Animal Feed Enzymes Market Size, Share & Trends Analysis Report By Product (Phytase, Carbohydrase), By Formulation (Liquid, Dry), By Application (Poultry, Pigs), By Region, And Segment Forecasts, 2024 - 2030

Animal Feed Enzymes Market Size, Share & Trends Analysis Report By Product (Phytase, Carbohydrase), By Formulation (Liquid, Dry), By Application (Poultry, Pigs), By Region, And Segment Forecasts, 2024 - 2030

Animal Feed Enzymes Market Growth & Trends

The global animal feed enzymes market size is anticipated to reach USD 2.06 billion by 2030, growing at a CAGR of 4.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. One major growth factor for the market is the increasing demand for high-quality animal protein such as meat, milk, and eggs. This demand is driven by the growing population, rising disposable incomes, and urbanization in developing regions.

The global enzymes market was valued at USD 13,112.76 in 2023 and is anticipated to expand notably over the forecast period due to the growing demand for specialty enzymes in research, pharmaceutical, diagnostics, and biotechnology applications. Industrial enzymes are expected to grow significantly due to their increasing demand from animal feed and nutraceutical industries. Rising consumer awareness about health has resulted in the growing consumption of functional food products, which is expected to trigger product demand in the coming years.

The increasing demand for swine and poultry feed plays a vital role in the growth of the global feed industry. These feeds help improve the overall health and well-being of swine and poultry. The animal feed industry comprises livestock raised through the proper use of nutrient-rich fodder. The growth of the animal feed industry worldwide is expected to positively influence the dynamics of the market for enzymes over the forecast period.

The market has experienced notable growth due to increasing demand for improved feed efficiency, better animal health, and sustainable livestock production. However, this growth is not without challenges. A significant restricting factor in this market is the high cost associated with enzyme products. These costs arise from various stages of the enzyme production process, including research and development, manufacturing, and storage, ultimately affecting the affordability and accessibility of these products for end-users. This detailed assessment explores the multifaceted nature of this cost barrier, examining its impact on different stakeholders and market segments.

Animal Feed Enzymes Market Report Highlights

• Phytase is anticipated to grow at a high CAGR of 4.7% from 2024 to 2030. Phytases are enzymes commonly used in animal feed production. Their primary function is to break down phytic acid, a form of phosphorus indigestible for most livestock, into more digestible forms. As phosphorus is an essential nutrient that livestock need for proper growth and development, these enzymes become a vital part of the feed production process. Thus, by adding phytases to animal feed, farmers can improve phosphorus utilization, enhancing overall animal health and performance
• Dry formulation is expected to have the highest CAGR of 4.5% over the forecast period. Dry formulations of animal feed enzymes consist of enzyme preparations incorporated into solid carriers such as maltodextrins or calcium carbonate. These formulations offer distinct advantages regarding stability, shelf life, and ease of handling during feed processing and storage. The dry nature of these enzymes ensures prolonged stability and activity retention, making them suitable for inclusion in pelleted, extruded, or mixed dry feed formulations without concerns about enzyme degradation or loss of efficacy over time. This stability is particularly advantageous in feed manufacturing environments where prolonged storage or variable processing conditions may affect liquid enzyme viability
• Poultry applications witnessed the highest CAGR of 4.9% during the forecast period. The strategic inclusion of enzymes in poultry diets ensures that nutrients are efficiently utilized, promoting health, productivity, and profitability in commercial poultry operations. Moreover, enzymes enable poultry producers to formulate diets that meet the nutritional requirements of different growth stages and production goals, thereby supporting sustainable and efficient poultry farming practices
• The Asia Pacific region witnessed the highest growth rate of 4.9% over the forecast period. There is optimism for poultry farming in Southeast Asia, particularly as raw material costs are expected to stabilize in 2024. Increasing consumer demand for affordable protein sources drives the continued rise in layer feed tonnage. These factors are anticipated to boost animal feed production in the region, thereby driving the consumption of animal feed enzymes
• In January 2022, DSM-Firmenich and Novozymes announced the launch of their new-generation phytase, HiPhorius. This phytase is designed to help poultry producers achieve sustainable and profitable protein production by directly reducing phosphorus emissions from fish, poultry, and swine farms. HiPhorius aims to optimize farmers' values and decrease animal production's environmental footprint

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