Enzymes help break down complex molecules in feed into simpler molecules that can be easily absorbed by animals, improving digestion and feed utilisation. In addition, they maintain the overall health of the animal and promote weight gain and performance. However, despite these important features, the share of the feed enzymes market in the global feed additive market is estimated to be only 3.8% in 2022. In addition, it is estimated that the feed enzymes market, which has a size of around USD 1.5 billion in 2023, could reach a size of around USD 2.3 billion in 2030.
In animals, enzymes are crucial for accelerating and regulating various biochemical reactions. By increasing the speed of chemical reactions, enzymes enable animals to perform vital functions such as producing energy, digesting nutrients and repairing their cells more quickly and efficiently. Enzymes, which prevent the energy generated as a result of a reaction from harming the living organism with energy control, also reduce the activation energy required for the initiation of a reaction, allowing animals to perform biochemical reactions with less energy expenditure. Enzymes also play an important role in the metabolic activities of animals. These activities include processes such as energy production, growth, movement and regeneration of cells. All these functions enable animals to survive and grow in a healthy way. Without enzymes, many chemical reactions in animal bodies would occur very slowly or not at all.
Due to these valuable functions, enzymes are considered as an important component of animal feeds. Enzymes help to break down complex molecules in feed into simpler molecules that can be easily absorbed by animals. With this function, they increase the absorption rate of nutrients in the intestines and promote the maintenance of the animal’s overall health. They improve growth and development in young animals by assisting the transition from breast milk to solid feed. They improve weight gain and performance by increasing feed utilisation. They reduce the amount of undigested feed produced as waste by enabling animals to utilise feedstuffs at a much higher rate, thereby reducing the impact of animal production on the environment. And also, they contribute to the reduction of feed costs by improving feed quality. They can protect intestinal health and prevent the growth of pathogenic microorganisms. All this means higher profit margins for businesses.
SOME ENZYMES USED IN ANIMAL NUTRITION
Animals utilise different enzymes for different functions. Therefore, there are a variety of feed enzymes used in animal nutrition, each serving a unique purpose. For example, digestive enzymes are the most commonly used enzymes in animals. Enzymes in this group, which include lipases, proteases and amylases, help digestion by contributing to the breakdown of fats, proteins and carbohydrates. Carbohydrases release more of the energy contained in rations, allowing higher performance from the same amount of feed. Proteases contribute to the reduction of feed costs by increasing protein digestion in various feed ingredients. Phytases are used to break down phytate, a molecule not usually found in livestock. This process releases additional phosphorus in feed for pigs and poultry, thereby increasing natural phosphorus availability, improving performance and reducing feed costs and environmental impact. Other enzymes used in animal feed include xylanases, β-glucanases, pectinases, galactosidases, cellulases and β-mannanase. These enzymes improve the uptake of ration components such as protein, amino acids, starch, lipids and energy.
FEED ENZYMES MARKET AND FORECASTS
According to a report by Mordor Intelligence, the global feed enzymes market size will be around USD 1.38 billion in 2023. Explaining that the market grew at a compound annual growth rate (CAGR) of 5.3% during the 2017-2023 period, the company predicts that this rate will decline to 4.98% during the forecast period 2024-2029, and the market size will reach USD 1.76 billion by 2029.
According to Verified Market Research’s (VMR) September 2023 report, the global feed enzymes market, which was valued at USD 1.36 billion in 2022, will grow at a CAGR of 6.2% to reach USD 2.2 billion by 2030.
The report prepared by Future Market Insights (FMI) also provides similar forecasts. According to FMR’s report on the feed enzymes market, the market size will be around USD 1.2 billion in 2023. The report forecasts that the market will grow at a CAGR of 4.4% and reach USD 1.8 billion by 2033.
Another research company pointing to similar data is Stratview Research. According to the company’s report, the size of the global feed enzymes market was USD 1.56 billion in 2022. The company forecasts that the market will grow at a CAGR of 7.95% between 2023 and 2028 and reach a size of USD 2.47 billion in 2028.
The report prepared by Global Market Insights also reveals that the current size of the market has USD 1.77 billion in 2022. Forecasting that the market will grow at a CAGR of 6.5%, the company predicts that the average size will be USD 3.37 billion in 2032.
The estimates of the current size of the market by 5 different research companies evaluated are close to each other, although they differ slightly. However, the projections for growth differ notably. Based on an average calculation based on the data in these 5 reports, it is possible to estimate that the global feed enzymes market will reach USD 1.5 billion in 2023, grow at a CAGR of 5.9% between 2023 and 2030 and reach USD 2.28 billion in 2030.
FACTORS SUPPORTING MARKET DEVELOPMENT
Growing global population, rapid urbanisation, increasing demand for animal foods such as meat and dairy products, and increasing focus on animal health and welfare are considered to be the factors that will drive the growth of the market. However, the effects of enzymes on animal performance and feed costs make it a valuable feed ingredient. In particular, the need to produce more food for the growing population, utilise limited feed ingredient resources more efficiently, increase animal productivity, and reduce the environmental impact of animal production are stimulating the growth of the feed enzymes market. In addition, important measures to improve meat quality and egg production and the antibiotic ban in many regions are also expected to stimulate the market.
FACTORS LIMITING MARKET DEVELOPMENT
There are also some constraints and challenges that may hinder the growth of the market. The numerous benefits that can be achieved through feed enzymes are limited by physiological factors that inhibit the enzyme’s effectiveness. In addition, feeding enzymes to livestock above the prescribed limits may lead to undesirable results. It is reported that the amount of enzyme to be given to an animal depends on factors such as age, size, species, etc. and this can only be determined by experienced professionals such as veterinarians. It is stated that inappropriate consumption of some enzymes may pose a risk to animal health. All these factors are thought to cause a limiting and challenging effect on the enzyme market.
Possible regulatory legislation for feed enzymes may also play a role as a limiting factor.
Some feed enzymes suppliers in the world:
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 Bio-Tech 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
MARKET DEVELOPMENT BY PRODUCT TYPE
The feed enzymes market is categorised on the basis of product type into phytase, carbohydrase, protease, and others. In its report, Mordor Intelligence reveals that carbohydrase held the largest share of the feed enzymes market in 2022, accounting for 46% and USD 576.5 million. The company forecasts that carbohydrase will be the fastest growing sub-segment during 2023-2029, with a CAGR of 5.1%, owing to its contribution to reducing feed costs. However, reports by other research companies indicate that the phytase segment is the largest segment in the enzyme market. Phytases, which are most widely used among feed manufacturers and animal breeders, are expected to grow at a CAGR of 4.9% during the same forecast period. The CAGR expectation for proteases and lipases is 5%.
MARKET SITUATION BY ANIMAL SPECIES
In terms of animal species, the pig segment is expected to exhibit significant growth in the coming period. It is known that pigs have problems in digesting all components of their diets. Therefore, the addition of enzymes such as carbohydrase, protease and phytase to swine feed is seen as an important requirement.
The poultry segment is also expected to gain significant growth momentum in the feed enzymes market in the coming period. With the significant increase in the demand for chicken meat and eggs in the daily diet, the poultry population has also increased significantly. The African Swine Fever outbreak and rising meat prices have had a significant impact on this increase. In addition to this, there are significant investments in poultry farms in areas with dense Muslim populations. This demand for poultry products and increasing investments are expected to contribute to the growth of both the feed additives market in general and the feed enzymes market in particular.
Another remarkable group in terms of animal species 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 2023-2029. 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 | 2023-2028 (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
