The size of the global market for Feed Enzymes is expected to reach US$ 7.89 Billion by 2028, expanding at a compound annual growth rate (CAGR) of 5.3%.
The rising health awareness among the population is one of the factors fueling the growth of global feed enzymes market. Similarly, increase in demand for good-quality of meat products and the new safety standards will continue to push growth of feed enzyme market across the globe. With the use of food enzymes the process of biochemical reactions is accelerated and the nutritional value and quality of feed also improves. Another contributing factor is the rising meat consumption plus safe animal nutrition practices due to growing livestock diseases are anticipated to deliver a rapid growth of feed enzymes market in APAC region.
Feed enzymes is crucial part of commercial animal feed. It is the protein substance composed of amino-acid produced by all living organisms. Feed enzymes often acts as a catalyst product for consumption and is responsible for many biological activities in human beings, plants, animals as well as microorganisms. Animal feed is expensive for livestock, pig and poultry fodder sector, and the cost can be reduced with the help of feed enzymes. Also, the catalytic substance present in feed enzymes helps in improvement of digestion of livestock.
There are numerous challenges been faced by the feed enzyme industry, the major being indefinite regulatory process and the high cost involved in the research and development of enzyme products. Simulating of food packaging, limitations pertaining to temperature and pH range and checks in the brewing industry are also limiting the growth of the food enzyme market.
Proteases, carbohydrases and Phytases are the feed enzymes segments based on types and are widely used for producing animal fodder. These products are characterized by their phosphor content which is vital for improving the metabolism of animals. Based on formulation feed enzymes market is segmented as liquid and dry formulations. The dry formulations are more popular owing to its ease in handling and good thermal stability. Dry formulations are further available in powder and pellet form across the globe.
Furthermore, based on the feed enzymes applications it is divided into poultry, pigs, ruminant, aqua, equine and pets. Here poultry contributes to almost half of the feed enzymes market share followed by pigs and ruminants. Europe contributes to 32.2% of the food enzymes market followed by North America and Asia Pacific.
Key company profile in the Global Feed Enzymes Market report Novozymes A/S (Denmark), BASF SE (Germany), Kemin Industries Inc. (US), Cargill Inc. (US), DSM N.V. (Netherlands), Alltech Inc. (US), DuPont de Nemours, Inc. (US), BEC Feed Solutions (Australia), Bluestar Adisseo (China), BASF SE (Germany), E. I. du Pont de Nemours and Company, Associated British Foods plc, Koninklijke DSM N.V., Azelis Holdings SA, Rossari Biotech Ltd, Adisseo France SAS.
In 2016, Natuphos E enzyme was introduced by BASF SE, to provide the growing demand for high quality livestock fodder. This product launch aimed at supplementing the growing need for meat especially in the Asia-Pacific region.
Feed enzymes play an important and key role in animal health, digestibility, extreme utilization of nutrients, and reducing the environmental impact. Furthermore, feed enzymes additives for the processing of pig and ruminant foodstuffs are expected to increase enzyme consumption at a substantial growth rate over the forecast period.
Feed Enzymes Market Scope
|Forecast Unit||Value (USD)|
|Segment Covered||Type, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and South Africa|
|Key Players Profiled||BASF SE (Germany), E. I. du Pont de Nemours and Company, Associated British Foods plc, Koninklijke DSM N.V., Azelis Holdings SA, Rossari Biotech Ltd, Adisseo France SAS|
Key segments of the Feed Enzymes Market
by source, 2021 to 2028 (USD billion)
By Form, 2021 to 2028 (USD billion)
- and Liquid
by Type, 2021 to 2028 (USD billion)
by Application, 2021 to 2028 (USD billion)
- Aquatic Animals
Region Overview, 2021 to 2028 (USD billion)
- North America
- United States of America
- the Netherlands
- The United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South America
- Rest of South America