Animal Feed Enzymes Market size is anticipated to reach USD 3.3 billion by 2032, according to a new research report by Global Market Insights Inc.
Mounting preference for high-quality meat and dairy products will accelerate the use of animal feed enzymes in the livestock sector. The amount of meat consumption has increased drastically over the past decade as people focus on fulfilling their dietary and protein requirements. Estimates suggest that global meat consumption will reach between 460 million to 570 million tons by the year 2050. The rising global population and improving standard of living should fuel the need for increased productivity in the livestock sector.
Use of carbohydrase enzymes to improve livestock quality
Animal feed enzymes market from the carbohydrase segment will exhibit a CAGR of 6% from 2023 to 2032. Carbohydrase enzymes are used to degrade fiber and starch and release molecules that form an energy source for animals. It is proven to be an effective and popular feed additive and can improve carbohydrate and fiber digestion in fish. Poor commercial conditions can impact the quality and health of animals which may essentially boost the need for carbohydrase enzymes in the livestock domain.
High preference for liquid feed enzymes
The liquid form segment is expected to expand at 7% CAGR between 2023 and 2032, due to their strong ability to combine with animal feed, liquid enzymes are emerging formats, particularly in gel/paste format in tubes. Since liquids are provided in pre-packaged dose units, the issue of weighing the product before use is eliminated. The ease of use makes it simpler for livestock farmers to provide the right amount of feed to animals.
Browse key industry insights spread across 294 pages with 268 market data tables and 30 figures & charts from the report, “Animal Feed Enzymes Market Size, By Product (Phytase, Carbohydrase, Protease, Non-Starch Polysaccharide), By Form (Dry, Liquid), By Livestock (Poultry, Swine, Aquaculture, Ruminant, Others), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032” in detail along with the table of contents:
Consumption of processed animal feed meals to influence market demand
In terms of livestock, the others segment is predicted to record a CAGR of around 4.5% CAGR through 2032. The others segment comprises animal feed enzymes for horses and equines. Digestive enzymes aid in better gut health of horses and enhance overall physical performance. The rising popularity of processed feed meals has prompted the use of different feed enzymes in order to balance the digestive system.
Food safety regulations in Europe fueling industry revenue
Europe animal feed enzymes market is set to cross USD 1.3 billion by 2032. Strict food safety regulations have compelled cattle producers to use various enzymes for improved digestion, which eventually supports the production of high-quality finished products. Over the coming years, the rising consumption of chicken in Russia is likely to strengthen the regional industry expansion. According to sources, meat consumption in Russia stands at 77 kg per capita, which is significantly higher than the global average of 40 kg per capita.
New product launches by industry players
Major players involved in the animal feed enzymes market include BASF, Lumis Biotech, Lonza Group, Chr. Hansen A/S, Novus International, AB Enzymes, Novozymes, Adisseo, Enzyme Innovation and Royal DSM N.V. Increasing efforts are put forth by these companies to develop innovative products to improve animal health. In March 2019, BASF launched Natuphos E for the feed industry in Indonesia. The new product is formulated for poultry and promotes healthy animal growth as well as reduces phosphorous emissions from livestock.