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Feed Enzymes Market Forecast | 2023-2028
Global Feed Enzymes Market Size, Share, Forecast, Industry, and Growth Analysis (2023-2028)
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.
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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.
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Global Feed Enzymes Market Report Highlights |
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Market Size in 2022 |
US$ 1.56 Billion |
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Market Size in 2028 |
US$ 2.47 Billion |
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Market Growth by 2023-2028 |
CAGR of 7.95% |
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Base Year of Study |
2022 |
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Trend Period |
2017-2021 |
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Forecast Period |
2023-2028 |
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Dominant Region |
Asia-Pacific is estimated to be the fastest-growing market. |
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Segments Covered |
By Function Type (Performance Enhancement, Feed Efficiency) By Type (Phytase, Protease, Carbohydrase, and Others) By Source Type (Microorganisms, Plants, and Animals) By Form Type (Dry, Liquid) By Livestock Type (Poultry, Swine, Ruminants, Aquatic Animals, and Others) By Region (North America, Europe, Asia-Pacific, South America, and The Middle East& Africa) |
The prime factors that are driving the global feed enzymes market are –
Growing demand for animal-based products: 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.
Focus on animal health and welfare: Animal health and welfare have become significant concerns. Feed enzymes are being used to enhance the overall health and well-being of animals by improving nutrient utilization, digestion, and gut health. By incorporating enzymes into animal feed, producers can minimize the use of antibiotics and other growth-promoting additives.
Environmental sustainability: The livestock industry has a significant environmental impact, including issues related to waste management and greenhouse gas emissions. Feed enzymes offer environmental benefits by reducing the amount of feed required, improving nutrient absorption, and reducing nutrient excretion in animal waste.
Increasing awareness and adoption: As the benefits of feed enzymes become more well-known and understood, there is a growing awareness and adoption among livestock producers. Rising adoption in return, increases the demand for feed enzymes.
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Some of the major players in the global market are-
By Type
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.
By Source Type
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.
By Region
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.
To know which region offers the best growth opportunities, Click Here.
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
By Type
By Source Type
By Form Type
By Livestock Type
By Region
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 the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
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 the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
What Deliverables Will You Get in this Report?
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Key questions this report answers |
Relevant contents in the report |
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How big is the sales opportunity? |
In-depth analysis of the feed enzymes market. |
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How lucrative is the future? |
The market forecast and trend data and emerging trends. |
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Which regions offer the best sales opportunities? |
Global, regional, and country-level historical data and forecasts. |
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Which are the most attractive market segments? |
Market Segment Analysis and Forecast. |
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What are the top players and their market positioning? |
Competitive landscape analysis, Market share analysis. |
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How complex is the business environment? |
Porter’s five forces analysis, PEST analysis, and Life cycle analysis. |
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What are the factors affecting the market? |
Drivers & challenges. |
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Will I get the information on my specific requirements? |
10% free customization. |
The following is a list of the customers that the market aims to convert the most:
Critical Questions Answered in the Report
Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
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 to sales@stratviewresearch.com.
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 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.
1. Growing demand for animal-based products: 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. 2. Focus on animal health and welfare: Animal health and welfare have become significant concerns. Feed enzymes are being used to enhance the overall health and well-being of animals by improving nutrient utilization, digestion, and gut health. By incorporating enzymes into animal feed, producers can minimize the use of antibiotics and other growth-promoting additives. 3. Environmental sustainability: The livestock industry has a significant environmental impact, including issues related to waste management and greenhouse gas emissions. Feed enzymes offer environmental benefits by reducing the amount of feed required, improving nutrient absorption, and reducing nutrient excretion in animal waste. 4. Increasing awareness and adoption: As the benefits of feed enzymes become more well-known and understood, there is a growing awareness and adoption among livestock producers. Rising adoption in return, increases the demand for feed enzymes.
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