Asia-Pacific Feed Enzymes Market Research Report – Segmented By Type Of Ingredient, Type Of Animals, And By Region (India, China, Japan, South Korea, Australia, New Zealand, Malaysia, Vietnam, Philippines, Indonesia, Singapore, Rest of APAC) - Industry Analysis, on Size, Share, Trends, COVID-19 And Growth Forecast 2024 to 2029.

Updated On: June, 2024
ID: 347
Pages: 145

Asia-Pacific Feed Enzymes Market (2023 to 2028)

The feed enzymes market in the Asia-Pacific region has been estimated at USD 30.32 Billion in 2023 and is projected to reach USD 43.33 Billion by 2028, growing at a CAGR of 7.40% during the forecast period from 2023 to 2028.

Feed enzymes are artificial feed additives that are added to support animal growth and to control infectious diseases prevalent in animals. Feed enzymes assist in raising the rate of biochemical reactions that support the animal’s life. They are useful in the extraction of extra nutrients from animal feed and help reduce animal waste, which reduces the amount of nitrogen and phosphorus in animal excreta, which has a protective effect on the environment.

Increased consumption of meat due to a shift in the lifestyles of consumers, rising awareness of the safety and quality of meat, and growing customer attention towards superior quality feed grades, which should be balanced and nutritive, are some of the market drivers in the Asia-Pacific region.

Government regulatory structure and interventions in terms of sales and pricing, as well as uncontrollable environmental conditions, are the factors that might hinder the growth of the feed enzymes market.

This market research report on the Asia-Pacific feed enzymes market is segmented and sub-segmented into the following categories.

Asia-Pacific Feed Enzymes Market - By Ingredients:

  • Carbohydrase
  • Phytase
  • Others

Asia-Pacific Feed Enzymes Market - By Animal Type:

  • Ruminant
  • Swine
  • Poultry
  • Aquaculture
  • Others

Poultry and swine segments comprise the majority of feed enzymes market share, followed by ruminants. Carbohydrates are the most widely used enzyme.

Asia-Pacific Feed Enzymes Market – By Country:

  • India
  • China
  • Japan
  • South Korea
  • Australia
  • New Zealand
  • Thailand
  • Malaysia
  • Vietnam
  • Philippines
  • Indonesia
  • Singapore
  • Rest of APAC

Geographically, the Asia-Pacific market for feed enzymes is segmented into China, India, Japan, Australia, Thailand, and Others. China is the major manufacturer, which accounts for around half of the production of feed Enzymes in the Asia-Pacific region. Thailand and Australia are the fastest-growing markets within the region. Production in China and India is steadily growing which is resulting in increased demand for feed enzymes for pork and poultry industries.

KEY MARKET PLAYERS:

DuPont, DSM, ASF Corporation, Alltech, Novozymes, and Adisseo France, AB Enzymes GmbH, Advanced Enzymes Technologies Limited, Amano Enzyme Inc. Bio-Vet JSC, Biocatalysts Ltd, Chr. Hansen Inc, Enmex Sa De Cv, Lesaffre Group, PURATOS GROUP, Rossari Biotech Limited, Shenzhen Leveking Bio-Engineering Co. Ltd, Sunson Industry Group Company Limited. Some major key players are involved in the Asia Pacific feed enzymes market.

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Frequently Asked Questions

what is the current size of the Asia Pacific feed enzymes market?

The current size of the Asia-Pacific feed enzymes market has been estimated at USD 30.32 Billion in 2023.

what is the expected growth value in Asia Pacific feed enzymes market?

Asia-Pacific feed enzymes market is expected to grow at USD 43.33 Billion by 2028, growing at a CAGR of 7.40% during the forecast period from 2023 to 2028.

which segment highly dominating the Asia Pacific feed enzymes market?

Poultry and swine segments comprise the majority of feed enzymes market share, followed by ruminants. Carbohydrates are the most widely used enzyme.

which region accounted for the largest share in the Asia Pacific feed enzymes market?

China is the major manufacturer, which accounts for around half of the production of feed Enzymes in the Asia-Pacific region.

what are the key market players involved in the Asia Pacific feed enzymes market?

DuPont, DSM, ASF Corporation, Alltech, Novozymes, and Adisseo France, AB Enzymes GmbH, Advanced Enzymes Technologies Limited, Amano Enzyme Inc. Bio-Vet JSC, Biocatalysts ltd, Chr. Hansen Inc, Enmex Sa De Cv, Lesaffre Group, PURATOS GROUP, Rossari Biotech Limited, Shenzhen Leveking Bio-Engineering Co. Ltd, Sunson Industry Group Company Limited. Some major key players are involved in the Asia Pacific feed enzymes market.

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