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Provision of feed cost-efficiency is a significant factor driving global feed enzymes market revenue growth
Feed Enzymes Market Size – USD 1.42 Billion in 2021, Market Growth – at a CAGR of 8.1%, Market Trends – Increasing livestock population in the North America region”
— Emergen Research
VANCOUVER, BC, CANADA, August 30, 2022 /EINPresswire.com/ -- The Global Feed Enzymes Market size is expected to reach USD 2.89 Billion at a steady revenue CAGR of 8.1% in 2030, according to a latest analysis by Emergen Research. The provision of feed cost-efficiency can be attributed to the steady market revenue growth of feed enzymes. Using feed enzymes is cost-effective in various different ways. Enzyme supplements are an effective approach to promoting general good health in farmed animals by increasing the absorption rate of supplements in the stomach. Animals will be healthier for longer periods of time owing to better nutrient retention from their feed, which aids intestinal health and prevents the formation of disease-causing microscopic organisms. This can reduce sickness and ailment frequency in animals, lowering veterinarian costs and increasing overall efficiency.
The livestock industry is one of the most dynamic in the world. It is changing in developing countries in response to rapidly rising demand for animal products. Demand for cattle products is stagnant in industrialized countries, while many production techniques are improving their efficiency and environmental sustainability. Human population expansion, wealth growth, and urbanization have all influenced demand for livestock products in the past, and the production response in various livestock systems has been linked to science and technology as well as increases in animal numbers. This is another major factor driving revenue growth of the market.
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Prominent Players Analyzed in the Report:
BASF SE, DuPont de Nemours, Inc., Koninklijke DSM N.V., Bluestar Adisseo Co., Ltd., Cargill, Incorporated, Associated British Foods plc, Novozymes, Advanced Enzyme Technologies, Kemin Industries, Inc., and Novus International.
Some Key Highlights From the Report
On 1 February 2022, BASF SE, which is a German chemicals company, completed an expansion of its feed enzymes production facility in Ludwigshafen, Germany, enabling it to increase the number of fermentations runs at the site each year
The carbohydrase segment is expected to register a rapid revenue growth rate over the forecast period. This is attributed to increasing adoption of carbohydrase by most animal feed manufacturers and livestock producers to be used as an enzyme. Livestock producers choose to utilize carbohydrase owing to its advantages. Multi-Carbohydrase (MC) supplements such as xylanase, glucanase, and arabinofuranosidase, have been demonstrated to improve energy and protein utilization, nutritional digestibility, and growth rates in chicken.
The microorganism segment is expected to lead in terms of revenue share in the global market over the forecast period owing to the higher use of these sources to extract feed enzymes. Enzymes play an important role in a range of industrial processes and are utilized as organic catalysts. Microbial enzymes, which are generated from diverse microorganisms, are known to be superior enzymes, especially for large-scale industrial applications. Microbial sources of enzyme production are the most desired source for industrial enzyme production as microorganisms are freely available, grow quickly, and can be genetically modified to generate enzymes that work optimally under diverse industrial production circumstances.
The poultry segment is expected to lead in terms of revenue share in the global market over the forecast period owing to increasing use of enzyme additives in poultry feed due to its various benefits and cost-effectiveness. When enzymes are included in the meal, the quantity of energy accessible to the birds increases by 3 to 5%. Adding amylase, protease, and xylanase enzymes to chicken diets allows producers to save money on feed as energy is the most expensive resource in the diet. Supplementing feed with enzymes costs about USD 1.50 per ton of feed. Lower energy layer diets can save up to USD 2.50 per ton, whereas high energy turkey diets can save up to USD 4.00 per ton.
Market in North America is expected to account for largest revenue share during the forecast period, which is attributed to the increasing demand for nutritive protein-based feed products among the countries in the region. Another factor driving revenue growth of the market is the increasing livestock population in countries in the region. As of 2020, the U.S. alone had approximately 93.8 million cattle and calves. As a result, as the number of animals in the region grows, so does the need for feed enzymes, which is driving the region's revenue growth.
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Emergen Research has segmented the global feed enzymes market on the basis of type, source, livestock and region:
Type Outlook (Revenue, USD Million; 2019–2030)
Source Outlook (Revenue, USD Million; 2019–2030)
Livestock Outlook (Revenue, USD Million; 2019–2030)
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Regional Outlook (Revenue, USD Million; 2022-2030)
Rest of Europe
Rest of APAC
Rest of LATAM
Middle East & Africa
Rest of MEA
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About Emergen Research
At Emergen Research, we believe in advancing with technology. We are a growing Marketresearch and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
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