Animal Feed Enzymes Market Overview:

The valuation of the global animal feed enzymes market was USD 1,902.9 million in 2021. It is anticipated to register a CAGR of 8.6% in the coming years.

Enzymes act as initiators and catalysts to improve various chemical or biochemical reactions. These products are used in multiple animal food processing as additives.

Global Animal Feed Enzymes Market Scope:

Product Analysis

Globally, the main product segments for this market are proteases, carbohydrates, and phytases. These products are used extensively in producing and processing animal foodstuffs due to their essential properties. Phytases accounted for 84.7% of the industry's total revenue in 2021. These products have a high level of phosphorus, which is crucial for animal metabolism and reproduction.

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These products also help increase consistency in fodder, which can, in turn, improve livestock production. Proteases are expected to be the fastest-growing segment in the global industry. They are predicted to provide lucrative opportunities for the sector over the forecast period. These proteins-digesting molecules are becoming more important in poultry, pigs, and other sectors.

Formulation Analysis

There are two types of commercial formulations for feed enzymes: liquid and dry. The dominant revenue share for the entire industry was in the dry formulation in 2021.

These products are more popular than liquid-based additives due to the ease of handling, high thermal stability, and enhanced enzyme activity. There are both powdered and pellet forms of dry formulations available on the global market. This category is expected to be used in significant numbers in poultry and ruminant feeds over the coming years.

Application Analysis

For poultry, pigs, ruminant aqua, pets, and horses, enzymes can be added. Poultry accounted for 48.7% of the industry's overall market share in 2021. These products are known to increase the energy value and weight gain of poultry livestock.

It is believed that enzyme consumption by pigs and ruminants can be increased at a rapid rate. Incorporating these additives in the processing of pig or ruminant foodstuffs is crucial for improving animal health, digestibility, and maximum utilization of nutrients, as well as minimizing the environmental footprint.

Key Market Segments:

By Product

• Carbohydrases
• Phytases
• Proteases
• Other Products

By Formulation

• Dry
• Liquid

By Application

• Pigs
• Poultry
• Ruminant
• Pets
• Aqua
• Equine

Market Dynamics:

Animal feed enzymes can be used under both acidic pH conditions as well as at pelleting temperatures in feed processing operations. They also decrease the viscosity of non-starch polysaccharides in animal fodder, which increases the livestock's digestion rate. These catalytic products are in high demand because of the increase in poultry and pork fodder consumption.

The U.S. is a key consumer of fodder additives, including vitamins and enzymes. One of the main factors driving market demand is the well-established livestock production sector and strict food safety regulations governing the use of additives. The country's current clean label movement regarding additives and ingredients used during animal feed processing is expected to boost the development and future availability of natural and microbial feed proteins. Advanced Enzymes Technologies Ltd. has a large product portfolio of carbohydrates, proteases, and other enzymes under the DigeGrain name.

In the future, the growth in animal feed enzymes will be supported by the industrialization of animal fodder and increasing livestock farming and breeding in India, China, Brazil, and India. The production of large livestock sectors, including aqua, ruminant, pork, and poultry, is expected to increase the need for ingredients that will improve the metabolism of the livestock and maintain the fodder's nutritional and energy values.

Regional Analysis:

Europe was responsible for 35.2% of the industry share in 2021, closely followed by North America and the Asia Pacific. Russia and Spain will likely see substantial industry growth over the coming years. Germany and Spain are currently the top two producers of livestock in Europe. Growth is supported by a strong end-user industry and a well-channeled distribution system. Due to increased livestock production and increasing pork consumption, countries in the eastern half of Europe (including Russia) are likely to experience the most rapid growth.

The Asia Pacific industry will experience the fastest growth because of key socio-economic variables such as rising meat consumption in India, China, and other Southeast Asian countries. A growing awareness of livestock diseases has resulted in the acceptance of safe animal nutrition practices. This will likely play a significant role in driving the demand for animal feed additives within the region.

Key Regions and Countries covered in the report:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

Novozymes is one of the major industry players. Companies are focused on increasing their market presence through various growth strategies like research & development and new product launches. They also expand production capacity, joint ventures, and acquisitions, as well as joint ventures. To cater to India's livestock fodder industry, BASF SE introduced Natuphos E (a new enzyme) in January 2021.

Market Key Players:

• Novozymes A/S
• DuPont de Nemours, Inc.
• AB Enzymes GmbH
• Koninklijke DSM N.V.
• BASF SE
• Kemin Industries
• The Soufflet Group
• Youtell Bio Chemical Inc.
• Other Key Players

For the Animal Feed Enzymes Market research study, the following years have been considered to estimate the market size: