The global aquafeed enzymes market is estimated to be worth USD 483.0 million in 2024 and is projected to reach a value of USD 804.5 million by 2034, expanding at a CAGR of 5.2% over the assessment period of 2024 to 2034
Aquafeed enzymes are specific enzymes that are added to the feeds of fish, shrimp, and other aquatic animals, as they help in improving the digestibility and nutritional value of the feed. These enzymes help in breaking down tangled molecules in the feed, which makes the consumption of nutrients more accessible for marine organisms.
Sales of Aquafeed Enzymes have exhibited a spike over the past few years, driven by the increasing demand for sustainable aquaculture practices and the need for efficient feed production. Additionally, the growing awareness of the importance of nutritional intake and digestibility in aquafeed is also contributing to the market's expansion.
As the global aquaculture industry continues to evolve, the demand for high-quality aquafeed enzymes is expected to increase, propelling the industry. The industry is also expected to be fuelled by the increasing adoption of aquafeed enzymes in various aquaculture species, including fish, shrimp, and other crustaceans.
| Attributes | Description |
|---|---|
| Estimated Global Aquafeed Enzymes Industry Size (2024E) | USD 483.0 million |
| Projected Global Aquafeed Enzymes Industry Value (2034F) | USD 804.5 million |
| Value-based CAGR (2024 to 2034) | 5.2% |
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Sustainable Aquaculture Practices
Sustainable aquaculture practices are becoming important as the industry seeks to balance productivity with environmental supervision. Enzymes that enhance pond environments and clarity play a major role in maintaining optimal water quality, which reduces the dependency on chemical treatments.
This not only supports healthier aquatic life but also minimizes the ecological footprint of aquaculture activities. By promoting natural processes and reducing waste, these enzymes are contributing to more eco-friendly practices, aligning with global sustainability goals and ensuring the long-term viability of aquaculture systems.
Enhanced Feed Efficiency
Induced by the demand to boost production while cutting costs, enzymes that help in better digestion and nutrient absorption enable aquatic animals to grow faster and convert feed more efficiently. This not only improves production yields but also reduces feed waste, which makes the process more cost-effective.
By optimizing feed utilization, these enzymes help the farmers to achieve higher productivity with less input, further encouraging sustainable growth and profitability in the aquaculture industry.
Utilization of Advanced Waste Management
Advanced waste management in the aquaculture industry focuses on reducing sludge build-up, turbidity, and organic sediment in ponds. Enzymes that break down organic components are essential for this process, as they help in maintaining clean and healthy pond environments.
By reducing waste accumulation, these enzymes prevent the degradation of water quality, which is essential for the health and growth of aquatic species. Cleaner ponds lead to healthy fish and other organisms, which enhances overall productivity and sustainability in aquaculture activities. This further supports more efficient and eco-friendly aquaculture practices.
Odour Control Solutions
This is becoming important day by day in aquaculture, especially for operations near residential areas. Enzymes that effectively reduce and control foul odors help in maintaining good community relations by minimizing the impact on nearby residents. These enzymes break down organic compounds that cause unpleasant smells, which ensures a more pleasant environment.
Further, controlling odors helps aquaculture operations comply with environmental regulations, avoiding potential fines and legal issues. This supports sustainable practices and improve the overall acceptance of aquaculture in local communities.
Biological Stability and Health
These aquafeed enzymes strengthens the immune systems of aquatic animals, reducing disease prevalence and promoting overall health. By maintaining a balanced microbial environment, these enzymes help prevent harmful pathogen outbreaks which leads to a more stable and productive process.
Healthy aquatic species result in higher survival rates and better growth. This emphasis on biological stability ensures long-term viability and success in the territory.
Innovative Enzyme Formulations
These specialized enzymes are developed to address challenges like improving feed digestibility for various species and optimizing enzyme activity under different environmental conditions.
For instance, enzymes like phytase improve nutrient availability in plant-based feeds, while proteases enhance protein digestion in fish feed. Such developments promote more efficient and sustainable aquaculture practices by ensuring that feed is utilized more efficiently, reducing waste, and promoting healthy growth in aquatic species.
