Feed Enzymes Market to Hit at a CAGR of 7.3% from 2023-2030: Global Trends, Demand, Type, Region, Opportunities, Challenges, Business Strategies

Feed Enzymes Market: by Type of Enzyme (Carbohydrases, proteases, phytases, and others), Source of Enzyme (microbial, plant, and animal-based), Livestock Category (poultry, swine, ruminants, and aquaculture), and Region (North America, Europe, Asia-Pacific, Middle East, Africa, and South America). The global Feed Enzymes Market size is expected to reach a CAGR of 7.3% from 2023-2030.

While analyzing market data, company snapshot, geographical presence, product portfolio, and recent developments are taken into account for studying the company profiles. In addition, Feed Enzymes Market research report predicts the size of the market with information on key vendor revenues, development of the industry by upstream & downstream, industry progress, key companies, segment type & market application. Proficient and brilliant forecasting techniques used in the report are identical with accuracy and correctness. While preparing this Feed Enzymes Market research report, customer satisfaction has been kept on the utmost priority which makes clients rely on us confidently.

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Feed Enzymes Market Competitive Landscape:

BASF SE
Dupont de Nemours, Inc.
Koninklijke DSM N.V.
Novozymes A/S
Associated British Foods plc
Adisseo
Cargill, Incorporated
Chr. Hansen Holding A/S
Alltech, Inc.
Kemin Industries, Inc.

BASF SE announced in April 2021 that it has launched a new product line of phytase feed enzymes called Natuphos E, which is designed to improve feed efficiency and reduce environmental impact.

In December 2020, Koninklijke DSM N.V. announced that it has launched a new range of protease feed enzymes called ProAct, which is designed to improve the digestibility of plant-based proteins in animal feed.

The market for enzymes added to animal feed to increase the feed's nutritional content and digestibility is referred to as the worldwide feed enzymes market. Feed enzymes aid in the breakdown of complex feed ingredients like proteins, carbohydrates, and lipids into simpler and easier-to-digest forms, improving nutrient absorption by the animal's digestive tract.

The need for high-quality animal feed, increased meat and dairy consumption, and a growing trend towards sustainable animal production are just a few of the drivers that are propelling the feed enzymes market's rapid growth. Animal nutrition depends heavily on enzymes, and adding them to animal feed has been demonstrated to promote digestibility, nutrient absorption, and overall animal performance. The rising demand for meat and dairy products is one of the main factors driving the market for feed enzymes. There is a growing need for animal protein due to an expanding global population and increased disposable incomes. The addition of enzymes to animal feed can aid in achieving these objectives. To satisfy this demand, animal producers are looking for ways to increase the productivity and efficiency of their operations.

The increased trend towards sustainable animal production is another factor driving the market for feed enzymes. Consumers and authorities are becoming more concerned about how animal agriculture affects the environment, and there is a rising need for more environmentally friendly and sustainable practices. By increasing feed efficiency and decreasing waste, the addition of enzymes to animal feed can help lower the environmental impact of animal production.

The feed enzymes market has not been immune to the COVID-19 pandemic's consequences, which have had a substantial influence on the world economy. The epidemic has delayed economic growth, thrown off supply lines, and changed consumer demand for animal feed. There were worries about disruptions in the supply of animal feed and the availability of raw materials for feed manufacturing in the early stages of the epidemic. As a result, the feed enzymes market saw some short-term disruptions as manufacturers were compelled to adjust to shifting market dynamics. The need for animal feed has changed, meanwhile, as the epidemic has persisted. In certain areas, demand for meat and dairy products has decreased as more people work from home and spend more time inside. As a result, there has been a decline in the demand for animal feed, which has hurt the feed enzymes industry. The pandemic has also affected international trade and logistics, making it more challenging for businesses to ship and distribute their goods. Due to this, there have been some supply chain hiccups in the feed enzymes industry, which have raised producer prices and delayed product delivery. The market for feed enzymes has persevered in the face of the pandemic despite these obstacles. The market is predicted to rebound as economies start to recover and consumer demand for animal protein increases. Long-term demand for feed enzymes is anticipated to be driven by the rising desire for ethical animal production methods.

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Feed Enzymes Market Key Findings

The type of enzyme segment is further segmented into carbohydrases, proteases, phytases, and others. Carbohydrases are expected to remain the largest segment of the market due to their ability to improve feed digestibility, nutrient utilization, and animal performance. However, the proteases segment is expected to grow at a faster rate due to increasing demand for protein-rich animal feed.

The source of the enzyme segment is further fragmented into microbial, plant, and animal-based enzymes. The microbial segment is expected to remain the largest segment of the market due to its cost-effectiveness, easy availability, and wide range of applications. However, the plant-based enzyme segment is expected to grow at a faster rate due to increasing demand for plant-based and organic animal feed.

The Livestock category segment is further segmented into poultry, swine, ruminants, and aquaculture. The poultry segment is expected to remain the largest segment of the market due to the increasing demand for poultry meat and eggs. However, the aquaculture segment is expected to grow at a faster rate due to increasing demand for fish and seafood products.

The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. The Asia-Pacific region is expected to see the highest growth rate due to increasing population, urbanization, and rising demand for animal-based products. North America and Europe are expected to remain the largest markets due to high per capita meat consumption and the presence of large animal feed manufacturers.

Asia-Pacific to Dominate the Market

The Asia-Pacific region is expected to be the largest region in the Feed Enzymes market during the forecast period.

North America and Europe are expected to remain the largest markets due to high per capita meat consumption and the presence of large animal feed manufacturers.

Table of Contents

The feed Enzymes Market is segmented into various segments such as type of enzyme, source of enzyme, livestock category, and region:

On the basis of Type of Enzyme

Carbohydrases
Proteases
Phytases
Others

On the basis of Source of the Enzyme

Microbial
Plant
Animal-based

On the basis of Livestock Category

Poultry
Swine
Ruminants
Aquaculture

On the basis of region

Asia Pacific
North America
Europe
South America
Middle East & Africa

The prominent players in Feed Enzymes Market are

BASF SE
Dupont de Nemours, Inc.
Koninklijke DSM N.V.
Novozymes A/S
Associated British Foods plc
Adisseo
Cargill, Incorporated
Chr. Hansen Holding A/S
Alltech, Inc.
Kemin Industries, Inc.

Delvens Industry Expert's Standpoint

With the increased demand for high-quality animal feed, rising meat and dairy product consumption, and a growing trend towards sustainable animal husbandry, the worldwide feed enzymes market is a fast-expanding business. Animal nutrition depends heavily on enzymes, and adding them to animal feed has been demonstrated to promote digestibility, nutrient absorption, and overall animal performance. Based on the kind of enzyme, the source of the enzyme, the type of livestock, and the geography, the market may be divided into segments. The biggest markets for feed enzymes are now in North America and Europe, but due to expanding populations, urbanization, and increased demand for animal-based goods, the Asia-Pacific area is anticipated to experience substantial expansion over the next several years. In general, the market for feed enzymes is a dynamic and expanding sector, driven by research, innovation, and changing consumer preferences. In the years to come, demand for new and inventive enzyme products is anticipated to increase as animal producers look for methods to increase the effectiveness and productivity of their operations. Enzymes are anticipated to play an increasingly significant part in animal nutrition.

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