Feed Enzymes Market, Size, Share, Growth, Trends, Insight and Industry Forecast, 2021-2028

SKU: DMAH3162 | Last Updated On: Sep 02 2021 | No. of Pages: 180 | Available Formats

> Global Feed Enzymes Market Expected to reach a high CAGR By 2028: DataM Intelligence

Global Feed Enzymes Market is segmented By Type (Phytase, Carbohydrase (Amylase, Xylanases, Glucanases, Others), Protease, Non-starch polysaccharides), By Form (Liquid, Dry), By Animal Species (Swine, Poultry, Ruminants, Aquaculture, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2021-2028

 

Market Overview

Enzymes are the chemicals or catalysts that are released by cells to speed up specific chemical reactions. They help reduce reaction time without being part of the reaction. When digestibility-improving enzymes are applied in animal feed, they help break down parts of the diet that the animal’s digestive system cannot effectively break down itself. Feed enzymes are an important tool used for increasing the nutritional value of feed ingredients which reduce feed costs, while maintaining or improving animal performance. Animal feed in livestock and poultry production accounts for 60-70% of total expenses, which is why enzymes are used in feed to reduce the costs and volume consumption. Feed enzymes have emerged as an important contribution towards a potential solution for sustainable animal production. The global feed enzymes market valued USD XX million in 2020 and is estimated to reach USD XX million by 2028, growing at a CAGR of XX%

Source: DataM Intelligence Analysis (2021)

 

Market Dynamics

Growing poultry and livestock farming coupled with increasing demand for meat, eggs and dairy products is driving the market

With increasing population and changing dietary preferences for nutrition rich dairy, seafood, meat and eggs, the growth of the animal feed market is expected. Animal source foods contribute 18% of calorie and 25% of protein intake worldwide. According to FAO estimations, by 2050 the demand for meat production is projected to rise by nearly 70%, aquaculture by 90% and dairy by 55%. The European Union is one of the largest dairy markets in terms of volume consumption. Thus, dairy feed production grew by an average of 2% in the European region. The United States, China, and India are the largest producers of ruminant feed, owing to the presence of a large number of cattle and other ruminant population, and the high demand for milk and meat products. For instance, according to Alltech Feed Survey, the United States produced 19 million metric ton of compound feed for dairy cattle and 21 million metric ton for beef cattle in 2018. This makes the United States the major market for feed enzymes dedicated to dairy and beef cattle. The increasing dairy feed production, coupled with the propelling demand for high-quality dairy products, has created a substantial demand for high-fiber enzymes, such as phytases, which will help the poultry animals have an improved digestibility for several blends of feed ingredients, such as maize/soybean meal.

Although feed enzymes significantly impact the growth of the livestock industry, there are physiological limits imposed by the conditions to enzyme responses in the digestive tract of livestock. Excessive levels of feed enzymes could affect the levels of endogenous enzymes in the gastrointestinal tract, with adverse effects on health. Variations in the level of this effect depend on many factors, such as age, type of diet, and enzyme inclusion rates in feed products. Feed enzymes may trigger several side effects, including vomiting, gas, diarrhea, and swelling of the legs and feet. In addition, some animals may experience allergic reactions to digestive enzymes. For instance, Bromelain, the enzyme from pineapple, has anti-platelet properties. If this enzyme is fed to livestock in excessive quantities along with feed, it could increase the risk of bleeding as acts as a blood thinner.

Market Segmentation

Phytase reduces phosphorous pollution, thus driving the segment growth

Phytase is the dominating enzyme type. It works by releasing some of the nondigestible phosphorus and other nutrients found in commonly used feed ingredients and making the nutrients available for productive purposes. Phytase is a proven technology used to reduce feed cost by reducing inorganic phosphorus supplementation and has the added benefit of decreasing phosphorus excretion in manure. Legislation to decrease phosphorus pollution in some countries has contributed to the increased usage of phytase.

Carbohydrase is expected to grow with a CAGR of YY% during the forecast period. Carbohydrase, are preferred by most animal feed manufacturers and livestock producers to be used as an enzyme. Thus, the segment is estimated to be the fastest-growing in the feed enzymes market during the forecast period. The inclusion of carbohydrase in the feed offers many advantages to the livestock. Monogastric animals are typically able to digest around 90% of available starch, but carbohydrase helps them improve this percentage. Carbohydrase enzymes are also very effective in increasing the amount of energy made available from feed ingredients.

