Press release
Feed Enzymes Market Expansion Continues, with Forecast Valuation of $2.68 Billion by 2029
Feed Enzymes Market
Feed Enzymes Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for feed enzymes has experienced robust growth in past years. An escalation from $1.86 billion in 2024 to $2.02 billion in 2025 is predicted, indicating a compound annual growth rate (CAGR) of 8.1%. This past development can be credited to factors like effectiveness in feed conversion, obtaining regulatory sanction and adherence, consciousness about the environmental influence, transitioning towards sustainable farming practices, reduction in feed costs, and the global expansion of the animal feed industry.
Feed Enzymes Market Size Forecast: What's the Projected Valuation by 2029?
Expectations are high for a substantial increase in the feed enzymes market size in the coming years. The projection for growth stands at "$2.68 billion by 2029, with a compound annual growth rate (CAGR) of 7.4%. Factors contributing to this growth within the forecast period include the rising need for antibiotic alternatives, emphasis on maintaining gut health, advanced research on enzyme functionality, efforts to reduce climate change impacts on agriculture, and addressing various global animal health issues. Notable trends during the forecast period entail the incorporation of digital technology in feed formulation, the inclusion of enzymes in premixes, provision of bespoke enzyme blends, advancements made in enzyme technology, and the launch of sustainable and environmentally friendly solutions.
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What Are the Drivers Transforming the Feed Enzymes Market?
The feed enzyme industry's growth is being influenced by the surging consumption of meat. Animal flesh, or meat, provides an abundant source of proteins, vitamins, and minerals when included in a dietary intake. Enzymes are regularly used in animal feed to mitigate the adverse effects of antinutritional factors found in feed raw materials, whilst improving performance. This leads to the provision of more meat per animal at a lower cost and promotes long-term health. In light of this, Carlisle Technology, a software company based in Canada, reported that per capita turkey consumption in the U.S. was 14.60 pounds in 2022. This figure is predicted to increase to 15.40 pounds by 2033, marking a 0.35% rise in turkey consumption. As of 2022, per capita consumption of broiler chicken stood at 98.90 pounds, and it is anticipated to climb to 107.50 pounds by 2033. Consequently, increased meat consumption fuels the expansion of the feed enzyme market.
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What Long-Term Trends Will Define the Future of the Feed Enzymes Market?
In the feed enzymes market, firms are incorporating technological innovations like enzymatic corn separation. In September 2023, Bulgaria-based Huvepharma Inc. launched Huvezym neXo, a new enzymatic product aimed at boosting digestibility and feed efficiency in animals, helping producers cut feed costs and improve growth and productivity.
Which Segments in the Feed Enzymes Market Offer the Most Profit Potential?
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 Firms Dominate the Feed Enzymes Market by Market Share and Revenue in 2025?
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
Which Regions Offer the Highest Growth Potential in 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
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