Europe's animal feed enzymes market size is expected to reach USD 0.60 million in 2024 and reach USD 0.83 million by 2029, growing at a CAGR of 6.77% 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 also now added to animal feed. There are mainly three types of enzymes: phytase, carbohydrase, and protease. They speed up different chemical and biochemical reactions in animal bodies, 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 growing population. Also Indigestion due to lack of essential enzymes affects the livestock health and creates a demand for fodder additives, which is expected to boost the industry. However fluctuating prices of raw materials due to seasonal nature of crops and government regulations are a major constraint.
This research report on the European feed enzymes market is segmented and sub-segmented into the following categories.
Europe Animal Feed Enzymes Market - By Product:
Europe Animal Feed Enzymes Market - By Form:
Europe Animal Feed Enzymes Market - By Livestock:
Phytase had nearly two-fifths 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-fourths 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.
Europe Animal Feed Enzymes Market – By Country:
Europe is assumed as developed market and is anticipated to witness significant growth in the forecast period owing to strong distribution channel.
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 Europe Animal Feed Enzymes market.
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