Animal feed enzymes helps to increase the nutrition proportion in animal foodstuff and also lower the amount of animal waste. Increasing consumer awareness regarding the meat quality and various dairy products, along with the rising consumption of meat has led to inclusion of feed additives into animal feed. The poultry segment is likely to lead the market in forecast period. Poultry segment is the second largest meat producer in the global meat industry, due to the high consumption of poultry meat globally, disparate beef and pork. Contemporary outburst of diseases, for instance bird flu, had a positive impact on the expansion of the poultry feed additives market; which in turn has increased awareness about poultry health and meat quality. Based on product type phytases had the highest share of revenue over 80% of the total industry in 2016. The products contain phosphorus which is helpful for improving metabolism in animals.
Europe is the leading market for animal feed enzyme market, wherein, Spain animal feed enzymes market is expected to show a growth of over 6% in 2025. European region has a strong distribution channel along with the large consumer market, which in turn facilitates the market growth. North America is the second largest market for animal feed enzymes. Strong presence of a livestock production and firm food safety rules and regulations is the major factor driving the U.S. animal feed enzymes market. Asia Pacific is the fastest growing market for animal feed enzymes. China, Japan and India are the major markets of Asia Pacific.
The report titled “Global Animal Feed Enzymes Market - Growth, Future Prospects and Competitive Analysis, 2017– 2025” offers strategic insights into the global animal feed enzymes industry along with the market size and estimates for the duration 2015 to 2025. The said research study covers in-depth analysis of multiple market segments based on animal feed enzymes market size, product type and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2016 & 2025. The report also provides a prolific view on market dynamics such as market drivers, trends, restraints and opportunities. The report incorporates a separate section highlighting key trends analysis of the overall animal feed enzymes market.
In order to help the strategic decision makers, the report also includes profiles of the leading animal feed enzymes manufacturers, their business strategies and key developments. Some of the major players profiled in the report are Adisseo France SAS, Alltech Inc., Associated British Fzoods PLC, Azelis Holdings SA, BASF SE, Bio-Cat, Koninklijke DSM N.V., Lesaffre, Novus International, Inc., Rossari Biotech Ltd, and Royal DSM N.V. Further, the report also covers market positioning of the key players operating in the animal feed enzymes market. The section further includes a brief on key strategies adopted by the major players operating in the market. Other in-depth analysis provided in the report includes:
Overall, the research study provides a holistic view of the global animal feed enzymes market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above mentioned factors.
Based on the product type, the animal feed enzymes market is segmented as follows:
Phytase segment is the largest market, as of 2016, with a share of 43.8%, in terms of revenue. It helps to increase feed consumption, in order to improve the animal growth, metabolism as well as reproduction. Carbohydrases is another key ingredient used in the animal feed enzyme industry, accounting for around 27.62% of the overall market. It is used for blending carbohydrates into simple, digestible sugars. Further, protease have a protein digestive element that are mainly used in the poultry and pigs sectors. Protease helps to reduce nitrogen emissions at the time of livestock production, and is a cost efficient product. Thus, protease segment is estimated expand at a rapid pace, over the forecast period.
Based on the product form, the animal feed enzymes market is segmented as follows:
Dry product form is the largest segment accounting for more than 75% of the overall market revenue in 2016. It is projected to grow with a CAGR of 9% from 2017-2025. Ease of usage, improved thermal constancy during food processing are the major factors responsible for the increasing demand of dry product form segment. Liquid formulation will grow at a constant rate over the forecast period and is expected to contribute more than 20% of the total market revenue by 2025. Production of liquid formulation can be done at a large scale with reasonable price. Ample availability of animal feed enzymes in the form of liquid at low costs is expected to expand the growth of liquid animal feed enzymes market in forecast period.
Based on the livestock, the animal feed enzymes market is segmented as follows:
Poultry has the largest market share of more than 40%, as of 2016. High consumption of poultry products has created a huge demand for feed enzymes across the world. Livestock enzymes helps to strengthen immune system, promotes weight gain in the livestock and increase their growth rate. Ruminants and swine segment together consist of more than 38% of the overall revenue. Farm animals such as cows, sheep, goats and buffaloes require special care due to their sensitive digestive capacity; thus, there is a huge demand for enzymes market from the ruminants segment. Increasing consumption of meat has led to growth of the animal feed market at rapid pace. Animal feed enzymes helps boosting milk production and lactation in grass feeding animals. Additionally, these enzymes have no side effects on the animals’ health, thereby supporting the adoption.
Europe is the leading animal feed enzyme market with a share of 37.61% of the overall market in 2016, followed by North America and Asia Pacific. Germany and Spain are the largest animal livestock manufacturers in the Europe region. In North America, U.S. is the key animal livestock market, as it has deep-rooted meat production industry. Asia Pacific is likely to have a rapid growth in the animal feed enzyme market, due to socio-economic changes and rising meat consumption. Growing population, rapid urbanization, increasing food safety awareness and investment in R&D are key factors fuelling the demand for animal feed enzymes in Asia Pacific region.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Animal Feed Enzymes market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
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| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Product Type
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Product Form
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Livestock
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
