Animal Feed Enzymes Market - Forecast(2022 - 2027)

Report Code: FBR 71599 Report Format: PDF + Excel

Animal Feed Enzymes Market Overview

Animal Feed Enzymes Market size is estimated to reach $2.19 billion by 2027, growing at a CAGR of 7.6% during the forecast period 2022-2027. Enzymes fall under the category of proteins that act as a catalyst to speed up the chemical processes inside the body. Fodder and forage are two leading examples of feed given to domestic animals. Many feeds exhibit detrimental substances that condense the digestion capacity. Usually, pigs and poultry find themselves incapable of digesting the diet and leads to infections such as pathogenic avian influenza. Therefore, enzymes like phytase are included in the animal feeds as it breaks down the myo-inositol hexaphosphate (phytate), release the phosphate, and improve the overall digestibility. Therefore, feeds play a significant role when it comes to improving metabolism. Furthermore, organic feeds are now what is recommended owing to the hyper-sensitive rise in cases of hemangioendothelioma, a low-grade malignant cancer. Furthermore, bovine spongiform encephalopathy, a cattle disorder that spreads to humans can cause brain disorder. Furthermore, the animal feed enzymes market outlook is quite enchanting as they help in the well-being of the animals and decline the demise rates of animals. Elevating health consciousness among people eventually resulting in augmented consumption of the dairy product, meat, and other poultry items like egg is the major factor set to drive the growth of the Animal Feed Enzymes Market for the period 2022-2027.

Report Coverage

The report: “Animal Feed Enzymes Market Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis of the following segments of the Animal Feed Enzymes Market.

By Form: Fluid/Liquid, Dehydrated/Dry.
By Source: Floras/Plants, Faunas/Animals, Microorganisms.
By Type: Protease, Carbohydrase, Phytases, and others.
By Livestock: Poultry, Swine, Aquaculture, and others.
By Geography: North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, and Rest of South America) and Rest of World (the Middle East and Africa).

Key Takeaways

  • Geographically, the Asia-pacific Animal Feed Enzymes Market accounted for the highest revenue share in 2021. Similarly, it is poised to dominate the market over the period 2022-2027.
  • Escalating consumption of meat and dairy products is said to be the preeminent driver driving the growth of the Animal Feed Enzymes Market. Concerns regarding the quality of poultry products are said to reduce the market growth.
  • Detailed analysis on the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be provided in the Animal Feed Enzymes Market report.

    Animal Feed Enzymes Market- Geography (%) for 2021

    Animal Feed Enzymes Market

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Animal Feed Enzymes Market Segment Analysis - By Type

The Animal Feed Enzymes Market based on the type can be further segmented into Protease, Carbohydrase, Phytases, and others. The phytase segment held the largest share in 2021. The growth is owing to the effectiveness of this feed enzyme in fulfilling the deficiency of minerals such as zinc and calcium. Phytase starts its effect by initiating the breakdown of Myo-inositol hexaphosphate (phytate) and subsequently releases the phosphate content to overcome the deficiency of nutrition. Due to unhygienic and inhumane conditions at the farms, poultry, and household facilities their digestive power decreases. Therefore, enzymes like phytase are taken into account to ensure animal health and increase the overall yield. Besides phytase, carbohydrases are commonly taken into account as feed additives to improve the quality of fodder. Carbohydrases are well-known for improving digestion by smoothing the hydrolysis of polysaccharides. Both phytase and carbohydrases segment is estimated to be the fastest-growing segment with a CAGR of 8.4% over the forecast period 2022-2027. This growth is owing to the growing demand for dairy and meat.

Animal Feed Enzymes Market Segment Analysis - By Livestock

The Animal Feed Enzymes Market based on livestock can be further segmented into Poultry, Swine, Aquaculture, and others. The poultry segment held the largest share in 2021. The growth is owing to factors such as chicken and other poultry are more prone to digestive problems. Generally, they find themselves inept in digesting 20-25% of the food. Therefore, feed enzymes like phytase are involved in feeds which intensify the captivation of minerals (=zinc, calcium) and help in breaking down phytate and release phosphate content.

Similarly, the poultry segment is estimated to be the fastest-growing segment with a CAGR of 8.6% over the forecast period 2022-2027. This growth is owing to proliferating consumption of meat derived from chicken, turkey, and ducks, eggs as people are becoming more health-conscious. As per USDA projections, the demand for poultry would grow by around 16.3% from 2021-2030. The expansion of foodservice retailers like McDonald's has completely transformed the use of chicken by offering products like Chicken McNuggets. Furthermore, the nutrient-rich, appetizing, and cost-effective nature of chicken has made it the most desired form of meat throughout the world.

