The global feed enzymes market size is estimated to grow to USD 1.2 billion in 2023 and is projected to reach USD 1.8 billion by 2033. The market is expected to record a CAGR of 4.4% during the forecast period.
The Feed Enzymes Market is a rapidly growing sector within the global animal feed industry, driven by increasing demand for efficient and sustainable livestock production. Feed enzymes are additives that enhance nutrient absorption, improve digestion, and reduce environmental impact by minimizing waste. They are widely used in poultry, swine, ruminants, aquaculture, and other livestock feeds to optimize feed utilization and performance.
In the Face of Antibiotics Ban, Feed Enzymes Emerge as Lucrative Alternative
Several developed markets have banned the use of antibiotics for livestock. As a result, feed enzymes have emerged as an alternative. Since they pose few side effects when properly used, they aid in digestion and immune boosting. Hence, a significant segment has started preferring immune-boosting feed enzymes over conventional antibiotics.
Possible Side-Effects of Feed Enzymes, Major Hurdle to Market Growth
The vast array of benefits that can be reaped through feed enzymes is limited by physiological factors impeding enzyme action. Moreover, feeding enzymes to livestock over the prescribed limits could have undesirable consequences. The level of the enzyme to be administered to an animal depends on various factors such as age, size, breed, and such. The same can only be determined by an experienced professional such as a veterinarian. Certain enzymes when consumed improperly can cause blood thinness, diarrhea, and vomiting in animals
Download the full report for in-depth insights. https://www.futuremarketinsights.com/reports/feed-enzymes-market
Key Players Keen to Cater to Niche Markets
Since feed enzymes are increasingly being preferred over antibiotics, key players are aiming to boost production efficiency. Different livestock animals have different feed enzyme requirements depending on their characteristics. Hence, key players need to develop unique product variants to cater to the livestock market. The current forecast period is already witnessing the launch of diverse product lines, by top manufacturers such as DSM and ADM.
Key Takeaways from the Report:
- In terms of revenue, the Feed enzymes market grew at a CAGR of around 4.8% during 2017 and 2022.
- During the forecast period, the Chinese market is projected to grow at a CAGR of 4.3% to attain a valuation of US$ 178.4 million by 2033.
- The Indian industry is projected to expand at a CAGR of 4.3% between 2023 and 2033 to attain a valuation of US$ 80.4 million.
- The U.S. market is anticipated to grow at a CAGR of 4.5% during the forecast period.
- The Carbohydrase segment is expected to grow at a CAGR of 3.8% between 2023 to 2033.
Key Market Developments:
- Danisco Animal Nutrition recently launched the Extra PHY GOLD, a new variant of phytase enzyme.
- The second generation of ProAct 360, which is a protease enzyme, was released by the DSM in collaboration with Novozymes Feed Enzymes Alliance.
- ADM is all geared up to launch new R&D labs in the United States. These focus on developing sustainable variants of feed enzymes.
- CapriEnzymes is an Indian startup that harnesses biotechnology to produce innovative enzyme variants.
- BRI is a startup primarily focusing on the research and development of sustainable feed enzyme additives.
Key Players:
- BASF SE
- DuPont
- Associated British Foods Plc
- BEHN MEYER
- DSM
- Azelis S.A.
- Rossari
- BIO-CAT
- BEC Feed Solutions
- Adisseo
- Bioproton Pty Ltd.
- Novus International
- BioResource International, Inc.,
- Alltech
- Lesaffre
- Karyotica Biologicals Pvt Ltd.
- Aum Enzymes
- Biovet
- Chr. Hansen Holding A/S
- CapriEnzymes
- Advanced Enzyme Technologies
Feed Enzymes Market Segmentation
By Form:
- Dry
- Liquid
By Product:
- Phytase
- Carbohydrase
- Protease
By Source:
- Microorganisms
- Plants
- Animals
By Animal:
- Poultry
- Ruminants
- Swine
- Aquatic Animals
- Others (Equine & Pets)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube