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Large Livestock Population Driving Growth In Plant-Based Feed Enzymes Market: Transformative Forces Shaping the Plant-Based Feed Enzymes Market Landscape in 2025
Plant-Based Feed Enzymes Market
What Will the Plant-Based Feed Enzymes Industry Market Size Be by 2025?
The market size for plant-based feed enzymes has experienced a consistent growth over the past few years. It is predicted to rise from $1.89 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of 3.4%. The growth during the historic period is largely due to the adoption of enzymes for more efficient nutrient utilization, heightened usage of plant-derived ingredients in feed, the industry's attempts to curb antibiotic use, scientific research endorsing enzyme supplementation, along with the expansion of the aquaculture and poultry sectors.
What's the Long-Term Growth Forecast for the Plant-Based Feed Enzymes Market Size Through 2029?
In the upcoming years, the market for plant-based feed enzymes is anticipated to experience consistent growth, expanding to $2.19 billion in 2029 with a compound annual growth rate (CAGR) of 3.0%. This growth for the projected period can be linked to a rising demand for animal protein, an expanding consciousness about feed efficiency, legislative guidance for animal health and nutrition, concentration on sustainable farming and animal husbandry, and a transition to natural and clean label products. The prevalent trends during the forecast period are the globalization of livestock production, use of enzyme mixes for feed efficiency enhancement, heightened research in enzyme operation, the introduction of precision nutrition into animal feeds, and the formulation of multi-enzyme combination.
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What Are the Key Growth Drivers Fueling the Plant-Based Feed Enzymes Market Expansion?
The rise in the number of livestock is anticipated to escalate the expansion of the plant-based feed enzymes market. The term livestock population is used to denote the count of domesticated animals raised for food, labor, and other uses. Plant-based feed enzymes cater to the needs of livestock by addressing specific nutritional issues and improving feed utilization efficiency. For example, data from the UK government announced in February 2023 showed a 2.0% increase in the population of sheep and lambs in England from 14.6 million in 2021 to 14.9 million in 2022. Hence, the escalating number of livestock is propelling the growth of the market for plant-based feed enzymes.
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What Are the Key Trends Driving Plant-Based Feed Enzymes Market Growth?
Prominent firms in the plant-based feed enzyme market are concentrating on creating specialized products, like thermostable xylanase, to foster a competitive advantage. Thermostable xylanase denotes an enzyme variant that stays active and potent at elevated temperatures, which makes it extremely beneficial in the feed industry. For illustration, in March 2024, a Germany-originating animal nutrition firm, EW Nutrition, unveiled Axxess XY - a novel xylanase product designed to enhance nutrient uptake and gut health in poultry. This enzyme, extracted from a bacterium found in volcanic hot springs, is thermostable and particularly tailored for high-temperature feed processing, which facilitates improved digestibility and boosts environmental sustainability. Moreover, it's resistant to typical inhibitors, thus making it adaptable to an array of feed recipes.
How Is the Plant-Based Feed Enzymes Market Segmented?
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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Which Companies Are Leading the Charge in Plant-Based Feed Enzymes Market Innovation?
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.
Which Regions Are Leading the Global Plant-Based Feed Enzymes Market in Revenue?
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.
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