Animal Feed Enzymes Market Forecasts to 2028 - Global Analysis By Form, By Source, By Type, By Livestock and Geography

Description

List of Tables

According to Stratistics MRC, the Global Animal Feed Enzymes Market is accounted for $1.87 billion in 2022 and is expected to reach $3.25 billion by 2028 growing at a CAGR of 9.6% during the forecast period. Enzymes for animal feed are chemicals or catalysts that are released by cells to enhance the rate of particular chemical reactions. Animal feeds are fortified with animal feed enzymes, which are released in the digestive system to assist in food digestion. They are utilized by livestock producers as methods to increase the nutritional value of feed ingredients, prevent environmental degradation, and lower feed costs.

According to the Alltech feed survey, the feed industry has seen a total growth of 13%, which translates to an average growth rate of 2.49% per annum.

Market Dynamics:

Driver:

Provision of feed cost-efficiency

Livestock farmers continue to place a high priority on reducing feed expenditures per livestock. The overall nutritional value of the diet has a significant impact on the capacity to boost feed digestibility. It has been proven that diet can control up to 90% of the diversity in the way the body responds to the addition of enzymes. By improving digestibility, diets' nutrient density can be raised while production costs are reduced. Furthermore, enzymes have an impact on the total indigestible food component, feed enzymes are used to maintain livestock performance while minimising feed costs.

Restraint:

High inclusion rates of enzymes to have adverse effects

Due to the fact that feed enzymes have a major influence on the growth of the livestock industry, there are physiological limits to enzyme responses in the digestive systems of cattle. Excessive feed enzyme levels may change the ratio of endogenous enzymes in the intestinal system, which could have negative effects on health. Age, diet type, and the quantity of enzyme inclusion rates in feed products are some of the variables affecting variations at this level. Moreover, feed enzymes can have a variety of unfavourable effects, including vomiting, gas, diarrhoea, and swelling in the legs and feet. Additionally, some animals develop adverse reactions to digestive enzymes.

Opportunity:

Innovation in phytase production processes

In preliminary research, some fungi might grow in POME (palm oil mill effluent) and produce phytase enzymes. The use of phytase enzyme-containing feed products for monogastric and digastric livestock may improve nutrient absorption efficiency and livestock resistance to disease assaults. One type of waste, palm oil mill effluent (POME), has not been widely utilised in the production of enzymes. Some fungi exhibit signs of having the ability to produce phytase on POME. A large portion of POME is disposed of in landfills, where it pollutes the environment.

Threat:

High R&D investments

Owing to the need for high-quality feed enzymes at prices that are competitive on a worldwide scale, the feed industry needs to make significant investments in research and development as well as in enzyme production and manufacturing. They need enhanced infrastructure, which includes molecular technique labs with the instruments required to discover new enzymes, such as those for metagenomics and genomics. Additionally, most manufacturers have a small number of R&D facilities, which initially require significant investments, which is hindering market growth.

COVID-19 Impact:

Due to the COVID-19 outbreak, the supply chain was impeded, which reduced availability. The pandemic had a slight effect on the feed enzymes market. Additionally, many farmers resorted to panic buying animal feed in anticipation of potential shortages when various governments enacted stay-at-home orders. Farmers were driven to store their supply of animal feed as a result of a number of concerns, including truck shortages, reduced deliveries, and employees acquiring COVID-19.

The microorganism segment is expected to be the largest during the forecast period

Due to the increased usage of these sources to extract feed enzymes, the microorganism segment dominated the market during the anticipated period. Microorganisms continue to play a significant role in the production of stable and essential feed enzymes for industry. In the production of animal feed, enzymes from microorganisms are essential. In order to improve the quality of feed, microbial enzymes are discovered using molecular techniques, including metagenomics and genomics.

The carbohydrase segment is expected to have the highest CAGR during the forecast period

Most livestock producers and manufacturers of animal feed prefer to use carbohydrase as an enzyme. The inclusion of carbohydrase in the feed has substantial advantages for the animals. Monogastric animals typically have a starch digestion capacity of around 90%, but carbohydrase helps increase this ratio. Enzymes that catalyse the digestion of carbohydrates are also very effective at boosting the amount of energy that feed items can provide.

Region with largest share:

The Asia-Pacific region's feed enzymes market is anticipated to hold the largest share owing to increased demand for the production of compound feed. The feed mill companies are actively looking for innovations in feed enzymes that add value to the expanding livestock sector of the nation as the feed and animal production industry, primarily for broilers and pigs, continues to change rapidly in China. Furthermore, the need for alternate feed additives like enzymes and other products is expanding as people become more aware of the detrimental effects of antibiotics, which is fueling the market in this region.

Region with highest CAGR:

Due to the rise in the number of feed mills and feed production, the Asia-Pacific region is expected to witness the highest CAGR during the projection period. Moreover, the presence of a substantial livestock population and their growth rate, and the rising demand for protein-rich meat & dairy products in developing countries like China, India, and Japan in this region, all of which are major contributors to the growth in the Asia Pacific region.

Key players in the market

Some of the key players in Powder Metallurgy market include BASF SE, DuPont, Adisseo, Novozymes, ENMEX, Advanced Enzyme Technologies, Elanco, BioResource International, Inc, Kemin Industries, Inc., Cargill, Koninklijke DSM N.V., Alltech Inc., Beldem SA, Bioproton Pty Ltd and Meyer Holding AG.

Key Developments:

In April 2020, BASF SE took the decision to stop its "smart Verbund project," which was in the initial phase with a planned investment of USD 10 billion. They started the construction on a plant complex in Zhanjiang, China, in November 2019, which had stopped due to the outbreak.

In February, 2020, BEC Feed Solutions stated it had commenced work to redevelop its Carole Park location into a new state-of-the-art manufacturing facility. The new facility will feature a manufacturing plant equipped with integrated technology unique to the premix industry, a new warehouse, and adjoining contemporary two-story office building, which will significantly increase their production.

Forms Covered:

Dry
Liquid

Sources Covered:

Plants
Animals
Microorganism

Types Covered:

Carbohydrase
Protease
Phytase
Non starch polysaccharides
Other Types

Livestocks Covered:

Ruminants
Poultry
Aquatic Animals
Swine
Other Livestocks

Regions Covered:

North America
- US
- Canada
- Mexico
Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
South America
- Argentina
- Brazil
- Chile
- Rest of South America
Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa

What our report offers:

Market share assessments for the regional and country-level segments
Strategic recommendations for the new entrants
Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company profiling with detailed strategies, financials, and recent developments
Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
Competitive Benchmarking

Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Product Code: SMRC22199

1 Executive Summary

2 Preface

2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions

3 Market Trend Analysis

3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Emerging Markets
3.7 Impact of Covid-19

4 Porters Five Force Analysis

4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Animal Feed Enzymes Market, By Form

