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Feed Enzymes Market Trends

ID: MRFR//3694-HCR | 110 Pages | Author: Varsha More| July 2024

Feed Enzymes Market Overview


Feed Enzymes Market Size was valued at USD 2.70 billion in 2023. The Feed Enzymes market is projected to grow from USD 2.84 Billion in 2024 to USD 4.14 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.85% during the forecast period (2024 - 2032). consumers are switching to prefer organic meat, and increased consumption of feed additives is the key market driver enhancing the market growth.


Feed Enzymes Market Overview


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Feed Enzymes Market Trend



  • Increased consumption of feed additives to boost the market growth


As processed meat has become more popular. Most consumers are switching to prefer organic meat. As a result, producers are searching for creative ideas and effective methods to meet the demand for organic meat, which has increased feed additives, including enzymes, and feed producers' consumption to increase animal productivity. Food safety has become a top priority for many governments worldwide, particularly in North America and Europe. Animals frequently stand in their waste and experience constant stress, compromising their immune systems and making them vulnerable to infections. One of the fastest-growing markets for feed enzymes has emerged in the Asia-Pacific region. Large numbers of livestock and an increase in feed mills are the main drivers of this trend. The market for feed enzymes is becoming more competitive due to these trends. Although carbohydrates for starch (amylases) are becoming more and more common among feed producers, most commercial carbohydrates are currently used against structural carbohydrates. Though laws in some nations forbid phosphorous solutions, which contributes to their widespread use, phytases have emerged as one of the most profitable and effective feed additives. BASF introduced a new phytase for swine, poultry, and aquaculture in 2019 under the name Natuphos. It may offer the feed industry some essential nutrients. Thus driving the feed enzymes market revenue.


Feed production, particularly for the pig, broiler, and dairy industries, has seen significant and healthy growth over the past few years. This growth has been greatly aided by the industrialization of the livestock industry (as a result of increased consumption of meat, milk, and eggs around the world). According to the Alltech feed survey, the feed industry has grown by 13 percent overall over the last five years or 2 points 49 percent annually. The sales and demand for premium enzymes from animal feed producers, including broiler, dairy, and pig, have significantly increased. Favorable government regulations are another factor assisting the rising feed production. This ongoing demand for ingredients that can be added to animal feed to improve the quality of products derived from animals is a result. For instance, the demand for feed enzymes, such as proteases, has significantly increased in recent years in nations like Russia and China, where government policies favor internal pig feed production and import displacement. Due to their benefits, including enhanced performance and feed utilization and minimized environmental pollution due to the reduced nutrients in manure, feed manufacturers, including Novozymes and DSM BASF SE, are actively using commercial feed enzymes in poultry feeds. Therefore, the factors above could influence the market during the forecast period has enhanced the Feed Enzymes market CAGR Globally in recent years.


Feed Enzymes Market Segment Insights


Feed Enzymes Type Insights


Based on the type, the Feed Enzymes Market segmentation includes Protease, Phytase, and Others. The Phytase Feed Enzymes segment held the majority share in 2022, contributing to the Feed Enzymes Market revenue. Animals can absorb phosphorus and other micronutrients more quickly, thanks to the inclusion of phytase enzymes in feed products. It can lessen phytate's antinutritional effects while enhancing the digestibility of calcium, phosphorus (P), amino acids, and energy. Phytase offers extra benefits, including better pelleting, increased premix stability, and longer shelf life. The use of phytase in animal feed should be increased as meat consumption rises to meet nutritional needs like protein.


Feed Enzymes Livestock Insights


The Feed Enzymes Market segmentation, based on Livestock, includes Swine, Poultry, Ruminants, Aquatic Animals, and Others. The Swine segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2030. Genetic and technological advancements can absorb numerous nutrients not digested in swine production. Animal feed frequently uses feed enzymes to break down protein and make digestion easier. The demand for animal feed enzymes will probably increase as swine production keeps rising, and implants for Feed Enzymes positively impact the market growth.


Feed Enzymes Form Insights


The Feed Enzymes Market data has been bifurcated by Form into Dry, Liquid, and Others. The Dry segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2030. Due to their straightforward and practical use, enzymes in the dry formulation have emerged as a crucial format in the animal feed industry. It has greater thermal stability and can withstand the temperature during fodder processing. Using dry-form animal feed enzymes has several benefits, including straightforward handling, spill-free storage, and easy transportation.


Figure 2: Global Feed Enzymes Market, by Form, 2022 & 2030 (USD billion)


 


Global Feed Enzymes Market, by Form, 2022 & 2030 (USD billion)1


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Feed Enzymes Regional Insights


By Region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North America Feed Enzymes market accounted for USD 1.2 billion in 2022 and is expected to exhibit a significant CAGR growth during the study period. According to projections, industry growth will be aided by both technological development and an increase in the number of livestock. The growing demand for meat products motivates major producers of meat-based products to concentrate on new initiatives and investments. The regional market statistics should be supported as increasing livestock farming leads to a high demand for meat.


Further, the major countries studied in the market report are The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Recent News:


Ginkgo Bioworks, which is developing the preeminent platform for cell programming and biosecurity, introduced Ginkgo Enzyme Services in December 2022. Ginkgo Enzyme Services is powered by proprietary bacterial and fungal host strains that have been optimized in addition to ultra-high throughput screening and machine learning-guided protein design. Ginkgo Enzyme Services assists R&D teams in the development of enzymes by resolving obstacles ranging from the identification of novel enzyme activities to the optimization of enzyme function and large-scale production. Enzyme research and development programs in a variety of sectors, including biopharmaceutical manufacturing and discovery, have been supported by Ginkgo. Prominent endeavors in enzyme services consist of an innovative collaboration with Aldevron to enhance the manufacturing efficacy of vaccinia capping enzyme, an indispensable reagent employed in the fabrication of mRNA vaccines, and a newly declared alliance with Merck for the development of biocatalysts utilized in the production of active pharmaceutical ingredients (APIs).


As consumer demand for plant-based alternatives to meat continues to rise, the Danish biotechnology company Novozymes has introduced an environmentally sustainable method for producing umami flavorings—using enzymes as opposed to chemical processes—in June 2022. The savory flavor umami is frequently associated with prepared meat. This flavor is induced by glutamic acid, an amino acid that is frequently employed in the form of the food additive monosodium glutamate. Mitigating umami in plant-based meat substitutes poses a challenge, particularly when attempting to maintain a minimal salt content. There are two methods by which the food industry can generate the umami flavor: hydrolyzed plant proteins or yeast extract. Although yeast extract is a natural, easy-to-use product, many consumers dislike its "yeasty" aftertaste. Hydrolyzed plant proteins, conversely, necessitate the implementation of corrosive acidic chemical processes under severe industrial conditions.


Figure 3: FEED ENZYMES MARKET SHARE BY REGION 2022 (%)


 


FEED ENZYMES MARKET SHARE BY REGION 2022 (%)1.jpg


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Europe Feed Enzymes market accounts for the second-largest market share. The market for feed enzymes has expanded significantly due to the worldwide ban on antibiotics as growth promoters, as more people are turning to these enzymes as alternatives. Due to their additional health advantages, which lower the likelihood of animal metabolic disorders, and their long-term favorable effects on the environment, people are also increasingly favoring the use of feed enzymes. Further, the Germany Feed Enzymes market held the largest market share, and the UK Feed Enzymes market was the fastest-growing market in the European region.


The Asia-Pacific Feed Enzymes Market is expected to grow at the fastest CAGR from 2022 to 2030. Large numbers of livestock and an increase in feed mills are the main drivers of this trend. The market for feed enzymes is becoming more competitive due to these trends. Moreover, the China Feed Enzymes market held the largest market share, and the India Feed Enzymes market was the fastest-growing market in the Asia-Pacific region.


Feed Enzymes Key Market Players & Competitive Insights


Major market players are spending much on R&D to increase their product lines, which will help the Feed Enzymes market grow even more. Market participants are also taking various strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Feed Enzymes industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.


Manufacturing locally to reduce operating costs is one of the primary business strategies manufacturers adopt in the Global Feed Enzymes industry to benefit clients and expand the market sector. In recent years, the Feed Enzymes industry has provided medicine with some of the most significant benefits. The Feed Enzymes markets major players such as BASF SE (Germany), E. I. du Pont de Nemours and Company (U.S.), Associated British Foods plc (U.K), Koninklijke DSM N.V. (the Netherlands), Behn Meyer Holding AG (Germany), Adisseo France SAS (France), Azelis Holding S.A. (Belgium), Novus International Inc. (U.S.), Rossari Biotech Ltd. (India), Alltech Inc. (U.S.), and others are working on expanding the market demand by investing in research and development activities.


BASF SE (Germany) We at BASF think people are the key to our long-term success, and everyone has talent. We give our employees the resources, direction, and chances they need to advance and succeed professionally and personally. We create chemistry by giving you the assistance required to perform at your peak and achieve your goals. After all, your success is correlated with ours. Whatever career path you want, BASF is a fantastic place to start.


Also, Azelis Holding S.A. (Belgium) The former distribution firms Sepulchre NV, Sibeco NV (acquired in 2004), and YDS Chemicals NV (acquired in 2010) have come together to form Azelis Belgium. We serve a broad range of market segments for life sciences and industrial chemicals from our location in Merelbeke (Gent). We have a dedicated knowledge center or kitchen lab in Rillaar for food and health. We are a reputable distributor in Belgium, well known for our first-rate network of outside service providers, to enhance our large customer and supplier base and secure the highest level of flexibility.


Key Companies in the Feed Enzymes market include



  • BASF SE (Germany)

  • I. du Pont de Nemours and Company (U.S.)

  • Associated British Foods plc (U.K)

  • Koninklijke DSM N.V. (the Netherlands)

  • Behn Meyer Holding AG (Germany)

  • Adisseo France SAS (France)

  • Azelis Holding S.A. (Belgium)

  • Novus International Inc. (U.S.)

  • Rossari Biotech Ltd. (India)

  • Alltech Inc. (U.S.)


Feed Enzymes Industry Developments


November 2020 In Malaysia, Thailand, and Australia, Danisco Animal Nutrition expanded its line of Axtra PHY GOLD, the industry's top new phytase enzyme. In 2020, Axtra® PHY GOLD made its debut in India.


November 2020 ProAct 360, a second-generation ground-breaking protease, was released by the DSM and Novozymes Feed Enzymes Alliance. New protease technology used in producing ProAct 360 for poultry addresses feeds efficiency, affordability, and sustainability. This cutting-edge feed solution offers more sustained improvements in growth performance, better matrix values for important amino acids, and quicker action.


September 2020 Axtra PHY GOLD, a new phytase enzyme from DuPont, is advertised as having the potential to significantly lower producers' feed costs while also easing some of the production-related difficulties, such as the environmental impact.


Feed Enzymes Market Segmentation


Feed Enzymes Type Outlook



  • Protease

  • Phytase

  • Others


Feed Enzymes Livestock Outlook



  • Swine

  • Poultry

  • Ruminants

  • Aquatic Animals

  • Others


Feed Enzymes Form Outlook



  • Dry

  • Liquid

  • Others


Feed Enzymes Regional Outlook




  • North America



    • US

    • Canada




  • Europe



    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe




  • Asia-Pacific



    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific




  • Rest of the World




    • Middle East




    • Africa




    • Latin America





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