Asia-Pacific Feed Enzymes Market Size
| Icons | Lable | Value |
|---|---|---|
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 435.23 Million |
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Market Size (2029) | USD 555.69 Million |
|
Largest Share by Sub Additive | Carbohydrases |
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CAGR (2024 - 2029) | 5.01 % |
|
Largest Share by Country | China |
Major Players |
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*Disclaimer: Major Players sorted in alphabetical order. |
Asia-Pacific Feed Enzymes Market Analysis
The Asia-Pacific Feed Enzymes Market size is estimated at 435.23 million USD in 2024, and is expected to reach 555.69 million USD by 2029, growing at a CAGR of 5.01% during the forecast period (2024-2029).
435.23 Million
Market Size in 2024 (USD)
555.69 Million
Market Size in 2029 (USD)
7.37 %
CAGR (2017-2023)
5.01 %
CAGR (2024-2029)
Largest Market by Sub-Additive
44.05 %
value share, Carbohydrases, 2023
Carbohydrases is the largest segment as it helps reduce animal feed costs due to their capacity to boost energy, digest starch, and increase feed production.
Largest Market by Country
43.72 %
value share, China, 2023
China is the largest market due to a shift from unorganized to organized livestock, increased meat and other end-product consumption, and a rising livestock population.
Fastest-growing Market by Sub-Additive
5.08 %
Projected CAGR, Carbohydrases, 2024-2029
An increase in feed production and the ability to boost energy by breaking fat and protein and digesting starch helped carbohydrases be the fastest-growing segment.
Fastest-growing Market by Country
5.93 %
Projected CAGR, Thailand, 2024-2029
Japan is the fastest-growing country in the market because of increased feed production and demand for livestock products such as milk and egg.
Leading Market Player
8.76 %
market share, DSM Nutritional Products AG, 2022
DSM is the market leader because it has a manufacturing plant in China, and it is expanding its product portfolio by partnering with Novozymes AS.
- The Asia-Pacific feed enzymes market witnessed substantial growth in 2022, with enzymes holding a market share of 3.8%. Enzymes play a vital role in animal nutrition and breaking down starch, protein, and fat in the animal body, making them a crucial component in animal feed. In 2022, carbohydrates were the largest segment by value, accounting for USD 174.3 million, primarily due to their ability to boost energy, digest starch, and lower feed costs.
- Phytases were the second-largest segment in the Asia-Pacific feed enzymes market, accounting for USD 128.1 million in 2022. The increasing demand for animal protein and the growing awareness of the benefits of enzymes have significantly contributed to the growth of the feed enzymes market in the region.
- Poultry birds were the market's largest segment by animal type, accounting for 48.2% in 2022. The higher usage of feed enzymes in poultry birds is associated with their higher consumption of cereal, which has a high non-starch polysaccharides content, thus requiring enzymes for digestion.
- China held the largest share of the Asia-Pacific feed enzymes market, with a share of 43.7% in 2022, primarily due to the country's increased poultry headcount by 1.6% during 2017-2022. Owing to such factors and the importance of feed enzymes in animal nutrition, the market is expected to record a CAGR of 5.0% during the forecast period (2023-2029).
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- The Asia-Pacific market for feed enzymes has grown steadily in recent years, with feed enzymes accounting for 3.8% of the region's feed additives market value and 1.9% of its volume in 2022. The market is expected to register a CAGR of 4.9% during the forecast period, driven by the essential role that enzymes play in animal breathing and digestion.
- China currently holds the largest share of the Asia-Pacific feed enzymes market, valued at USD 172.9 million in 2022. The large share is due to the country's high meat consumption per person, which is expected to continue rising, as well as a growing livestock population and a shift toward organized livestock farming. India is the second-largest market, and it is expected to register a CAGR of 4.7% during the forecast period to reach a value of USD 51.5 million by 2029. Carbohydrases and phytases are the most widely consumed feed enzymes in India, accounting for 44.3% and 30.4% of the market, respectively.
- Japan is the fastest-growing country in the region, and it is expected to register a CAGR of 5.9% during the forecast period. The country's market is expected to reach a value of USD 32.8 million by 2029, up from USD 21.9 million in 2022, owing to the increasing use of feed enzymes. In the Rest of Asia-Pacific, the growth of the market can be attributed to the increase in feed production, which reached 108.8 million metric tons in 2022.
- The rising use of feed enzymes to support the nutritional requirements of animals is expected to drive the growth of the feed enzymes market in the Asia-Pacific region. The market is expected to reach a value of USD 349.1 million by 2029, registering a CAGR of 4.9%.
Asia-Pacific Feed Enzymes Market Trends
The growing disposable income in developing countries of Asia-Pacific and government support schemes for poultry industry, and China is largest producer of eggs are helping in growth of poultry population in the region
- The Asia-Pacific region dominates the global agricultural sector, with poultry being the largest segment and accounting for 42.4% of global poultry production in 2022. This increase in poultry consumption is driven by the rising popularity of poultry, rapid urbanization, and the growing disposable incomes in developing countries, such as India and Vietnam, which recorded a 37.3% increase in poultry population in 2021 compared to 2017.
- In 2021, China, Indonesia, and India held a significant share of the poultry market in the region, with market shares of 39.7%, 25.3%, and 5.7%, respectively. This growing demand for poultry products can be attributed to the increasing demand for eggs and meat and government schemes supporting the poultry industry. For instance, the Department of Animal Husbandry & Dairy in India is introducing capital fund schemes to support poultry businesses and educate farmers on how to improve their yield quality, which may further boost the market's growth.
- China is the largest producer of eggs in the world, with consumption and production accounting for over 40% of global production. With over 900 million stock-laying hens and the country's largest layer poultry farming center hatching 60 million chicks per year, the country's layer farming is recording significant growth.
- Broiler production in the region is also rapidly growing due to the increased consumer demand for chicken meat. The Philippines, for instance, recorded a 2.2% increase in chicken meat production in 2021 compared to 2017. The region's poultry production is expected to increase further, driven by a shift in consumer preferences toward poultry meat and the rapid development of the poultry industry. This growth in poultry production may boost the demand for feed additives.
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Improvement in fish farming technologies, expansion in number of feed mills and Indian government initiatives are helping in increasing the aquaculture feed production
- The Asia-Pacific region is a major player in the global aquaculture feed production market, with fish and shrimp being the primary products. In 2021, the region produced 37.6 million metric ton of aquaculture feed, which accounted for 8.7% of the region's total feed production. Several countries in the region are focusing on expanding and intensifying their aquaculture production through technological advancements and increased use of feed to meet the growing demand.
- For instance, India increased its budget allocation to the Department of Fisheries to boost production. Fish holds a significant share of aquaculture feed, accounting for 31.1 million metric ton in 2022, an increase of 66% compared to 2017. This growth was due to the conversion of agricultural land to aquaculture ponds, the improvement of fish farming technologies, and the intensification of production.
- Shrimp feed production accounted for 4.2% of the aquafeed production in the region in 2022. It is expected to increase rapidly during the forecast period as some Asia-Pacific countries are implementing a self-sufficient aquaculture system through several government initiatives to increase the production of certified sustainable seafood.
