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Global Feed Enzymes Market By Type (Protease, carbohydrase, Others), By Source (Animal, Microorganism, Others), By Form (Dry and Liquid), By Livestock (Aquatic Animals, Ruminants, Others), By Region, Forecast & Opportunities to 2026

The global feed enzymes market accounted for a value of USD 1.0 billion in 2019 and is projected to register growth at a CAGR of 6.9% during forecast period.

COVID-19 has impacted the feed enzymes market. The business of feed enzymes is significantly affected due to pandemic however there is no significant impact on the operation of manufacturing unit and the supply chain is also not much affected due to spread of corona virus. Many manufacturing units are operating during lockdown. Due to pandemic, BASF SE decided to stop its Verbund project in April 2020, in which company is planning to invest USD 10 billion. The market will foresee growth post COVID-19.

Definition:

Feed enzymes enhance the quality of animal nutrition. It is used to improve the nutritional properties of animal fodder. Enzymes are defined as natural protein which is secreted by animals that is a part of the feed digestion process. They are used to improve the feed performance and they offer additional nutrients to animal feed.

Market Dynamics (Drivers/Opportunities):

Feed productions consist of approx 60% of total cost in livestock production which reduces feed cost per livestock. The cost is most important for manufacturers around the world. It provides nutritional value which helps in improving digestibility of feed. The adoption of feed enzymes is increasing across the world and this drives growth in feed enzymes market during forecast period.

Feed enzymes are preferred to maintain livestock performance and it also reduces feed cost. It helps in improving digestibility of animals. The concern is increasing about animal health which leads to high adoption of feed enzymes. The demand is increasing for nutritional uptake of feed. This drives growth in feed enzymes market during forecast period.

Market Insights, by Type

On the basis of type, the feed enzymes market is segmented into protease, carbohydrase, phytase and others. The carbohydrase segment is estimated to be fastest growing market during forecast period. Carbohydrase is largely preferred by livestock producers and animal feed manufacturers to use it as enzymes.  The carbohydrase has many advantages such as it helps animals digesting food and it enables monogastric animals digest food by better percentage. Carbohydrase enzymes are very effective and it helps in increasing amount of energy available from feed ingredients. The increasing adoption of carbohydrase around the world drives growth in carbohydrase segment during forecast period.

Market Insights, by Source

On the basis of source, the feed enzymes market is segmented into microorganism, plant and animal. The microorganism segment is estimated to dominate the market during forecast period. The microorganism is highly preferred to extract feed enzymes and it highly suitable hosts to produce industrially vital and stable feed enzymes. The enzymes extracted from microorganism are highly preferred by manufacturers of animal feed. The enzymes extracted from microorganism are discovered from genomics and metagenomics molecular techniques. It helps in improving feed quality. The increasing adoption of microbial enzymes drives growth in microorganism source during forecast period.

Market Insights, by Livestock

On the basis of livestock, the feed enzymes market is segmented into swine, poultry, aquatic animals, ruminants and others. The poultry segment is estimated to dominate the market during forecast period followed by swine livestock. Poultry segment is projected to register growth at highest CAGR during forecast period. The consumption trend is shifting rapidly and adopting poultry meat around the world. The demand is increasing for poultry products and this increase the demand for feed enzymes during forecast period.

Regional Insights

Asia-Pacific region is estimated to hold largest market share during forecast period. The livestock population is very large in this region. The rate of livestock population is increasing rapidly. Many feed manufacturers are establishing their foot in this region. Various feed mills have been setup here. The market for feed enzymes is growing in various countries such as Japan, India and China. This drives growth in feed enzymes market during forecast period.

Key Companies & Market Share Insights

The key market players in feed enzymes industry are BASF SE, Dupont, Koninklijke DSM N.V., Bluestar Adisseo, Cargill, Associated British Foods, Novozymes,  Advanced Enzyme Technologies, Kemin Industries, Novus International, Azelis Holdings, Alltech, Bio Cat, Rossari Biotech, Biovet JSC, Bec Feed Solutions, Bioresource International, ADM and Amorvet.

Segments Covered in the Report

This report forecasts The Global Feed Enzymes Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global feed enzymes market report on the basis of type, source, form and livestock.

Feed Enzymes Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Feed Enzymes Market, By Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Protease
  • Carbohydrase
  • Phytase
  • Others
  1. Feed Enzymes Market, By Source, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Microorganism
  • Plant
  • Animal
  1. Feed Enzymes Market, By Form, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Dry
  • Liquid
  1. Feed Enzymes Market, By Livestock, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Swine
  • Poultry
  • Aquatic Animals
  • Ruminants
  • Others
  1. Feed Enzymes Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Type
    • By Source
    • By Form
    • By Livestock
    • By Country
      • USA
        • By Livestock
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Type
      • By Source
      • By Form
      • By Livestock
      • By Country
        • Brazil
          • By Livestock
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Type
        • By Source
        • By Form
        • By Livestock
        • By Country
          • UK
            • By Livestock
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Type
          • By Source
          • By Form
          • By Livestock
          • By Country
            • China
              • By Livestock
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Type
            • By Source
            • By Form
            • By Livestock
            • By Country
              • Saudi Arabia
                • By Livestock
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Amorvet
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • BASF SE
    • Dupont
    • Koninklijke DSM N.V.
    • Bluestar Adisseo
    • Cargill
    • Associated British Foods
    • Novozymes
    • Advanced Enzyme Technologies
    • Kemin Industries
    • Novus International
    • Azelis Holdings
    • Alltech
    • Bio Cat
    • Rossari Biotech
    • Biovet JSC
    • Bec Feed Solutions
    • Bioresource International
    • ADM
  2. Appendix
    • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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