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North America Feed Enzymes Market Research Report – Segmented By Ingredient, Type Of Animals, And Region (US, Canada, and Rest of North America) - Industry Analysis, on Size, Share, Trends, COVID-19 Impact And Growth Forecast (2023 to 2028)

Published: March, 2023
ID: 344
Pages: 145
Formats: report pdf report excel report power bi report ppt

North America Feed Enzymes Market (2023 to 2028)

North America's feed enzymes market is expected to be valued at USD 24.54 Billion in 2023 and is projected to reach USD 33.06 Billion by 2028, growing at a CAGR of 6.40% during the forecast period from 2023 to 2028. 

Feed enzymes are a crucial part of commercial animal feeds. The inclusion of feed enzymes is an effective substitute to achieve optimum feed efficiency. The absence of certain enzymes in livestock leads to the wastage of essential nutrients and increases the cost of feeds to compensate for the appropriate nutritional elements. Feed enzymes have become an essential part of the globally increasing milk & meat industry. Demand for high-quality meat, developing economies with disposable income and sustainable alternatives, and an increase in demand for better and more efficient feed additives as alternatives to feed antibiotics and to manage input costs in livestock production are the factors that are driving the feed enzymes market in North America. The rising cost of imported raw materials and the price volatility of agricultural commodities are the factors that are hindering market growth.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2022 to 2028

Base Year

2022

Forecast Period

2023 to 2028

CAGR

6.40%

Segments Covered

By Ingredients, Animal Type, and Country

Various Analyses Covered

Global, Regional and Country Level Analysis, Segment-Level Analysis; DROC, PESTLE Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Analyst Overview of Investment Opportunities

Regions Covered

US, Canada and the Rest of North America

Market Leaders Profiled

DuPont, DSM, BASF Corporation, Alltech, Novozymes, Adisseo France, AB Enzymes GmbH, Advanced Enzymes Technologies Limited, Amano Enzyme Inc. Bio Vet JSC, Biocatalysts Ltd, Chr. Hansen Inc, Enmex Sa De Cv, Lesaffre Group, PURATOS GROUP, Rossari Biotech Limited, Shenzhen Leveking Bio-Engineering Co. Ltd, Sunson Industry Group Company Limited.

 

This market research report on the North American feed enzymes market is segmented and sub-segmented into the following categories.

North America Feed Enzymes Market - By Ingredients:

  • Carbohydrase
  • Phytase
  • others

North America Feed Enzymes Market - By Animal Type:

  • Ruminant
  • Swine
  • Poultry
  • Aquaculture
  • Others

Poultry and swine segments comprise the majority of the feed enzyme market share, followed by ruminants. Carbohydrase are the most widely used enzyme.

North America Feed Enzymes Market – By Country:

  • US
  • Canada
  • Rest of North America

It is the second-largest market in feed enzymes, with a market share of 22% in 2021. Animal husbandry is developing in the North American region with increasing attention towards favorable feeding patterns for livestock. This is leading to the demand for feed enzymes. The United States is the largest market within the region, followed by Canada. Increasing meat exports as well as rising domestic consumption, is the major driving factor for feed enzymes in Canada.

 KEY MARKET PLAYERS:

DuPont, DSM, BASF Corporation, Alltech, Novozymes, Adisseo France, AB Enzymes GmbH, Advanced Enzymes Technologies Limited, Amano Enzyme Inc. Bio Vet JSC, Biocatalysts Ltd, Chr. Hansen Inc, Enmex Sa De Cv, Lesaffre Group, PURATOS GROUP, Rossari Biotech Limited, Shenzhen Leveking Bio-Engineering Co. Ltd, Sunson Industry Group Company Limited. Some of the major key players are involved in the North American feed enzymes market.

 

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FAQ's

what is the current size of the north america feed enzymes market?

The current size of the North American feed enzymes market is expected to be valued at USD 24.54 Billion in 2023.

what is the expected growth value of the north america feed enzymes market?

The North American feed enzymes market is expected to grow to USD 33.06 Billion by 2028.

which region occupies the largest share in the north america feed enzymes market?

The United States is the largest market within the region, followed by Canada. Increasing meat exports as well as rising domestic consumption, is the major driving factor for feed enzymes in Canada.

what are the key market players involved in north america feed enzymes market?

DuPont, DSM, BASF Corporation, Alltech, Novozymes, Adisseo France, AB Enzymes GmbH, Advanced Enzymes Technologies Limited, Amano Enzyme Inc. Bio Vet JSC, Biocatalysts Ltd, Chr. Hansen Inc, Enmex Sa De Cv, Lesaffre Group, PURATOS GROUP, Rossari Biotech Limited, Shenzhen Leveking Bio-Engineering Co. Ltd, Sunson Industry Group Company Limited. Some of the major key players involved in the North American feed enzymes market.

 

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