Feed Enzymes Market

Global Feed Enzymes Market Size (2022-2027)

The Global Feed Enzyme Market was worth US$ 1.4 billion in 2021, and it is estimated to reach a valuation of US$ 1.5 billion in 2022 and US$ 2.3 billion by the end of 2027, expanding at an annual growth rate of 8.2% between 2022 and 2027.

The feed enzymes are enzymes that are used as an additive in animal feed in order to increase the nutritional value of the feed ingredients. The enzymes in the feed acts as a catalyst for improve the digestion of important fibers or other elements present in the feed.  The enzymes can be extracted from microbes, plants and other animals. The enzymes that are used to give animals are Phytase, Carbohydrase and Protease. Enzymes are the kind of the protein that helps with the metabolic reactions in the body. The supplementation of enzymes improves the digestion in the animals and increases the profitability of the farm. Enzyme innovation has empowered animals to extract nutrients from their feed effectively, allowing them to utilize the feed more effectively and improving the general wellbeing of the animals. Enzymes promotes good health among livestock, helps in weaning process in young animals, boost weight gain, heath and also increases egg production in hens and also helps animals to properly digest their feed in order to produce more manure. Owing to these factors, the use of enzymes in livestock feed is increasing which is driving the growth of the market during the period between 2022 and 2027.

Market Drivers:

The driving force of the Feed Enzyme Market is the rising demand of the animal based products. The food consumption pattern is changing; people are now opting for more nutritious and healthy products. Therefore, demand of the protein based products such as dairy, eggs and meat is increasing in the market which further increases the demand of the feed enzyme for animal feed which directly fuel the growth of feed enzyme market.

The feed enzymes help in improving the digestion of the animal and also increase the productivity of the livestock. Also, it helps in increasing the weaning process in young animals therefore; the demand of the feed enzymes is which in turn increase the growth of this market.

The increasing awareness of wellbeing of the livestock among farmers is boosting the demand of the feed enzyme in order to maintain the digestion of the feed in animals as well as help in efficient utilization of the nutrients from the feed.

The increasing trend of meat production and consumption of the meat in various countries around the world is fueling the demand of the animal feed compounds, which in turn boost the growth of the feed enzyme market in the near future.

Market Restraints:

Though the feed enzyme helps in promoting the health of the livestock as well the profitability of livestock industry but there are physiological limits that are imposed by the conditions to enzyme response in the digestive tract of the livestock. Excessive level of the feed enzyme could affects the endogenous enzymes in the gastrointestinal tract may lead to adverse effects on the animal health. Feed enzymes may trigger to several side effects such as vomiting, diarrhea, gas, and swelling on legs and feet etc. depending on the various factors associated to livestock and feed such as age, type of diet, and enzyme inclusion rates in feed products. All these factors restricts the growth of the animal feed enzyme market

Recent Developments:

In June 2021, DSM and Novozymes alliance together introduced its second generation protease i.e. ProAct 360. ProAct 360 reflects a 360° understands the need of poultry producers and also the challenges that poultry production cab face with regard to environmental footprint.

In Jan 2021, Novus International, Inc. has announced its partnership with U.S technology company, Agrivida. This alliance combines the Novus nearly 30 years of research, sales and marketing experience with Agrivida’s novel technology through which both the companies could the customer base as well as explore new innovative products through research & development collaboration.

GLOBAL FEED ENZYMES MARKET REPORT COVERAGE:

Market Segmentation:

Global Feed Enzymes Market - By Type:

• Phytase
• Carbohydrase
• Protease

Based on Type, the Feed Enzyme Market is segmented into Phytase, Carbohydrase and Protease. Carbohydrase segment is expected to hold the largest market share during the forecast period. The carbohydrase breakdown carbohydrates in several regions of the digestive system inside the animal body. The two most commonly used carbohydrase enzyme are the amylase and xylanase enzymes. The carbohydrase is a kind of commercial enzyme preparation that attacks carbohydrate releasing energy that otherwise to be lost for the animal. The carbohydrase in the animal feed improves the digestibility of carbohydrate in animals. Protease segment is also going to boost the in coming years owing to its property to act as a catalyst in digestion of protein and quickly break down it into usable nutrients once it is ingested by the animal.

