Europe Feed Enzymes Market Analysis, Share & Forecast [2031]
Europe Feed Enzymes Market Analysis, Share & Forecast [2031]
Segments - Europe Feed Enzymes Market by Animal Types (Swine, Ruminants, Poultry and Others), type (Carbohydrase, Phytases, and Others), and Region - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 - 2031
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| Report ID :HC-3326
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Report Description
Europe Feed Enzymes Market Outlook 2031:
The Europe feed enzymes market size was valued at USD 34.12 Billion in 2022 and is projected to reach USD 58.63 Billion by 2031, expanding at a CAGR of 6.2% during the forecast period 2023 - 2031. The growth of the market is attributed to shifting consumption behavior and lifestyles.
Growing consumer concern about animal welfare and recognition of alternative source-based animal feed are driving the industry's growth. The growing popularity of meat and meat products is boosting interest in animal feed enzymes.
Every livestock producer's first objective is to reduce feed expenses per animal. The ability to increase feed digestibility is mostly determined by the nutritional content of the diet. It has been demonstrated that feed can explain for up to 90% of the variation in enzyme reaction.
Dietary nutrient density and production costs can both be improved by enhancing digestibility. Feed enzymes are used to maintain animal performance while lowering feed costs by assessing the total effect of enzymes on the indigestible food portion.
Antibiotics as growth promoters have been banned inside the Eu Countries and which has aided the expansion of the feed enzymes industry as customers increasingly use these enzymes as antibiotic substitutes. People are also increasingly favoring the use of feed enzymes because of their additional health advantages, which minimize the risk of metabolic problems in animals, as well as their long-term environmental benefits.
The European Parliament's Regulation (EC) No. 1831/2003 creates a common process for the use of feed additives and the monitoring of labelling of feed additives and premixtures. The legislation also establishes a framework for ensuring animal, human, and environmental welfare when it comes to feed additives.
Russia has the greatest consumption of chicken meat, according to the Organization for Economic Co-operation and Development (OECD). In 2016, 29.5 kilograms of chicken meat were consumed, which has climbed to 31.7 kilograms in 2019. Given the rising meat consumption trend, there will be a need for more meat production, which will increase demand for feed additives, which will drive the market for feed enzymes.
COVID-19 pandemic is predicted to have a moderate impact on the feed enzyme sector. Due to a shortage of enzymes, the whole supply chain is interrupted. Despite the fact that feed demand has been largely consistent, the COVID-19 outbreak has had a substantial influence on supply. Labor shortages and a reduction in the availability of raw materials are the result of mobility restrictions and diseases. Feed delivery has been delayed as a result of the disturbance in supply lines.
Feed Enzymes Market Trends, Drivers, Restraints, and Opportunities
- Increasing consumption of dairy products is expected to push the market in the coming years.
- Rise of the urban middle class has coincided with a move away from a grain-based diet are projected to boost the market during the forecast period.
- Growing instances of various livestock diseases such as avian influenza, swine flu, and food & mouth diseases are key factors driving the market in the coming years.
- Increasing demand for meat products, and scientifically confirmed benefits of additives are estimated to push the market.
- Government regulations and ban for feed additives have a positive impact on enzyme sales.
- New advanced feed machinery technologies are anticipated to drive the demand for premium packaging.
- Feed enzyme can also have some side effect on animals such as vomiting, diarrhea, gas and others act as key factors hamper the market growth during the forecast period.
- High R&D cost on development and manufacturing of enzyme is expected to restrict the growth of the market.
- Innovative technologies to enhance feed enzyme utilization is expected to create lucrative opportunities for the market players
Scope of the Feed Enzymes Market Report
The report on the Europe feed enzymes market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Europe Feed Enzymes Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Animal Types (Swine, Ruminants, Poultry and Others), Types (Carbohydrase, Phytases, and Others) |
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Regional Scope |
Europe |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
DSM; Amano Enzyme Inc; Adisseo; Chr. Hansen Holding A/S.; Dupont; Bioseutica |
China Feed Additives Market Segment Insights
The swine segment is projected to represent a large market share
Based on animal types, the Europe feed enzymes market is divided into swine, ruminants, poultry and others. The swine segment is expected to represent a key share of the market during the forecast period owing to in regard to swine animals are unable to fully use all components of their food, enzymes such as carbohydrase, protease, and phytase can be given to the feed to aid in the breakdown of complex carbohydrates, protein, and phytate.
The carbohydrase segment is anticipated to expand at a substantial CAGR
On the basis of types, the Europe feed enzymes market is segregated into carbohydrase, phytases, and others. The carbohydrase segment is expected to constitute a key share of the market during the forecast period owing to raise the amount of energy available to an animal for muscular development and growth.
Segments
The Europe feed enzymes market has been segmented on the basis of
Animal Types
- Swine
- Ruminants
- Poultry
- Others
Types
- Carbohydrase
- Phytases
- Others
Region
- Europe
Key Players
Competitive Landscape
Key players competing in the Europe feed enzymes market include DSM; Amano Enzyme Inc; Adisseo; Chr. Hansen Holding A/S.; Dupont; Bioseutica.
Some of these players are coming up with several markets strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Feed Enzymes Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Feed Enzymes Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Feed Enzymes Market - Supply Chain
4.5. Global Feed Enzymes Market Forecast
4.5.1. Feed Enzymes Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Feed Enzymes Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Feed Enzymes Market Absolute $ Opportunity
5. Global Feed Enzymes Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Feed Enzymes Market Size and Volume Forecast by Types
5.3.1. Carbohydrase
5.3.2. Phytases
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Feed Enzymes Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Feed Enzymes Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Feed Enzymes Demand Share Forecast, 2019-2026
7. North America Feed Enzymes Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Feed Enzymes Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Feed Enzymes Market Size and Volume Forecast by Types
7.4.1. Carbohydrase
7.4.2. Phytases
7.4.3. Others
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Feed Enzymes Demand Share Forecast, 2019-2026
8. Latin America Feed Enzymes Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Feed Enzymes Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Feed Enzymes Market Size and Volume Forecast by Types
8.4.1. Carbohydrase
8.4.2. Phytases
8.4.3. Others
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Feed Enzymes Demand Share Forecast, 2019-2026
9. Europe Feed Enzymes Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Feed Enzymes Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Feed Enzymes Market Size and Volume Forecast by Types
9.4.1. Carbohydrase
9.4.2. Phytases
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Feed Enzymes Demand Share Forecast, 2019-2026
10. Asia Pacific Feed Enzymes Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Feed Enzymes Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Feed Enzymes Market Size and Volume Forecast by Types
10.4.1. Carbohydrase
10.4.2. Phytases
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Feed Enzymes Demand Share Forecast, 2019-2026
11. Middle East & Africa Feed Enzymes Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Feed Enzymes Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Feed Enzymes Market Size and Volume Forecast by Types
11.4.1. Carbohydrase
11.4.2. Phytases
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Feed Enzymes Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Feed Enzymes Market: Market Share Analysis
12.2. Feed Enzymes Distributors and Customers
12.3. Feed Enzymes Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. DSM
12.4.2. Amano Enzyme Inc
12.4.3. Adisseo
12.4.4. Chr. Hansen Holding A/S.
12.4.5. Dupont
12.4.6. Bioseutica
Methodology
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