The global Feed Enzymes Market size is expected to reach a CAGR of 7.3% from 2023-2030.
The market for enzymes added to animal feed to increase the feed's nutritional content and digestibility is referred to as the worldwide feed enzymes market. Feed enzymes aid in the breakdown of complex feed ingredients like proteins, carbohydrates, and lipids into simpler and easier-to-digest forms, improving nutrient absorption by the animal's digestive tract.
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The need for high-quality animal feed, increased meat and dairy consumption, and a growing trend towards sustainable animal production are just a few of the drivers that are propelling the feed enzymes market's rapid growth. Animal nutrition depends heavily on enzymes, and adding them to animal feed has been demonstrated to promote digestibility, nutrient absorption, and overall animal performance. The rising demand for meat and dairy products is one of the main factors driving the market for feed enzymes. There is a growing need for animal protein due to an expanding global population and increased disposable incomes.
Recent Developments
- BASF SE announced in April 2021 that it has launched a new product line of phytase feed enzymes called Natuphos E, which is designed to improve feed efficiency and reduce environmental impact.
- In December 2020, Koninklijke DSM N.V. announced that it has launched a new range of protease feed enzymes called ProAct, which is designed to improve the digestibility of plant-based proteins in animal feed.
Prominent Players
· BASF SE
· Dupont de Nemours, Inc.
· Koninklijke DSM N.V.
· Novozymes A/S
· Associated British Foods plc
· Adisseo
· Cargill, Incorporated
· Chr. Hansen Holding A/S
· Alltech, Inc.
· Kemin Industries, Inc.
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Asia Pacific to Dominate the Market
- The Asia-Pacific region is expected to be the largest region in the Feed Enzymes market during the forecast period.
- North America and Europe are expected to remain the largest markets due to high per capita meat consumption and the presence of large animal feed manufacturers.
The feed Enzymes Market Segmentation:
On the basis of Type of Enzyme
· Carbohydrase’s
· Proteases
· Phytases
· Others
On the basis of Source of the Enzyme
· Microbial
· Plant
· Animal-based
On the basis of Livestock Category
· Poultry
· Swine
· Ruminants
· Aquaculture
Based on region:
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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Frequently Asked Questions
· What are the years considered to study Feed Enzymes Market?
· What is the compound annual growth rate (CAGR) of the Feed Enzymes Market?
· Which region holds the largest market share in Feed Enzymes Market?
· Who are the major players in Feed Enzymes Market?
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