The global feed enzymes market size is estimated to account for USD 1.2 billion in 2023 and is projected to reach USD 1.8 billion by 2033. The market is expected to record a CAGR of 4.4% during the forecast period. The growing popularity of enzymes as ideal feed additives for promoting animal growth, enhancing digestion, and increasing immunity is a major factor behind the expansion of the feed enzymes market.
Enzymes are naturally occurring proteins that are created by the digestive process. However, the digestive systems of livestock such as poultry, horses, swine, sheep, and cattle are inefficient. Adding enzymes to feed is necessary to increase its quality. Feed enzymes not only aid in digestion, but also improve the nutrient content of the feed, which results in better energy and nutrient utilization.
They improve cattle performance by boosting and raising the animals' immunity. Feed enzymes also help to minimize environmental pollution by reducing waste, as well as feed management costs, by improving the digestive health of the animals.
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The feed enzymes supplement the enzymes already produced by young animals with still-developing digestive tracts. Growing adoption of enzymes as feed additives to enhance the digestion process and to improve the immunity of animals will therefore continue to provide a strong thrust to the feed enzymes market during the forecast period
The vast array of benefits that can be reaped through feed enzymes is limited by physiological factors impeding enzyme action. Moreover, feeding enzymes to livestock over the prescribed limits could have undesirable consequences. The level of the enzyme to be administered to an animal depends on various factors such as age, size, breed, and such. The same can only be determined by an experienced professional such as a veterinarian. Certain enzymes when consumed improperly can cause blood thinness, diarrhea, and vomiting in animals
The growth rates of the global market and its potential for future expansion are compared and evaluated by FMI every six months. Certain demographic and innovative elements of the market are dominant as a result of the subjective effects of macro- and industry-level variables.
In the upcoming years, the market for feed enzymes is anticipated to be driven by the increasing demand for food products made from animals and the rising concern over animal health. Additionally, a rise in demand for increased feed nutrient uptake is anticipated to enhance the market in the upcoming years. Additionally, it is projected that the market will be supported during the predicted period by considerable steps taken. These include efforts to enhance the quality of meat and egg production as well as the restriction on antibiotics in several locations.
The global Feed Enzymes Market expanded by 6% during 2022. However, not all areas have seen this rise equally; the developing markets have seen a rate of growth of 6.6 percent (H1 2022 Expected). As a result, there is a 66 BPS point difference between H1 2022's expected growth and actual growth.
For many countries around the world, particularly in North America and Europe, food safety has emerged as a top priority. Animals frequently stand amid their garbage and are constantly stressed, both of which compromise their immune systems and make them vulnerable to illnesses.
One of the quickest markets for feed enzymes has evolved in the Asia-Pacific region. Large populations of livestock and a spike in the proportion of feed mills are the main driving forces behind it.
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The global meat business is rising due to increased meat consumption, which is driving the feed enzymes market. Pigs and poultry were the most common animal categories in which feed enzymes were used. Feed enzymes help to enhance the growth rate and strengthen the immune system in pigs and poultry, which has demand around the world. The market has benefited from an increase in the number of farm animals as a result of increased demand for animal proteins.
Rising demand for meat products coupled with a growing focus on improving animal health is expected to create sales prospects for animal feed enzymes during the assessment period, which will eventually expand the global feed enzymes market. In the dairy sector, feed is one of the most significant cost drivers.
Dairy farmers will benefit from increased efficiency in converting feed into milk. Market players are developing feed enzymes to boost ruminant efficiency and milk production, which benefits dairy producers by lowering feed costs. Such feed enzymes are expected to acquire favor among dairy sector stakeholders. Similarly, increasing the adoption of enzymes in poultry feed will further generate growth prospects within the feed enzymes market in the forthcoming years.
China is considered one of the world's major consumers of feed enzymes. In the Asia Pacific region, China is also the major producer and consumer of pork. Because the feed ingredients contain undegradable toxic elements that obstruct the digestive process, swine can only digest around one-fourth of the diet they are fed. The addition of enzymes to feed boosts its nutritional value while also improving digestion efficiency. The big market for feed enzymes in the country is mostly due to the vast volume of pork produced.
