Global Animal Feed Enzymes Market Size to worth USD 2.14 Billion by 2033: Market Statistics Report

Global Animal Feed Enzymes Market Size to worth USD 2.14 Billion by 2033

According to a research report published by Spherical Insights & Consulting, The Global Animal Feed Enzymes Market Size is Expected to Grow from USD 1.30 Billion in 2023 to USD 2.14 Billion by 2033, at a CAGR of 5.11% during the forecast period 2023-2033. 

Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Animal Feed Enzymes Market Size, Share, and COVID-19 Impact Analysis, By Product (Phytases and Proteases), By Application (Poultry and Pigs), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.  

Animal feed enzymes are biological catalysts that improve the digestive efficiency of livestock by degrading complex components of feed such as fiber, protein, and starch into simpler forms that are readily absorbed. The common use of such enzymes is primarily to enhance the utilization of feeds, reduce costs, and lessen environmental impact due to decreased output of waste products. Common forms of animal feed enzymes include phytase, protease, and carbohydrase which target specific substrates in the feed material. Furthermore, the market for animal feed enzymes is growing at a substantial rate as a result of increasing demand for high-quality protein sources and rising awareness of sustainable livestock farming practices. The global livestock industry is put under pressure to improve feed conversion ratios, reduce greenhouse gas emissions, and ensure animal health, among other factors driving the adoption of feed enzymes. Further advances in the technology of enzyme production, such as recombinant DNA technology, have made it easier to produce more efficient and cost-effective enzymes. However, there are also challenges in the market, which include the high cost of producing enzymes and the lack of awareness among small-scale livestock farmers, especially in developing regions.

The phytases segment is predicted to hold the greatest market share through the forecast period.

Based on the product, the animal feed enzymes market is classified into phytases and proteases. Among these, the phytases segment is predicted to hold the greatest market share through the forecast period. Phytases are widely used to enhance the digestibility of phosphorus in animal feed, reducing the need for inorganic phosphate supplements and lowering phosphorus excretion, which contributes to environmental sustainability.

The poultry segment is anticipated to hold the greatest market share during the projected timeframe.    

Based on the application, the animal feed enzymes market is divided into poultry and pigs. Among these, the poultry segment is anticipated to hold the greatest market share during the projected timeframe. Poultry production represents one of the largest and fastest-growing sectors in the livestock industry, driven by rising global demand for affordable and high-quality protein sources such as chicken and eggs.

North America is estimated to hold the largest animal feed enzymes market share over the forecast period.

North America is estimated to hold the largest animal feed enzymes market share over the forecast period. As consumers increasingly sought high-quality meat products, the use of enzymes has increased. With higher disposable incomes, people have paid more attention to better diets. They improve the health of livestock, resulting in high-quality and nutrient-rich meat. Increasingly, these have replaced antibiotics in livestock production.

Europe is predicted to have the fastest CAGR growth in the animal feed enzymes market over the forecast period. Owing to efficient feed processing and cost-effectiveness. European livestock producers are interested in efficient feed usage and enzymes that break down complex nutrients to improve digestion and animal health in general. In addition, through better nutrient absorption, enzymes minimize waste and environmental degradation, which aligns with the preferences of eco-friendly consumers in Europe.

Company Profiling

Major key players in the animal feed enzymes market are AB Enzymes, BASF SE, Archer Daniels Midland (ADM), Novus International, DSM NV, Cargill, Elanco Animal Health, Kerry Group, Antozyme Biotech, and Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In January 2023, BASF and Cargill took their partnership one step further by expanding it to include additional feed enzyme development and distribution throughout the U.S. Their commitment is to providing innovative, high-value enzyme solutions to the marketplace. The value for customers that this creates by combining BASF's expertise in developing enzymes with application knowledge from Cargill combined with its significant footprint in the markets will allow BASF and Cargill to establish a joint innovation pipeline to support animal protein producers.

Market Segment

This study forecasts global, regional, and country revenue from 2023 to 2033. Spherical Insights has segmented the animal feed enzymes market based on the below-mentioned segments:

Global Animal Feed Enzymes Market, By Product

• Phytases
• Proteases

Global Animal Feed Enzymes Market, By Application

• Poultry
• Pigs

Global Animal Feed Enzymes Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa