MARKET REPORT FEED & ADDITIVE MAGAZINE February 2024 79 • AB Enzymes (Associated British Foods) • AB Vista • Adisseo • ADM • Advanced Enzyme • Alltech • Anpario Plc • Aum Enzymes • Azelis S.A. • BASF SE • BEC Feed Solutions • Behn Meyer • Beijing Challenge Group • Beijing Smistyle • Beldem S.A. • Berg + Schmidt • BIO-CAT • Biofeed Technology • Bioproton • BioResource • Bioseutica • Biovet • CapriEnzymes • Cargill • Dsm-firmenich (DSM) • Elanco • Enmex (Kerry Group PLC) • Enzyme Development Corporation • Enzyme Innovation • EW Nutrition • Guangdong VTR BioTech Co., Ltd. • Hameco Agro • IFF (Danisco Animal Nutrition) • Impextraco • Kaesler Nutrition • Karyotica Biologicals • Kemin Industries • Lesaffre • Longda Bio-products • Lumis Biotech • Novensis (Novozymes & Chr. Hansen) • Novus International • Nutrex NV • Palital Feed Additives (AVEVE Biochem NV) • Rossari Biotech • SEB Group • Soufflet Group • Sunhy Biology • United Animal Health • VEMO 99 • Wuhan Sunhy Biology Co, Ltd • Yiduoli • York Ag Products SOME FEED ENZYMES SUPPLIERS IN THE WORLD: cies is aquaculture. There are serious investments in the aquaculture sector, which is thought to have an important place in feeding the growing world population. Along with the increasing number of fish farms, there is an increase in the demand for compound feed. It is estimated that the need to protect and improve the performance of aquatic animals will have a positive impact on the feed enzymes market. MARKET DEVELOPMENT BY REGION It is seen that the Asia-Pacific region is taking the leading role in the feed enzymes market, as in many other feed additives. In its report, Mordor Intelligence reveals that Asia-Pacific has a significant share of 31.6 percent in the global feed enzymes market in 2022 with USD 395.9 million. Asia-Pacific is estimated to be an important market for feed enzymes in the future due to high animal population, increasing feed mill and feed production, rising animal protein consumption with rising per capita income, and high adoption rate of feed additives. However, on a regional basis, the fastest growth is projected to take place in North America. According to Mordor Intelligence, North America, which has a market share of 25.8% in 2022, will be the fastest growing region of the global enzyme market with a CAGR of 5.89% during the period 20232029. Europe, another important market, is reported to have a market share of 23.1% in 2022. On a country basis, the US is the largest country in the market, commanding nearly 18% of the market with USD 225.8 million in 2022, and the country is expected to have the fastest growth rate of 6.3% during the forecast period 2023-2029. In the global enzyme market, the US is followed by China with a market share of 13.8. References 1. Animal feed enzymes Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis (theinsightpartners.com) 2. Feed Enzymes Market Size & Share Analysis - Industry Research Report - Growth Trends (mordorintelligence.com) 3. Feed Enzymes Market Size, Share, Trends, Opportunities & Forecast (verifiedmarketresearch.com) 4. Feed Enzymes Market- Trends, Shares & Forecast 2033 (futuremarketinsights.com) 5. Feed Enzymes Market Size, Share & Forecast | 20232028 (stratviewresearch.com) 6. Animal Feed Enzymes Market Size | Growth Report, 2023 – 2032 (gminsights.com) 7. (PDF) 4 Enzymes Used in Animal Feed: Leading Technologies and Forthcoming Developments | Daniel Blackburn - Academia.edu 8. Enzymes-in-Feed.pdf (enzymetechnicalassociation.org) 9. Agriculture | Free Full-Text | Exogenous Enzymes as Zootechnical Additives in Monogastric Animal Feed: A Review (mdpi.com) 10. Top 4 Benefits Of Enzymes In Animal Feed | Infinita Biotech
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