The feed enzyme market was valued at $781.7 million in 2012 and expected to increase to $1,193.0 million by 2018, with a CAGR of 7.3% for the forecast period, according to a recent report by Market and Markets.
As feed represents about 70% of the swine production cost, the current record-high feed prices are a major concern for swine producers. This calls for sustainable solutions, one being to optimise feed utilisation in a cost effective way.
With three separate transactions, BASF has strengthened its technology footprint in industrial enzymes, one of BASF’s identified growth fields: