Firstly, the market capacity of the enzyme preparation industry

          1、1. Global market for enzyme preparation 

         The enzyme preparation industry is a high-tech industry, and its products are characterized by low dosage, high catalytic efficiency and strong specificity. The application of enzyme preparations is extensive, which can reduce the production cost of downstream industries, relieve the pressure of rising prices of various raw materialseffectively, improve the production efficiency of downstream industries while reducing environmental pollutionat the same time. In recent years, the global market for enzyme preparations has increased year by year. According to the annual financial report of Novozymes, the leading international enzyme preparation company, the global enzyme preparation market in 2016 was 25.4 billion Danish kroner, whichwas US$3.774 billion (according to the annual average exchange rate of the US dollar against the Danish krone is 1 US dollar = 6.73 Danish Krone in 2016). The global compound growth rate of the global enzyme preparation market from 2008 to 2016 is 5.95%.

 

          According to the report “Industrial EnzymesMarket” published in 2014 by market consultancy MarketsandMarkets, in 2013, the global enzyme preparation market was classified by application, food and beverage were the largest market segments, followed by washing and feed; Divided by sales area, North America accounts for 38%, Europe 29% and Asia Pacific 22%. North America is the largest market for enzyme preparations.

 

         "China's enzyme preparation industry analysis report 2018- market in-depth research and development prospects " was released with reference to Insight& Info Consulting Ltd.

 

         2. Domestic enzyme preparation market

          Through the introduction of foreign advanced equipment, excellent strains and new enzyme preparations, China has achieved rapid development in the enzyme preparation industry. Under the double stimulation of expanding market demand and favorable policies, China's enzyme production has reached to 1.28 million standard tonsin 2016 , with a compound annual growth rate of 9.60%. According to the data of the “Global Industrial Enzyme Industry Research Report in 2014 and the Forecast for the Next Three Years”, republished by Pr newswire,the consumption of China's enzyme preparation market in 2014 only accounted for 9.4% of the global market, and the future development space is broad.

 

Source: China Bio Fermentation Industry Association

          At the same time, with the continuous improvement of the research and development of enzyme preparations and fermentation technology in China, many domestic enzyme preparation manufacturers have formed corresponding independent brands. Some domestic brands' products are continuously recognized in the international market, and the export volume is generally rising except occasional fluctuations. With the constantly development of China's enzyme preparation industry along with the improvement of product quality, the international competitiveness of China's enzyme preparation enterpriseswill be further enhanced .

 Source: China Bio Fermentation Industry Association

          3. Micro-ecological industry market capacity

          1) Global micro-ecological market

          According to the research1 published by market consultancy ResearchandMarkets in 2017, the global micro-ecological preparation market was $39.711 billion in 2016. It is expected to grow to $58.20 billion in 2021, with a compound annual growth rate of 7.94%.

          According to the research2 issued by market consultancy MarketsandMarkets in 2016, the global market for animal micro-ecological preparations is estimated to be $3.2 billion in 2016. It is expected to grow at a compound annual growth rate of 7.7% in 2007 to $4.71 billion.

          According to the research3 released by Novozymes and Monsanto, the sales volume of plant micro-ecological preparations in 2014 was about $1.8 billion. With the increasing emphasis on sustainable growth in the world, the plant micro-ecological market is expected to continue to maintain an annual compound growth rate of more than 10%.

         2) Domestic micro-ecological market

          Micro-ecological preparations are mainly used in feed, aquaculture, planting, food, health care and pharmaceutical industries. During the reporting period, the company mainly produced and sold micro-ecological preparations for animals, micro-ecological preparations for plants and food micro-ecological preparations.

          With the increasing public concern on food safety, agricultural authorities have stepped up efforts to regulate antibiotic abuse. The demand for animal micro-ecological preparations in China has grown rapidly, showing a broad market development prospect. According to the"IPO prospectus"of Beijing Dabeinong Technology Group Co., Ltd., the output of animal micro-ecological preparations in China has exceeded 150,000 tons in 2012, with an output value of more than 2 billion yuan.

