The global animal feed enzymes market size is expected to reach USD 6.42 billion by 2032, according to a new study by Polaris Market Research. The report “Animal Feed Enzymes Market Share, Size, Trends, Industry Analysis Report, By Form (Dry, Liquid); By Source; By Type; By Live Stock; By Region, And Segment Forecasts, 2023-2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The market for feed enzymes is on the rise, driven by the increasing demand for meat worldwide and their advantages, including disease resistance and higher yield. The global appetite for high-quality animal protein is growing and is projected to continue shortly. With the shortening of animal production development, industry players face pressure to maximize output quickly. These enzymes offer a sustainable solution to optimize animal production to market growth.
Animal feed enzyme additives provide a substantial cost reduction in animal diets and have a positive impact on the overall ingredient price structure. They ensure consistent and efficient nutrient release, decreasing the cost per kilogram of meat. These enzymes play a crucial role in managing animal health by inhibiting the growth of bacteria caused by excess dietary nitrogen. As a result, the demand for enzymes has been increasing globally.
Feed enzymes were primarily used to reduce phosphorus excretion, with phytase being the most common. However, ongoing research and development efforts in this area have expanded the range of applications for animal feed enzymes to market growth. Companies have created tailored products to meet the specific needs of customers.
Research has indicated that swine and poultry diets largely comprise corn and soybean-based meals. Moreover, in mature animals, around 15% of their diet becomes inaccessible due to inadequate enzyme production in their digestive system. This undigested feed can lead to gut irritation and diarrhea and hinder the absorption of nutrients. Animal feed enzymes aid in the digestion of animal feed for these mature animals.
To address these challenges, industry players have created products such as animal feed enzymes that improve phosphorus release and availability, increase protein availability, and enhance the digestibility of diets containing starch, corn, and soybeans. These trends are expected to drive market growth during the forecast period.
Animal feed enzymes optimize gut health for consistent growth and improve animal nutrient health. They also reduce feed costs, resulting in enhanced profitability. Given that they benefit both animals and producers, the usage of these enzymes is expected to continue to increase, contributing to market share growth.
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Animal Feed Enzymes Market Report Highlights
Polaris Market Research has segmented animal feed enzymes market report based on form, source, type, livestock, and region:
Animal Feed Enzymes, Form Outlook (Revenue - USD Billion, 2019-2032)
Animal Feed Enzymes, Source Outlook (Revenue - USD Billion, 2019-2032)
Animal Feed Enzymes, Type Outlook (Revenue - USD Billion, 2019-2032)
Animal Feed Enzymes, Livestock Outlook (Revenue - USD Billion, 2019-2032)
Animal Feed Enzymes, Regional Outlook (Revenue - USD Billion, 2019-2032)