Animal Feed Enzymes Market Segment Analysis - By Geography

The Animal Feed Enzymes Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. Asia-Pacific held the largest share with 41% of the overall market in 2021. The growth in this segment is owing to the factors such as colossal consumption of broiler meat and dairy products in countries like China, India, Australia, and Japan. China’s poultry consumption has reached over 20 million tonnes per year. Moreover, China has acquired the status of the highest pork consumer with 30.4 kilograms per capita. Even recently, CP Foods Vietnam has installed the largest breeding and processing complex for chicken exports in the Socialist Republic of Vietnam. Moreover, the Asia-Pacific segment is expected to offer lucrative growth opportunities to marketers over the forecast period 2022-2027. This growth is owing to swift industrialization and modernization changing people's living standards. With prospering GDPs per capita income of these nations is upsurging. People are more capable than ever to make such purchases. On another hand, elevating chronic illnesses are gravitating people’s attention toward protein and nutrient intake therefore overall consumption of dairy and meat is intensifying. India is the biggest consumer of milk with over 80,000 metric tons consumption annually.

Animal Feed Enzymes Market Drivers

Enlarging consumption of meat, eggs, and other dairy products is Anticipated to Boost Product Demand

As health awareness among people is enlarging a massive shift in people’s attitudes from treatment to prevention can be witnessed. With increasing purchasing capacity people are increasing the demand for protein and carbs-rich foods. According to a report, meat consumption has plunged to 350 million tons annually. Furthermore, dairy consumption isn’t left behind. India alone consumes more than 80,000 metric tons of milk every year. Moreover, these numbers are expected to increase further as the world population is anticipated to touch 9 billion before long.

Slight expansion in diseases associated with poultry, proliferating livestock production is Expected to Boost Product Demand

There has been a slight expansion in incidences of spine flu and pathogenic avian influenza. The animal-to-human transmission nature of this H1N1 influenza is what makes it more deadly. The disease was declared as a pandemic by the world health organization in 2009-10 when it claimed more than 284,000 lives. Moreover, in a recent survey of 41% of households in the capital city of India more than 2-3% of cases were found positive. Therefore, this increasing prevalence is forcing farm and poultry owners for making use of feed enzymes to ensure animal health in the first place.

Animal Feed Enzymes Market Challenges

The threat of infected products, diminished demand, and hampered supply chain due to the COVID-19 is Anticipated to Hamper Market Growth

The broadening prevalence of diseases like swine flu can play the role of both that is a driver as well as a challenge. To ensure their personal safety people may cut down on the consumption of meat and other poultry items which may hamper the growth in the respective market. Moreover, hampered demand and supply chain as nations are going into lockdowns again in the wake of virus mutations can contribute its fair share in bringing down the demand. Additionally, consumers are growing heavily label conscious. For example, as per the Ingredion report around 42% of the consumers prefer products that are GMO-free and around 35% feel that products should be sustainably obtained.

Animal Feed Enzymes Market Competitive Landscape

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Animal Feed Enzymes Market. The top-10 Animal Feed Enzymes Market companies of this market are-

  1. Advanced Enzyme
  2. BASF Se
  3. Danisco A/S and Elanco
  4. Ab Vista
  5. Adisseo
  6. Meyer Holding AG
  7. Beldem SA
  8. Bioproton Pty Ltd
  9. Bioresource International Inc.
  10. Elanco

Recent Developments

  • On August 30, 2021, US-based animal health company Elanco announced that it has successfully acquired California-based veterinary biopharmaceutical firm “Kindred Biosciences.” A payment of $444 million is made to Kindred Biosciences by Elanco to acquire all outstanding shares at $9.25. Moreover, the acquisition will enhance Elanco’s reach to the dermatology market.
  • On November 11, 2020, China-based animal feed additive manufacturing company “Bluestar Adisseo”, commonly known as Adisseo announced the successful acquisition of Netherlands-based feed additive firm “FRAmelco Group.” The acquisition is done by Adisseo mainly to strengthen its desire to dominate the animal additives market. The company runs 3 plants which are located in the Netherlands, Spain, and Thailand. Additionally, the business generates close to 30 million pounds each year.
  • On August 3, 2020, Elanco publicized that it has completed the acquisition of the animal health business of Germany-based pharmaceutical and life sciences company Bayer. The total value of the transaction stands around $6.89 billion out of which $5.17 billion was paid in cash and remaining in stocks. The transaction gives a boost to Elanco’s pet health business. In retail and online in order to create an omni-channel leader best positioned to serve veterinarians and pet owners where they want to shop.