          Meanwhile, the extensive use of chemical fertilizers in China has caused serious environmental pollution to soil and water bodies, and problems such as soil salinization and soil hardening. The demand for micro-ecological preparations for plants is expanding as the effects are gradually recognized of micro-ecological preparations on plants in solving environmental problems such as soils and water bodies . According to the "China New Fertilizer Industry Development Report (2015)", China's new fertilizer industry achieved a gross production value of nearly 100 billion yuan in 2015 , and the profit reached nearly 13.8 billion yuan, with a year-on-year growth of about 15%. Among them, the output of microbial fertilizers (including plant micro-ecological preparations) was 9.6~11 million tons per year, with an annual output value of 18 billion yuan.

          4. Market capacity of animal health industry

          1) Global animal health market

          After years of development, the foreign animal health care market has entered a period of steady development. In addition to the negative growth caused by the global financial crisis in 2009, the global animal health market has maintained stable growth. The market size has increased from $13.7 billion in 2004 to $30 billion in 2015, with a compound annual growth rate of 7.39%.

 

          According to forecasting of the market agency Vettenosis, the global animal health market capacity will grow to $54 billion in 2025, enjoying a broad market prospects. It’s now primarily concentrated in the European and American markets. Products are mainly veterinary chemicals, chiefly used on economic animals. According to data of the International Federation for the Protection of Animals (IFAH), the global animal health market in 2015 will be divided by sales area, with the American market accounting for 43%, the European market accounting for 24%, and the other markets accounting for 33%. The American market is the world's largest market; Classified by the product type, veterinary chemicals account for 57%, biological products account for 29%, and veterinary drug feed additives account for 14%. In terms ofapplicable animals, economic animals accounted for 67% of the global animal health market in 2015, and companion animalaccounted for 33%.

 

 

 

        2) Domestic animal health market

          The market size of China's animal health industry yet lags far behind that of foreign countries. However, with the country's growing attention to animal epidemic prevention and control and food safety, the domestic animal health industry has developed rapidly and maintained a high growth trend. From 2007 to 2015, the market size of China's health industry increased from 18.508 billion yuan to 41.357 billion yuan, with a compound annual growth rate of 10.57%.

 

兽药消费额 Veterinary drug consumption  增速 Growth

          According toproduct division, animal health industry can be subdivided into veterinary chemical (including Chinese veterinary drugs) industry and biological products industry. At present, China's animal health industry is dominated by veterinary chemicals. In 2015, the national animal health industry sales were 41.357 billion yuan, of which the sales of veterinary chemicals was 30.649 billion yuan, accounting for 74.11%. From the trend point of view, the proportion of veterinary chemicals has decreased year by year since 2011.

 

兽药消费额 Veterinary drug consumption  增速 Growth

         At the same time, the market size of China's biological products has increased year by year, with a compound annual growth rate of 13.55%. In 2015, the sales reached to 10.708 billion yuan. Currently, the market share of biological products is less than that of veterinary chemicals, accounting for 25.89% in 2015. In terms of trends, the proportion of biological products has steadily increased from 2010 to 2015.

 

生物制品消费额Consumption of biological products   占比  Percentage 

          According to the targeted animals, biological products for pigs and poultry are the main components. Among them, the market size of pig biological products in 2015 was 5.013 billion yuan, accounting for 46.82% of the total market size, while that of poultry biological products in 2015 was 3.521 billion yuan, accounting for 32.88% . The market for pig biological products is relatively larger.

          Among the biological products for pigs, the market size of the mandatory immunization vaccine in 2015 was 3.454 billion yuan, accounting for 68.90% of the market for pig biological products. It can be seen that the biological products for pigs in China are mainly mandatoryimmunization vaccines. However, the Ministry of Agriculture's “National Animal Disease Compulsory Immunization Program in 2017”has abolished the mandatory immunization requirements for swine fever and highly pathogenic swine blue ear disease of pigs, and it is expected that the market share of compulsory immunization vaccines for pig biological products will decrease year by year since 2017. Meanwhile, in poultry biological products, the market size of compulsory immunization vaccine in 2015 was 1.264 billion yuan, accounting for 35.90% of the market size of poultry biological products. Poultry biological products were mainly non-compulsory immunization vaccines.

 

猪用生物制品Biological products for pigs   禽用生物制品Biological products for poultry  

强制免疫Compulsory immunization 非强制免疫Non-compulsory immunization