North America's feed enzymes market was valued at USD 24.55 billion in 2023 and is anticipated to reach USD 26.11 billion in 2024 from USD 42.91 billion by 2032, growing at a CAGR of 6.40% during the forecast period from 2024 to 2032.
Feed enzymes are a crucial part of commercial animal feeds. The inclusion of feed enzymes is an effective substitute to achieve optimum feed efficiency. The absence of certain enzymes in livestock leads to the wastage of essential nutrients and increases the cost of feeds to compensate for the appropriate nutritional elements. Feed enzymes have become an essential part of the globally increasing milk & meat industry. Demand for high-quality meat, developing economies with disposable income and sustainable alternatives, and an increase in demand for better and more efficient feed additives as alternatives to feed antibiotics and to manage input costs in livestock production are the factors that are driving the feed enzymes market in North America. The rising cost of imported raw materials and the price volatility of agricultural commodities are the factors that are hindering market growth.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2032 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2032 |
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CAGR |
6.40% |
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Segments Covered |
By Ingredients, Animal Type, and Country |
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Various Analyses Covered |
Global, Regional and Country Level Analysis, Segment-Level Analysis; DROC, PESTLE Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Analyst Overview of Investment Opportunities |
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Regions Covered |
US, Canada and the Rest of North America |
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Market Leaders Profiled |
DuPont, DSM, BASF Corporation, Alltech, Novozymes, Adisseo France, AB Enzymes GmbH, Advanced Enzymes Technologies Limited, Amano Enzyme Inc. Bio Vet JSC, Biocatalysts Ltd, Chr. Hansen Inc, Enmex Sa De Cv, Lesaffre Group, PURATOS GROUP, Rossari Biotech Limited, Shenzhen Leveking Bio-Engineering Co. Ltd, Sunson Industry Group Company Limited. |
North America Feed Enzymes Market Analysis By Ingredients
Poultry and swine segments comprise the majority of the feed enzyme market share, followed by ruminants. Carbohydrase are the most widely used enzyme.
It is the second-largest market in feed enzymes, with a market share of 22% in 2021. Animal husbandry is developing in the North American region with increasing attention towards favorable feeding patterns for livestock. This is leading to the demand for feed enzymes. The United States is the largest market within the region, followed by Canada. Increasing meat exports and rising domestic consumption are the major driving factors for feed enzymes in Canada.
DuPont, DSM, BASF Corporation, Alltech, Novozymes, Adisseo France, AB Enzymes GmbH, Advanced Enzymes Technologies Limited, Amano Enzyme Inc. Bio Vet JSC, Biocatalysts Ltd, Chr. Hansen Inc, Enmex Sa De Cv, Lesaffre Group, PURATOS GROUP, Rossari Biotech Limited, Shenzhen Leveking Bio-Engineering Co. Ltd, Sunson Industry Group Company Limited. Some of the major key players are involved in the North American feed enzymes market.
Frequently Asked Questions
The current size of the North American feed enzymes market is expected to be valued at USD 24.54 Billion in 2023.
The North American feed enzymes market is expected to grow to USD 33.06 Billion by 2028.
The United States is the largest market within the region, followed by Canada. Increasing meat exports as well as rising domestic consumption, is the major driving factor for feed enzymes in Canada.
DuPont, DSM, BASF Corporation, Alltech, Novozymes, Adisseo France, AB Enzymes GmbH, Advanced Enzymes Technologies Limited, Amano Enzyme Inc. Bio Vet JSC, Biocatalysts Ltd, Chr. Hansen Inc, Enmex Sa De Cv, Lesaffre Group, PURATOS GROUP, Rossari Biotech Limited, Shenzhen Leveking Bio-Engineering Co. Ltd, Sunson Industry Group Company Limited. Some of the major key players involved in the North American feed enzymes market.
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