Relevant Links:

Report Code: FBR 0062

Report Code: FBR 0368

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1. Animal Feed Enzymes Market Overview
    1.1 Definitions and Scope
2. Animal Feed Enzymes Market- Executive Summary
3. Animal Feed Enzymes Market – Market Landscape
    3.1 Company Benchmarking- Key Companies
    3.2 Key Company Financial Analysis
    3.3 Market Share Analysis
    3.4 Patent Analysis
    3.5 Pricing Analysis (Comparison of General Price Offerings in the Market)
4. Animal Feed Enzymes Market – Startup Company Scenario (Premium)
    4.1 Investment
    4.2 Revenue
    4.3 Venture Capital and Funding Scenario
5. Animal Feed Enzymes Market – Industry Market Entry Scenario Premium (Premium)
    5.1 Regulatory Scenario
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Animal Feed Enzymes Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Animal Feed Enzymes Market – By Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle Analysis
8. Animal Feed Enzymes Market- By Form (Market Size –$Million/$Billion) 
    8.1 Fluid/Liquid
    8.2 Dehydrated/Dry
9. Animal Feed Enzymes Market- By Source (Market Size –$Million/$Billion) 
    9.1 Floras/Plants
    9.2 Faunas/ Animals
    9.3 Microorganisms
10. Animal Feed Enzymes Market- By Type (Market Size –$Million/$Billion) 
    10.1 Protease
    10.2 Carbohydrase
    10.3 Phytases
    10.4 Others
11. Animal Feed Enzymes Market- By Livestock (Market Size –$Million/$Billion) 
    11.1 Poultry
    11.2 Swine
    11.3 Aquaculture
    11.4 Others
12. Animal Feed Enzymes Market - By Geography (Market Size -$Million/Billion)
    12.1 North America
        12.1.1 U.S
        12.1.2 Canada
        12.1.3 Mexico
    12.2 Europe
        12.2.1 Germany
        12.2.2 France
        12.2.3 UK
        12.2.4 Italy
        12.2.5 Spain
        12.2.6 Russia
        12.2.7 Rest of Europe
    12.3 Asia-Pacific
        12.3.1 China
        12.3.2 Japan
        12.3.3 South Korea
        12.3.4 India
        12.3.5 Australia & New Zealand
        12.3.6 Rest of APAC
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Chile
        12.4.4 Colombia
        12.4.5 Rest of South America
    12.5 Rest of the World
        12.5.1 Middle East
        12.5.2 Africa
13. Animal Feed Enzymes Market - Market Entropy
    13.1 New product launches
    13.2 M&A's, collaborations, JVs and partnerships
14. Animal Feed Enzymes Market – Industry Competition Landscape (Premium)
    14.1 Market Share Analysis
        14.1.1 Global Market Share – Key Companies
        14.1.2 Market Share by Region – Key Companies
        14.1.3 Market Share by Countries – Key Companies
    14.2 Competition Matrix
    14.3 Best Practices for Companies
15. Animal Feed Enzymes Market – Key Company List by Country Premium (Premium)
16. Animal Feed Enzymes Market - Company Analysis
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10
"*Financials would be provided on a best-efforts basis for private companies