5.1 Introduction
5.2 Dry
5.3 Liquid

6 Global Animal Feed Enzymes Market, By Source

6.1 Introduction
6.2 Plants
6.3 Animals
6.4 Microorganism

7 Global Animal Feed Enzymes Market Outlook, By Type

7.1 Introduction
7.2 Carbohydrase
7.3 Protease
7.4 Phytase
7.5 Non starch polysaccharides
7.6 Other Types

8 Global Animal Feed Enzymes Market, By Livestock

8.1 Introduction
8.2 Ruminants
8.3 Poultry
8.4 Aquatic Animals
8.5 Swine
8.6 Other Livestocks

9 Global Animal Feed Enzymes Market, By Geography

9.1 Introduction
9.2 North America
- 9.2.1 US
- 9.2.2 Canada
- 9.2.3 Mexico
9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 Italy
- 9.3.4 France
- 9.3.5 Spain
- 9.3.6 Rest of Europe
9.4 Asia Pacific
- 9.4.1 Japan
- 9.4.2 China
- 9.4.3 India
- 9.4.4 Australia
- 9.4.5 New Zealand
- 9.4.6 South Korea
- 9.4.7 Rest of Asia Pacific
9.5 South America
- 9.5.1 Argentina
- 9.5.2 Brazil
- 9.5.3 Chile
- 9.5.4 Rest of South America
9.6 Middle East & Africa
- 9.6.1 Saudi Arabia
- 9.6.2 UAE
- 9.6.3 Qatar
- 9.6.4 South Africa
- 9.6.5 Rest of Middle East & Africa

10 Key Developments

10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies

11 Company Profiling

11.1 BASF SE
11.2 DuPont
11.3 Adisseo
11.4 Novozymes
11.5 ENMEX
11.6 Advanced Enzyme Technologies
11.7 Elanco
11.8 BioResource International, Inc
11.9 Kemin Industries, Inc.
11.10 Cargill
11.11 Koninklijke DSM N.V.
11.12 Alltech Inc.
11.13 Beldem SA
11.14 Bioproton Pty Ltd
11.15 Meyer Holding AG

