Press release
Exploring Feed Enzymes Market Size: Insights into Growth Trends and Industry Dynamics for Enhanced Livestock Nutrition and Performance
Feed Enzymes Market
The feed enzymes market size is expected to see strong growth in the next few years. It will grow to $2.48 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to demand for antibiotic alternatives, focus on gut health, research on enzyme functionality, climate change mitigation in agriculture, global animal health challenges. Major trends in the forecast period include digitalization in feed formulation, integration of enzymes in premixes, customized enzyme blends, advancements in enzyme technology, sustainable and eco-friendly solutions.
Market Overview -
Feed enzymes refer to biological catalysts composed of proteins that facilitate digestion by breaking down starch, protein, and fat in the digestive system to improve the utilization of the feed to increase the number of nutrients available to the body. It is used to improve nutrient capture efficiency and get rid of anti-nutrients derived from feed.
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Surging Demand For Meat To Drive Market Growth
The increase in consumption of meat is expected to propel the growth of the feed enzymes market going forward. Meat refers to the flesh of animals that are used for consumption to offer a good source of protein, vitamins, and minerals in a diet. Enzymes are commonly employed in animal feeds to reduce the negative impacts of antinutritional elements in the structure of feed raw materials and improve performance, which helps to supply more meat per animal at a reduced cost while enhancing overall long-term well-being. For instance, according to the Organization for Economic Co-operation and Development (OECD), a France-based intergovernmental organization for trade, it is anticipated that global meat consumption per capita would rise by 0.3% per year to 35.4 kg in retail weight equivalent by the year 2030, where poultry meat represents 41% of all the protein from meat sources with an increase of 2% in 2030 due to its healthier food choice, cheap price, and convenience of preparation. Therefore, an increase in the consumption of meat drives the feed enzymes market.
Competitive Landscape -
Major companies operating in the feed enzymes market report are BASF SE, Koninklijke DSM N.V., Adisseo France SAS, Associated British Foods plc, Alltech Inc., E. I. du Pont de Nemours and Company, Archer Daniels Midland Company, Novozymes A/S, Novus International Inc., Kemin Industries Inc., BioResource International Inc., Rossari Biotech Limited, Azelis Holding S.A., Behn Meyer Holding AG, BEC Feed Solutions B.V., Bioproton Pty. Ltd., Chr. Hansen Holding A/S, Danisco Animal Nutrition, Enzyme Innovation Oy, Enzyme Supplies Limited, EnzymeWorks Inc., Epygen Labs Inc., Feedworks Pty. Ltd., Guangdong VTR Bio-Tech Co. Ltd., Huvepharma Inc., Kerry Group plc, Lallemand Animal Nutrition, Lesaffre Group, Lonza Group AG, MGP Ingredients Inc., Nutrex NV, Oy Veli-Matti Karkkainen Oyj
Product Innovations Transforming The Feed Enzymes Market
Product innovation is a key trend gaining popularity in the feed enzymes market. Major companies operating in the feed enzymes market are adopting new technologies to sustain their position in the market. For instance, in December 2021, BASF SE, a Germany-based chemicals company launched Natupulse TS, a new enzyme product for animal feed. It consists of a non-starch polysaccharide (NSP) enzyme that hydrolyzes ß-mannans into smaller components, such as manno-oligosaccharides (MOS). Natupulse TS cleaves these ß-mannans by the action of mannanase, improving feed nutrient digestion. Additionally, the MOS created by ß-mannan hydrolysis may have prebiotic properties.
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Key Segments -
The feed enzymes market covered in this report is segmented -
1) By Type: Protease, Phytase, Carbohydrase, Other Types
2) By Source: Microorganism, Plant, Animal
3) By Form: Dry, Liquid, Other Forms
4) By Livestock: Swine, Poultry, Ruminants, Aquatic Animals, Other Livestocks
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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