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Feed Carbohydrase Market Size
Feed Carbohydrase Market was valued at USD 966.3 million in 2023 and is anticipated to register a CAGR of over 8.3% between 2024 and 2032. The increasing adoption of innovative feed products in the animal feed industry are constantly developing the market. Emerging economies, particularly in Asia and Africa, are experiencing rapid urbanization and income growth, leading to greater demand for protein-rich foods like poultry meat.
The growing global population and rising middle-class income levels have led to an increased demand for animal protein, such as meat, eggs, and dairy products. This demand has necessitated higher production efficiency in animal agriculture, driving the adoption of feed carbohydrases to enhance nutrient utilization and animal performance. Poultry meat consumption has been steadily increasing worldwide and is expected to reach over USD 490 Billion by 2032, driven by factors such as population growth, rising incomes, and changing dietary preferences. Poultry meat is often favored for its affordability, lean protein content, and versatility, making it a popular choice among consumers.
Report Attributes | Details |
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Base Year: | 2023 |
Market Size in 2023: | USD 966.3 Million |
Forecast Period: | 2024 to 2032 |
Forecast Period 2024 to 2032 CAGR: | 8.3% |
2032 Value Projection: | USD 1.95 Billion |
Historical Data for: | 2018 – 2023 |
No. of Pages: | 200 |
Tables, Charts & Figures: | 230 |
Segments covered: | Type, Product Type, Livestock, Distribution Channel, Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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Proper application of feed carbohydrases requires understanding factors such as enzyme dosage, feed formulation, processing conditions, and animal physiology. Lack of knowledge or expertise in these areas can hinder effective enzyme utilization and limit their benefits. The feed enzyme market is competitive, with numerous players offering a variety of carbohydrase products. Differentiating products based on quality, efficacy, and value-added services can be challenging, especially for smaller companies entering the market. However, emerging economies experiencing rapid urbanization and income growth are witnessing increased meat and dairy consumption. This drives the demand for feed carbohydrases to optimize feed utilization and meet the escalating protein requirements of livestock.
Feed Carbohydrase Market Trends
The rising global population and growing middle class have led to increased demand for animal protein. This drives the need for more efficient feed utilization, which feed carbohydrases can provide by improving nutrient digestion and absorption in animals. With concerns about resource scarcity and environmental sustainability, a growing emphasis on improving feed efficiency in animal production systems. Feed carbohydrases play a crucial role in enhancing feed conversion ratios by breaking down complex carbohydrates, thereby reducing feed costs and waste.
Feed Carbohydrase Market Analysis
Based on type, the market is segmented as dry and liquid. The global market is witnessing a fascinating shift in its feed type landscape, with dry feed type capturing the dominant share with USD 695.7 million in 2023. Dry enzymes generally have longer shelf life and are more stable during storage and transportation, making them more practical for many users. Dry formulations are generally easier to handle and require less specialized equipment compared to liquid enzymes which facilitates its consumption on a wider scale.
Based on product type, the market is categorized into xylanase, alpha-amylase, beta-glucanase, cellulase and other Sources. Xylanases dominate the market with over 55% share due to their widespread applicability to various animal feeds and their significant impact on nutrient digestibility, particularly in monogastric animals. Amylases hold a significant share due to their crucial role in starch breakdown, a major component of many animal feeds. Glucanases and cellulases have smaller shares but are essential for specific feed types and animal species.
Based on livestock, the market consists of poultry, swine, ruminants, aquatic animals and others. Poultry holds the largest share of over 43% due to their limited ability to digest non-starch polysaccharides (NSPs) like Xylan, making them highly dependent on xylanases for improved nutrient utilization. Swine also relies heavily on carbohydrases, particularly xylanases and amylases, to acquire nutrients from plant-based diets. Aquatic animals often benefit from carbohydrases while targeting specific plant-based ingredients or complex carbohydrates in algae-based feeds.
Asia Pacific dominated the global feed carbohydrase market in 2023. Within Asia Pacific, China generated a revenue of over USD 175 million in 2023. China plays a leading role in global animal feed production, with carbohydrases being widely used to improve feed digestibility and nutrient utilization in livestock and poultry. The Chinese government prioritizes innovation in the biotechnology sectors, potentially boosting demand for specialized carbohydrases in these areas.
Feed Carbohydrase Market Share
The global feed carbohydrase industry is highly fragmented owing to the presence of several market players. Major companies operating in the market are BASF SE, DuPont, DSM and Novozymes, accounting for over 40% market share in the year 2023. The major market players are focusing on mergers & acquisitions, facility expansion, and strategic partnerships to expand their product offerings, customer reach, and enhance market presence. Companies are also focusing on acquisition strategy.
Competition ranges from premium pricing by established players with strong brands to cost-effective offerings by regional and emerging players. An acquisition strategy enables a company to enter new markets and product lines instantaneously with a recognized brand having a good reputation and an existing client base. An acquisition can overcome market entry barriers that were previously challenging.
Feed Carbohydrase Market Companies
Major players operating in the global feed carbohydrase industry include:
- BASF SE (Germany)
- DuPont (U.S.)
- AMORVET (India)
- DSM (Netherlands)
- Novozymes (Denmark)
- BIO-CAT, Inc. (Germany)
- BEC Feed Solutions Pty Ltd (Australia)
- Amano Enzyme Inc. (Japan)
- NOVUS INTERNATIONAL (U.S.)
- AB Enzymes (Germany)
- Associated British Foods plc (U.K.)
- Chr. Hansen Holding A/S (Denmark)
- BIOVET JSC (Bulgaria)
- Advanced Enzyme Technologies. (India)
- Advanced Enzyme Technologies. (Belgium)
- Specialty Enzymes & Probiotics (U.S.)
- Alltech. (Nicholasville)
- Dyadic International Inc. (U.S.)
Carbohydrase Industry News
- In April 2023, BASF announced a collaboration with Schothorst Feed Research to improve the environmental impact of the feed and animal protein industry. The companies signed an agreement granting SFR certain non-exclusive licensing rights to Opteinics, BASF’s digital solution for environmental footprinting of feed and animal protein. With this ready-to-use software, feed and animal producers receive unique insights into their sustainability performance and can identify opportunities for improvement.
- In January 2023, AB Enzymes launched a new cellulase enzyme specifically designed for bioethanol production from switchgrass, a sustainable feedstock.
- In November 2022, DSM announced a $50 million investment in expanding its enzyme production capacity in China to meet growing regional demand. This will allow DSM to reach a wider consumer base and to cater to the extended application portfolio in the Asian pacific and globally.
Global feed carbohydrase market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue and volume (USD Million) (Kilo Tons) from 2018 to 2032, for the following segments:
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Market, by Type
- Dry
- Liquid
Market, by Product Type
- Xylanase
- Alpha-amylase
- Beta-glucanase
- Cellulase
- Others
Market, by Livestock
- Poultry
- Swine
- Ruminants
- Aquatic Animals
- Others
Market, by distribution channel
- Online
- Offline
The above information is provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Poland
- Italy
- Russia
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Australia
- Malaysia
- Latin America
- Brazil
- Mexico
- Argentina
- MEA
- South Africa
- Saudi Arabia
- UAE
- Egypt
Frequently Asked Questions (FAQ) :