USD 1.41 billion
Global Feed Enzymes Market Size, Share, Growth Analysis, By Type(Phytase, Carbohydrase), By Application(Poultry, Swine) - Industry Forecast 2024-2031
Report ID:
SQMIG15E2407 |
Region:
Global |
Published Date: April, 2024
Pages:
242
|
Tables:
64 |
Figures:
75
Global Feed Enzymes Market Insights
Feed Enzymes Market size was valued at USD 1.41 billion in 2019 and is poised to grow from USD 1.51 billion in 2023 to USD 2.88 billion by 2031, growing at a CAGR of 7.4% in the forecast period (2024-2031).
The global market for feed enzymes is expanding at a speedy rate, and it is expected that it will continue to expand at a rapid pace during the analysis period. The considerable expansion of the global feed enzymes market is being driven in large part by the expanding demand for food products that are derived from animals, the growing concern for the well-being of animals, and the rising demand for feed that allows for greater nutrient absorption.
Feed enzymes are used to enhance the quality of animal nutrition as well as improve the nutritional properties of animal fodder. Enzymes are natural proteins secreted by animals as a part of the feed digestion process. Feed enzymes improve the feed performance when added, as they offer additional nutrients such as minerals and vitamins to the animal feed.
US 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
Carbohydrase
Fastest Growth
Carbohydrase
Growth Rate
7.4% CAGR
Global Feed Enzymes Market 2022-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Feed Enzymes Market Size by Type, 2022-2028 ($ Bn)
Global Feed Enzymes Market Size by Type, 2022-2028 (%)
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Global Feed Enzymes Market Segmental Analysis
The global feed enzymes market is segmented based on type, application, and region. Based on type, the market is segmented into Phytase, Carbohydrase, and Protease. Based on application, the market is segmented into Poultry, Swine, Ruminants, and Aquatic Animals. Based on region, the global Feed Enzymes market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Feed Enzymes Market Analysis by Type
In 2021, the Carbohydrase segment accounted for the largest share in the global feed enzymes market and is expected to post tremendous growth during the analysis period. This is due to most animal feed manufacturers and farmers using carbohydrase as an enzyme. This segment is expected to expand the fastest during the projection period. Carbohydrase in feed, benefit livestock. Carbohydrase helps monogastric animals digest more starch and also increases feed ingredient energy.
Feed Enzymes Market Analysis by Application
In recent years, feed production for the pig, broiler, and dairy industries has seen large and healthy growth, driven by the industrialization of the livestock sector. According to the Alltech feed survey, the feed sector has grown 13% in the past years. This has increased the demand for high-quality enzymes from broiler, dairy, and pig feed manufacturers. Favorable government rules promote the growing feed output, which creates a need for substances that can be added to animal feed to improve animal-sourced products. In Russia and China, where government regulations support internal pig feed production and import displacement, demand for feed enzymes like proteases has increased in recent years. Novozymes and DSM BASF SE use commercial feed enzymes in chicken diets to increase performance, feed utilization, and environmental contamination by reducing manure nutrients. These factors may boost the feed enzymes market throughout the forecast period.
Global Feed Enzymes Market By Type, 2021 (%), 2023 (%)
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Global Feed Enzymes Market Regional Insights
The Asia Pacific is predicted to account for the highest market share in the year 2021. This is because China and India are the most highly populated country in the region and 7200 feed mills in China and India produce 227 million metric tons of compound feed. The output increased from 433.610 million metric tons to 458.121 million metric tons between 2020 and 2021, the highest CAGR of all regions. Higher compound feed consumption and production will boost the region’s feed enzymes market during the analysis period.
Global Feed Enzymes Market By Geography, 2022 - 2028, 2024-2031
- Largest
- Fastest
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Global Feed Enzymes Market Dynamics
Feed Enzymes Market Driver
- Feed production accounts for the maximum or more than half of the animal production costs. Every livestock farmer aims to reduce feed expenses per animal. The nutritional value of feed affects its digestibility. The feed can account for 90% of enzyme response variance. Improved digestibility reduces nutrient density and production costs. Feed enzymes sustain animal performance while reducing feed costs by reducing the indigestible food component which will drive the global feed enzymes market during the analysis period.
