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The global enzymes market attained a volume of more than 965 KMT in 2019. It is projected to attain a volume of 1393 KMT by 2025, growing at a CAGR of 6.3% in the forecast period of 2020-2025. The limitations put on the use of antibiotics as growth enhancers around the world along with an increase in the consumption of animal proteins have aided the feed enzymes market. More than one-tenth of the enzymes are used in animal feed applications. The global feed enzymes market is anticipated to grow at a CAGR of 6.6% during the forecasted period. Key market drivers, such as rising meat consumption, increased demand for poultry globally and ban on antibiotics in the EU are anticipated to propel the market growth.
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Properties and Applications
Enzymes are naturally occurring proteins produced during the process of digestion. However, the digestive process among livestock like poultry, swine, cattle, horses, and sheep tend to be inefficient. Thus, there is a need to improve the quality of feed by adding enzymes to it. Feed enzymes not only help in the digestive process of the livestock animals but also improves the nutrient content of the feed and thus, help in the improvement of energy and nutrient utilization.
They boost the performance of livestock by enhancing and increasing the immunity of these animals. Also, by enhancing the gut health of the animals, feed enzymes help decrease environmental pollution by reducing waste as well as help reduce the prices of feed management. In young animals, with still-developing digestive tracts, the feed enzymes add to the enzymes already produced by them.
The feed enzymes market is divided into the following enzyme types:
Carbohydrase and protease are the leading enzymes that act as additives to animal feed. Feed enzymes enhance the nutrition of the feed by adding fibre, vitamins, minerals, and other advantageous nutrients to the animal feed which need to be digested fully to prove beneficial to the animal and the producers of meat. They find their application in the farming, livestock, and aquaculture sectors, among others.
The feed enzymes market is driven by the growing meat industry globally due to a rise in meat consumption worldwide. In 2016, poultry was the largest segment among livestock in which feed enzymes found their largest application. There has been a rising demand for poultry globally and feed enzymes help increase the growth rate and strengthens the immune system of the poultry birds. The rising population of farm animals as a consequence of growing demand for animal proteins has also aided the market.
The ban on antibiotics as growth promoters in the European Union and the other parts of the world has also greatly helped the growth of the feed enzymes market as consumers are increasingly using these enzymes as alternatives to antibiotics. People are also increasingly preferring the use of feed enzymes due to their added health benefits, which reduces the chances of metabolic disorders among animals, and their long-term positive impact on the environment.
The Asia Pacific is emerging as one of the leading markets for feed enzymes, with China, India, and Japan as the major producers in the region. The Asia Pacific market is being driven by a growing demand for poultry and pork in China and India due to rising population, increasing purchasing power among the consumers and a change in lifestyle and eating habits. The market in the region is also being driven by the rising need for food security which has led to large investments in the research and development for the industry. Changing farming practices across the region is also aiding the market.
The report analyses the following key players in the global feed enzymes market, looking into their capacity, market share, and latest development like mergers and acquisitions, capacity expansions and plant turnarounds:
EMR’s comprehensive landscape gives an in-depth analysis of the market by providing a SWOT analysis as well as an analysis of Porter’s five forces.
