Press release
Feed Enzymes Market: Expanding at a CAGR of 8.1% in 2025 and Projected to Reach $2.68 billion by 2029
Feed Enzymes Market Size
What Is The Projected Market Size Of The Global Feed Enzymes Market And Its Growth Rate?
The global feed enzymes market has witnessed significant growth over the recent years and is expected for further expansion.
• The market value was $1.86 billion in 2024 and is projected to rise to $2.02 billion in 2025, advancing at a CAGR of 8.1%.
• The feed enzymes market is expected to grow further to reach $2.68 billion in 2029, growing at a CAGR of 7.4%.
The growth in both the historic and forecast periods can be attributed to factors such as efficiency in feed conversion, regulatory approval and compliance, awareness of the environmental impact, shift toward sustainable agriculture, feed cost reduction, and advancements in the global animal feed industry.
What Is Driving The Growth In The Feed Enzymes Market?
The growth of the feed enzymes market is primarily driven by the increasing consumption of meat globally. Enzymes are widely used in animal feeds to mitigate the negative impacts of antinutritional elements in feed raw materials and improve animal performance. This enables to produce more meat per animal at less cost, boosting overall long-term animal well-being. For instance, in August 2024, according to the reports shared by the Carlisle Technology, per capita consumption of turkey and broiler chicken in the U.S. is expected to rise notably by 2033, promoting an increase in the consumption of meat and consequently driving the feed enzymes market.
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Who Are the Key Players Driving Feed Enzymes Market Growth?
The major players in the global feed enzymes market include:
• 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., and many more.
What Are The Key Trends In The Feed Enzymes Market?
Key trends in the feed enzymes market include:
• Digitalization in feed formulation
• Integration of enzymes in premixes
• Customized enzyme blends
• Advancements in enzyme technology
• Sustainable and eco-friendly solutions
What Are The Segments Of The Global Feed Enzymes Market?
The global feed enzymes market is divided based on various factors such as:
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 Livestock
Which Region Leads The Feed Enzymes Market?
Asia-Pacific was the leading region in the global feed enzymes market in 2024, and it is expected to be the fastest-growing region during the forecast period. Apart from Asia-Pacific, the global feed enzymes market report also covers other major regions including Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Feed Enzymes Market Global Market Report?
• Market Size Analysis: Analyze the Feed Enzymes Market size by key regions, countries, product types, and applications.
• Market Segmentation Analysis: Identify various subsegments within the Feed Enzymes Market for effective categorization.
• Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
• Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
• Market Contribution: Evaluate contributions of different segments to the overall Feed Enzymes Market growth.
• Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
• Industry Challenges: Analyze challenges and risks affecting the Feed Enzymes Market.
• Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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