- Various health benefits offered by animal feed enzymes such as improving energy level and enhancing metabolism rate are further propelling the growth of the market. In addition, prevalence of various food-borne diseases among animals are increasing the demand of the animal feed enzyme products.
Feed Enzymes Market Restraint
- Excess feed enzymes can influence endogenous enzyme levels in the GI tract, causing health problems. Age, food, and enzyme inclusion rates in feed products affect the level of this effect. Feeding enzymes can cause vomiting, flatulence, diarrhea, and edema. Some animals have digestive enzyme allergies which would restrain and slow down the feed enzymes market growth.
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The struggle in the hydrolysis of cellulose and the developed inclusion rates of enzymes might have harmful effects which are further projected to hinder the growth of the market .
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The quality production of enzymes requires a high level of R&D investments for development . The various molecular techniques such as metagenomics and genomics require high level infrastructural lab facilities. Therefore, initial heavy investment can impede the expansion of market.
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Global Feed Enzymes Market Competitive Landscape
The feed enzymes market is relatively fragmented, with a high level of competition. Few large players, like Novozymes A/S, Kemin Industries Inc, and Cargill Inc., now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability.
Feed Enzymes Market Top Player’s Company Profiles
- Novozymes A/S
- DSM N.V.
- BASF SE
- DuPont de Nemours, Inc.
- AB Enzymes GmbH
- Adisseo France SAS
- Advanced Enzyme Technologies Limited
- Aum Enzymes
- Chr. Hansen Holding A/S
- Kerry Group plc
- Danisco A/S
- BioResource International, Inc.
- Biovet JSC
- Jiangsu Boli Bioproducts Co. Ltd.
- Koninklijke DSM N.V.
- Lesaffre Group
- Longda Bio-Products Co., Ltd.
- Maps Enzymes Ltd.
- Shenzhen Leveking Bio-Engineering Co., Ltd.
- Sunson Industry Group Co., Ltd.
Feed Enzymes Market Recent Developments
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In December 2022, Danish food ingredients and enzymes makers Novozymes (NZYMb.CO) and Chr. Hansen (CHRH.CO) have agreed to merge, the two companies said in a joint statement .
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In 1 February 2022, BASF SE, which is a German chemicals company completed an expansion of its feed enzymes production facility in Ludwigshafen, Germany, enabling it to increase the number of fermentations run at the site every year.
- In July 2021, DuPont de Nemours, Inc. initiated an expansion of the leading innovative phytase enzyme in the business, Axtra® PHY GOLD, in the countries of Malaysia, Thailand, and Australia respectively. The first version of Axtra® PHY GOLD was introduced to the market in India in the year 2020.
- In November 2021, ProAct 360 is a second-generation protease from DSM and Novozymes. ProAct 360's innovative protease technology improves feed efficiency, affordability, and sustainability. This unique feed formulation improves growth performance, amino acid matrix levels, and action.
Global Feed Enzymes Key Market Trends
- Some fungi have been shown, through preliminary research, to be able to thrive in POME (palm oil mill effluent) and to have the ability to manufacture phytase enzymes. This information has been obtained. The use of feed items containing phytase enzymes in monogastric and digastric livestock may improve the efficiency of nutrient intake as well as the resistance of animals to disease assaults. One sort of waste that has not been utilized to a significant degree in the manufacturing of enzymes is known as palm oil mill effluent (POME). Some of the fungi that can be found growing on POME have shown evidence of their ability to produce phytase. This will help further to develop various new sources for enzymes and will propel the growth of the feed enzyme market during the analysis period.
Global 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 the robust Secondary Desk research.
According to our analysis, the Carbohydrase segment accounted for the largest share in the global feed enzymes market and is expected to post tremendous growth during the analysis period. This is due to most animal feed manufacturers and farmers using carbohydrase as an enzyme. Favorable government rules promote the growing feed output, which creates a need for substances that can be added to animal feed to improve animal-sourced products. The Asia Pacific is predicted to account for the highest market share in 2021.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.41 billion |
| Market size value in 2031 | USD 2.88 billion |
| Growth Rate | 7.4% |
| 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:-
|
| Historical Year | 2019 |
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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 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 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 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 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 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 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 Feed Enzymes Market Report Snapshots
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