According to the report, the global feed enzymes market reached a value of USD 1023 million in 2022. Aided by the increased demand for high-quality animal feed and the growing focus on animal health, the market is projected to grow at a CAGR of 8.7% between 2023 and 2028, reaching a value of USD 1684.18 million by 2028.
Feed enzymes are additives used in animal feed to enhance the nutritional value and digestibility of feed. They help in the breakdown of complex molecules into simpler forms, allowing animals to absorb nutrients more efficiently. The global feed enzymes market is influenced by factors such as the growing livestock industry, increasing demand for animal-derived products, and stringent regulations on the use of synthetic additives in feed. Further, the adoption of sustainable and eco-friendly feed practices has contributed to the development of the global market for feed enzymes.
The rise in demand for high-quality animal feed has resulted in increased consumption of feed enzymes across the globe. Additionally, the growth in the livestock industry and the expansion of the aquaculture sector have further propelled the global feed enzymes market growth. Feed enzymes offer health benefits such as improved digestion, enhanced nutrient absorption, and reduced environmental impact, making them an essential component of modern animal nutrition. Thus, the increasing awareness about animal health and welfare has also contributed to the development of the global market.
The Asia Pacific region is currently leading the global feed enzymes market, with countries like China, India, and Japan being the largest producers. Due to rising populations, rising consumer spending power, and changes in lifestyle and eating habits, China and India are driving the growth of the chicken and pork markets in the Asia Pacific region. The region's market is also being driven by the growing demand for food security, which has resulted in significant expenditures in the industry's research and development. The increasing adoption of intensive farming practices and the rising awareness about the importance of feed enzymes for animal health and performance are further contributing to the global feed enzymes market expansion in Asia Pacific.
Feed enzymes are additives used in animal feed to enhance the nutritional value and digestibility of feed. They help in the breakdown of complex molecules into simpler forms, allowing animals to absorb nutrients more efficiently. The global feed enzymes market is influenced by factors such as the growing livestock industry, increasing demand for animal-derived products, and stringent regulations on the use of synthetic additives in feed. Further, the adoption of sustainable and eco-friendly feed practices has contributed to the development of the global market for feed enzymes.
The rise in demand for high-quality animal feed has resulted in increased consumption of feed enzymes across the globe. Additionally, the growth in the livestock industry and the expansion of the aquaculture sector have further propelled the global feed enzymes market growth. Feed enzymes offer health benefits such as improved digestion, enhanced nutrient absorption, and reduced environmental impact, making them an essential component of modern animal nutrition. Thus, the increasing awareness about animal health and welfare has also contributed to the development of the global market.
The Asia Pacific region is currently leading the global feed enzymes market, with countries like China, India, and Japan being the largest producers. Due to rising populations, rising consumer spending power, and changes in lifestyle and eating habits, China and India are driving the growth of the chicken and pork markets in the Asia Pacific region. The region's market is also being driven by the growing demand for food security, which has resulted in significant expenditures in the industry's research and development. The increasing adoption of intensive farming practices and the rising awareness about the importance of feed enzymes for animal health and performance are further contributing to the global feed enzymes market expansion in Asia Pacific.
Market Segmentation
The market can be divided based on type, application, form and region.Market Breakup by Type
- Phytase
- Protease
- Carbohydrase
- Others
Market Breakup by Application
- Poultry
- Swine
- Ruminants
- Aquaculture
Market Breakup by Form
- Dry
- Liquid
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global feed enzymes companies. Some of the major key players explored in the report are as follows:- Novozymes A/S
- Koninklijke DSM N.V
- Nutrition and Bioscience group of companies (International Flavors & Fragrances Inc)
- Archer Daniels Midland Company
- BASF SE
- NOVUS INTERNATIONAL
- BioResource International, Inc
- BIOPROTON
- AVEVE Biochem NV
- VEMO 99 Ltd
- Palital Feed Additives B.V
- Bioseutica BV
- AB Enzymes GmbH
- Others
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Feed Enzymes Market Analysis
8.1 Key Industry Highlights
8.2 Global Feed Enzymes Historical Market (2018-2022)
8.3 Global Feed Enzymes Market Forecast (2023-2028)
8.4 Global Feed Enzymes Market by Type
8.4.1 Phytase
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Protease
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Carbohydrase
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Others
8.5 Global Feed Enzymes Market by Application
8.5.1 Ruminants
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Poultry
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Swine
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Aquaculture
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.6 Global Feed Enzymes Market by Form
8.6.1 Dry
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Liquid
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.7 Global Feed Enzymes Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.1.1 Phytase
12.1.2 Protease
12.1.3 Carbohydrase
12.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.2.1 Phytase
12.2.2 Protease
12.2.3 Carbohydrase
12.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.3.1 Phytase
12.3.2 Protease
12.3.3 Carbohydrase
12.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.4.1 Phytase
12.4.2 Protease
12.4.3 Carbohydrase
12.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.5.1 Phytase
12.5.2 Protease
12.5.3 Carbohydrase
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Novozymes A/S
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Koninklijke DSM N.V.
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Nutrition and Bioscience group of companies (International Flavors & Fragrances Inc.)
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Archer Daniels Midland Company
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 BASF SE
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 NOVUS INTERNATIONAL
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 BioResource International, Inc.
13.2.7.1 Company Overview
13.2.7.2 Product Portfolio
13.2.7.3 Demographic Reach and Achievements
13.2.7.4 Certifications
13.2.8 BIOPROTON
13.2.8.1 Company Overview
13.2.8.2 Product Portfolio
13.2.8.3 Demographic Reach and Achievements
13.2.8.4 Certifications
13.2.9 AVEVE Biochem NV
13.2.9.1 Company Overview
13.2.9.2 Product Portfolio
13.2.9.3 Demographic Reach and Achievements
13.2.9.4 Certifications
13.2.10 VEMO 99 Ltd.
13.2.10.1 Company Overview
13.2.10.2 Product Portfolio
13.2.10.3 Demographic Reach and Achievements
13.2.10.4 Certifications
13.2.11 Palital Feed Additives B.V.
13.2.11.1 Company Overview
13.2.11.2 Product Portfolio
13.2.11.3 Demographic Reach and Achievements
13.2.11.4 Certifications
13.2.12 Bioseutica BV
13.2.12.1 Company Overview
13.2.12.2 Product Portfolio
13.2.12.3 Demographic Reach and Achievements
13.2.12.4 Certifications
13.2.13 AB Enzymes GmbH
13.2.13.1 Company Overview
13.2.13.2 Product Portfolio
13.2.13.3 Demographic Reach and Achievements
13.2.13.4 Certifications
13.2.14 Others
14 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
Companies Mentioned
- Novozymes A/S
- Koninklijke DSM N.V.
- Nutrition and Bioscience group of companies (International Flavors & Fragrances Inc.)
- Archer Daniels Midland Company
- BASF SE
- NOVUS INTERNATIONAL
- BioResource International, Inc.
- BIOPROTON
- AVEVE Biochem NV
- VEMO 99 Ltd.
- Palital Feed Additives B.V.
- Bioseutica BV
- AB Enzymes GmbH
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 142 |
| Published | March 2023 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value ( USD | $ 1109 Million |
| Forecasted Market Value ( USD | $ 1684.18 Million |
| Compound Annual Growth Rate | 8.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 13 |
