Press release
Plant-Based Feed Enzymes Market Size Projected To Reach $2.19 Billion By 2034 With A Cagr Of 3%
Plant-Based Feed Enzymes
What Is the Projected Growth of the Plant-Based Feed Enzymes Market?
The market size of plant-based feed enzymes has experienced consistent growth over the past few years. It is set to expand from $1.89 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of 3.4%. The significant growth observed in the previous years can be credited to the implementation of enzymes for optimized nutrient utilization, the surge in usage of plant-sourced ingredients in feed, initiatives taken by the industry to minimize antibiotic utilization, supportive scientific studies advocating enzyme supplementation, and growth of aquaculture and poultry sectors.
In the coming years, the market size for plant-based feed enzymes is predicted to experience consistent growth, reaching $2.19 billion in 2029 with a compound annual growth rate (CAGR) of 3.0%. This growth in the forecast period could be due to the rising demand for animal protein, increased understanding of feed efficacy, regulatory aid for animal wellbeing and nutrition, commitment to sustainable agriculture and animal farming, and shift towards organic and clean label products. Key trends during the forecast period might be livestock production globalisation, the use of enzyme mixtures for feed efficiency, further research into enzyme functionality, inclusion of precision nutrition in animal food, and the creation of multi-enzyme mixes.
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What Are the Different Plant-Based Feed Enzymes Market Segments?
The plant-based feed enzymes market covered in this report is segmented -
1) By Type: Phytase, Protease, Carbohydrase
2) By Form: Liquid, Dry
3) By Livestock: Ruminants, Swine, Poultry, Aquatic animals, Pets, Horses
Subsegments:
1) By Phytase: Bacterial Phytase, Fungal Phytase
2) By Protease: Acid Protease, Neutral Protease, Alkaline Protease
3) By Carbohydrase: Amylase, Xylanase, Cellulase, Mannanase
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What Are the Primary Drivers Shaping the Plant-Based Feed Enzymes Market?
The growth of the plant-based feed enzymes market is expected to surge due to the vast livestock population. This refers to domesticated animals used for food, labor, and various other purposes. The nutritional needs of this livestock population and the enhancement of feed utilization efficiency are addressed by plant-based feed enzymes. As an example in February 2023, data from the UK government service website disclosed a 2.0% increase in the sheep and lamb population in England, growing from 14.6 million in 2021 to 14.9 million in 2022. Thus, the substantial livestock population contributes to the expansion of the plant-based feed enzyme market.
Which Companies Are Leading in the Plant-Based Feed Enzymes Market?
Major companies operating in the plant-based feed enzymes market include Cargill Incorporated, BASF SE, Associated British Foods Plc, DuPont, DSM, Novozymes, Bluestar Adisseo Co. Ltd., Chr. Hansen Holding A/S, Kemin Industries Inc., Novus International Inc., Huvepharma, Advanced Enzyme Technologies, Bestzyme, Maxgrow Biotech Pvt. Ltd., Xike Biotechnology Co. Ltd., Amano Enzyme Inc., Aumgene Biosciences, AUM Enzymes, Jiangsu Boli Bioproducts Co.Ltd., Antozyme Biotech, Beijing Smistyle Sic. &Tech. Development Co. Ltd., XD BIOCHEM, Biolaxi Corporation, Lee BioSolutions, Calzyme Inc.
What Are the Major Trends Shaping the Plant-Based Feed Enzymes Market?
The focus of major industry players in the plant-based feed enzyme market is on specially engineered products like thermostable xylanase, to achieve a competitive advantage. Thermostable xylanase is an enzyme that maintains its activity and efficiency even under high temperatures, proving its worth in the feed industry. For instance, EW Nutrition, an animal nutrition company from Germany, introduced a new xylanase product in March 2024, Axxess XY, primarily for enhancing nutrient uptake and gut health in poultry. Derived from a bacterium in volcanic hot springs, this thermostable enzyme is intended for high-temperature feed processing, thus improving digestibility and ecological sustainability. It also exhibits resistance against common inhibitors, adding to its adaptability for a range of feed formulations.
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What Are the Top Revenue-Generating Geographies in the Plant-Based Feed Enzymes Market?
North America was the largest region in the plant-based feed enzymes market in 2024. The regions covered in the plant-based feed enzymes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Plant-Based Feed Enzymes Market?
2. What is the CAGR expected in the Plant-Based Feed Enzymes Market?
3. What Are the Key Innovations Transforming the Plant-Based Feed Enzymes Industry?
4. Which Region Is Leading the Plant-Based Feed Enzymes Market?
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