Global Animal Feed Enzymes Market Size, Share, Trends, COVID-19 Impact & Growth Forecast Report - Segmented By Product (Phytase, Carbohydrate, protease, Non-starch polysaccharides), Form (Dry and Liquid), Livestock (poultry, Swine, Aquaculture and Ruminant) And Region (North America, Europe, Latin America, Asia-Pacific, Middle East and Africa) - Industry Analysis From 2024 to 2029

Updated On: June, 2024
ID: 5394
Pages: 175

Global Animal Feed Enzymes Market Size (2024 to 2029)

The global animal feed enzymes market size is expected to reach USD 0.94 billion in 2024 and reach USD 1.34 billion by 2029, growing at a CAGR of 7.3% from 2024 to 2029.

Enzymes, generally refer to chemicals or catalysts released by cells that speed up specific chemical reactions. They include enzymes released in the digestive tract which help in the digestion of food. These enzymes are now added to animal feed also. There are mainly three types of enzymes: phytase, carbohydrase, and protease. They speed up different chemical and biochemical reactions in the animal body thereby making them physically fit. These enzymes can withstand acidic pH conditions and pelleting temperatures during feed processing operations. In addition, feed enzymes lower the viscosity of non-starch polysaccharides in animal fodder which helps in the digestion rate of animals.

Market Drivers

The significant drivers are rising awareness about feed quality to improve animal health and increasing health consciousness along with the growing population. Also, Indigestion due to lack of essential enzymes affects livestock health and creates a demand for fodder additives, which is expected to boost the industry. However, fluctuating prices of raw materials due to the seasonal nature of crops and government regulations are a major constraint.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2023

Forecast Period

2024 to 2029

CAGR

7.3%

Segments Covered

By Product, Form, Livestock, By Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Foodchem International, Novozymes, ENMEX, Duo Point, Chr Hansen Holding A/S, DSM N.V., Flavorchem Corporation, DD Williamson & Co., BioExtract and Nutralliance are some of the key players in the Animal Feed Enzymes market.

 

SEGMENTAL ANALYSIS

Global Animal Feed Enzymes Market By Product

  • Phytase
  • Carbohydrate
  • Protease
  • Non-starch polysaccharides

Phytase had nearly two-fifth of the market share and is expected to further increase owing to improved metabolism and reproduction processes among livestock due to high phosphorus content.

Global Animal Feed Enzymes Market By Form

  • Dry
  • Liquid

The dry segment dominates the market and has around three- fourth of the market share. This is largely due to properties like better thermal stability in food processing as compared to liquid form and easy handling.

Global Animal Feed Enzymes Market By Livestock

  • Poultry
  • Swine
  • Aquaculture
  • Ruminant

REGIONAL ANALYSIS

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • the Middle East and Africa

North America is expected to have the largest share followed by Europe. Asia Pacific is expected to have the fastest growth due to factors like rising meat consumption in these regions.

KEY MARKET PLAYERS

Foodchem International, Novozymes, ENMEX, Duo Point, Chr Hansen Holding A/S, DSM N.V., Flavorchem Corporation, DD Williamson & Co., BioExtract and Nutralliance are some of the key players in the animal feed enzymes market.

Please wait. . . . Your request is being processed

Access the study in MULTIPLE FORMATS
Purchase options starting from $ 1800

Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM

Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!

REACH OUT TO US

Call us on: +1 888 702 9696 (U.S Toll Free)

Write to us: [email protected]

Click for Request Sample