The global market size for feed enzymes is estimated to be $ 1.3 billion in 2020 and is expected to reach $ 1.9 billion by 2025, an annual growth rate of 8.1%
The report “Feed enzyme market by type (phytase, carbohydrates and protease), cattle (poultry, pigs, ruminants and aquatic animals), source (microorganism, plant and animal), form (dry and liquid) and region – global forecast up to 2025 ″, The size released by MarketsandMarkets ™ is expected to reach $ 1.9 billion by 2025, which was estimated at $ 1.3 billion in 2020. From 2020, growth of 8.1% is expected. One of the main factors for the feed enzyme industry is to provide cost efficiency in the use of feed. The growing demand for animal products such as meat products, dairy products and eggs as well as the worldwide increasing demand for naturally produced feed additives have also driven the growth of this market.
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The feed enzyme market includes key Tier I and II suppliers such as BASF SE, DowDu Pont, Koninklijke DSM N.V., Bluestar Adisseo and Kemin Industries. These suppliers’ manufacturing facilities are located in various countries in the Asia-Pacific region, Europe, North America, South America and RoW. Although COVID-19 has affected business, there is no significant impact on global business and the supply chain of their feed enzymes. Several player production facilities are still in operation. The international barriers to trade, the closure of restaurants, hotels and markets for live animals, obstacles in the supply chain and consumption patterns of livestock products have been classified as minor, which has disrupted the feed enzyme market. However, demand for feed enzymes in livestock farming is likely to increase in the first and second quarters of 2020, as many farmers resorted to panic buying feed additives in anticipation of possible bottlenecks.
The phytase segment is forecast to dominate the feed enzyme market in the forecast period.
Phytases are digestive enzymes that release plant phosphorus from phytic acid. Monogastric animals like poultry do not have enough phytases to release this phosphorus. The addition of additional phytases to the diet increases the phytate breakdown and the resulting use of vegetable phosphorus. According to DuPont, one of the largest producers of feed enzymes, phytases are the most commonly used type of feed enzymes worldwide, which are found in 90% of poultry and 70% of pig feed. This segment had the highest share worldwide in 2020. Increasing phytic acid degradation and the need to improve the availability of plant phosphorus could therefore offer significant benefits for poultry and pig producers, including lower inorganic phosphorus intake in diets, lower feed costs and better sustainability of animal production.
The poultry segment by livestock is expected to see the highest growth in the market
The poultry segment is expected to grow fastest in the forecast period, as feed enzymes are used intensively in broiler feed, which affects the production of tender meat. Poultry do not produce enzymes for the hydrolysis of non-starch polysaccharide, which is present in the cell wall of grains, and they do not remain hydrolyzed. This leads to low feed efficiency. Feed enzymes break down NSPs, lower intestinal viscosity, and ultimately improve digestibility of nutrients by improving intestinal performance. Poultry in the Asia-Pacific region are also experiencing increasing demand as consumers add white meat to their diet instead of red meat. In addition, growth in the poultry population, which has doubled over the past two decades, according to the United Nations Food and Agriculture Organization (FAO), supports the high growth rate of the poultry segment.
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The Asia Pacific region is valued as the largest and fastest growing market.
The Asia Pacific region dominated the global feed enzyme market in 2019. This was supported by the presence of a large animal population (FAO 2016) and the growth rate. Animal owners in China and India also focus on animal health by using natural solutions.
In addition, the demand for meat and meat products has increased in line with the need for a high protein meat diet. It is estimated that the poultry market in India and China is growing due to factors such as a focus on meat quality and public health campaigns that promote the consumption of low-fat protein options. Fish consumption in the region is also increasing due to similar health trends. On the other hand, the production and consumption of dairy products in the region has increased. These factors are expected to drive the feed enzymes market in the Asia Pacific region.
The main suppliers in the global feed enzyme market are BASF SE (Germany), DowDu Pont (USA), Koninklijke DSM N.V. (Netherlands), Bluestar Adisseo (China) and Kemin Industries (USA).
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