Product Code: SMRC22199

List of Tables

Table 1 Global Animal Feed Enzymes Market Outlook, By Region (2020-2028) ($MN)
Table 2 Global Animal Feed Enzymes Market Outlook, By Form (2020-2028) ($MN)
Table 3 Global Animal Feed Enzymes Market Outlook, By Dry (2020-2028) ($MN)
Table 4 Global Animal Feed Enzymes Market Outlook, By Liquid (2020-2028) ($MN)
Table 5 Global Animal Feed Enzymes Market Outlook, By Source (2020-2028) ($MN)
Table 6 Global Animal Feed Enzymes Market Outlook, By Plants (2020-2028) ($MN)
Table 7 Global Animal Feed Enzymes Market Outlook, By Animals (2020-2028) ($MN)
Table 8 Global Animal Feed Enzymes Market Outlook, By Microorganism (2020-2028) ($MN)
Table 9 Global Animal Feed Enzymes Market Outlook, By Type (2020-2028) ($MN)
Table 10 Global Animal Feed Enzymes Market Outlook, By Carbohydrase (2020-2028) ($MN)
Table 11 Global Animal Feed Enzymes Market Outlook, By Protease (2020-2028) ($MN)
Table 12 Global Animal Feed Enzymes Market Outlook, By Phytase (2020-2028) ($MN)
Table 13 Global Animal Feed Enzymes Market Outlook, By Non starch polysaccharides (2020-2028) ($MN)
Table 14 Global Animal Feed Enzymes Market Outlook, By Other Types (2020-2028) ($MN)
Table 15 Global Animal Feed Enzymes Market Outlook, By Livestock (2020-2028) ($MN)
Table 16 Global Animal Feed Enzymes Market Outlook, By Ruminants (2020-2028) ($MN)
Table 17 Global Animal Feed Enzymes Market Outlook, By Poultry (2020-2028) ($MN)
Table 18 Global Animal Feed Enzymes Market Outlook, By Aquatic Animals (2020-2028) ($MN)
Table 19 Global Animal Feed Enzymes Market Outlook, By Swine (2020-2028) ($MN)
Table 20 Global Animal Feed Enzymes Market Outlook, By Other Livestocks (2020-2028) ($MN)
Table 21 North America Animal Feed Enzymes Market Outlook, By Country (2020-2028) ($MN)
Table 22 North America Animal Feed Enzymes Market Outlook, By Form (2020-2028) ($MN)
Table 23 North America Animal Feed Enzymes Market Outlook, By Dry (2020-2028) ($MN)
Table 24 North America Animal Feed Enzymes Market Outlook, By Liquid (2020-2028) ($MN)
Table 25 North America Animal Feed Enzymes Market Outlook, By Source (2020-2028) ($MN)
Table 26 North America Animal Feed Enzymes Market Outlook, By Plants (2020-2028) ($MN)
Table 27 North America Animal Feed Enzymes Market Outlook, By Animals (2020-2028) ($MN)
Table 28 North America Animal Feed Enzymes Market Outlook, By Microorganism (2020-2028) ($MN)
Table 29 North America Animal Feed Enzymes Market Outlook, By Type (2020-2028) ($MN)
Table 30 North America Animal Feed Enzymes Market Outlook, By Carbohydrase (2020-2028) ($MN)
Table 31 North America Animal Feed Enzymes Market Outlook, By Protease (2020-2028) ($MN)
Table 32 North America Animal Feed Enzymes Market Outlook, By Phytase (2020-2028) ($MN)
Table 33 North America Animal Feed Enzymes Market Outlook, By Non starch polysaccharides (2020-2028) ($MN)
Table 34 North America Animal Feed Enzymes Market Outlook, By Other Types (2020-2028) ($MN)
Table 35 North America Animal Feed Enzymes Market Outlook, By Livestock (2020-2028) ($MN)
Table 36 North America Animal Feed Enzymes Market Outlook, By Ruminants (2020-2028) ($MN)
Table 37 North America Animal Feed Enzymes Market Outlook, By Poultry (2020-2028) ($MN)
Table 38 North America Animal Feed Enzymes Market Outlook, By Aquatic Animals (2020-2028) ($MN)
Table 39 North America Animal Feed Enzymes Market Outlook, By Swine (2020-2028) ($MN)
Table 40 North America Animal Feed Enzymes Market Outlook, By Other Livestocks (2020-2028) ($MN)
Table 41 Europe Animal Feed Enzymes Market Outlook, By Country (2020-2028) ($MN)
Table 42 Europe Animal Feed Enzymes Market Outlook, By Form (2020-2028) ($MN)
Table 43 Europe Animal Feed Enzymes Market Outlook, By Dry (2020-2028) ($MN)
