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Animal Feed Enzymes Market Size, By Product (Phytase, Carbohydrase, Protease, Non-Starch Polysaccharide), By Form (Dry, Liquid), By Livestock (Poultry, Swine, Aquaculture, Ruminant, Others) & Global Forecast, 2023-2032

  • Report ID: GMI1824
  • Published Date: Dec 2022
  • Report Format: PDF

Animal Feed Enzymes Market Size

Animal Feed Enzymes Market size was more than USD 1.77 billion in 2022 and is projected to record a 6.5% CAGR from 2023 to 2032. A rise in the consumption of dairy and meat is expected to foster industry expansion.
 

Animal Feed Enzymes Market

As people become more health conscious, the intake of meat and dairy products should increase in the years to come. According to estimates, in 2021, China consumed nearly 59.94 million tons of meat, a number that is expected to rise as the meat-eating population increases. The growing need for processed meat and meat products that help satisfy the protein requirements of people will influence the demand for animal feed enzymes.
 

A lack of standardized regulations by federal and state authorities might hamper the animal feed enzymes industry. Several authorities across different countries like the U.S., Canada, and Latin America, are regulating feed enzymes. The regulatory framework for these enzymes differs by country. However, new technological advancements could favor market share.
 

Animal Feed Enzymes Market Analysis

Global animal feed enzymes market from phytase product

Animal feed enzymes market share from phytase segment is estimated to surpass USD 965 million by 2032. The addition of phytase enzymes in feed products helps animals to quickly absorb phosphorus and other micronutrients. It can lower the antinutritional effect of phytate and improve the digestibility of calcium, phosphorous (P), amino acids, and energy. Superior pelleting, increased premix stability, and longer shelf life are a few added advantages that phytase contributes. Rising meat intake to meet health requirements like protein should augment the use of phytase in animal feed.
 

 

Global animal feed enzymes market from dry form

Animal feed enzymes market share from dry form segment is anticipated to cross USD 2.5 billion by 2032. Due to its easy and convenient utilization, enzymes in dry formulation has become a key format in animal feed industry. It can sustain the temperature in fodder processing and has greater thermal stability. Some of the advantages of using dry-form animal feed enzymes include easy handling, spill-free storage, and simple transportation.
 

 

Global animal feed enzymes market from swine livestock

Animal feed enzymes market share from swine livestock segment is expected to register around 6% CAGR between 2023 to 2032. Due to genetic and technical advancements in swine production, numerous nutrients that are left undigested can be absorbed. In order to break down the protein and simplify digestion, feed enzymes are widely employed in animal feed. The ongoing rise in swine production is likely to have a positive impact on the demand for animal feed enzymes.
 

 

North America animal feed enzymes market

North America animal feed enzymes market size was around USD 510 million in 2022. Technological advancement and an increase in the livestock population are projected to promote industry growth. The rising demand for meat products is encouraging key meat-based product manufacturers to focus on new developments and investments. Growing livestock farming give to a high demand for meat should foster the regional market statistics.
 

Animal Feed Enzymes Market Share

Some of the key players operating in the global animal feed enzymes industry include

  • BASF
  • Chr. Hansen A/S
  • Royal DSM N.V
  • AB Enzymes
  • Novozymes
  • Novus International
  • Adisseo
  • Enzyme Innovation
  • Lonza Group
  • Lumis Biotech

Companies are investing heavily in product launches and other development strategies.
 

COVID-19 Impact

Animal feed enzyme industry suffered huge losses due to the COVID-19 pandemic during the first few months of its onset. The global exports of chicken, beef, and other meat were reduced due to travel restrictions and lockdown effects. However, as the market is reviving due to the reduced cases of COVID-19 and economic growth, the market is expected to witness promising advancements in the coming years.
 

The animal feed enzymes market research report includes in-depth coverage of the industry with estimates & forecasts in terms of volume in Kilo Tons and revenue in USD Million from 2018 to 2032 for the following segments:

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By Product

  • Phytase
  • Carbohydrase
  • Protease
  • Non-Starch Polysaccharide

By Form

  • Dry
  • Liquid

By Livestock

  • Poultry
  • Swine
  • Aquaculture
  • Ruminant
  • Others

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Spain
    • Germany
    • UK
    • Russia
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Malaysia
    • Indonesia
    • Thailand
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
       
Authors: Kunal Ahuja, Tushar Malkani

Frequently Asked Questions (FAQ) :

Market size for Animal Feed Enzymes was more than USD 1.77 billion in 2022 and is projected to record over 6.5% CAGR from 2023 to 2032.

Animal feed enzymes industry share from phytase segment is estimated to surpass USD 965 million by 2032 as animals now absorb phosphorus and other micronutrients more quickly.

North America market for animal feed enzymes was around USD 510 million in 2022 owing to technological advancements in animal feed production and an increase in the livestock population.

BASF, Royal DSM N.V, AB Enzymes, Novozymes, Novus International, Enzyme Innovation, Lonza Group, and Lumis Biotech are some of the leading companies in the animal feed enzymes business.

Animal Feed Enzymes Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 20
  • Tables & Figures: 298
  • Countries covered: 20
  • Pages: 294
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