LIST OF TABLES

1.Global Animal Feed Enzyme Market:Product Estimate Trend Analysis Market 2019-2024 ($M)
1.1 Carbohydrases Market 2019-2024 ($M) - Global Industry Research
1.2 Protease Market 2019-2024 ($M) - Global Industry Research
2.Global Animal Feed Enzyme Market:Formulation Estimate Trend Analysis Market 2019-2024 ($M)
2.1 Liquid Market 2019-2024 ($M) - Global Industry Research
2.2 Dry Market 2019-2024 ($M) - Global Industry Research
3.Global Animal Feed Enzyme Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
3.1 Poultry Market 2019-2024 ($M) - Global Industry Research
3.2 Pig Market 2019-2024 ($M) - Global Industry Research
3.3 Ruminant Market 2019-2024 ($M) - Global Industry Research
3.4 Pet Market 2019-2024 ($M) - Global Industry Research
3.5 Aqua Market 2019-2024 ($M) - Global Industry Research
3.6 Equine Market 2019-2024 ($M) - Global Industry Research
4.Global Animal Feed Enzyme Market:Product Estimate Trend Analysis Market 2019-2024 (Volume/Units)
4.1 Carbohydrases Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Protease Market 2019-2024 (Volume/Units) - Global Industry Research
5.Global Animal Feed Enzyme Market:Formulation Estimate Trend Analysis Market 2019-2024 (Volume/Units)
5.1 Liquid Market 2019-2024 (Volume/Units) - Global Industry Research
5.2 Dry Market 2019-2024 (Volume/Units) - Global Industry Research
6.Global Animal Feed Enzyme Market:Application Estimate Trend Analysis Market 2019-2024 (Volume/Units)
6.1 Poultry Market 2019-2024 (Volume/Units) - Global Industry Research
6.2 Pig Market 2019-2024 (Volume/Units) - Global Industry Research
6.3 Ruminant Market 2019-2024 (Volume/Units) - Global Industry Research
6.4 Pet Market 2019-2024 (Volume/Units) - Global Industry Research
6.5 Aqua Market 2019-2024 (Volume/Units) - Global Industry Research
6.6 Equine Market 2019-2024 (Volume/Units) - Global Industry Research
7.North America Animal Feed Enzyme Market:Product Estimate Trend Analysis Market 2019-2024 ($M)
7.1 Carbohydrases Market 2019-2024 ($M) - Regional Industry Research
7.2 Protease Market 2019-2024 ($M) - Regional Industry Research
8.North America Animal Feed Enzyme Market:Formulation Estimate Trend Analysis Market 2019-2024 ($M)
8.1 Liquid Market 2019-2024 ($M) - Regional Industry Research
8.2 Dry Market 2019-2024 ($M) - Regional Industry Research
9.North America Animal Feed Enzyme Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
9.1 Poultry Market 2019-2024 ($M) - Regional Industry Research
9.2 Pig Market 2019-2024 ($M) - Regional Industry Research
9.3 Ruminant Market 2019-2024 ($M) - Regional Industry Research
9.4 Pet Market 2019-2024 ($M) - Regional Industry Research
9.5 Aqua Market 2019-2024 ($M) - Regional Industry Research
9.6 Equine Market 2019-2024 ($M) - Regional Industry Research
10.South America Animal Feed Enzyme Market:Product Estimate Trend Analysis Market 2019-2024 ($M)
10.1 Carbohydrases Market 2019-2024 ($M) - Regional Industry Research
10.2 Protease Market 2019-2024 ($M) - Regional Industry Research
11.South America Animal Feed Enzyme Market:Formulation Estimate Trend Analysis Market 2019-2024 ($M)
11.1 Liquid Market 2019-2024 ($M) - Regional Industry Research
11.2 Dry Market 2019-2024 ($M) - Regional Industry Research
12.South America Animal Feed Enzyme Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
12.1 Poultry Market 2019-2024 ($M) - Regional Industry Research
12.2 Pig Market 2019-2024 ($M) - Regional Industry Research
12.3 Ruminant Market 2019-2024 ($M) - Regional Industry Research
12.4 Pet Market 2019-2024 ($M) - Regional Industry Research
12.5 Aqua Market 2019-2024 ($M) - Regional Industry Research
12.6 Equine Market 2019-2024 ($M) - Regional Industry Research
13.Europe Animal Feed Enzyme Market:Product Estimate Trend Analysis Market 2019-2024 ($M)
13.1 Carbohydrases Market 2019-2024 ($M) - Regional Industry Research
13.2 Protease Market 2019-2024 ($M) - Regional Industry Research
14.Europe Animal Feed Enzyme Market:Formulation Estimate Trend Analysis Market 2019-2024 ($M)
14.1 Liquid Market 2019-2024 ($M) - Regional Industry Research
14.2 Dry Market 2019-2024 ($M) - Regional Industry Research
15.Europe Animal Feed Enzyme Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
15.1 Poultry Market 2019-2024 ($M) - Regional Industry Research
15.2 Pig Market 2019-2024 ($M) - Regional Industry Research
