Animal Feed Enzymes Market Size, By Product (Phytase, Carbohydrase, Protease, Non-Starch Polysaccharide), By Form (Dry, Liquid), By Livestock (Poultry, Swine, Aquaculture, Ruminant, Others), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Co

Animal Feed Enzymes Market Size, By Product (Phytase, Carbohydrase, Protease, Non-Starch Polysaccharide), By Form (Dry, Liquid), By Livestock (Poultry, Swine, Aquaculture, Ruminant, Others), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 - 2032

Animal Feed Enzymes Market is expected to showcase lucrative growth through 2032, owing to a rising inclination towards healthy livestock. In addition, the benefits of animal feed enzymes such as optimized gut health, constant growth, and improving overall health are becoming prominent as more research studies are being conducted.

The animal feed enzymes industry is projected to observe hinderance due to the lack of standardized regulatory guidelines. However, the increasing efforts by animal feed enzyme manufacturers to develop efficient and innovative products will add impetus to the market expansion during 2023–2032.

The competitive landscape of animal feed enzyme industry is highly intact. As a result, the leading players operating in the industry are rigorously working on strategic efforts, such as R&D investments, mergers, acquisitions, partnerships, and new product launches, to increase their market share.

To cite an instance, in 2021, Novozymes obtained a majority share in Synergia Life Sciences Pte. Ltd., a well-recognized name in the vitamin K2-7 and spore probiotics fields. The acquisition would enable Novozymes to strengthen its position in functional foods and human health, adding strong developing and manufacturing capabilities in vitamin K2-7 and spore probiotics.

Overall, the animal feed enzymes industry is segmented in terms of product, form, livestock, and region.

Considering the product, the protease market was valued at over USD 220 million in 2022 and is slated to hold a considerable share through 2032 end. Key factors such as improving digestion, decreasing inflammation, promoting healing, speedy recovery, being helpful in irritable bowel syndrome, and ability to reduce muscle soreness will propel the product demand by 2032.

Based on form, the liquid form segment is anticipated to exhibit over 7% CAGR by 2032 end. The growth can be attributed to the rising preference for the gel or paste enzymes, owing to its high premixing ability with the feed.

By livestock, the poultry segment is slated to be valued at over USD 1.4 billion by 2032, owing to the rising adoption of enzymes in the poultry sector. In recent times, poultry feeds have gained more acceptance by producers as they enable them to benefit from several advances in enzyme technology in today’s competitive and challenging market.

Regionally, the Asia Pacific animal feed enzymes industry is anticipated to depict over 6.5% CAGR by 2032. The growth can be attributed to rising meat consumption as a protein source. In addition, the rising threat of diseases in livestock has resulted in the demand for an effective solution for livestock, thus stimulating industry growth.