Global Aquafeed Enzymes sales increased at a CAGR of 3.9% from 2019 to 2023. For the next ten years (2024 to 2034), projections are that expenditure on aquafeed enzymes will rise at 5.2% CAGR
The opportunity for enhancing the nutritional value of aquafeed through research and development is growing. Manufacturers are investing in R&D to develop innovative enzyme-based solutions that can improve feed efficiency, reduce waste, and promote sustainable aquaculture practices.
This includes the development of new enzymes, improved manufacturing processes, and the use of advanced technologies to enhance the nutritional value of aquafeed. The increasing R&D investments are expected to drive the growth of the aquafeed enzymes market, as manufacturers seek to improve the efficiency and sustainability of their products.
In November 2023, Skretting, the world's largest fish feed manufacturer, partnered with Zooca Calanus to develop a copepod-based aquafeed, leveraging Zooca Calanus' expertise in processing the nutrient-rich marine copepod Calanus finmarchicus.
Cargill unveiled a new innovative aquafeed brand named AquaPro, while BioMar established a research collaboration with the University of Edinburgh. Skretting also confirmed the opening of a new R&D center in Norway.
The expansion of global aquaculture production is another key driver of the market's growth. As the demand for seafood continues to rise, aquaculture producers are investing in more efficient and sustainable feed production methods. As aquafeed enzymes have an important part in improving the digestibility and absorption of nutrients in aquatic species, leading to better growth performance and reduced waste.
The market is further expected to be driven by the increasing demand for aquafeed enzymes in emerging countries, where the aquaculture industry is rapidly growing. The growing adoption of phytase and carbohydrase enzymes is also expected to drive the market's growth, as these enzymes are widely used to improve the digestibility of plant-based ingredients in aquafeed.
Principal Consultant
Tier 1 companies comprise industry leaders with market revenue of above USD 30 million capturing significant sales domain share of 40% to 50% in the global sphere. These business leaders are characterized by high production capacity and a wide product portfolio.
These trade leaders are distinguished by their extensive expertise in manufacturing and reconditioning across multiple packaging formats and a broad geographical reach, underpinned by a robust consumer base. Prominent companies within tier 1 include Kemin Industries, ADM Animal Nutrition, DSM (Koninklijke DSM N.V.), BASF SE (Nutrition BASF), and American Biosystem.
Tier 2 companies include mid-size players with revenue of USD 5 to 30 million having presence in specific regions and highly influencing the local retail space. These are characterized by a strong presence overseas and strong consumer base knowledge. These industry players have good technology and ensure regulatory compliance but may not have advanced technology and wide global reach.
Prominent companies in tier 2 include Creative Enzymes, Hostazym X (Huvepharma), Ab Vista, Weifang Yuexiang Chemical Co., Ltd., Chaoyang Starzyme Bioengineering Co.,Ltd, Bestzyme Bio-Engineering Co., Ltd, Biolaxi, Nippon Koi Farm, and Aumenzymes
Tier 3 includes the majority of small-scale companies operating at the local presence and serving niche demand space having revenue below USD 5 million. These companies are notably oriented towards fulfilling local marketplace demands and are consequently classified within the tier 3 share segment.
They are small-scale players and have limited geographical reach. Tier 3, within this context, is recognized as an unorganized field, denoting a sector characterized by a lack of extensive structure and formalization when compared to organized competitors.
Companies are continuously developing new enzyme formulations to improve the digestibility and nutritional value of aquafeeds. For example, enzymes like amylases, lipases, proteases, and cellulases are being used to enhance the breakdown of feed components, making nutrients more accessible to aquatic animals.
There is a strong emphasis on sustainability. Enzyme technologies are being used to reduce the reliance on fish meal and fish oil, which are traditional but less sustainable feed ingredients. By improving the utilization of plant-based ingredients, companies are contributing to more sustainable aquaculture practices.
Moreover, forming strategic partnerships with research institutions, universities, and other industry players will help in sharing knowledge and resources. This collaborative approach can lead to innovative solutions and a stronger market presence.
