Reports
Global Feed Enzymes Market: Regional Analysis; Key Segmentation and Scope; Industry Opportunities and Challenges; Market Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Value Chain Analysis; Manufacturing Process; Industry Events and Developments; Price Analysis; Competitive Landscape, 2024-2032
Feed Enzymes Industry Report by Regional Category Spend, Price Analysis, Key Demand and Price Indicators, and Best Buying Practices
The global Feed Enzymes market reached a value of about USD 8170 million in 2021. The industry is projected to grow at a CAGR of around 7% in the forecast period of 2022-2027 to reach a value of about USD 12240 million by 2027.
The global Feed Enzymes industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The industry is being driven due to the rising demand for feed enzymes to enhance animal health. The Asia Pacific is the highest category spender by region, driving the feed-enzymes industry's need.
Industry Definition and Segmentation
Enzymes are naturally emerging proteins that are created by the digestive process. They are used to increase the nutritional qualities of animal feed and improve the quality of animal nutrition. Natural proteins released by animals as part of the feed digestion process are enzymes. These enzymes not only aid in the digestion of livestock animals but also increase the nutritional content of the feed, resulting in better energy and nutrient utilisation. The Feed Enzymes industry report comprises segments by Type (Phytase, Protease, Carbohydrase, Others), Application (Ruminants, Poultry, Swine, Aquaculture), Form (Dry Form, Liquid Form) and Region (North America, Europe, Asia Pacific, the Middle East, and Africa, and South America).
The Asia Pacific Region is Driving the Growth of the Industry
The Asia Pacific holds a significant share in the industry, with China, India, and Japan as the region's top manufacturers. The area is witnessing expansion due to expanding population, increased spending power among consumers, and a shift in lifestyle and eating habits. The growing demand for chicken and pork in countries like China and India is furthering the market growth. The region's growing requirement for food security, which has resulted in significant expenditures in industry research and development paired with the changes in farming techniques across the area, is furthering the industry's expansion.
The need for improved cattle performance drives the industry by boosting and raising the animals' immunity. Feed enzymes assist minimise environmental pollution by reducing waste and feed management costs by enhancing the digestive health of the animals. The feed enzymes supplement the enzymes already generated by young animals with still-developing digestive tracts. The most common enzymes used as animal feed additives are carbohydrase and protease. Feed enzymes improve feed nutrition by adding fibre, vitamins, minerals, and other essential components to animal feed that must be appropriately digested to be helpful to the animal and meat producers. They're used in agriculture, cattle, and aquaculture, among other things, propelling the industry forward. Furthermore, in the upcoming years, the development in phytase production processes will create further potential chances for the feed enzymes industry.
However, the need for R&D investments and enzyme development and production skills to generate high-quality feed enzymes at internationally competitive rates is likely to act as a market restraint.
Best Procurement Practices
The global Feed Enzymes industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Feed Enzymes regions, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.
Category Management Studies
Submerged liquid fermentation (SLF) processes create most enzymes from microbial sources. The animal feed and fuel ethanol sectors benefit from enzymes manufactured employing solid-state fermentation technology. An unprocessed agricultural product that can be dried, powdered, and fed to the animal is used as the medium. Because of the nature of the substrate, a variety of extra side activities are formed, which boost the performance of enzyme preparations made with SSF technology. The evolution of organisms has been another remarkable component of SSF. The microorganisms utilised are mostly fungal species that have not been genetically changed. As a result of these advantages, SSF facilities for the industrial synthesis of enzymes have been developed. It will be explored how SSF technology may be used to commercialise enzyme synthesis.
Expanding Meat Sector, Further Augmenting the Feed Enzymes Market
The expanding global meat business is aiding the industry due to increased meat consumption, thus driving the market's growth. There has been an upsurge in demand for poultry worldwide, and feed enzymes assist poultry birds in developing faster and having a more robust immune system. The industry has also benefited from an increase in the number of farm animals due to increased demand for animal proteins. People are also increasingly favouring the use of feed enzymes because of their additional health advantages, which minimise the risk of animal metabolic problems, as well as their long-term environmental benefits.
The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.
Key Industry Players Mentioned in the Feed Enzymes Industry Report
- Novozymes A/S
- Koninklijke DSM N.V.
- Nutrition and Bioscience group of companies (International Flavors & Fragrances Inc.)
- Archer Daniels Midland Company
- BASF SE
Market Landscape
Feed enzymes are provided by a variety of domestic and international companies to improve animal health and performance. The significant players employ various methods to stay competitive in this industry, including expansions, mergers and acquisitions, new product releases and R&D expenditures.
Key Initiatives by Companies
- Danisco Animal Nutrition announced the extension of Axtra PHY GOLD, the industry-leading new phytase enzyme, in Malaysia, Thailand, and Australia in July 2021. In the year 2020, Axtra® PHY GOLD made its debut in India.
