Global Animal Feed Enzymes Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Type;

Cellulase, Proteases, Phytases, Alpha-Amylase, Carbohydrase, Non-Starch Polysaccharides, Others.

By Source;

Animal, Microorganisms, Plant.

By Livestock;

Poultry, Swine, Ruminant, Aquaculture, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn146992177 Published Date: March, 2024 Updated Date: April, 2024

Introduction

Global Animal Feed Enzymes Market (USD Million), 2020 - 2030

In the year 2023, the Global Animal Feed Enzymes Market was valued at USD 1,617.54 million. The size of this market is expected to increase to USD 2,754.26 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 7.9%.

Global animal feed enzymes market has been experiencing steady growth in recent years, driven by the increasing demand for high-quality animal protein products. Enzymes play a crucial role in enhancing the nutritional value of animal feeds by improving digestibility and nutrient absorption, thereby boosting animal growth and performance. The market is also influenced by factors such as the growing trend of incorporating enzymes in feed formulations to reduce the environmental impact of animal production and the rising awareness among livestock producers about the benefits of enzyme supplementation.

Key players in the animal feed enzymes market are focusing on developing innovative enzyme solutions to address specific challenges faced by the industry, such as improving feed efficiency, reducing feed costs, and enhancing animal health. Additionally, technological advancements in enzyme production and formulation are further driving market growth. However, factors such as regulatory restrictions on enzyme usage in animal feeds and fluctuating prices of raw materials could hamper market growth to some extent. Nonetheless, with the increasing adoption of enzymes in animal feed formulations and the rising demand for high-quality animal protein, the market is expected to witness significant growth in the coming years.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Source
    3. Market Snapshot, By Livestock
    4. Market Snapshot, By Region
  4. Global Animal Feed Enzymes Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Demand for High-Quality Animal Protein
        2. Focus on Feed Efficiency and Cost Reduction
        3. Rising Awareness about Animal Health
        4. Technological Advancements in Enzyme Production
      2. Restraints
        1. Regulatory Restrictions
        2. Fluctuating Prices of Raw Materials
        3. Competition from Alternative Feed Additives
        4. Complexity of Enzyme Formulation
      3. Opportunities
        1. Emerging Markets
        2. Product Innovation and Differentiation
        3. Sustainable Feed Solutions
        4. Focus on Precision Livestock Farming
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Animal Feed Enzymes Market, By Type, 2022 - 2032 (USD Million)
      1. Cellulase
      2. Proteases
      3. Phytases
      4. Alpha-Amylase
      5. Carbohydrase
      6. Non-Starch Polysaccharides
      7. Others
    2. Global Animal Feed Enzymes Market, By Source, 2022 - 2032 (USD Million)
      1. Animal

      2. Microorganisms

      3. Plant

    3. Global Animal Feed Enzymes Market, By Livestock, 2022 - 2032 (USD Million)
      1. Poultry
      2. Swine
      3. Ruminant
      4. Aquaculture
      5. Others
    4. Global Animal Feed Enzymes Market, By Geography, 2022 - 2032 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Enzyme Innovation (US)
      2. BASF SE(Germany)
      3. Bioresource International Inc. (US)
      4. Eukaryotic Biologicals Pvt Ltd (India)
      5. Nutrex BE (Central Florida)
      6. AB Enzymes GmbH (Germany)
      7. Koninklijke DSM (Netherlands)
      8. DuPont (US)
      9. Chr. Hansen Holding a/s (Denmark)
      10. Novozymes (Denmark)
      11. Aum enzymes (India)
      12. Caprienzymes (India)
  7. Analyst Views
  8. Future Outlook of the Market

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