The plant-based feed enzymes market size is expected to see steady growth in the next few years. It will grow to $2.11 billion in 2028 at a compound annual growth rate (CAGR) of 2.8%. The growth in the forecast period can be attributed to increasing demand for animal protein, growing awareness of feed efficiency, regulatory support for animal health and nutrition, focus on sustainable agriculture and animal husbandry, shift towards natural and clean label products. Major trends in the forecast period include globalization of livestock production, adoption of enzyme cocktails for feed efficiency, increased research in enzyme functionality, integration of precision nutrition in animal diets, development of multi-enzyme blends..
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Segmentation & Regional Insights
The plant-based feed enzymes market covered in this report is segmented –
1) By Type: Phytase, Protease, Carbohydrase
2) By Form: Liquid, Dry
3) By Livestock: Ruminants, Swine, Poultry, Aquatic animals, Pets, Horses
North America was the largest region in the plant-based feed enzymes market in 2023. The regions covered in the plant-based feed enzymes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
A large livestock population is expected to propel the growth of the plant-based feed enzymes market going forward. Livestock population refers to the number of domesticated animals kept for food, labor, and other purposes. Plant-based feed enzymes fulfill the demand for livestock by addressing specific nutritional challenges and enhancing the efficiency of feed utilization. For instance, in February 2023, according to the UK government service website, the number of sheep and lambs in England had increased by 2.0% from 14.6 million in 2021 to 14.9 million in 2022. Therefore, the large livestock population is driving the growth of the plant-based feed enzyme market.
Key Industry Players
Major companies operating in the plant-based feed enzymes market report are Cargill Incorporated, BASF SE, Associated British Foods Plc, DuPont, DSM, Novozymes, Bluestar Adisseo Co. Ltd., Chr. Hansen Holding A/S, Kemin Industries Inc., Novus International Inc., Huvepharma, Advanced Enzyme Technologies, Bestzyme, Maxgrow Biotech Pvt. Ltd., Xike Biotechnology Co. Ltd., Amano Enzyme Inc., Aumgene Biosciences, AUM Enzymes, Jiangsu Boli Bioproducts Co.Ltd., Antozyme Biotech, Beijing Smistyle Sic. &Tech. Development Co. Ltd., XD BIOCHEM, Biolaxi Corporation, Lee BioSolutions, Calzyme Inc.
The plant-based feed enzymes market report table of contents includes:
1. Executive Summary
2. Plant-Based Feed Enzymes Market Characteristics
3. Plant-Based Feed Enzymes Market Trends And Strategies
4. Plant-Based Feed Enzymes Market – Macro Economic Scenario
5. Global Plant-Based Feed Enzymes Market Size and Growth
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32. Global Plant-Based Feed Enzymes Market Competitive Benchmarking
33. Global Plant-Based Feed Enzymes Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Plant-Based Feed Enzymes Market
35. Plant-Based Feed Enzymes Market Future Outlook and Potential Analysis
36. Appendix
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