Animal Feed Enzymes Market Size
With a size greater than USD 1.77 billion in 2022, animal feed enzymes market is expected to show a 6.5% CAGR from 2023 to 2032. Growing consumption of meat and dairy is predicted to support industrial development.
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Meat and dairy products should rise in consumption in the next years as people grow more health concerned. Estimates project China's meat consumption in 2021 to be around 59.94 million tons, a figure projected to rise as the population that eats meat rises. The demand for animal feed enzymes will be affected by the increased need for processed meat and meat products that enable individuals to meet their protein requirements.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Animal Feed Enzymes Market Size in 2022 | USD 1.7 Billion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 6.5% |
| 2032 Value Projection | USD 3.3 Billion |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 294 |
| Tables, Charts & Figures | 298 |
| Segments covered | Product, Form, Livestock |
| Growth Drivers |
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| Pitfalls & Challenges |
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What are the growth opportunities in this market?
Lack of consistent rules by federal and state agencies could affect the animal feed enzymes market. Feed enzymes are being regulated by several authorities including those of the United States, Canada, and Latin America. Different countries have different regulations regarding these enzymes. New technical developments, though, could benefit market share.
Animal Feed Enzymes Market Analysis
Learn more about the key segments shaping this market
By 2032, phytase sector of animal feed enzyme market share is projected to be USD 965 million. Phytase enzymes added to feed products enable animals to rapidly absorb other micronutrients including phosphorous. It can increase the digestibility of calcium, phosphorus (P), amino acids, and energy while simultaneously reduce the antinutritional effect of phytate. Among the few more benefits phytase brings are better pelleting, more premix stability, and longer shelf life. Increasing meat consumption to satisfy dietary needs including protein should increase phytase use in animal feed.
Learn more about the key segments shaping this market
By 2032, animal feed enzymes market share from dry form segment is expected to cross USD 2.5 billion. Enzymes in dry formulation have become a main form in the animal feed sector due to their simple and practical use. It has more thermal stability and helps to maintain the temperature in the processing of feed. Using dry-form animal feed enzymes has several benefits including easy handling, spill-free storage, and low transportation costs.
Looking for region specific data?
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 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
The COVID-19 epidemic caused huge losses in the animal feed enzyme business during the first few months of start. Travel restrictions and shutdown impacts cut the worldwide exports of poultry, beef, and other products. Nonetheless, the market is predicted to show encouraging developments in the next years as the lowered COVID-19 instances and economic growth help the sector to revive.
With estimations and forecasts in terms of volume in Kilo Tons and revenue in USD Million from 2018 to 2032 for the following segments, the animal feed enzymes market research study offers in-depth coverage of the industry
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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
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