- China dominated the aquafeed market in the Asia-Pacific region, accounting for 51.2% of the market share in 2022 due to an increase in the number of feed mills with higher capacities. For instance, AB Agri opened its ninth feed mill in China, with an annual capacity of 240,000 ton. Factors such as increasing aquaculture production, expanding aqua farming, and rising feed consumption are expected to drive the growth of aquafeed production in the region during the forecast period.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- China has the largest sheep and goats in the region and Asia-Pacific region's ruminants population is growing owing to high profit margins in beef business and surge in demand for milk products
- The high demand for broiler feed, increase in Indonesia's poultry bird population and recovery from avian influenza are increasing the demand for poultry feed production
- Increase in large scale farms in China by 16,000, and introduction of new animal-rearing practices are increasing the swine feed production in the region
- Asia-Pacific is the leading producer of pork meat and changes in food consumption pattern of people with high consumption in South Korea and China are the factors driving the increase in the swine population
- High number of dairy cattle producers, demand for increasing milk yield and government schemes are increasing the demand for nutrient rich ruminant feed
Asia-Pacific Feed Enzymes Industry Overview
The Asia-Pacific Feed Enzymes Market is fragmented, with the top five companies occupying 25.44%. The major players in this market are BASF SE, DSM Nutritional Products AG, Elanco Animal Health Inc., IFF(Danisco Animal Nutrition) and Kerry Group PLC (sorted alphabetically).
Asia-Pacific Feed Enzymes Market Leaders
BASF SE
DSM Nutritional Products AG
Elanco Animal Health Inc.
IFF(Danisco Animal Nutrition)
Kerry Group PLC
Other important companies include Adisseo, Alltech, Inc., Biovet S.A., Cargill Inc., CBS Bio Platforms Inc..
*Disclaimer: Major Players sorted in alphabetical order.
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Asia-Pacific Feed Enzymes Market News
- January 2022: Hiphorius is a new generation of phytase introduced by the DSM-Novozymes alliance. It is a comprehensive phytase solution created to assist poultry producers in achieving lucrative and sustainable protein output.
- January 2022: DSM and CPF have agreed on a Memorandum of Understanding to enhance animal protein production by applying DSM's Intelligent Sustainability Service (Sustell).
- December 2021: BASF and Cargill extended their animal nutrition partnership by introducing additional markets, research and development capabilities, and feed enzymes distribution agreements.
Free with this Report
We provide a complimentary and exhaustive set of data points on regional and country-level metrics that present the fundamental structure of the industry. Presented in the form of 35+ free charts, the section covers difficult-to-find data of various regions on feed production through various animal categories such as Ruminants, Poultry, Swine, and Aquaculture.
Asia-Pacific Feed Enzymes Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. Animal Headcount