15.3 Ruminant Market 2019-2024 ($M) - Regional Industry Research
15.4 Pet Market 2019-2024 ($M) - Regional Industry Research
15.5 Aqua Market 2019-2024 ($M) - Regional Industry Research
15.6 Equine Market 2019-2024 ($M) - Regional Industry Research
16.APAC Animal Feed Enzyme Market:Product Estimate Trend Analysis Market 2019-2024 ($M)
16.1 Carbohydrases Market 2019-2024 ($M) - Regional Industry Research
16.2 Protease Market 2019-2024 ($M) - Regional Industry Research
17.APAC Animal Feed Enzyme Market:Formulation Estimate Trend Analysis Market 2019-2024 ($M)
17.1 Liquid Market 2019-2024 ($M) - Regional Industry Research
17.2 Dry Market 2019-2024 ($M) - Regional Industry Research
18.APAC Animal Feed Enzyme Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
18.1 Poultry Market 2019-2024 ($M) - Regional Industry Research
18.2 Pig Market 2019-2024 ($M) - Regional Industry Research
18.3 Ruminant Market 2019-2024 ($M) - Regional Industry Research
18.4 Pet Market 2019-2024 ($M) - Regional Industry Research
18.5 Aqua Market 2019-2024 ($M) - Regional Industry Research
18.6 Equine Market 2019-2024 ($M) - Regional Industry Research
19.MENA Animal Feed Enzyme Market:Product Estimate Trend Analysis Market 2019-2024 ($M)
19.1 Carbohydrases Market 2019-2024 ($M) - Regional Industry Research
19.2 Protease Market 2019-2024 ($M) - Regional Industry Research
20.MENA Animal Feed Enzyme Market:Formulation Estimate Trend Analysis Market 2019-2024 ($M)
20.1 Liquid Market 2019-2024 ($M) - Regional Industry Research
20.2 Dry Market 2019-2024 ($M) - Regional Industry Research
21.MENA Animal Feed Enzyme Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
21.1 Poultry Market 2019-2024 ($M) - Regional Industry Research
21.2 Pig Market 2019-2024 ($M) - Regional Industry Research
21.3 Ruminant Market 2019-2024 ($M) - Regional Industry Research
21.4 Pet Market 2019-2024 ($M) - Regional Industry Research
21.5 Aqua Market 2019-2024 ($M) - Regional Industry Research
21.6 Equine Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Animal Feed Enzymes Market Revenue, 2019-2024 ($M)
2.Canada Animal Feed Enzymes Market Revenue, 2019-2024 ($M)
3.Mexico Animal Feed Enzymes Market Revenue, 2019-2024 ($M)
4.Brazil Animal Feed Enzymes Market Revenue, 2019-2024 ($M)
5.Argentina Animal Feed Enzymes Market Revenue, 2019-2024 ($M)
6.Peru Animal Feed Enzymes Market Revenue, 2019-2024 ($M)
7.Colombia Animal Feed Enzymes Market Revenue, 2019-2024 ($M)
8.Chile Animal Feed Enzymes Market Revenue, 2019-2024 ($M)
9.Rest of South America Animal Feed Enzymes Market Revenue, 2019-2024 ($M)
10.UK Animal Feed Enzymes Market Revenue, 2019-2024 ($M)
11.Germany Animal Feed Enzymes Market Revenue, 2019-2024 ($M)
12.France Animal Feed Enzymes Market Revenue, 2019-2024 ($M)
13.Italy Animal Feed Enzymes Market Revenue, 2019-2024 ($M)
14.Spain Animal Feed Enzymes Market Revenue, 2019-2024 ($M)
15.Rest of Europe Animal Feed Enzymes Market Revenue, 2019-2024 ($M)
16.China Animal Feed Enzymes Market Revenue, 2019-2024 ($M)
17.India Animal Feed Enzymes Market Revenue, 2019-2024 ($M)
18.Japan Animal Feed Enzymes Market Revenue, 2019-2024 ($M)
19.South Korea Animal Feed Enzymes Market Revenue, 2019-2024 ($M)
20.South Africa Animal Feed Enzymes Market Revenue, 2019-2024 ($M)
21.North America Animal Feed Enzymes By Application
22.South America Animal Feed Enzymes By Application
23.Europe Animal Feed Enzymes By Application
24.APAC Animal Feed Enzymes By Application
25.MENA Animal Feed Enzymes By Application
26.Novozymes, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Royal Dsm N V, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Basf Se, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Danisco A/S, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Enmex S A De C V, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Advanced Enzyme, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Adisseo, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Elanco, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Bioresource International, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Bioproton Pty Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Beldem S A, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Ab Vista, Sales /Revenue, 2015-2018 ($Mn/$Bn)
38.Behn Meyer Holding Ag, Sales /Revenue, 2015-2018 ($Mn/$Bn)