- To meet the increased demand for enzyme additions in the animal feed industry, Kemin Industries Inc. extended its manufacturing facilities in India, located in the SIPCOT industrial complex, in March 2019.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Feed Enzymes Market Analysis
8.1 Key Industry Highlights
8.2 Global Feed Enzymes Historical Market (2017-2021)
8.3 Global Feed Enzymes Market Forecast (2022-2027)
8.4 Global Feed Enzymes Market by Type
8.4.1 Phytase
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Protease
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Carbohydrase
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.4.4 Others
8.5 Global Feed Enzymes Market by Application
8.5.1 Ruminants
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Poultry
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Swine
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-2027)
8.5.4 Aquaculture
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2017-2021)
8.5.4.3 Forecast Trend (2022-2027)
8.6 Global Feed Enzymes Market by Form
8.6.1 Dry
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Liquid
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.7 Global Feed Enzymes Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 North America Historical Price Trends (2017-2021) and Forecast (2022-2027)
12.1.1 Phytase
12.1.2 Protease
12.1.3 Carbohydrase
12.2 Europe Historical Price Trends (2017-2021) and Forecast (2022-2027)
12.2.1 Phytase
12.2.2 Protease
12.2.3 Carbohydrase
12.3 Asia Pacific Historical Price Trends (2017-2021) and Forecast (2022-2027)
12.3.1 Phytase
12.3.2 Protease
12.3.3 Carbohydrase
12.4 Latin America Historical Price Trends (2017-2021) and Forecast (2022-2027)
12.4.1 Phytase
12.4.2 Protease
12.4.3 Carbohydrase
12.5 Middle East and Africa Historical Price Trends (2017-2021) and Forecast (2022-2027)
12.5.1 Phytase
12.5.2 Protease
12.5.3 Carbohydrase
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Novozymes A/S
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Koninklijke DSM N.V.
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Nutrition and Bioscience group of companies (International Flavors & Fragrances Inc.)
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Archer Daniels Midland Company
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 BASF SE
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 NOVUS INTERNATIONAL
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 BioResource International, Inc.
13.2.7.1 Company Overview
13.2.7.2 Product Portfolio
13.2.7.3 Demographic Reach and Achievements
13.2.7.4 Certifications
13.2.8 BIOPROTON
13.2.8.1 Company Overview
13.2.8.2 Product Portfolio
13.2.8.3 Demographic Reach and Achievements
13.2.8.4 Certifications
13.2.9 AVEVE Biochem NV
13.2.9.1 Company Overview
13.2.9.2 Product Portfolio
13.2.9.3 Demographic Reach and Achievements
13.2.9.4 Certifications
13.2.10 VEMO 99 Ltd.
13.2.10.1 Company Overview
13.2.10.2 Product Portfolio
13.2.10.3 Demographic Reach and Achievements
13.2.10.4 Certifications
13.2.11 Palital Feed Additives B.V.
13.2.11.1 Company Overview
13.2.11.2 Product Portfolio
13.2.11.3 Demographic Reach and Achievements
13.2.11.4 Certifications
13.2.12 Bioseutica BV
13.2.12.1 Company Overview
13.2.12.2 Product Portfolio
13.2.12.3 Demographic Reach and Achievements
13.2.12.4 Certifications
13.2.13 AB Enzymes GmbH
13.2.13.1 Company Overview
13.2.13.2 Product Portfolio
13.2.13.3 Demographic Reach and Achievements
13.2.13.4 Certifications
13.2.14 Others
14 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
The global Feed Enzymes market size was valued at USD 8170 million in 2021.
In the forecast period of 2022-2027, the market is projected to grow at a CAGR of 7%.
The significant demand for increasing feed nutrition is one of the essential drivers of the Feed Enzymes market growth.
Novozymes Inc., Koninklijke DSM N.V., Nutrition and Bioscience group of companies (International Flavors & Fragrances Inc.), Archer Daniels Midland Company, and BASF SE are some of the key companies in the market.
The Feed Enzymes industry's Asia Pacific region holds the market's significant share.
The global Feed Enzymes market attained a value of USD 8170 million in 2021, driven by the need for improved cattle performance by boosting and raising animal immunity. Aided by the expanding global meat business due to an increase in meat consumption, an increase in demand for poultry throughout the world, and an increase in the number of farm animals as a result of increased demand for animal proteins, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 7%. The market is projected to reach USD 12240 million by 2027. Some of the leading players in the industry are Novozymes Inc., Koninklijke DSM N.V., Nutrition and Bioscience group of companies (International Flavors & Fragrances Inc.), Archer Daniels Midland Company, BASF SE.
Procurement Resources' detailed research approach explores deep into the industry, encompassing the macro and micro aspects of the industry. Its team of experts uses a combination of cutting-edge analytical tools and their expertise, thus, delivering its customers with market insights that are accurate and actionable and help them remain ahead of their competition.
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