USD 1.77 billion
Global Animal Feed Enzymes Market Size, Share, Growth Analysis, By Source(Microorganisms, Plants), By Livestock(Poultry, Swine), By Type(Carbohydrase, Phytase) - Industry Forecast 2024-2031
Report ID:
SQMIG30I2143 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|
Tables:
93 |
Figures:
76
Global Animal Feed Enzymes Market Insights
Animal Feed Enzymes Market size was valued at USD 1.77 billion in 2021 and is poised to grow from USD 2.7 billion in 2022 to USD 9.36 billion by 2030, growing at a CAGR of 19.50% in the forecast period (2023-2030).
The global market growth is driven by rising awareness about animal health and increasing demand for sustainable feed solutions. The increasing focus on animal nutrition and the growing need for cost-effective feed solutions can drive the market. The report highlights that the increasing demand for livestock products in developing countries, coupled with the need for sustainable and eco-friendly feed solutions, is creating opportunities for growth in the animal feed enzymes market. Furthermore, the use of animal feed enzymes is also being driven by regulatory initiatives to reduce the use of antibiotics in animal feed, as enzymes can help improve the gut health of animals and reduce the need for antibiotics.
According to the World Health Organization (WHO), the use of animal feed enzymes has increased in recent years, driven by the growing demand for meat products and the need for sustainable feed solutions. WHO reports that the global animal feed enzymes market is projected to grow at a CAGR of 7.5% from 2021 to 2026. The report highlights that the use of enzymes in animal feed can improve the nutritional value of feed, enhance animal health, and reduce the need for antibiotics. The report also notes that the increasing demand for eco-friendly feed solutions is expected to drive the growth of the animal feed enzymes market in the coming years.
Based on SkyQuest analysis, we found that, North America is the largest regional market for animal feed enzymes, accounting for over 40% of the global market share in 2023. China is one of the largest markets for animal feed enzymes, driven by the large population and growing demand for meat and dairy products and the animal feed enzyme market in China is expected to grow at a CAGR of 9.5% during the forecast period.
US Animal Feed Enzymes Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Microorganisms
Fastest Growth
Microorganisms
Growth Rate
19.50% CAGR
Global Animal Feed Enzyme Market 2022-2030 ($ Bn)
Country Share for North America Region- 2022 (%)
Global Animal Feed Enzyme Market Size By Source 2022-2030 ($ Bn)
Global Animal Feed Enzyme Market Size By Source 2022-2030 (%)
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Global Animal Feed Enzymes Market Segmental Analysis
Animal Feed Enzymes Market is segmented by source, livestock, and type. Based on source, the market can be segmented into microorganisms, plants, and animals. Based on livestock, the market can be segmented into poultry, swine, ruminants, aquaculture, and others. Based on type, the market can be segmented into carbohydrase, phytase, protease, and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Animal Feed Enzymes Market Analysis by Source
By source, the market can be segmented into microorganisms, plants, and animals. The microorganisms segment is expected to hold the largest share due to its high efficiency and cost-effectiveness. Moreover, advancements in biotechnology have led to the development of genetically modified microorganisms that produce high yields of enzymes and are resistant to environmental stresses. Microorganisms such as bacteria and fungi are the most commonly used source of animal feed enzymes. They are easy to cultivate and provide high yields of enzymes. Moreover, microorganisms can be engineered to produce specific enzymes that are more efficient and effective in breaking down specific nutrients in feed.
The plants segment is expected to grow at a moderate rate due to the increasing demand for natural and organic feed solutions. However, the use of plant-derived enzymes is limited by their low efficiency and effectiveness. Plants such as soybeans and barley are also a potential source of animal feed enzymes. They contain natural enzymes that can improve the digestibility of feed and reduce the need for added enzymes. However, plant-derived enzymes are less efficient and effective than microorganisms and may not be suitable for all types of animal feed.
Animal Feed Enzymes Market Analysis by livestock
By livestock, the market can be segmented into poultry, swine, ruminants, aquaculture, and others. Due to the high demand for chicken meat and eggs, the poultry segment is anticipated to represent the greatest share of the animal feed enzyme market. Poultry requires feed that is rich in nutrients and easily digestible, making it an ideal candidate for enzyme supplementation. Carbohydrase enzymes are commonly used in poultry feed to break down complex carbohydrates and improve nutrient absorption, while phytase enzymes are used to improve the utilization of phosphorus in feed. Other enzymes such as proteases and lipases may also be used to improve protein and fat digestion.
