Press release
Global Feed Enzymes Market Projected to Surpass $2.68 Billion by 2029 with 7% Annual Growth
Feed Enzymes Market Size
The rise in meat consumption is anticipated to fuel the expansion of the feed enzymes market in the future. Meat, which is the edible flesh of animals, provides a rich supply of protein, vitamins, and minerals in our diet. The use of enzymes in animal feeds is common practice, aiming to lessen the damaging effects of antinutritional components found in the feed's raw fundamentals, and enhance performance. This results in producing more meat per animal at a lower cost, contributing to their overall long-term health. According to data from the Canada-based software firm, Carlisle Technology, in August 2024, the per capita consumption of turkey in the U.S. was 14.60 pounds in 2022, projected to increase to 15.40 pounds by 2033, following a 0.35% rise in turkey consumption. Simultaneously, the per capita consumption of broiler chicken in 2022 was 98.90 pounds, with an expectation of reaching 107.50 pounds by 2033. Thus, the upward trend in meat consumption stimulates the growth of the feed enzymes market.
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What is the projected compound annual growth rate (CAGR) of the feed enzymes market from 2025 to 2034, and what factors influence it?
The market size of feed enzymes has seen substantial growth of late. Projected to balloon from a worth of $1.86 billion in 2024 to about $2.02 billion in 2025, its compound annual growth rate (CAGR) stands at 8.1%. This notable increase over the historic period can be credited to improved feed conversion efficiency, regulatory approval and adherence, heightened awareness of environmental implications, a shift towards sustainable farming, decrease in feed cost, and the global expansion of the animal feed industry.
Anticipations are high for the feed enzymes market to witness substantial expansion in the upcoming years, with a projected rise to "$2.68 billion by 2029 at a compound annual growth rate (CAGR) of 7.4%. This surge during the forecast period is attributable to the increasing need for alternatives to antibiotics, attention towards gut health, studies into enzyme functions, efforts to alleviate climate change impact on agriculture, and global challenges to animal health. Key trends expected during this period encompass digital advancements in feed formulation, including enzymes in premixes, tailoring enzyme blends, progress in enzyme technology, and the push for sustainable and environmentally conscious solutions.
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How are the latest trends influencing the growth of the feed enzymes market?
In order to retain their dominance in the feed enzymes market, leading companies have embraced innovative technologies such as enzyme-based solutions for the separation of corn. An enzyme-based solution for corn separation employs certain enzymes to segregate the components in corn, enabling the extraction of starch and other useful elements during processing. For instance, Huvepharma Inc., a pharmaceutical organization based in Bulgaria, introduced its enzyme-based digestibility enhancer named Huvezym neXo in the EU in September 2023. This launch is a part of Huvepharma's ambition to diversify its services in the feed enzymes area, which is exceedingly significant for optimizing the utilization of animal feed. With Huvezym neXo, the objective is to improve the digestibility of animal feed, and thereby enhancing animal health and productivity. By facilitating better nutrient absorption, this enzyme-based product is predicted to assist livestock farmers in minimizing the costs of feed while encouraging improved growth rates and feed conversion ratios.
What are the major segments of the feed enzymes market and their role in driving growth?
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 Livestock
Subsegments:
1) By Protease: Endopeptidases, Exopeptidases, Serine Proteases
2) By Phytase: 3-Phytase, 6-Phytase, Novel Phytase Variants
3) By Carbohydrase: Amylase, Cellulase, Xylanase
4) By Other Types: Lipase, Laccase, Mannanase
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Which regions are key players in the growth of the feed enzymes market?
Asia-Pacific was the largest region in the feed enzymes market in 2024 and is expected to be the fastest-growing region in the global feed enzymes market during the forecast period. The regions covered in the feed enzymes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the key firms paving the way for growth in the feed enzymes market?
Major companies operating in the 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., 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, Nutrex NV
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What Is Covered In The Feed Enzymes Global Market Report?
• Market Size Forecast: Examine the feed enzymes market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the feed enzymes market for a structured understanding.
• Key Players Overview: Analyze major players in the feed enzymes market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the feed enzymes market.
• Segment Contributions: Evaluate how different segments drive overall growth in the feed enzymes market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the feed enzymes market.
• Industry Challenges: Identify potential risks and obstacles affecting the feed enzymes market.
• Competitive Landscape: Review strategic developments in the feed enzymes market, including expansions, agreements, and new product launches.
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