With the African Swine Fever (ASF) outbreaks in China, pig herds shrank dramatically from 2019 to 20, negatively impacting the feed enzymes industry. However, with growing efforts towards herd replenishment, particularly in swine fever-affected areas, demand for products like feed enzymes is expected to rise at a significant pace during the forecast period.
Moreover, the rapid expansion of the poultry sector across the country along with the growing usage of enzymes in poultry feed will further accelerate the growth of the feed enzymes market in the forthcoming years.
During the forecast period, the Chinese market is projected to grow at a CAGR of 4.3% to attain a valuation of USD 178.4 million by 2033.
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The Indian feed enzymes market is expected to grow rapidly throughout the forecast period, owing to the increasing use of enzymes in the fermentation of milk to make dairy products such as curd, yogurt, and cheese as well as in making fortified animal feeds. In the next years, India's booming dairy industry is expected to have a beneficial impact on enzyme demand.
One of the major reasons for the growth of India's dairy and feed enzymes industries is the presence of a huge population. India is characterized by an increase in the number of middle-class households and rising levels of income, which has resulted in changes in the population's dietary preferences, resulting in greater per capita intake of dairy and meat.
With a broader understanding of the importance of eating a protein-rich diet among the general public, the demand for nutritional products like meat and dairy will continue to rise across the country, thereby creating growth prospects for the feed enzymes market. Besides this, the easy availability of animal feed enzymes at an affordable rate is also favoring market growth and the trend is likely to pertain in the future. Well Established Animal Sector and the Presence of Food Safety Rules in the United States Spurring Market Growth
The Indian industry is projected to expand at a CAGR of 4.3% between 2023 to 2033.
The United States is a major user of fodder additives such as emulsifiers, vitamins, and enzymes. One of the main drivers of market demand is the presence of a well-established animal production industry along with tight food safety rules regarding the use of additives.
The ongoing clean label trend in the country when it comes to ingredients and additives used in the production of animal feed is predicted to stimulate the development of natural and microbial feed enzymes in the future. Under the DigeGrain brand, for example, Advanced Enzymes Technologies Ltd. offers a diverse range of proteases and carbohydrates.
The country is witnessing huge demand for feed additives like phytase enzymes. These feed additives are being used to improve digestion, increase the absorption of nutrients and enhance the immunity of animals and birds.
Owing to these factors, the USA market is anticipated to grow at a CAGR of 4.5% during the forecast period.
The increased demand for animal products in the United Kingdom is driving considerable supply-side improvements targeted at increasing livestock yields. New capital-intensive technologies have made it possible to produce chicken and pig meat in industrial-style production facilities across the country, even in areas where land is scarce. To improve efficiencies in the production process, improve feed conversion ratios, and increase animal muscle mass and protein content, industrial-scale livestock production makes optimal use of high-quality feeds fortified with enzymes
As more farmers choose industrial-scale livestock production, feed enzyme manufacturing must improve to meet the need for a high-quality compound feed from this broad production base. However, many governments' enabling policies are projected to go a long way toward preserving or increasing supply to meet demand. During the projected period, this is expected to increase the worldwide feed additives market.
The UK market is projected to reach a valuation of USD 70.7 million by 2033.
| Region | North America |
|---|---|
| Country | United States |
| CAGR | 4.5% |
| Market Value (2033) | USD 423.9 Million |
| Region | Europe |
|---|---|
| Country | United Kingdom |
| CAGR | 2.8% |
| Market Value (2033) | USD 70.7 Million |
| Region | Asia Pacific |
|---|---|
| Country | China |
| CAGR | 4.3% |
| Market Value (2033) | USD 178.4 Million |
| Region | Asia Pacific |
|---|---|
| Country | India |
| CAGR | 4.3% |
| Market Value (2033) | USD 80.4 Million |
| Region | Asia Pacific |
|---|---|
| Country | Japan |
| CAGR | 2.3% |
| Market Value (2033) | USD 47.5 Million |
The market is divided into four types: phytase, protease, carbohydrase, and others. Phytase is expected to hold the majority of the segment's market during the projection period, as it is chosen by the majority of animal feed manufacturers and livestock producers.
Phytase enzymes have gained huge popularity in animal feeds on account of their several advantages, including the highest activity at low pH, improved bone health, increased body weight gain, and improved digestive efficiency by breaking down indigestible phytic acid, which aids in the release of digestible phosphorus, calcium, and other nutrients that aid animal growth.