The table below highlights revenue from product sales in key countries. China and India are predicted to remain top consumers, with estimated trade valuations of USD 144.8 million and USD 96.5 million, respectively, by 2034.
| Countries | Market Value (2034) |
|---|---|
| China | USD 144.8 million |
| India | USD 96.5 million |
| Indonesia | USD 64.4 million |
| Brazil | USD 40.2 million |
| Norway | USD 28.2 million |
The following table shows the estimated growth rates of the top five sales domain. India and Brazil are set to exhibit high aquafeed enzymes consumption, recording CAGRs of 4.9% and 5.0%, respectively, through 2034.
| Countries | CAGR 2024 to 2034 |
|---|---|
| China | 3.8% |
| India | 4.9% |
| Indonesia | 3.1% |
| Brazil | 5.0% |
| Norway | 4.2% |
The retail space for Aquafeed Enzymes in the China is projected to exhibit a CAGR of 3.8% during the assessment period. By 2034, revenue from the sales of Aquafeed Enzymes in the country is expected to reach USD 144.8 million.
This major share is accredited to the nation's high per capita seafood consumption, which is anticipated to continue increasing, in addition to a rising population of aquatic organisms and the transition toward structured aquaculture practices. This further indicates a substantial demand for aquafeed enzymes to promote efficient and sustainable seafood production in the region.
Moreover, the Chinese government's backing of the aquaculture industry and the rising adoption of advanced aquaculture practices are boosting the need for feed enzymes.
Aquafeed Enzymes demand in India is calculated to rise at a value CAGR of 4.9% during the forecast period (2024 to 2034). By 2034, India is expected to account for 41.3% of Aquafeed Enzymes sales in South Asia.
India holds the second-largest position in the feed enzymes market, India’s aquaculture industry, especially in Andhra Pradesh and West Bengal, has expanded rapidly due to the rising production of carps and shrimp. These species demand high-quality feed for optimal growth and health, driving the need for advanced feed solutions like aquafeed enzymes to enhance nutrient absorption and improve overall yield.
Further, the Indian government supports aquaculture growth through initiatives and subsidies, that promote advanced feed technologies like enzymes. These measures aim to enhance productivity, sustainability, and profitability in the ecosystem, which encourages farmers to adopt innovative solutions for better feed efficiency, environmental benefits, and improved health of aquatic species.
Consumption of aquafeed enzymes in Brazil is projected to increase at a value CAGR of 5.0% over the next ten years. By 2034, the business size is forecasted to reach USD 40.2 million.
The Brazilian government and private sector are heavily investing in R&D to boost aquaculture practices. This includes developing advanced feed technologies like enzymes, which improves feed efficiency and nutrient absorption. These investments aim to boost productivity, sustainability, and profitability in the aquaculture sector, ensuring high-quality and environmentally friendly production of fish and shrimp.
For instance, collaboration between Brazilian Agricultural Research Corporation (Embrapa) and private companies. Embrapa has been working on projects to improve aquaculture practices, including the development of enzyme-based feeds to enhance nutrient absorption and reduce environmental impact. This partnership aims to improve productivity and sustainability in Brazil’s aquaculture sector.
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| Segment | Carbohydrases (e.g., Amylase, Cellulase) (Enzyme Type) |
|---|---|
| Value Share (2024) | 36% |
Sales of Carbohydrases (e.g., Amylase, Cellulase) in Aquafeed Enzymes are projected to register a CAGR of 4.2% from 2024 to 2034.
Carbohydrases are one the most popular enzymes used in aquafeed, playing a critical role in optimizing energy efficiency for aquatic species. These enzymes help break down complex carbohydrates into simpler sugars, which are readily absorbed by fish and other aquatic animals.
The primary function of carbohydrases is to enhance the digestibility of non-structural carbohydrates, such as starch and other non-starch polysaccharides (like pectin & galactans) found in plant-based aquafeed. This results in improved feed conversion, reduced waste, and increased growth rates.
| Segment | Powder (Form) |
|---|---|
| Value Share (2024) | 68% |
The powder segment is anticipated to advance at 3.9% CAGR during the projection period.