Table 44 Europe Animal Feed Enzymes Market Outlook, By Liquid (2020-2028) ($MN)
Table 45 Europe Animal Feed Enzymes Market Outlook, By Source (2020-2028) ($MN)
Table 46 Europe Animal Feed Enzymes Market Outlook, By Plants (2020-2028) ($MN)
Table 47 Europe Animal Feed Enzymes Market Outlook, By Animals (2020-2028) ($MN)
Table 48 Europe Animal Feed Enzymes Market Outlook, By Microorganism (2020-2028) ($MN)
Table 49 Europe Animal Feed Enzymes Market Outlook, By Type (2020-2028) ($MN)
Table 50 Europe Animal Feed Enzymes Market Outlook, By Carbohydrase (2020-2028) ($MN)
Table 51 Europe Animal Feed Enzymes Market Outlook, By Protease (2020-2028) ($MN)
Table 52 Europe Animal Feed Enzymes Market Outlook, By Phytase (2020-2028) ($MN)
Table 53 Europe Animal Feed Enzymes Market Outlook, By Non starch polysaccharides (2020-2028) ($MN)
Table 54 Europe Animal Feed Enzymes Market Outlook, By Other Types (2020-2028) ($MN)
Table 55 Europe Animal Feed Enzymes Market Outlook, By Livestock (2020-2028) ($MN)
Table 56 Europe Animal Feed Enzymes Market Outlook, By Ruminants (2020-2028) ($MN)
Table 57 Europe Animal Feed Enzymes Market Outlook, By Poultry (2020-2028) ($MN)
Table 58 Europe Animal Feed Enzymes Market Outlook, By Aquatic Animals (2020-2028) ($MN)
Table 59 Europe Animal Feed Enzymes Market Outlook, By Swine (2020-2028) ($MN)
Table 60 Europe Animal Feed Enzymes Market Outlook, By Other Livestocks (2020-2028) ($MN)
Table 61 Asia Pacific Animal Feed Enzymes Market Outlook, By Country (2020-2028) ($MN)
Table 62 Asia Pacific Animal Feed Enzymes Market Outlook, By Form (2020-2028) ($MN)
Table 63 Asia Pacific Animal Feed Enzymes Market Outlook, By Dry (2020-2028) ($MN)
Table 64 Asia Pacific Animal Feed Enzymes Market Outlook, By Liquid (2020-2028) ($MN)
Table 65 Asia Pacific Animal Feed Enzymes Market Outlook, By Source (2020-2028) ($MN)
Table 66 Asia Pacific Animal Feed Enzymes Market Outlook, By Plants (2020-2028) ($MN)
Table 67 Asia Pacific Animal Feed Enzymes Market Outlook, By Animals (2020-2028) ($MN)
Table 68 Asia Pacific Animal Feed Enzymes Market Outlook, By Microorganism (2020-2028) ($MN)
Table 69 Asia Pacific Animal Feed Enzymes Market Outlook, By Type (2020-2028) ($MN)
Table 70 Asia Pacific Animal Feed Enzymes Market Outlook, By Carbohydrase (2020-2028) ($MN)
Table 71 Asia Pacific Animal Feed Enzymes Market Outlook, By Protease (2020-2028) ($MN)
Table 72 Asia Pacific Animal Feed Enzymes Market Outlook, By Phytase (2020-2028) ($MN)
Table 73 Asia Pacific Animal Feed Enzymes Market Outlook, By Non starch polysaccharides (2020-2028) ($MN)
Table 74 Asia Pacific Animal Feed Enzymes Market Outlook, By Other Types (2020-2028) ($MN)
Table 75 Asia Pacific Animal Feed Enzymes Market Outlook, By Livestock (2020-2028) ($MN)
Table 76 Asia Pacific Animal Feed Enzymes Market Outlook, By Ruminants (2020-2028) ($MN)
Table 77 Asia Pacific Animal Feed Enzymes Market Outlook, By Poultry (2020-2028) ($MN)
Table 78 Asia Pacific Animal Feed Enzymes Market Outlook, By Aquatic Animals (2020-2028) ($MN)
Table 79 Asia Pacific Animal Feed Enzymes Market Outlook, By Swine (2020-2028) ($MN)
Table 80 Asia Pacific Animal Feed Enzymes Market Outlook, By Other Livestocks (2020-2028) ($MN)
Table 81 South America Animal Feed Enzymes Market Outlook, By Country (2020-2028) ($MN)
Table 82 South America Animal Feed Enzymes Market Outlook, By Form (2020-2028) ($MN)
Table 83 South America Animal Feed Enzymes Market Outlook, By Dry (2020-2028) ($MN)
Table 84 South America Animal Feed Enzymes Market Outlook, By Liquid (2020-2028) ($MN)
Table 85 South America Animal Feed Enzymes Market Outlook, By Source (2020-2028) ($MN)
Table 86 South America Animal Feed Enzymes Market Outlook, By Plants (2020-2028) ($MN)
Table 87 South America Animal Feed Enzymes Market Outlook, By Animals (2020-2028) ($MN)