2 Research Methodology
3 Executive Summary
3.1 Market Overview
3.2 Key Demand Drivers
3.3 Top Global Suppliers
3.4 Supply Market Changes
4 Global Enzymes Market Overview
4.1 Chart: Global Enzymes Demand by Type
4.2 Chart: Global Enzymes Demand by Application
4.3 Figure: Global Enzymes Historical Consumption (2015-2019) & Forecast (2020-2025)
4.4 Figure: Global Enzymes Historical Production (2015-2019) & Forecast (2020-2025)
4.5 Figure: Global Enzymes Consumption by Region
4.6 Figure: Global Enzymes Production by Region
5 Global Feed Enzymes Market
5.1 Global Feed Enzymes Market Analysis
5.1.1 Chart: Demand by Type
5.1.2 Chart: Demand by Application
5.1.3 Chart: Demand by Form
184.108.40.206 Dry Form
220.127.116.11 Liquid Form
5.1.4 Figure: Global: Enzymes Historical Consumption (2015-2019) & Forecast (2020-2025)
5.1.5 Figure: Global: Historical Production (2015-2019) & Forecast (2020-2025)
5.1.6 Figure: Global: Historical Consumption (2015-2019) & Forecast (2020-2025); Performance by Type
5.1.7 Figure: Global: Historical Production (2015-2019) & Forecast (2020-2025); Performance by Type
5.1.8 Figure: Regional: Historical Consumption (2015-2019) & Forecast (2020-2025)
18.104.22.168 North America
22.214.171.124.1 United States of America
126.96.36.199.2 United Kingdom
188.8.131.52 Asia Pacific
184.108.40.206 Latin America
220.127.116.11 Middle East & Africa
18.104.22.168.1 Saudi Arabia
22.214.171.124.2 United Arab Emirates
126.96.36.199.4 South Africa
5.1.9 Figure: Regional: Historical Production (2015-2019) & Forecast (2020-2025)
188.8.131.52 North America
184.108.40.206.1 United States of America
220.127.116.11.2 United Kingdom
18.104.22.168 Asia Pacific
22.214.171.124 Latin America
126.96.36.199 Middle East & Africa
188.8.131.52.1 Saudi Arabia
184.108.40.206.2 United Arab Emirates
220.127.116.11.4 South Africa
5.2 SWOT Analysis
5.3 Value Chain Analysis
5.4 Porter’s Five Forces Analysis
5.4.2 Buyer’s Power
5.4.3 Supplier’s Power
5.4.4 New Entrants
5.4.5 Degree of Rivalry
5.5 Global (HS Code-350790) Trade Analysis (2019)
5.5.1 Major Exporting Countries by Value & Volume
5.5.2 Major Importing Countries by Value & Volume
5.6 Regional Feed Enzymes Price Analysis
5.6.1 North America
18.104.22.168 Phytase Historical Price Trends (2015-2019) & Forecast (2020-2025)
22.214.171.124 Protease Historical Price Trends (2015-2019) & Forecast (2020-2025)
126.96.36.199 Carbohydrase Historical Price Trends (2015-2019) & Forecast (2020-2025)
188.8.131.52 Phytase Historical Price Trends (2015-2019) & Forecast (2020-2025)
184.108.40.206 Protease Historical Price Trends (2015-2019) & Forecast (2020-2025)
220.127.116.11 Carbohydrase Historical Price Trends (2015-2019) & Forecast (2020-2025)
5.6.3 Asia Pacific
18.104.22.168 Phytase Historical Price Trends (2015-2019) & Forecast (2020-2025)
22.214.171.124 Protease Historical Price Trends (2015-2019) & Forecast (2020-2025)
126.96.36.199 Carbohydrase Historical Price Trends (2015-2019) & Forecast (2020-2025)
5.6.4 Latin America
188.8.131.52 Phytase Historical Price Trends (2015-2019) & Forecast (2020-2025)
184.108.40.206 Protease Historical Price Trends (2015-2019) & Forecast (2020-2025)
220.127.116.11 Carbohydrase Historical Price Trends (2015-2019) & Forecast (2020-2025)
5.6.5 Middle East & Africa
18.104.22.168 Phytase Historical Price Trends (2015-2019) & Forecast (2020-2025)
22.214.171.124 Protease Historical Price Trends (2015-2019) & Forecast (2020-2025)
126.96.36.199 Carbohydrase Historical Price Trends (2015-2019) & Forecast (2020-2025)
6 Competitive Landscape & Supplier Analysis
6.1 Novozymes Inc.
6.2 DSM Nederland B.V.
6.3 DuPont Co.
6.4 Archer Daniels Midland Company
6.6 Novus International, Inc.
6.7 BioResource International, Inc.
6.8 Biovet, Inc.
6.9 Wenger Feeds, LLC
6.10 Bioproton Europe Oy
6.11 AVEVE Biochem NV
6.12 VEMO 99 Ltd.
6.13 Palital Feed Additives B.V.
6.14 Phytobiotics Futterzusatzstoffe GmbH
6.15 Bioseutica B.V.
6.16 Kemin Industries, Inc.
6.17 Amano Enzymes
6.18 AB Enzymes GmbH
7 Events and Developments
8 Additional Customisations available
8.1 Manufacturing Process
8.1.1 Detailed Process Flow
8.1.2 Operations Involved
8.1.3 Mass Balance
8.2 Cost Analysis
8.2.1 Land, Location and Site Development
8.2.3 Plant Machinery
8.2.4 Cost of Raw Material
8.2.9 Other Capital Investment
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