Upcoming Growth Trends in the Feed Enzymes Market | Key Players are BASF SE, DowDu Pont, Koninklijke DSM N.V, Bluestar Adisseo, Kemin Industries

The global feed enzymes market size is estimated to be valued at USD 1.2 billion in 2019 and is projected to reach USD 2.0 billion by 2025, recording a CAGR of 9.1% during the forecast period. The provision of cost-effectiveness in the usage of feed and increasing demand for animal-based products, such as meat products, dairy products, and eggs, are primarily driving the industry growth for feed enzymes.

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The microorganism segment, by source, is projected to dominate the feed enzymes market during the forecast period.

The microorganism segment dominated the feed enzymes market in 2019, owing to the higher use of these sources to extract feed enzymes. Microorganisms remain highly prominent and suitable hosts to produce stable and industrially important feed enzymes. Enzymes extracted from microorganisms are of great importance in the manufacturing of animal feed. Currently, molecular techniques, such as metagenomics and genomics, are used to discover microbial enzymes, which are used in the feed industry to improve feed quality.

Based on livestock, the poultry segment is projected to witness the highest growth in the feed enzymes market in terms of value.

According to OECD-FAO Agricultural Outlook 2017-26, the global poultry meat production stood at 118.1 MMT (130.18 MT) in 2017 and is expected to increase by about 11% over the next decade. The production of poultry for meat is also likely to be dominating more than half the growth of all the additional meat produced by 2025. Such rapid growth in poultry meat production is expected to increase the demand for superior quality feed further, thereby propelling the market for feed enzymes.

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Asia Pacific is projected to account for the largest feed enzymes market share during the forecast period.

Asia Pacific dominated the feed enzymes market in 2018; this has been supported by the presence of a large livestock population (FAO 2016) and the growth rate. Also, livestock producers in China and India are focusing on animal health by resorting to natural solutions.

Additionally, there has been a rise in the demand for meat and meat products, in accordance with the need for a protein-rich meat diet. The market for poultry is estimated to increase in India and China due to factors such as the focus on meat quality and public health campaigns, which encourage the consumption of lower-fat protein options. Fish consumption is also increasing in the region owing to similar health trends. On the other hand, there has been an increase in production as well as consumption of dairy products in the region. These factors are expected to drive the feed enzymes market in the Asia Pacific region.

The major vendors in the global feed enzyme market are BASF SE (Germany), DowDu Pont (US), Koninklijke DSM N.V (Netherlands), Bluestar Adisseo (China), and Kemin Industries (US).

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