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.
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 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. |
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.
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.
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.
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.
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