Animal Feed Enzymes Market

Global Animal Feed Enzymes Market Size (2024 to 2032)

The global animal feed enzymes market was valued at USD 0.88 billion in 2023 and is anticipated to reach USD 0.94 billion in 2024 from USD 1.66 billion by 2032, growing at a CAGR of 7.3% from 2024 to 2032.

Enzymes generally refer to chemicals or catalysts released by cells that speed up specific chemical reactions. They include enzymes released in the digestive tract, which help in the digestion of food. These enzymes are now added to animal feed also. There are mainly three types of enzymes: phytase, carbohydrase, and protease. They speed up different chemical and biochemical reactions in the animal body thereby making them physically fit. These enzymes can withstand acidic pH conditions and pelleting temperatures during feed processing operations. In addition, feed enzymes lower the viscosity of non-starch polysaccharides in animal fodder which helps in the digestion rate of animals.

Market Drivers

The significant drivers are rising awareness about feed quality to improve animal health and increasing health consciousness along with the growing population. Also, Indigestion due to lack of essential enzymes affects livestock health and creates a demand for fodder additives, which is expected to boost the industry. However, fluctuating prices of raw materials due to the seasonal nature of crops and government regulations are a major constraint.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Animal Feed Enzymes Market By Product

• Phytase
• Carbohydrate
• Protease
• Non-starch polysaccharides

Phytase had nearly two-fifth of the market share and is expected to further increase owing to improved metabolism and reproduction processes among livestock due to high phosphorus content.

Global Animal Feed Enzymes Market By Form

• Dry
• Liquid

The dry segment dominates the market and has around three- fourth of the market share. This is largely due to properties like better thermal stability in food processing as compared to liquid form and easy handling.

Global Animal Feed Enzymes Market By Livestock

• Poultry
• Swine
• Aquaculture
• Ruminant

REGIONAL ANALYSIS

• North America
• Europe
• Asia-Pacific
• Latin America
• the Middle East and Africa

North America is expected to have the largest share followed by Europe. Asia Pacific is expected to have the fastest growth due to factors like rising meat consumption in these regions.

KEY MARKET PLAYERS

Foodchem International, Novozymes, ENMEX, Duo Point, Chr Hansen Holding A/S, DSM N.V., Flavorchem Corporation, DD Williamson & Co., BioExtract and Nutralliance are some of the key players in the animal feed enzymes market.