What Has Been the Progress and Growth of the Plant-Based Feed Enzymes Market in Recent Years?
The plant-based feed enzymes market has seen considerable growth due to a variety of factors.
•The market size of plant-based feed enzymes has steadily expanded over the past few years. The market valuation is anticipated to rise from $1.89 billion in 2024 to $1.95 billion in 2025, showcasing a compound annual growth rate (CAGR) of 3.4%.
The upward trend in the historic phase can be linked to the growing adoption of enzymes to enhance nutrient utilization, a rise in the use of plant-based ingredients in feed, endeavours by the industry to minimize antibiotic usage, scientific studies validating enzyme supplementation, and growth of the aquaculture and poultry sectors.
What Can Be Expected from the Plant-Based Feed Enzymes Market in the Coming Years?
The plant-based feed enzymes market is expected to maintain its strong growth trajectory in upcoming years.
• We can anticipate a consistent expansion in the plant-based feed enzymes market in the upcoming years. The market is predicted to reach $2.19 billion in 2029, with a compound annual growth rate (CAGR) of 3.0%.
This growth within the projection period can be credited to the rising demand for animal protein, increased awareness about feed efficiency, regulatory backing for animal nutrition and health, emphasis on sustainable agriculture and animal farming, and a shift to natural and unpolluted label products. Notable trends during the projection period comprise the internationalization of livestock production, the introduction of enzyme mixtures for feed efficiency, enhanced research into enzyme functionality, assimilation of precision nutrition in animal feed and the emergence of multi-enzyme blends.
What Main Forces Are Fueling Expansion In The Plant-Based Feed Enzymes Market?
The rise in the number of livestock, which are domesticated animals used for various purposes such as food and labor, is predicted to spur the expansion of the plant-based feed enzymes market. These enzymes cater to the nutritional needs of livestock, addressing specific dietary challenges and boosting the effectiveness of feed consumption. For instance, data from the UK government service website in February 2023 showed that there was a 2.0% increase in the sheep and lamb population in England, climbing from 14.6 million in 2021 to 14.9 million in 2022. Consequently, this surge in livestock numbers is catalyzing the growth of the plant-based feed enzyme market.
What Are The Primary Segments In The Global Plant-Based Feed Enzymes Market?
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
Subsegments:
1) By Phytase: Bacterial Phytase, Fungal Phytase
2) By Protease: Acid Protease, Neutral Protease, Alkaline Protease
3) By Carbohydrase: Amylase, Xylanase, Cellulase, Mannanase
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Which Key Trends Are Driving Changes In The Plant-Based Feed Enzymes Market?
Leading firms in the plant-based feed enzyme industry are concentrating on tailoring products such as thermostable xylanase, in order to secure a market advantage. This type of enzyme, which remains potent and effective at increased temperatures, is of significant value in the feed industry. To exemplify, in March 2024, EW Nutrition, an animal nutrition firm based in Germany, introduced Axxess XY, a novel xylanase product developed to boost nutrient absorption and gut health in poultry. This enzyme, which is obtained from a bacterium found in volcanic hot springs, can withstand high-temperature feed processing, thereby improving digestibility and environmental sustainability. Its ability to resist common inhibitors, ensures its adaptability to a range of feed formulations.
Who Are the Key Players in the Plant-Based Feed Enzymes Market?
Major companies operating in the plant-based feed enzymes market include:
• 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.
What Is The Most Dominant Region In The Plant-Based Feed Enzymes Market?
North America was the largest region in the plant-based feed enzymes market in 2024. 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.
