self-driving ...


New Zealand | 31 August 2016
Stolen herd of dairy cows would cost at least $1m

The theft of 500 dairy cows worth $1 million is no joke and if it had been a bank robbed of this amount there would be a big fuss, says Federated Farmers. Dairy chairman Andrew Hoggard said the the...



Trending Now

Viewed
Discussed


Top stories you may have missed
FarmingUK
FarmingUK Logo

FarmingUK

A new survey has revealed that the vast majority of British consumers belie...


FarmingUK
FarmingUK Logo

FarmingUK

The British public are overwhelmingly in favour of keeping or strengthening...


FarmingUK
FarmingUK Logo

FarmingUK

The sustained recovery of pig prices since the spring has come at a time wh...


FarmingUK
FarmingUK Logo

FarmingUK

A World Trade Organisation (WTO) panel has declared the Russian import ban ...


FarmingUK
FarmingUK Logo

FarmingUK

A new study has linked oilseed rape crops grown from neonicotinoid-treated ...


FarmingUK
FarmingUK Logo

FarmingUK

Philip Hammond is to guarantee billions of pounds of UK government investme...


FarmingUK
FarmingUK Logo

FarmingUK

Access to the foreign labour market is 'critical', according the chief exec...


FarmingUK
FarmingUK Logo

FarmingUK

The Tenant Farmers Association has said the National Trust's vision for a p...


FarmingUK
FarmingUK Logo

FarmingUK

Ulster farmers will 'not lie down and wave the white flag' when Brexit nego...


FarmingUK
FarmingUK Logo

FarmingUK

The cost of rural crime to the UK economy costs £42.5 million a year, accor...


closeicon
Username
Password