Table 88 South America Animal Feed Enzymes Market Outlook, By Microorganism (2020-2028) ($MN)
Table 89 South America Animal Feed Enzymes Market Outlook, By Type (2020-2028) ($MN)
Table 90 South America Animal Feed Enzymes Market Outlook, By Carbohydrase (2020-2028) ($MN)
Table 91 South America Animal Feed Enzymes Market Outlook, By Protease (2020-2028) ($MN)
Table 92 South America Animal Feed Enzymes Market Outlook, By Phytase (2020-2028) ($MN)
Table 93 South America Animal Feed Enzymes Market Outlook, By Non starch polysaccharides (2020-2028) ($MN)
Table 94 South America Animal Feed Enzymes Market Outlook, By Other Types (2020-2028) ($MN)
Table 95 South America Animal Feed Enzymes Market Outlook, By Livestock (2020-2028) ($MN)
Table 96 South America Animal Feed Enzymes Market Outlook, By Ruminants (2020-2028) ($MN)
Table 97 South America Animal Feed Enzymes Market Outlook, By Poultry (2020-2028) ($MN)
Table 98 South America Animal Feed Enzymes Market Outlook, By Aquatic Animals (2020-2028) ($MN)
Table 99 South America Animal Feed Enzymes Market Outlook, By Swine (2020-2028) ($MN)
Table 100 South America Animal Feed Enzymes Market Outlook, By Other Livestocks (2020-2028) ($MN)
Table 101 Middle East & Africa Animal Feed Enzymes Market Outlook, By Country (2020-2028) ($MN)
Table 102 Middle East & Africa Animal Feed Enzymes Market Outlook, By Form (2020-2028) ($MN)
Table 103 Middle East & Africa Animal Feed Enzymes Market Outlook, By Dry (2020-2028) ($MN)
Table 104 Middle East & Africa Animal Feed Enzymes Market Outlook, By Liquid (2020-2028) ($MN)
Table 105 Middle East & Africa Animal Feed Enzymes Market Outlook, By Source (2020-2028) ($MN)
Table 106 Middle East & Africa Animal Feed Enzymes Market Outlook, By Plants (2020-2028) ($MN)
Table 107 Middle East & Africa Animal Feed Enzymes Market Outlook, By Animals (2020-2028) ($MN)
Table 108 Middle East & Africa Animal Feed Enzymes Market Outlook, By Microorganism (2020-2028) ($MN)
Table 109 Middle East & Africa Animal Feed Enzymes Market Outlook, By Type (2020-2028) ($MN)
Table 110 Middle East & Africa Animal Feed Enzymes Market Outlook, By Carbohydrase (2020-2028) ($MN)
Table 111 Middle East & Africa Animal Feed Enzymes Market Outlook, By Protease (2020-2028) ($MN)
Table 112 Middle East & Africa Animal Feed Enzymes Market Outlook, By Phytase (2020-2028) ($MN)
Table 113 Middle East & Africa Animal Feed Enzymes Market Outlook, By Non starch polysaccharides (2020-2028) ($MN)
Table 114 Middle East & Africa Animal Feed Enzymes Market Outlook, By Other Types (2020-2028) ($MN)
Table 115 Middle East & Africa Animal Feed Enzymes Market Outlook, By Livestock (2020-2028) ($MN)
Table 116 Middle East & Africa Animal Feed Enzymes Market Outlook, By Ruminants (2020-2028) ($MN)
Table 117 Middle East & Africa Animal Feed Enzymes Market Outlook, By Poultry (2020-2028) ($MN)
Table 118 Middle East & Africa Animal Feed Enzymes Market Outlook, By Aquatic Animals (2020-2028) ($MN)
Table 119 Middle East & Africa Animal Feed Enzymes Market Outlook, By Swine (2020-2028) ($MN)
Table 120 Middle East & Africa Animal Feed Enzymes Market Outlook, By Other Livestocks (2020-2028) ($MN)

Animal Feed Enzymes Market Forecasts to 2028 - Global Analysis By Form, By Source, By Type, By Livestock and Geography

Description

Table of Contents

List of Tables

Table of Contents

1 Executive Summary

2 Preface

3 Market Trend Analysis

4 Porters Five Force Analysis

5 Global Animal Feed Enzymes Market, By Form

6 Global Animal Feed Enzymes Market, By Source

7 Global Animal Feed Enzymes Market Outlook, By Type

8 Global Animal Feed Enzymes Market, By Livestock

9 Global Animal Feed Enzymes Market, By Geography

10 Key Developments

11 Company Profiling

List of Tables