Feed Enzymes Market

Analysis from GMI Research finds that the Feed Enzymes Market earned revenues of USD 1.6 billion in 2021 and estimated to touch USD 2.9 billion in 2029 will grow at a CAGR of 7.8% from 2022-2029.

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Key Drivers

The major factors propelling the growth of the global feed enzymes market during the forecast period include the growing demand of animal-based products like eggs, meat products and dairy product, easy availability of feed ingredients at a lower price, and the increasing demand for naturally produced feed & feed additives. The growing prominence of enzymes in feed additives in order to improve its quality, improve digestion, and nutrient content of the feed, is forecast to expand the market growth. The feed enzymes market is driven by the growing concern over animal health and a growing demand for more feed nutrient uptake. Additionally, the government emphasis to enhance the quality of meat and egg and the restriction on antibiotics in several locations, will expand the market growth.

The increasing awareness about animal health and food safety is likely to enhance the growing demand for the Global Feed Enzymes market. In addition to this, the increasing demand for the animal protein, the remarkable benefits of the enzymes, and the continuous rise in the animal population will further complement the growth of the Global Feed Enzyme market. Increasing inclination toward organic meat has persuaded producers to seek for advanced solutions and effective techniques that fulfil the demand for organic meat, augmenting the consumption of feed additives, including enzymes, by the feed producers to improve animal productivity, which is driving the market. On the other hand, the difficulty in the hydrolysis process of cellulose and high inclusion rate of enzymes will hamper the growth of the Global Feed Enzymes market. Moreover, the imprecise regulatory process and increasing cost involved in the research and development of enzyme products are projected to hinder the market growth.

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Type – Segment Analysis

Based on the type, phytase segment is expected to grow at a higher CAGR owing to its outstanding benefits to the livestock. It helps in enhancing bone health, gaining bodyweight, improving digestive efficiency, breaking down of indigestible phytic acid, thereby supporting the overall growth of the animals. The increasing technological innovation in the phytase production process to improve the digestion of the livestock will create new opportunities for the manufacturers

Source – Segment Analysis

Based on the source, microorganism segment is projected to grow at a higher CAGR over the forecast period due to the increasing usage of microorganism enzymes to extract feed enzymes. Microorganisms are highly prominent and suitable in the production process of feed enzymes. Moreover, the recent development in molecular techniques such as genomics and metagenomics to improve feed quality will have a positive impact on the demand of the Global feed Enzymes market over the forecast period.

Livestock – Segment Analysis

Based on the livestock, the global feed enzymes market segmented into poultry, swine, ruminants, aquatic animals, and others. The poultry segment is expected to grow at a higher CAGR due to the rapid shift in the consumption trend of the target customer and the price advantage of poultry meat over the other segments. Moreover, the growing demand for poultry meat across different nations such as the US, Brazil, China, and Thailand will surge the demand of the Global Feed Enzymes market. Moreover, the growth of poultry sector across the and increasing adoption of enzymes in poultry feed will further expedite the market growth.

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Regional – Segment Analysis

Based on the region, Asia-Pacific is projected to grow at the highest CAGR during the forecast period owing to the increasing number of feed mills in the Asian countries and the growing rate of livestock population in the region as per FAO, 2016. The increasing consumption of meat and the expanding number of middle-income consumers in developing nations such as India and China will also accelerate the demand of the Global Feed Enzymes market. Moreover, rising consumer awareness is expected to widen up the growth opportunities for manufacturers in the region.

North America is predicted to hold a higher share over the coming years, owing to the existence of well-developed animal production industry and strict food safety rules pertaining the use of additives. The growing trend of clean label trend for ingredients and additives used in the production of animal feed is projected to increase the development of organic and microbial feed enzymes, which will expand the market growth.

Various notable players operating in the market include Cargill, Incorporated, BASF SE, DowDuPont, Bluestar Adisseo Co., Koninklijke DSM N.V., Kemin Industries, Inc., Associated British Foods plc, Advanced Enzyme Technologies, Novus International, Inc., Novozymes A/S, among others.