Geographical Penetration

Asia Pacific feed enzymes market is expected to register highest CAGR

The large population, high demand for animal produce and presence of large animal growing industry made China and India as the largest markets for feed enzymes. The large market in these countries is the primary factor for Asia-Pacific remaining as the largest market in the world. In these two major economies, there are an estimated 7,200 feed mills producing nearly 227 million metric ton of compound feed. China contributes to almost 18% of the global compound feed production. According to statistics of 2018, the pig and poultry feed production in China accounted for 33.5 percent and 50.6 percent of total feed production, respectively. Also, China consumers 28% of the world’s meat which makes it the largest producer of animal source protein and hence largest consumer of animal feed enzymes. The higher demand and production of compound feed in the countries are expected to provide impetus to the feed enzymes market in the Asia-Pacific region.

 

Source: DataM Intelligence Analysis (2021)

Competitive Landscape

Many domestic and global players provide feed enzymes to improve animal health and performance. Major manufacturers have their presence in the European and Asian countries. Some of the key players in this market are Cargill, Incorporated, BASF SE, DuPont, Bluestar Adisseo Co., Ltd., Koninklijke DSM NV and Kemin Industries, Inc.  Various strategies, such as expansions, mergers & acquisitions, and new product launches, were adopted by the key companies to remain competitive in the market. For instance, in September 2019, DuPont Animal Nutrition launched its Axtra PHY, the latest generation of Phytase Enzyme in Japan, in order to improve animal performance and reduce phosphorus waste. In January 2020, Nutrex BE invested in a completely new base of operations in Olen that will house their new headquarters, innovation center and state‑of‑the‑art production facilities. The investment in Olen is needed to develop and produce new products and further expand production capacity.

COVID-19 Impact: Pandemic had a positive impact on global feed enzymes market

The COVID-19 pandemic is expected to impact the feed enzyme industry positively. The entire supply chain is disrupted due to a limited supply of enzymes. Even though the demand for feed has been relatively stable, the supply has been significantly impacted by the COVID-19 pandemic. The movement restrictions and illnesses are resulting in labor shortages and reduced supply of raw materials. The disruption in supply routes has further led to delays in feed supply.

However, the demand for feed enzymes in the livestock industry has likely increased in the first and second quarters of the year 2020 as many farmers resorted to panic buying of feed additives in anticipation of potential shortages. Several concerns, such as international trade barriers, closure of restaurants, hotels, live animal markets, supply chain hindrances, consumption patterns of livestock-based products, have encouraged breeders to stock their feed supplies and feed enzymes. This has led to an increase in demand for feed enzymes during the first week of April 2020.

Why Purchase the Report?

  • Understand the current market scenario and viability of global feed enzymes over the forecast period
  • Visualize the composition of the global feed enzymes Market in terms of type, livestock and product form to identify major players, growth potential, and market strategies
  • Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
  • Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining in the market

What we offer?

  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
  • Excel data sheet with valuable data points of the global feed enzymes market – Regional and Country level segmentation
  • Product mapping in excel for the key products of all major market players
  • Market Share Analysis covering business revenues ($) and revenue share (%) of key market players

Target Audience:

  • Poultry Farmers
  • Animal Feed Producers
  • Import and Export Companies
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals

Table of Contents

  1. Global Feed Enzymes Market -Scope and Methodology

    1. Research Methodology
    2. Scope of the Market
  2. Global Feed Enzymes Market -Key Trends and Developments

  3. Global Feed Enzymes Market – Executive Summary

    1. Market Snippet by Type
    2. Market Snippet by Product Form
    3. Market Snippet by Livestock
    4. Market Snippet by Region
  4. Global Feed Enzymes Market – Market Dynamics

    1. Market impacting factors
      1. Drivers
      2. Restraints
      3. Opportunities
    2. Impact analysis
  5. Global Feed Enzymes Market – Industry Analysis

    1. Porter's five forces analysis
    2. Supply chain analysis
    3. Patent Analysis
    4. Regulatory Analysis
  6. Global Feed Enzymes Market – COVID-19 Analysis