Powdered feeds usually have a longer shelf life and are less prone to spoilage, which makes them easier to store for extended periods. These are easy to handle and transport, which is particularly beneficial for large-scale aquaculture operations that require bulk quantities.
Moreover, producing and distributing powdered feeds is often more economical, reducing overall costs for aquaculture businesses. They can be easily blended with other ingredients, allowing for the formation of customized formulations customized fpr specific nutritional needs.
The Aquafeed Enzymes market encompasses a diverse and dynamic competitive landscape. Leading Aquafeed Enzymes manufacturing companies are focusing on research and development, sustainable sourcing, and new formulations. They are also emphasizing environment-friendly practices and product certifications to satisfy the increasing demand for natural and sustainable ingredients.
With numerous companies vying for a share of the market. These companies compete on various factors, including the quality of their products, pricing, distribution channels, and their ability to innovate.
Price is another significant factor in the competitive landscape of the aquafeed enzymes market. Producers are willing to pay a premium for high-quality enzymes, but they also seek cost-effective solutions that can enhance their bottom line. Innovation is the final competitive factor in the aquafeed enzymes market.
Companies that can create and bring to market new products that meet these needs are likely to gain a competitive edge over their rivals.
For instance
As per enzyme type, the market has been categorized protease, amylase, lipase, non-starch polysaccharidases, phytase, glucose oxidase, and lysozyme
As per form, the market has been categorized into liquid and powder
This segment is further categorized into carps, crustaceans, molluscs, tilapias, catfish, salmon, and others (sturgeons, paddlefishes, etc.)
Industry analysis has been carried out in key countries of North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa.
The global Aquafeed Enzymes market is estimated at a value of USD 483.0 million in 2024.
Sales of aquafeed enzymes increased at 3.9% CAGR between 2019 and 2023.
Kemin Industries, ADM Animal Nutrition, DSM (Koninklijke DSM N.V.), BASF SE (Nutrition BASF), and American Biosystem are some of the leading players in this market.
The East Asia market is projected to hold a revenue share of 36.4% over the forecast period.
South Asia holds 30.2% share of the global market for Aquafeed Enzymes.
1. Executive Summary 2. Industry Introduction, Including Taxonomy and Market Definition 3. Market Trends and Success Factors, Including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034 6.1. Enzyme Type 6.2. Form 6.3. Aquatic Animal 6.4. Region 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Enzyme Type 7.1. Protease 7.2. Amylase 7.3. Lipase 7.4. Non-Starch polysaccharidases 7.5. Phytase 7.6. Glucose Oxidase 7.7. Lysozyme 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Form 8.1. Liquid 8.2. Powder 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Aquatic Animal 9.1. Carps 9.2. Crustaceans 9.3. Molluscs 9.4. Tilapias 9.5. Catfish 9.6. Salmon 9.7. Others(Sturgeons, paddlefishes, etc.) 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region 10.1. North America 10.2. Latin America 10.3. Western Europe 10.4. Eastern Europe 10.5. East Asia 10.6. South Asia and Pacific 10.7. Middle East and Africa 11. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 12. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 13. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 14. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 15. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 16. South Asia & Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 17. Middle East and Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 18. Sales Forecast 2024 to 2034 by Enzyme Type, Form, and Aquatic Animal for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 20. Company Profile 20.1. Kemin Industries 20.2. ADM Animal Nutrition 20.3. American Biosystem 20.4. Creative Enzymes 20.5. DSM (Koninklijke DSM N.V.) 20.6. Hostazym X (Huvepharma) 20.7. BASF SE (Nutrition BASF) 20.8. Ab Vista 20.9. Weifang Yuexiang Chemical Co., Ltd. 20.10. Chaoyang Starzyme Bioengineering Co.,Ltd 20.11. Bestzyme Bio-Engineering Co., Ltd 20.12. Biolaxi 20.13. Nippon Koi Farm 20.14. Aumenzymes
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Aquafeed Enzymes Market
