MARKET REPORT 86 FEED & ADDITIVE MAGAZINE November 2022 available to birds by 3 to 5%. Adding amylase, protease, and xylanase enzymes to chicken diets allows producers to save money on feed as energy, which is the most expensive resource in the diet. In addition, the swine segment is expected to register a rapid growth rate during the forecast period owing to its various advantages. As the pig cannot fully utilize all of the nutrients in its diet, enzymes can be added to the feed to aid in the breakdown of complex carbohydrates, phytate, and protein. MARKET STATUS ON REGIONAL BASIS Based on regional analysis, North America is expected to account for a dominant revenue share over other regional markets in the global feed enzymes market during the 2022-2030 forecast period. The market in North America is expected to account for largest revenue share during the forecast period, which is attributed to the increasing demand for nutritive protein-based feed products among the countries in the region. Another factor driving revenue growth of the market is the increasing livestock population in countries in the region. As of 2020, the U.S. alone has roughly 93.8 million cattle and calves, according to the Emergen Research. Hence, as there is an increase in livestock in countries of the region, there is also an increase in demand for feed enzymes, which is driving revenue growth in the region. The U.S. is a major user of fodder additives such as emulsifiers, vitamins, and enzymes, according to the Future Market Insights. One of the main drivers of market demand is the presence of a well-established animal production industry along with tight food safety rules regarding the use of additives. The ongoing clean label trend in the country when it comes to ingredients and additives used in the production of animal feed is predicted to stimulate the development of natural and microbial feed enzymes in the future. Market revenue in Asia Pacific is expected to register fastest CAGR over the 2022-2030 forecast period, which is attributed to the presence of a large livestock population and their growth rate and the increase in the number of feed mills. According to Emergen's report, China's cattle farms alone have roughly 61 million head of cattle as of 2020. According to the Future Market Insights's report, with the African Swine Fever (ASF) outbreaks in China, pig herds shrank dramatically in 2019-20, which negatively affected the feed enzymes industry. However, with growing efforts towards herd replenishment, particularly in swine fever-affected areas, demand for products like feed enzymes is expected to rise at a significant pace during the 2022 - 2032 forecast period. Moreover, rapid expansion of poultry sector across the country along with growing usage of enzymes in poultry feed will further accelerate the growth of feed enzymes market in the forthcoming years. In Asia Pacific market, India has the highest livestock population in the world and it is leading producer of cattle and buffaloes, according to the Emergen. India had 305,500 thousand cattle and buffaloes as of 2020, accounting for 33.38% of the world's cattle and buffaloes. According to the Future Market Insights's report, the Indian feed enzymes market is expected to grow rapidly throughout the 2022-2032 forecast period, owing to the increasing use of enzymes in the fermentation of milk to make dairy products such as curd, yoghurt, and cheese as well in making fortified animal feeds. In the next years, India's booming dairy industry is expected to have a beneficial impact on enzyme demand. According to Emergen's report, the market revenue in Europe is expected to register a steady growth rate over the 2022-2030 forecast period, which is attributed to the large livestock population in countries in the region. The number of cattle and calves in the U.K. alone was estimated to be 9.36 million in 2020. Hence, owing to the large livestock population in countries in the region there is a high demand for feed enzymes, which is driving revenue growth of the market in the region during the forecast period. The increased demand for animal products in the
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