Global Feed Enzymes Market - By Livestock:

• Poultry
• Swine
• Ruminants
• Aquatic Animals

Based on Livestock, the Feed Enzyme Market is segmented into Poultry, Swine, Ruminants, and Aquatic Animals. The swine segment is anticipated to hold the steady market share during the forecast period as swine is unable to utilize all components of the diet fully, so specific kind of enzyme use to be added in their feed in order to help break down of complex carbohydrates protein and phytate through carbohydrase, protease and phytase. Carbohydrases type of enzyme is most effective in the diet of the starters or the young swine. The main carbohydrate in the swine diet is glucose which is provided by corn. Most of the starch present is corn is easily digestible but the more complex carbohydrate such as fiber which is not well utilized by the pigs. So enzymes are given to the swine in order to enable the digestion of such unutilized fibers.

Global Feed Enzymes Market - By Source:

• Microorganism
• Plant
• Animal

Based on Source, the Feed Enzyme Market is segmented into Microorganism, Plant, and Animal. Microorganism segment is expected to boost the feed enzyme market during the forecast period as this source is highly used in order to extract feed enzyme. Microbial enzymes are produced by using various fermentation techniques like solid-state and submerged fermentations. The large scale production of microbial or microorganism enzyme is easier as compared to plants and animals enzyme. Moreover, this source of enzymes can be easily modified through various molecular and biochemical approaches to increase their specificity.

Global Feed Enzymes Market - By Form:

• Dry
• Liquid

Based on Source, the Feed Enzyme Market is segmented into Dry and Liquid. Dry form of feed enzyme is going to dominate the market as it is easy to handle, store and transport as compared to liquid form. Liquid form of feed enzyme has less shelf life so manufacturers and livestock farmers generally prefer dry form of feed enzyme.

Regional Analysis:

The Global Feed Enzyme Market has been categorized in four regions: North America, Europe, Asia-Pacific, and RoW (Rest of the World). 

North America holds the largest market share of the feed enzyme market. In this region, the United States is the largest feed producer with the production of 215 million tons followed by Mexico and Canada. The increasing production of the meat is driving the demand of the feed enzyme in order to produce more meat is propelling the demand of the market. Also, the people are becoming more conscious about health and have spending large amount on nutritional food products including meat and dairy products will propel the demand of the feed enzyme market during the projected period between 2022 and 2027.

Asia-Pacific market is expected to witness the highest growth rate during the forecast period between 2022 and 2027. Countries like India and China are the largest market of the region due to large number of population. The increasing demand of meat based products in this region is driving the demand of the animal feed enzyme. Moreover, the two major economies in this region are India and China which is estimated to have 7200 feed mills and producing 227 million metric ton of compound feed. China alone contributes to almost 18% of the feed compound production globally. Also the demand of the feed enzymes for livestock is increasing due to increasing awareness among livestock farmers about the wellbeing of the livestock and the benefits of the enzymes. The growing demand and the production of the feed compounds is driving the growth of the feed enzyme market in this region.

Europe is expected to have steady growth rate during the forecast period owing to the increasing demand of the meat in this reason, According to Organization of Economic Co-operation and development, Russia is recorder o be the highest poultry meat consumption country in this region. The growing meat consumption trend is driving the growth of the feed enzyme market in this region in order to increase the productivity and quality of the livestock.

Leading Company:

Cargill had the largest share of the world’s feed enzyme market in terms of sales revenue in 2020.

Covid-19 Impact on Global Feed Enzyme Market: 

The Global Feed Enzyme Market has been significantly impacted by the COVID-19 outbreak.

The entire supply chain has disrupted due to limited supply of enzymes during the pandemic. However, the demand of the animal feed enzyme is relatively stable; the pandemic has affected the supply chain abruptly. The movement restrictions and illness led to unavailability of the workforce and reduced the supply of raw material which further led to delay in the feed supply. Also, the lockdown has impacted the transportation and logistics which affects the global trade of feed enzyme. However, the demand of feed enzyme is increasing since third quarter 2020 as many feed buyers resorted to panic buying of the feed additive in the anticipation of potential shortages and also the changing consumption pattern of livestock based products and increasing demand of protein rich diet is going to lead the demand of feed enzyme as a feed additive which will drive the growth of feed enzyme market in projected period.

Key Players:

Some of the leading companies operating in the Global Feed Enzyme Market are

• Cargill,Incorporated (US)
• BASF SE (Germany)
• DuPont (US)
• Bluestar Adisseo Co., Ltd. (China)
• Koninklijke DSM NV (Netherlands)
• Kemin Industries, Inc. 
• Novus International
• BEC Feed Solutions
• BioResource International, Inc.
• Bioproton Pty Ltd.