The swine segment is also a significant contributor to the animal feed enzyme market, as pigs require high-quality feed for optimal growth and production. Swine feed enzymes are typically used to improve nutrient digestibility, reduce feed costs, and promote growth. Carbohydrase enzymes such as amylase and xylanase are commonly used in swine feed to break down complex carbohydrates and improve digestibility. Protease enzymes are also used to improve protein digestion and absorption.
Global Animal Feed Enzyme Market By Source, 2022 (%), 2023 (%)
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Global Animal Feed Enzymes Market Regional Insights
North America dominated global animal feed enzyme market, with the United States and Canada being the leading countries in the region. The North American marketis expected to grow at a steady pace due to the increasing demand for animal protein, growing awareness about the benefits of using feed enzymes, and the need to improve the efficiency of animal production. The United States is the largest market for animal feed enzymes in North America, with a significant share of the global market. The growth of the animal feed enzyme market in the United States is driven by the increasing demand for meat and dairy products, which has resulted in the growth of the animal feed industry. The increasing adoption of animal feed enzymes by livestock farmers to improve animal health and productivity is also expected to drive the market growth in the region. Canada is another significant market for animal feed enzymes in North America, with a strong presence of key market players in the country. The growth of the animal feed enzyme market in Canada is driven by the increasing demand for high-quality animal feed, growing awareness about the benefits of using feed enzymes, and the need to reduce the environmental impact of animal agriculture. The regulatory framework in North America is well-established, with strict regulations governing the use of animal feed enzymes in animal feed. The Food and Drug Administration (FDA) in the United States and the Canadian Food Inspection Agency (CFIA) in Canada regulate the use of animal feed enzymes in animal feed and ensure that they are safe and effective. In terms of market share, the North American animal feed enzyme market is dominated by key players such as DSM, BASF SE, Novozymes, and DuPont. These companies have a strong presence in the region and are investing in research and development to develop innovative feed enzyme solutions that meet the specific needs of different livestock species.
The Asia-Pacific (APAC) region is a major contributor to the global animal feed enzyme market and is expected to be the fastest-growing market for animal feed enzymes during the forecast period. The APAC market is driven by the increasing demand for meat and dairy products, as well as the growing awareness of the benefits of using animal feed enzymes to improve animal health and productivity. China, India, and Japan are the major markets for animal feed enzymes in the APAC region. China is the largest market for animal feed enzymes in the world, and the demand for animal feed enzymes in the country is expected to continue to grow due to the increasing demand for meat and dairy products. The Chinese market is driven by the increasing use of animal feed enzymes to improve the nutritional value of animal feed and the need to reduce the environmental impact of animal agriculture. India is another major market for animal feed enzymes in the APAC region, driven by the increasing demand for cost-effective feed solutions and the need to improve animal health and productivity. The Indian market is also driven by the increasing adoption of animal feed enzymes in the poultry and aquaculture industries. Japan is a mature market for animal feed enzymes, but the demand for these enzymes is expected to continue to grow due to the increasing demand for high-quality meat and dairy products and the need to improve the efficiency and sustainability of animal agriculture.
Global Animal Feed Enzyme Market By Geography, 2022-2030, 2024-2031
- Largest
- Fastest
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Global Animal Feed Enzymes Market Dynamics
Animal Feed Enzymes Market Drivers
Increasing demand for meat and dairy products
- One driver of the animal feed enzyme market is the increasing demand for meat and dairy products, particularly in emerging markets such as Asia and Africa. As the global population continues to grow and become more affluent, there is a corresponding increase in the consumption of animal protein. Animal feed enzymes are used to improve the nutritional value of animal feed, which in turn helps to improve the health and productivity of livestock. This growing demand for animal feed enzymes is expected to continue, as the world's population is projected to reach 9.7 billion by 2050, driving the need for more efficient and sustainable methods of animal agriculture.