Key Developments:

• • In 2021 – Danisco Animal Nutrition decided to expand the industry-leading novel phytase enzyme, Axtra PHY GOLD, in Malaysia, Thailand, and Australia.
  • In 2021, The DSM and Novozymes Feed Enzymes Alliance released its second-generation breakthrough protease, ProAct 360. ProAct 360 is manufactured with new protease technology for poultry addresses feed efficiency, affordability, and sustainability. This innovative feed solution delivers more consistent improvements in growth performance, improved matrix values for key amino acids, and faster action.
  • In 2019, BASF launched Natuphos® E phytase enzymes for the feed industry in Indonesia. Natuphos E phytase enzymes focus on better utilization of various nutrients, thus making livestock cost-effective and environment friendly.
  • In 2019, Kemin Industries collaborated with CRVAB Bio-technology Co., Ltd. to capture the growing demand of the target customers. The partnership created new opportunities, such as expansion in food and textile applications.

Segments covered in the Report:

The global feed enzymes market has been segmented based on function, type, source, form, livestock, and region. Based on function, the market is segmented into performance enhancement and feed efficiency. Based on type, the market is segmented into phytase, protease, carbohydrase, and others. The carbohydrase segment is further segmented into xylanase, amylase, cellulase, and other carbohydrase. Based on source, the market is segmented into microorganism, plant, and animal. Based on form, the market is segmented into dry and liquid. Based on the livestock, the market is segmented into poultry, swine, ruminants, aquatic animals, and others. The poultry segment is further segmented into broilers, turkeys, layers, and others. The swine segment is further segmented into starter, grower, and sow. The ruminants segment is further segmented into calves, dairy cattle, beef cattle, and others.

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Key questions answered in this research report:

• • At what pace is the global feed enzymes market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the global feed enzymes market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global feed enzymes market?
  • Which function generated maximum revenues in 2021 and identify the most promising functions during the forecast period?
  • What are the various sources of the global feed enzymes market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Feed Enzymes Market by Function

• • Performance Enhancement
  • Feed Efficiency

Global Feed Enzymes Market by Type

• • Phytase
  • Protease
  • Carbohydrase
    • Xylanase
    • Amylase
    • Cellulase
    • Other Carbohydrase
  • Others

Global Feed Enzymes Market by Source

• • Microorganism
  • Plant
  • Animal

Global Feed Enzymes Market by Form

• • Dry
  • Liquid

Global Feed Enzymes Market by Livestock

• • Poultry
    • Broilers
    • Turkeys
    • Layers
    • Others
  • Swine
    • Starter
    • Grower
    • Sow
  • Ruminants
    • Calves
    • Dairy Cattle
    • Beef Cattle
    • Others
  • Aquatic Animals
  • Others

Global Feed Enzymes Market by Region

• • North America Feed Enzymes Market (Option 1: As a part of the free 25% customization)
    • By Function
    • By Type
    • By Source
    • By Form
    • By Livestock
    • United States of America (US) Market All-Up
    • Canada Market All-Up
  • Europe Feed Enzymes Market (Option 2: As a part of the free 25% customization)
    • By Function
    • By Type
    • By Source
    • By Form
    • By Livestock
    • United Kingdom (UK) Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Feed Enzymes Market (Option 3: As a part of the free 25% customization)
    • By Function
    • By Type
    • By Source
    • By Form
    • By Livestock
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Feed Enzymes Market (Option 4: As a part of the free 25% customization)
    • By Function
    • By Type
    • By Source
    • By Form
    • By Livestock
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Global Feed Enzymes Leading Market Players (Option 5: Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Cargill, Incorporated
  • BASF SE
  • Dowdupont
  • Bluestar Adisseo Co.
  • Koninklijke DSM N.V.
  • Kemin Industries, Inc.
  • Associated British Foods plc
  • Advanced Enzyme Technologies
  • Novus International, Inc.
  • Novozymes A/S