Feed Enzyme Market Size, Share, Trends, Analysis and Forecast 2021-2030

In a recent published report, Kenneth Research has updated the market report for Feed Enzyme Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Feed Enzyme Market products.

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Moreover, amongst all the continents that used pesticides, Asia registered as the largest user of pesticides by attaining a share of 52.4% in the year 2018. It was followed by the Americas, Europe, Africa and Oceania with 32.3%, 11.6%, 2% and 1.7% respectively. The statistics also stated that China was the largest user of pesticides amongst all the nations worldwide, utilizing 1,763,000 tonnes of pesticides for agricultural use.

Feed Enzyme Market – Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2023
Feed enzymes are the additive ingredients used with the fodder of animals to enhance their digestion capabilities. These special types of biologically active chemicals expedite the digestion process and help in retaining useful nutrition like phosphorous that aid in animal development. The market according to enzyme type is divided into Phytase, Protease, Carbohydrase & Others. Carbohydrase is further categorized into amylase, xylanase, and mannanase. The main application areas of feed enzymes covered in the study are ruminants, poultry, swine, aquatic, etc.

Globally, the demand for feed enzyme is high in economically developing countries, whereas the developed regions are moving towards saturation. Extensive consumption of enzymes comes from poultry and swine segments due to better adoption rate in the industry. Further research and developments in enzyme biotechnology for stabilizing enzyme effectiveness is expected to boost the growth in the next five years.

The regional demand for feed enzyme is growing, especially in the Asia Pacific and Latin American regions. This growth is supported by the increasing awareness for enzyme biotechnology and high consumption rate for animal products in these regions. Currently, Europe is the global leader in the feed enzyme market from the demand side. The European region has strict policies for the animal product consumption, providing the maximum usage of high-quality feed enzymes. From the supplier side, the Asia Pacific followed by North America are the market leaders. Developing and underdeveloped markets like Latin America, Middle East & Africa are also witnessing capital investments for research and development for product development of feed enzymes which is increasing the regional competition.
The study of the feed enzyme market by Infoholic Research provides the market size information and market trends along with factors and parameters impacting it in both short- and long-term. The study ensures a 360° view, bringing out the key insights of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions for improved profitability. In addition, the study helps venture capitalists in understanding the companies better and make informed decisions. Some of the key players in the feed enzyme market are DowDuPont, Cargill, BASF, Novozymes, and Novus International. 

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The global feed enzyme market is expected to grow at a CAGR of 7.3% during the forecast period. It is expected to reach $1.51 billion by 2023. The Asia Pacific has the fastest growth rate and is expected to move towards greater adoption of feed enzyme technology. This will directly boost the consumption value majorly coming from China, Australia, and Latin America.

Report Scope:
By Enzyme Type
• Phytase
• Protease
• Carbohydrase
o Amylase
o Xylanase
o Mannanase
By End-users
• Ruminants
• Poultry
• Swine
• Aquatic Animals
• Others

Regions
• Asia Pacific
• North America
• Europe
• Latin America
• Middle East
• Africa

Table of Contents
1 Report Outline
1.1 Introduction
1.2 Report Scope
1.3 Market Definition
1.4 Research Methodology
1.4.1 Data Collation & In-House Estimation
1.4.2 Market Triangulation
1.4.3 Forecasting
1.5 Study Declarations
1.6 Report Assumptions
1.7 Stakeholders
2 Executive Summary
2.1 Asia Pacific is the fastest growing region in Feed enzyme Market
2.2 Poultry industry fueling the growth of feed enzyme
3 Market Positioning
3.1 Total Addressable Market (TAM): Feed additive market
3.1.1 Market Overview
3.1.2 Major Trends
3.2 Segmented Addressable Market (SAM)
3.3 Related Markets
4 Market Outlook
4.1 Overview
4.2 Value Chain Analysis
4.3 PESTLE Analysis
4.4 Porter 5 (Five) Forces
4.5 Patent Analysis
5 Market Characteristics
5.1 Market Segmentation
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing penetration of feed enzyme towards new markets
5.2.1.2 Innovation in new biotechnology formulations
5.2.1.3 Good efficacy in terms of product usage and returns
5.2.2 Restraints
5.2.2.1 High product prices and limited players
5.2.2.2 Changing geo-political structure of various countries affecting the market
5.2.2.3 Limited understanding of application & usage in underdeveloped countries
5.2.3 Opportunities
5.2.3.1 Need for better and cost-effective feed enzyme
5.2.3.2 Large untapped market in developing and underdeveloped countries
5.2.4 DRO – Impact Analysis
6 By Type: Market Size and Analysis
6.1 Overview
6.2 Phytase
6.3 Protease
6.4 Carbohydrase
6.5.1 Carbohydrase type (Amylase, Xylanases, Mannanases)
7 By Source: Market Size and Analysis
7.1.1 Overview
7.2 Microorganism
7.3 Plant
7.4 Animal
7.5 Vendor Profiles
7.5.1 Cargill Inc.

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