North America Feed Enzymes Market has been estimated at USD 21.41 Billion in 2021 and is projected to reach USD 29.2 Billion by 2026, at a CAGR of 6.40% during the forecast period from 2021 to 2026. Feed enzymes are a crucial part of commercial animal feeds. The inclusion of feed enzymes is an effective substitute to achieve optimum feed efficiency. The absence of certain enzymes in the livestock leads to the wastage of essential nutrients and increases the cost of feeds to compensate the appropriate nutritional elements. Feed enzymes have become an essential part of the globally increasing milk & meat industry.
North America Feed Enzymes Market Drivers:
Demand for high-quality meat, developing economies with disposable income and sustainable alternatives, increase in demand for better and more efficient feed additives as alternatives to feed antibiotics and to manage input costs in livestock production are the factors that are driving the feed enzymes market in North America. Rising cost of imported raw materials and price volatility of agricultural commodities are the factors that are hindering the market growth.
REPORT COVERAGE:
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REPORT METRIC |
DETAILS |
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Market Size Available |
2021 – 2026 |
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Base Year |
2021 |
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Forecast Period |
2021- 2026 |
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CAGR |
6.40% |
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Segments Covered |
By Ingredients, By Animal Type, |
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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 |
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Regions Covered |
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Market Leaders Profiled |
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North America Feed Enzymes Market - By Ingredients:
Carbohydrase
North America Feed Enzymes Market - By Animal Type:
Poultry and swine segments comprises majority of feed enzyme market share followed by ruminants. Carbohydrase are the most widely used enzymes.
North America Feed Enzymes Market is Geographically divided into:
It is the second largest market in feed enzymes with a market share of 22% in 2021. Animal husbandry is developing in the North American region with increasing attention towards favorable feeding patterns for livestock. This is leading the demand for feed enzymes. United States is the largest market within the region followed by Canada. Increasing meat exports as well as rising domestic consumption is the major driving factor for feed enzymes in Canada.
Key Players:
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By type of ingredient
5.1.1 Carbohydrase
5.1.2 Phytase
5.1.3 Others
5.2 By type of animals
5.2.1 Ruminant
5.2.2 Swine
5.2.3 Poultry
5.2.4 Aquaculture
5.2.5 Others
6. Geographical Analysis
6.1 Introduction
6.2 United States
6.3 Canada
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Lesaffre Group
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 DuPont
8.3 DSM
8.4 BASF Corporation
8.5 Alltech
8.6 Novozymes
8.7 Adisseo France
8.8 AB Enzymes GmbH
8.9 Advanced Enzymes Technologies Limited
8.10 Amano Enzyme Inc.
8.11 Biocatalysts Ltd
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Expert Opinions
10.1 Market Outlook
10.2 Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