    1. Analysis of COVID-19 on the market
      1. Before COVID-19 Market Scenario
      2. Present COVID-19 Market Scenario
      3. After COVID-19 or Future Scenario
    2. Pricing Dynamics Amid Covid-19
    3. Demand-Supply Spectrum
    4. Government Initiatives Related to the Market During Pandemic
    5. Manufacturers Strategic Initiatives
  7. Global Feed Enzymes Market – By Type

    1. Introduction
      1. Market size analysis, and y-o-y growth analysis (%), By Type Segment
      2. Market attractiveness index, By Type Segment
    2. Phytase*
      1. Introduction
      2. Market Size Analysis, US$ Million, 2019-2028 And Y-O-Y Growth Analysis (%), 2020-2028    
    3. Carbohydrase
    4. Protease
    5. Others
  8. Global Feed Enzymes Market – By Product Form

    1. Introduction
      1. Market size analysis, and y-o-y growth analysis (%), By Product Form Segment
      2. Market attractiveness index, By Product Form Segment
    2. Liquid*
      1. Introduction
      2. Market Size Analysis, US$ Million, 2019-2028 And Y-O-Y Growth Analysis (%), 2020-2028    
    3. Dry
  9. Global Feed Enzymes Market – By Livestock                                             

    1. Introduction
      1. Market size analysis, and y-o-y growth analysis (%), By Livestock Segment
      2. Market attractiveness index, By Livestock Segment
    2. Swine*
      1. Introduction
      2. Market Size Analysis, US$ Million, 2019-2028 And Y-O-Y Growth Analysis (%), 2020-2028    
    3. Poultry
    4. Ruminants
    5. Aquaculture
    6. Others
  10. Global Feed Enzymes Market – By Region

    1. Introduction
      1. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Region
      2. Market Attractiveness Index, By Region
    2. North America
      1. Introduction
      2. Key region-specific dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Type
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Product Form
      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Livestock
      6. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
        1. U.S.
        2. Canada
        3. Mexico
    3. South America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Type
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Product Form
      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Livestock
      6. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    4. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Type
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Product Form
      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Livestock
      6. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
        1. Germany
        2. U.K.
        3. France
        4. Italy
        5. Rest of Europe
    5. Asia Pacific
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Type
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Product Form
      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Livestock
      6. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
        1. China
        2. India
        3. Japan
        4. Australia
        5. Rest of Asia Pacific
    6. Middle East and Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Type
      4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Product Form
      5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Livestock
  11. Global Feed Enzymes Market – Competitive Landscape

    1. Competitive scenario
    2. Competitor strategy analysis
    3. Market positioning/share analysis
    4. Mergers and acquisitions analysis
  12. Company Profiles

    1. Cargill Inc.*
      1. Company Overview
      2. Product Portfolio and Description
      3. Key Highlights
      4. Financial Overview
    2. BASF BE
    3. DuPont
    4. Adisseo
    5. Koninklijke DSM NV
    6. Alltech Inc.
    7. Kemin Industries Inc.
    8. Novus International Inc.
    9. Bluestar Addisseo
    10. Nutrex BE
  13. Global Feed Enzymes Market – Premium Insights

  14. Global Feed Enzymes Market – DataM

    1. Appendix
    2. About us and services
    3. Contact us

List of Tables & Figures

List of Tables

Table 1        Global Feed Enzymes Market Value, By Type, 2020, 2024 & 2028 ($ Million)

Table 2        Global Feed Enzymes Market Value, By Product Form, 2020, 2024 & 2028 ($ Million)

Table 3        Global Feed Enzymes Market Value, By Livestock, 2020, 2024 & 2028 ($ Million)

Table 4        Global Feed Enzymes Market Value, By Region, 2020, 2024 & 2028 ($ Million)

Table 5        Global Feed Enzymes Market Value, By Type, 2020, 2024 & 2028 ($ Million)

Table 6        Global Feed Enzymes Market Value, By Type, 2019-2028 ($ Million)

Table 7        Global Feed Enzymes Market Value, By Product Form, 2020, 2024 & 2028 ($ Million)

Table 8        Global Feed Enzymes Market Value, By Product Form, 2019-2028 ($ Million)

Table 9        Global Feed Enzymes Market Value, By Livestock, 2020, 2024 & 2028 ($ Million)

Table 10      Global Feed Enzymes Market Value, By Livestock, 2019-2028 ($ Million)

