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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.
Dry type feed carbohydrase industry is estimated to generate USD 695.7 million in revenue in 2023 and is projected to record substantial growth through 2032 owing to increasing use due to their longer shelf life and stability during storage and transportation.
China feed carbohydrase generated more than USD 175 million in revenue in 2023 and is estimated to expand at a notable pace through 2032 owing to the expanding animal feed production in the region.
Industry size for feed carbohydrase was valued at USD 966.3 million in 2023 and is set to expand at over 8.3% CAGR from 2024 to 2032 owing to increasing adoption of innovative feed products in the animal feed space.
Some of the leading firms operating in the feed carbohydrase market are BASF SE (Germany), DuPont (U.S.), AMORVET (India), DSM (Netherlands), Novozymes (Denmark), BIO-CAT, Inc. (Germany), Amano Enzyme Inc. (Japan), NOVUS INTERNATIONAL (U.S.), AB Enzymes (Germany), BIOVET JSC (Bulgaria), Advanced Enzyme Technologies. (India), and Dyadic International Inc. (U.S.), among others.