The Feed Enzymes market is projected to reach USD 1.87 billion by 2033. In 2023, the market size was valued at USD 1.24 billion, and it is anticipated to grow at a compound annual growth rate (CAGR) of 4.47% from 2023 to 2033. This market encompasses the global industry involved in the production, distribution, and sale of enzymes used as feed additives in animal nutrition. Feed enzymes are natural proteins that catalyze biochemical reactions in animals' digestive systems, helping to break down complex nutrients such as carbohydrates, proteins, and lipids into simpler, more absorbable forms. These enzymes are commonly added to animal feed to enhance feed efficiency, improve nutrient utilization, promote animal growth, and reduce environmental pollution by decreasing the excretion of undigested nutrients.
The latest research report by Evolve Business Intelligence explores the various factors influencing the global market. It includes an analysis of the current market size, forecasts for key segments and regions, and the driving forces behind market growth. The report examines the potential impacts of key trends on business strategies and provides a SWOT analysis of critical sectors for each major competitor and customer group. This valuable data highlights the conglomerates likely to impact the industry, crucial for any company planning to invest strategically over the next five years. These insights complement our initial quantitative study, aiding in new investments and strategic planning to mitigate threats in existing sectors.
Segments covered
By Type (Protease, Phytase, Others)
By Livestock (Swine, Poultry, Ruminants, Aquatic Animals, Others)
By Form (Dry, Liquid, Others), By Source (Microorganism, Plant, Animal, Others)
Key players
BASF
DUPONT
Koninklijke DSM
Rossari Biotech Ltd.
Associated British Foods
Bec Feed Solutions
Sunson Industry Group Co. Ltd.
ADM
Amorvet
Novus International Inc.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook