North America Animal Feed Enzymes Market

North America Animal Feed Enzymes Market Size (2024 to 2029):

The North American animal feed enzymes market size is expected to reach USD 0.43 billion in 2023 and reach USD 0.54 billion by 2029, growing at a CAGR of 4.63% from 2024 to 2029. The North American animal feed enzymes market is developing at an exceptionally quick pace.

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 animal bodies, 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.

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

This research report on the North American animal feed enzymes market is segmented and sub-segmented into the following categories.

North America Animal Feed Enzymes Market - By Product:

• Phytase
• Carbohydrase
• Protease
• Non-starch polysaccharides

North America Animal Feed Enzymes Market - By Form:

• Dry
• Liquid

North America Animal Feed Enzymes Market - By Livestock:

• Poultry
• Swine
• Aquaculture
• Ruminant

North America Animal Feed Enzymes Market - By Country:

• US
• Canada
• Mexico
• Rest of North America

The US dominates the market, followed by Canada, and is driven by factors like the presence of a well-established livestock production industry.

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 North American animal Feed Enzymes market.