Table 11       Global Feed Enzymes Market Value, By Region, 2020, 2024 & 2028 ($ Million)

Table 12      Global Feed Enzymes Market Value, By Region, 2019-2028 ($ Million)

Table 13      North America Feed Enzymes Market Value, By Type, 2019-2028 ($ Million)

Table 14      North America Feed Enzymes Market Value, By Product Form, 2019-2028 ($ Million)

Table 15      North America Feed Enzymes Market Value, By Livestock, 2019-2028 ($ Million)

Table 16      North America Feed Enzymes Market Value, By Country, 2019-2028 ($ Million)

Table 17      South America Feed Enzymes Market Value, By Type, 2019-2028 ($ Million)

Table 18      South America Feed Enzymes Market Value, By Product Form, 2019-2028 ($ Million)

Table 19      South America Feed Enzymes Market Value, By Livestock, 2019-2028 ($ Million)

Table 20      South America Feed Enzymes Market Value, By Country, 2019-2028 ($ Million)

Table 21      Europe Feed Enzymes Market Value, By Type, 2019-2028 ($ Million)

Table 22      Europe Feed Enzymes Market Value, By Product Form, 2019-2028 ($ Million)

Table 23      Europe Feed Enzymes Market Value, By Livestock, 2019-2028 ($ Million)

Table 24      Europe Feed Enzymes Market Value, By Country, 2019-2028 ($ Million)

Table 25      Asia-Pacific Feed Enzymes Market Value, By Type, 2019-2028 ($ Million)

Table 26      Asia-Pacific Feed Enzymes Market Value, By Product Form, 2019-2028 ($ Million)

Table 27      Asia-Pacific Feed Enzymes Market Value, By Livestock, 2019-2028 ($ Million)

Table 28      Asia-Pacific Feed Enzymes Market Value, By Country, 2019-2028 ($ Million)

Table 29      Middle East & Africa Feed Enzymes Market Value, By Type, 2019-2028 ($ Million)

Table 30      Middle East & Africa Feed Enzymes Market Value, By Product Form, 2019-2028 ($ Million)

Table 31      Middle East & Africa Feed Enzymes Market Value, By Livestock, 2019-2028 ($ Million)

Table 32      Cargill Inc.: Overview

Table 33      Cargill Inc.: Product Portfolio

Table 34      Cargill Inc.: Key Developments

Table 35      BASF BE: Overview

Table 36      BASF BE: Product Portfolio

Table 37      BASF BE: Key Developments

Table 38      DuPont : Overview

Table 39      DuPont : Product Portfolio

Table 40      DuPont : Key Developments

Table 41      Adisseo: Overview

Table 42      Adisseo: Product Portfolio

Table 43      Adisseo: Key Developments

Table 44      Koninklijke DSM NV: Overview

Table 45      Koninklijke DSM NV: Product Portfolio

Table 46      Koninklijke DSM NV: Key Developments

Table 47      Alltech Inc.: Overview

Table 48      Alltech Inc.: Product Portfolio

Table 49      Alltech Inc.: Key Developments

Table 50      Kemin Industries Inc.: Overview

Table 51      Kemin Industries Inc.: Product Portfolio

Table 52      Kemin Industries Inc.: Key Developments

Table 53      Novus International Inc. : Overview

Table 54      Novus International Inc. : Product Portfolio

Table 55      Novus International Inc. : Key Developments

Table 56      Bluestar Addisseo: Overview

Table 57      Bluestar Addisseo: Product Portfolio

Table 58      Bluestar Addisseo: Key Developments

Table 59      Nutrex BE: Overview

Table 60      Nutrex BE: Product Portfolio

Table 61      Nutrex BE: Key Developments

LIST OF FIGURES

Figure 1      Global Feed Enzymes Market Share, By Type, 2020 & 2028 (%)

Figure 2      Global Feed Enzymes Market Share, By Product Form, 2020 & 2028 (%)

Figure 3      Global Feed Enzymes Market Share, By Livestock, 2020 & 2028 (%)

Figure 4      Global Feed Enzymes Market Share, By Region, 2020 & 2028 (%)

Figure 5      Global Feed Enzymes Market Value, 2019-2028 ($ Million)

Figure 6      Global Feed Enzymes Market Y-o-Y Growth, By Type, 2020-2028 (%)

Figure 7      Phytase: Global Feed Enzymes Market Value, 2019-2028 ($ Million)

