Feed Enzymes Market Size, Share, Growth & Forecast 2030

Report Description

Global feed enzymes market size is projected to register a significant CAGR of 7.3% during the forecast period, 2021-2028. The growth of the market is attributed to increasing number of feed mills.

Natural proteins released by all animals as part of the feed digesting process are known as enzymes. To digest carbohydrates, lipids, proteins, and other mineral complexes, the body produces and secretes enzymes. Commercial enzymes, also known as exogenous enzymes, are used to help the body's natural digesting process.

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Farmers, compound feed makers, integrators, animals, and the aquaculture industry are the end users of feed enzymes. Feed enzymes are used in animal nutrition to promote energy and nutrient utilization, as well as to breakdown undesirable components. The use of enzymes increases the profitability of livestock farmers while also lowering pollution levels.

Covid-19 pandemic has disrupted the supply chain of feed enzyme market, resulting in shortage. It has had a minor impact on the market for feed enzymes. Governments enacted stay-at-home order; many farmers resorted to panic purchase of animal feed in preparation for possible shortages. Farmers were forced to stock their animal feed supplies due to a number of factors, including truck constraints, limited delivery, and staff contracting.

Market Trends, Drivers, Restraints, and Opportunities

• Increasing demand for feed production, especially for the pig & broiler industries, and dairy industry, this is projected to drive the market.
• Favorable government rules/polices support to increase feed production so that the feed manufacturer inspired and produce high quality of animal-sourced products, which is estimated to boost the market.
• Feed enzymes used in chicken diets because of their benefits, include better productivity and feed utilization as well as reduced environmental contamination due to low nutrients in manure, is anticipated to fuel the market.
• Greater enzyme inclusion rates and costly R&D spending, is projected to drive the market.
• Rising raw material costs and price volatility in agriculture commodities is projected to hamper the market. 
• Development of new feed enzyme product in daily livestock for improvement of the health of animals, which is projected to create immense opportunity for the key players.

Scope of Feed Enzymes Market Report

The report on the global feed enzymes industry includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Feed Enzymes Market Segment Insights

The swine segment is expected to grow at a rapid pace

Based on animal types, the global feed enzymes market share is divided into ruminant, poultry, swine, aquaculture, and others. The swine segment is expected to grow at a rapid pace during the forecast period because it contains specific enzymes, if the animal is unable to properly use all components of its diet, this enzyme helps to break down complex carbohydrates, protein, and phytate through carbohydrase, protease, and phytase.

On the other hand, the poultry segment is anticipated to account for a major market share during the forecast period due to high consumption of meat, milk, and eggs by people to improve health. According to an Alltech feed survey, the feed business has grown by 13% in the last five years, or 2.49 percent each year on average.

Favorable government rules are also supporting increased feed production, resulting in a constant need for substances that may be added to animal feed to improve the quality of animal-sourced goods.

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The carbohydrate segment is projected to expand at a considerable CAGR

On the basis of types, the global feed enzymes market share is segregated into carbohydrase, phytases, and others. The carbohydrate segment is projected to expand at a considerable CAGR during the forecast period because they improve the quantity of energy accessible from feed ingredients. Monogastric animals can generally digest roughly 90% of available starch, however carbohydrase aids in improving this proportion.

On the other hand, the proteases segment is anticipated to account for a major market share during the forecast period due to increasing sales and demand for high-quality enzymes from animal feed producers. Demand for feed enzymes such as proteases has increased significantly in recent years in countries such as Russia and China, where government policies support internal pig feed production and import displacement.

Asia Pacific is anticipated to constitute a key market share

In terms of regions, the global feed enzymes industry is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to constitute a key share of the market during the projected period. China and India are the major market in Asia pacific region due to high population.

China contributes about 18% of the global compound feed enzyme production. In China, the feed and animal production industry, especially broiler and pigs, is evolving at a rapid rate, and feed mill companies are aggressively exploring advances in feed enzymes that add value to the country's developing livestock sector during the forecast period.

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