Animal Feed Enzymes Market Restraints
Lack of awareness and education
- One potential restraint for the animal feed enzyme market is the lack of awareness and education among small-scale farmers and producers, who may not understand the benefits of using animal feed enzymes or may not have access to information about how to use them effectively. This can limit the adoption of animal feed enzymes in certain regions or among certain groups of livestock producers, and may require increased education and outreach efforts to increase awareness and understanding of the benefits of using these enzymes in animal feed. Additionally, regulatory and legal barriers in some countries may also pose a challenge for market players looking to expand their presence.
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Global Animal Feed Enzymes Market Competitive Landscape
The competitive landscape of the animal feed enzyme market in the APAC region is characterized by the presence of a large number of small and medium-sized companies, as well as some multinational corporations. These companies compete based on factors such as product quality, price, and innovation. Market players are also focused on developing new and advanced feed solutions to meet the specific nutritional needs of different livestock species, and to expand their market presence in the region. However, intense competition and a fragmented market may pose a challenge for some companies, particularly smaller players who may struggle to compete with larger, established players in terms of marketing and distribution capabilities.
Animal Feed Enzymes Market Top Player’s Company Profiles
- Novozymes A/S (Denmark)
- DuPont de Nemours, Inc. (US)
- Koninklijke DSM N.V. (Netherlands)
- BASF SE (Germany)
- Adisseo France SAS (France)
- AB Enzymes GmbH (Germany)
- Aum Enzymes (India)
- Rossari Biotech Limited (India)
- Associated British Foods plc (UK)
- Chr. Hansen Holding A/S (Denmark)
- Kemin Industries, Inc. (US)
- BioResource International, Inc. (US)
- Biocatalysts Limited (UK)
- Advanced Enzyme Technologies Limited (India)
- Beijing Smistyle Sci.& Tech. Development Co.,Ltd. (China)
- Sunson Industry Group Co., Ltd. (China)
- Megazyme Inc. (Ireland)
- Biovet JSC (Bulgaria)
- Jiangsu Boli Bioproducts Co., Ltd. (China)
- Elanco Animal Health, Inc. (US)
Animal Feed Enzymes Market Recent Developments
- In February 2023, Adisseo France SAS announced the launch of a new line of enzymes, SmartEnzymes®, which are designed to help improve animal feed efficiency and reduce environmental impact. The company also announced plans to expand its enzyme production capacity in China.
- In January 2022, Novozymes A/S announced the acquisition of PrecisionBiotics Group Limited, a company specializing in microbial solutions for animal health and nutrition.
- In September 2021, Koninklijke DSM N.V. announced the launch of a new protease enzyme product, ProAct® 360, designed to help improve the digestibility and nutritional value of animal feed.
Global Animal Feed Enzymes Key Market Trends
- One key market trend in the global animal feed enzyme market is the increasing demand for phytase enzymes. Phytase enzymes are used to improve the digestibility of phytate, a compound found in plant-based feed ingredients, which in turn enhances the availability of nutrients such as phosphorus and calcium for animal growth and development. The rising adoption of plant-based diets for livestock and poultry, as well as the increasing focus on sustainable animal production practices, are driving the demand for phytase enzymes. Moreover, advancements in enzyme technology and the development of novel enzyme formulations are expected to further drive market growth in the coming years.
Global Animal Feed Enzymes Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global animal feed enzyme market analysis, the market is expected to experience significant growth in the coming years due to the increasing demand for meat and dairy products, as well as the need for more sustainable and efficient animal feed solutions. The market can be segmented into carbohydrase, phytase, protease, and others, with carbohydrase enzymes currently holding the largest market share. Asia-Pacific is expected to be the fastest-growing region in the market, due to the increasing demand for meat products and the growing animal feed industry in countries like China and India. However, the market growth may be restrained by factors such as the high cost of enzyme products and regulatory challenges. Overall, the global animal feed enzyme market is poised for significant growth in the coming years, driven by increasing demand for sustainable and efficient animal feed solutions.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.77 billion |
| Market size value in 2031 | USD 9.36 billion |
| Growth Rate | 19.50% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Animal Feed Enzymes Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Animal Feed Enzymes Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Animal Feed Enzymes Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Animal Feed Enzymes Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Animal Feed Enzymes Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Animal Feed Enzymes Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Animal Feed Enzymes Market Report Snapshots
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