Figure 8     Carbohydrase: Global Feed Enzymes Market Value, 2019-2028 ($ Million)

Figure 9      Protease: Global Feed Enzymes Market Value, 2019-2028 ($ Million)

Figure 10    Others: Global Feed Enzymes Market Value, 2019-2028 ($ Million)

Figure 11    Global Feed Enzymes Market Y-o-Y Growth, By Product Form, 2020-2028 (%)

Figure 12    Liquid: Global Feed Enzymes Market Value, 2019-2028 ($ Million)

Figure 13    Dry: Global Feed Enzymes Market Value, 2019-2028 ($ Million)

Figure 14    Global Feed Enzymes Market Y-o-Y Growth, By Livestock, 2020-2028 (%)

Figure 15    Swine: Global Feed Enzymes Market Value, 2019-2028 ($ Million)

Figure 16    Poultry: Global Feed Enzymes Market Value, 2019-2028 ($ Million)

Figure 17    Ruminants: Global Feed Enzymes Market Value, 2019-2028 ($ Million)

Figure 18    Aquaculture: Global Feed Enzymes Market Value, 2019-2028 ($ Million)

Figure 19    Others: Global Feed Enzymes Market Value, 2019-2028 ($ Million)

Figure 20   Global Feed Enzymes Market Y-o-Y Growth, By Region, 2020-2028 (%)

Figure 21    North America Feed Enzymes Market Value, 2019-2028 ($ Million)

Figure 22   North America Feed Enzymes Market Share, By Type, 2020 & 2028 (%)

Figure 23   North America Feed Enzymes Market Share, By Product Form, 2020 & 2028 (%)

Figure 24   North America Feed Enzymes Market Share, By Livestock, 2020 & 2028 (%)

Figure 25   North America Feed Enzymes Market Share, By Country, 2020 & 2028 (%)

Figure 26   South America Feed Enzymes Market Value, 2019-2028 ($ Million)

Figure 27    South America Feed Enzymes Market Share, By Type, 2020 & 2028 (%)

Figure 28   South America Feed Enzymes Market Share, By Product Form, 2020 & 2028 (%)

Figure 29   South America Feed Enzymes Market Share, By Livestock, 2020 & 2028 (%)

Figure 30   South America Feed Enzymes Market Share, By Country, 2020 & 2028 (%)

Figure 31    Europe Feed Enzymes Market Value, 2019-2028 ($ Million)

Figure 32   Europe Feed Enzymes Market Share, By Type, 2020 & 2028 (%)

Figure 33   Europe Feed Enzymes Market Share, By Product Form, 2020 & 2028 (%)

Figure 34   Europe Feed Enzymes Market Share, By Livestock, 2020 & 2028 (%)

Figure 35   Europe Feed Enzymes Market Share, By Country, 2020 & 2028 (%)

Figure 36   Asia-Pacific Feed Enzymes Market Value, 2019-2028 ($ Million)

Figure 37    Asia-Pacific Feed Enzymes Market Share, By Type, 2020 & 2028 (%)

Figure 38   Asia-Pacific Feed Enzymes Market Share, By Product Form, 2020 & 2028 (%)

Figure 39   Asia-Pacific Feed Enzymes Market Share, By Livestock, 2020 & 2028 (%)

Figure 40   Asia-Pacific Feed Enzymes Market Share, By Country, 2020 & 2028 (%)

Figure 41    Middle East & Africa Feed Enzymes Market Value, 2019-2028 ($ Million)

Figure 42   Middle East & Africa Feed Enzymes Market Share, By Type, 2020 & 2028 (%)

Figure 43   Middle East & Africa Feed Enzymes Market Share, By Product Form, 2020 & 2028 (%)

Figure 44   Middle East & Africa Feed Enzymes Market Share, By Livestock, 2020 & 2028 (%)

Figure 45   Cargill Inc.: Financials

Figure 46   BASF BE: Financials

Figure 47    DuPont : Financials

Figure 48   Adisseo: Financials

Figure 49   Koninklijke DSM NV: Financials

Figure 50   Alltech Inc.: Financials

Figure 51    Kemin Industries Inc.: Financials

Figure 52   Novus International Inc. : Financials

Figure 53   Bluestar Addisseo: Financials

Figure 54   Nutrex BE: Financials

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