Feed Enzymes Market Analysis | 2023-2028

Feed Enzymes Market Analysis | 2023-2028

Feed Enzymes Market Analysis | 2023-2028
Report code - SRAM400 Delivery - 2 Weeks
Feed Enzymes Market Size, Share, Trends, Forecast, Industry, and Growth Analysis (2023-202 See more...

Market Insights

"The global feed enzymes market is expected to grow from USD 1.56 billion in 2022 to USD 2.47 billion by 2028 at a healthy CAGR of 7.95% during the forecast period of 2023–2028."

Feed Enzymes Market Size

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What are feed enzymes?

Feed enzymes are gaining significant traction as they help to reduce feed costs, increase the nutritional value of feed ingredients, and improve the environment, all while maintaining or improving animal performance.

Feed enzymes are of different types such as phytase, protease, carbohydrase, and others. Phytase is the most preferred type as considered by animal feed manufacturers and livestock producers to be used as an enzyme.

Feed Enzymes Market Report Overview

Market Size in 2022

US$ 1.56 Billion

Market Size in 2028

US$ 2.47 Billion

CAGR (2023-2028)

 7.95%

Base Year of Study

2022

Trend Period

2017-2021

Forecast Period

2023-2028

Dominant Region

Asia-Pacific is estimated to be the fastest-growing market.

Market Dynamics

The feed enzyme market is dominated by the demand for healthier animals and more nutritional uptake in animal feeds. To this end, the feed enzymes market is usually driven by the increasing concern about the effect of animal health on the nutrients they take up. Key drivers include:

1. Shift towards the production of animal- and bio-based products alongside a decreasing dependence on fossil fuel sources worldwide such as in the areas of Asia-Pacific.

2. Rising acceptance of enzymes administration as supplements to improve production levels, strengthen immunity systems and develop digestion in livestock species like poultry and swine.

3. Changes in regulations to prevent antibiotics as growth promoters in feeds used in animal husbandry, with the resultant shift in feed additives, e.g., feed enzymes.

4. Actions to introduce diseases, pests, and genetic problems in raising milk and an effort to increase feed costs.

On top of that, emphasis on the development and use of specific animal feed enzymes by livestock and a focus on improving enzyme thermostability enhance market growth.

Opportunities:

The Feed Enzymes market exhibits great prospects for development which are based on several factors; such as increasing the demand of high-quality animal products, the growing commitment of consumers towards animal health and the necessity to improve feed nutrient uptake. The market is particularly expected to benefit from the efforts on the improvement of meat and egg production quality, limitation of antibiotics in feeds for animals and the increasing interest on food safety. Lastly, the market is also projected to record growth in the Asia-Pacific region as a result of the rising animal populations and swell in feed mill proportions. The feed enzymes innovations which are specific to phytase enzymes and the development of particular enzymes for different animal groups are the main factors stimulating the Feed Enzymes Market.

 

Feed Enzymes Market Snapshot

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Key Players

Some of the major players in the global market are:

Segments Analysis

By Type

"The phytase segment accounted for the largest market share."

The market is segmented into phytase, protease, carbohydrase, and others. Being preferred by most animal feed manufacturers and livestock producers, phytase is estimated to hold the majority of the share of the segment during the forecast period. The usage of phytase in feed provides some advantages such as it offers the highest activity at low pH; helps in the improvement of bone health, and body weight gain, enhances digestive efficiency by breaking down indigestible phytic acid and thus, acts as an aid in the release of digestible phosphorus, calcium, and other nutrients that aid the growth of animals.

Source Trends

"The microorganism segment accounted for the largest market share."

The feed enzymes market is segmented into microorganisms, plants, and animals. The microorganism segment is projected to be the dominant type during the forecast period. Microorganisms are highly prominent and are suitable hosts to produce enzymes that are stable and industrially important. Enzymes extracted from microorganisms play a significant role in the manufacturing of animal feed.

Regional Insights

"Asia-Pacific accounted for the largest market share."

Asia-Pacific is estimated to be the fastest-growing market for feed enzymes during the forecast period. Factors driving the growth of the region’s market are the presence of a large livestock population (FAO 2016) and their growth rate, the increase in the number of feed mills in the region, which further reflects the growth in feed production, mostly in countries, such as India and Japan. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

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Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Key questions this report answers

Relevant contents in the report

How big is the sales opportunity?

In-depth analysis of the Feed Enzymes Market

How lucrative is the future?

The market forecast and trend data and emerging trends.

Which regions offer the best sales opportunities?

Global, regional, and country-level historical data and forecasts.

Which are the most attractive market segments?

Market Segment Analysis and Forecast.

What are the top players and their market positioning?

Competitive landscape analysis, Market share analysis.

How complex is the business environment?

Porter’s five forces analysis, PEST analysis, and Life cycle analysis.

What are the factors affecting the market?

Drivers & challenges.

Will I get the information on my specific requirements?

10% free customization.

 

This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The market is segmented into the following categories:

By Function Type

  • Performance Enhancement
  • Feed Efficiency

By Type

  • Phytase
  • Protease
  • Carbohydrase
    • (Type Analysis: Xylanase, Amylase, Cellulase, and Others)
  • Others

By Source Type

  • Microorganism
  • Plants
  • Animals

By Form Type

  • Dry
  • Liquid

By Livestock Type

  • Poultry
    • (Livestock Type Analysis: Broilers, Turkeys, Layers, and Others)
  •  Swine
    • (Livestock Type Analysis: Starter, Grower, and Sow)
  • Ruminants
    • (Livestock Type Analysis: Calves, Dairy Cattle, Beef Cattle, and Others)
  • Aquatic Animals
  • Others

By Region

  • North America (Country Analysis: the USA, Canada, and Mexico) 
  • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
  • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
  • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

  • Detailed profiling of additional market players (up to 3 players)
  • SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

  • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: 

Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

Frequently Asked Questions (FAQs)

Feed enzymes are gaining significant traction as they help to reduce feed costs, increase the nutritional value of feed ingredients, and improve the environment, all while maintaining or improving animal performance. Feed enzymes are of different types such as phytase, protease, carbohydrase, and others. Phytase is the most preferred type as considered by animal feed manufacturers and livestock producers to be used as an enzyme.

The feed enzymes market is expected to grow from USD 1.56 Bn in 2022 to USD 2.47 Bn by 2028.

The feed enzymes market is expected to grow at a CAGR of 7.95 % during the forecast period.

BASF SE, Dowdupont, Koninklijke DSM N.V, Bluestar Adisseo, Cargill Incorporated, Associated British Foods PLC, Novozymes A/S, Advanced Enzyme Technologies, Kemin Industries Inc., and Novus International Inc. are some of the major players in the market.

Asia-Pacific is estimated to be the fastest-growing market for feed enzymes during the forecast period.

There is an increasing global demand for animal-based products such as meat, dairy, and eggs due to population growth, and changing dietary preferences. Feed enzymes play a crucial role in improving animal nutrition, enhancing feed efficiency, and supporting optimal growth.

Distributors, suppliers, manufacturers, logistics organizations, and government bodies.

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