The feed enzymes market is divided into three categories based on the source type: microorganisms, plants, and animals. During the forecast period, the microorganism segment is expected to be the most popular. Microorganisms are abundant and are ideal hosts for the production of stable and industrially relevant enzymes. In the production of animal feed, enzymes derived from microorganisms play an important role.
Feed enzyme manufacturers are increasingly supplying specific feed enzymes to cater to the changing supplement needs of various animals. Key companies established in the feed enzymes market are focusing on specific animal groups, such as poultry, cattle, canines, and equines, and developing feed enzymes that deliver optimal outcomes. Additionally, producers strive to improve feed enzyme thermostability, effective administration, and performance. In the foreseeable future, this will continue to be a key factor driving feed enzyme sales.
| Company | Danisco Animal Nutrition |
|---|---|
| Details | Danisco animal nutrition is a unit of IFF's Health & Biosciences division. It is primarily focused on producing innovative feed additives |
| Recent Developments | In Malaysia and Australia, Danisco Animal Nutrition expanded its line of Extra PHY GOLD, the industry's best new phytase enzyme. In India, Axtra® PHY GOLD made its debut in 2020. |
| Company | DSM N.V. |
|---|---|
| Details | Koninklijke DSM N.V. is a Dutch multinational corporation. The company is a pioneer in the fields of nutrition and health. It has a presence across 50 countries and is headquartered at Heerlen |
| Recent Developments | The second generation of ProAct 360, a game-changing protease, was released by the DSM with Novozymes Feed Enzymes Alliance. New protease technology used in the production of ProAct 360 for chicken addresses feeds efficiency and sustainability. This cutting-edge feed solution offers more dependable growth performance gains, better matrix values for important amino acids, and quicker action. |
| Company | ADM |
|---|---|
| Details | Archer-Daniels-Midland Company or ADM is an American multinational company engaged in the field of food processing |
| Recent Developments | ADM is concentrating on creating Research and Development labs in the United States that directly serve joint development agreement-related activities. The companies involved in this collaboration share enzyme-producing strains to produce animal feed enzymes that enhance overall animal health. |
| Start-up Company | CapriEnzymes |
|---|---|
| Country | India |
| Description | CapriEnzymes is an Indian startup that harnesses biotechnology to produce innovative enzyme variants. These include enzymes for aquaculture feeds. Animal feeds as well as food and industrial enzymes. The company is committed to sustainable practices and producing environmentally safe products. |
| Start-up Company | BRI |
|---|---|
| Country | United States |
| Description | BRI primarily focuses on research and development pertaining to sustainable feed enzyme additives. These are designed to foster animal health, and nutrition as a substitute for antibiotic alternatives. |
The feed enzymes market is estimated to reach USD 1.8 billion by 2033.
BASF SE, DuPont, and Rossari are key market players.
The market is estimated to secure a valuation of USD 1.2 billion in 2023.
The growth potential of this market is 4.4% through 2033.
Rising demand in the meat and dairy industry drives sales of this market.
1. Executive Summary | Feed Enzymes Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Phytase 5.2. Carbohydrase 5.3. Protease 6. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Form 6.1. Dry 6.2. Liquid 7. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Animal Type 7.1. Poultry 7.2. Ruminants 7.3. Swine 7.4. Aquatic Animals 7.5. Others 8. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. Asia Pacific excluding Japan 8.6. Japan 8.7. Middle East & Africa (MEA) 9. North America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 13. Asia Pacific excluding Japan Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 14. Japan Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. BASF SE 18.2. DuPont 18.3. Associated British Foods Plc 18.4. BEHN MEYER 18.5. DSM 18.6. Azelis S.A. 18.7. Rossari 18.8. BIO-CAT 18.9. BEC Feed Solutions 18.10. Adisseo 18.11. Bioproton Pty Ltd. 18.12. Novus International 18.13. BioResource International, Inc. 18.14. Alltech 18.15. Lesaffre 18.16. Karyotica Biologicals Pvt Ltd. 18.17. Aum Enzymes 18.18. CapriEnzymes 18.19. Advanced Enzyme Technologies 18.20. Enzyme Innovation 19. Assumptions & Acronyms Used 20. Research Methodology
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Feed Enzymes Market
