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Feed Enzymes Market | Covid-19 Impact Analysis
The Feed Enzymes Market is Segmented by Function Type (Performance Enhancement, Feed Efficiency), by Type (Phytase, Protease, Carbohydrase, and Others), by Source Type (Microorganism, Plants, and Animals), by Form Type (Dry, Liquid), by Livestock Type (Poultry, Swine, Ruminants, Aquatic Animals, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
Feed Enzymes Market is likely to witness an impressive CAGR of 9.1% during the forecast period. The major factor primarily driving the market for feed enzymes is the growing concern regarding animal health and surge in demand for the nutrient uptake of feed.
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Feed Enzymes Market - Snapshot |
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Growth |
9.1% for the next five years |
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Major Type |
Phytase |
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Dominant Source Type |
Microorganism |
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Region with the highest demand |
Asia-Pacific |
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Key Players |
BASF SE, Dowdupont, Koninklijke DSM N.V, Bluestar Adisseo, Cargill Incorporated, Associated British Foods PLC, Novozymes A/S, Advanced Enzyme Technologies, Kemin Industries, Inc., Novus International Inc. |
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Based on the type, the market is segmented as phytase, protease, carbohydrase, and others. Being preferred by most of the animal feed manufacturers and livestock producers, phytase is estimated to hold the majority of the share of the segment during the forecast period. Usage of phytase in feed provides with some advantages such as it offers the highest activity at low pH; helps in improvement of bone health, 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.
Based on the source type, the feed enzymes market is segmented as microorganism, plants, and animals. The microorganism segment is projected to be the dominant type during the forecast period. Microorganisms are highly prominent and are the 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.
In terms of regions, 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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Some of the major players in the feed enzymes market are-
Feed enzymes are gaining significant traction as they help to reduce feed costs, increase the nutritional value of feed ingredients, 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 the animal feed manufacturers and livestock producers to be used as an enzyme.
This report studies the market covering a period of 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.
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Feed Enzymes Market Research Report - Features |
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Market Segmentation |
6 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
17 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The feed enzymes market is segmented into the following categories.
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This report offers high-quality insights and is the outcome of 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 book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
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 at [email protected].
The feed enzymes market is expected to witness an impressive growth of 9.1% CAGR in the foreseeable future.
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 among the key players in the feed enzymes market.
Asia-Pacific is expected to be the fastest growing feed enzymes market during the next five years.
The microorganism segment is expected to remain dominant in the feed enzymes market in the coming years.
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