2.1.1. Poultry
2.1.2. Ruminants
2.1.3. Swine
2.2. Feed Production
2.2.1. Aquaculture
2.2.2. Poultry
2.2.3. Ruminants
2.2.4. Swine
2.3. Regulatory Framework
2.3.1. Australia
2.3.2. China
2.3.3. India
2.3.4. Indonesia
2.3.5. Japan
2.3.6. Philippines
2.3.7. South Korea
2.3.8. Thailand
2.3.9. Vietnam
2.4. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
3.1. Sub Additive
3.1.1. Carbohydrases
3.1.2. Phytases
3.1.3. Other Enzymes
3.2. Animal
3.2.1. Aquaculture
3.2.1.1. By Sub Animal
3.2.1.1.1. Fish
3.2.1.1.2. Shrimp
3.2.1.1.3. Other Aquaculture Species
3.2.2. Poultry
3.2.2.1. By Sub Animal
3.2.2.1.1. Broiler
3.2.2.1.2. Layer
3.2.2.1.3. Other Poultry Birds
3.2.3. Ruminants
3.2.3.1. By Sub Animal
3.2.3.1.1. Beef Cattle
3.2.3.1.2. Dairy Cattle
3.2.3.1.3. Other Ruminants
3.2.4. Swine
3.2.5. Other Animals
3.3. Country
3.3.1. Australia
3.3.2. China
3.3.3. India
3.3.4. Indonesia
3.3.5. Japan
3.3.6. Philippines
3.3.7. South Korea
3.3.8. Thailand
3.3.9. Vietnam
3.3.10. Rest of Asia-Pacific
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
4.4.1. Adisseo
4.4.2. Alltech, Inc.
4.4.3. BASF SE
4.4.4. Biovet S.A.
4.4.5. Cargill Inc.
4.4.6. CBS Bio Platforms Inc.
4.4.7. DSM Nutritional Products AG
4.4.8. Elanco Animal Health Inc.
4.4.9. IFF(Danisco Animal Nutrition)
4.4.10. Kerry Group PLC
5. KEY STRATEGIC QUESTIONS FOR FEED ADDITIVE CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter’s Five Forces Framework
6.1.3. Global Value Chain Analysis
6.1.4. Global Market Size and DROs
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- POPULATION OF POULTRY, NUMBER, ASIA-PACIFIC, 2017-2022
- Figure 2:
- POPULATION OF RUMINANTS, NUMBER, ASIA-PACIFIC, 2017-2022
- Figure 3:
- POPULATION OF SWINE, NUMBER, ASIA-PACIFIC, 2017-2022
- Figure 4:
- PRODUCTION VOLUME OF AQUACULTURE FEED, METRIC TON, ASIA-PACIFIC, 2017-2022
- Figure 5:
- PRODUCTION VOLUME OF POULTRY FEED, METRIC TON, ASIA-PACIFIC, 2017-2022
- Figure 6:
- PRODUCTION VOLUME OF RUMINANTS FEED, METRIC TON, ASIA-PACIFIC, 2017-2022
- Figure 7:
- PRODUCTION VOLUME OF SWINE FEED, METRIC TON, ASIA-PACIFIC, 2017-2022
- Figure 8:
- VOLUME OF FEED ENZYMES, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 9:
- VALUE OF FEED ENZYMES, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 10:
- VOLUME OF FEED ENZYMES BY SUB ADDITIVE CATEGORIES, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 11:
- VALUE OF FEED ENZYMES BY SUB ADDITIVE CATEGORIES, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 12:
- VOLUME SHARE OF FEED ENZYMES BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2017,2023 AND 2029
- Figure 13:
- VALUE SHARE OF FEED ENZYMES BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2017,2023 AND 2029
- Figure 14:
- VOLUME OF CARBOHYDRASES FEED ENZYMES, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 15:
- VALUE OF CARBOHYDRASES FEED ENZYMES, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 16:
- VALUE SHARE OF CARBOHYDRASES FEED ENZYMES BY ANIMAL TYPE, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 17:
- VOLUME OF PHYTASES FEED ENZYMES, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 18:
- VALUE OF PHYTASES FEED ENZYMES, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 19:
- VALUE SHARE OF PHYTASES FEED ENZYMES BY ANIMAL TYPE, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 20:
- VOLUME OF OTHER ENZYMES FEED ENZYMES, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 21:
- VALUE OF OTHER ENZYMES FEED ENZYMES, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 22:
- VALUE SHARE OF OTHER ENZYMES FEED ENZYMES BY ANIMAL TYPE, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 23:
- VOLUME OF FEED ENZYMES BY ANIMAL TYPE, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 24:
- VALUE OF FEED ENZYMES BY ANIMAL TYPE, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 25:
- VOLUME SHARE OF FEED ENZYMES BY ANIMAL TYPE, %, ASIA-PACIFIC, 2017,2023 AND 2029
- Figure 26:
- VALUE SHARE OF FEED ENZYMES BY ANIMAL TYPE, %, ASIA-PACIFIC, 2017,2023 AND 2029
- Figure 27:
- VOLUME OF AQUACULTURE FEED ENZYMES BY SUB ANIMAL TYPE, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 28:
- VALUE OF AQUACULTURE FEED ENZYMES BY SUB ANIMAL TYPE, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 29:
- VOLUME SHARE OF AQUACULTURE FEED ENZYMES BY SUB ANIMAL TYPE, %, ASIA-PACIFIC, 2017,2023 AND 2029
- Figure 30:
- VALUE SHARE OF AQUACULTURE FEED ENZYMES BY SUB ANIMAL TYPE, %, ASIA-PACIFIC, 2017,2023 AND 2029
- Figure 31:
- VOLUME OF FISH FEED ENZYMES, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 32:
- VALUE OF FISH FEED ENZYMES, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 33:
- VALUE SHARE OF FISH FEED ENZYMES BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 34:
- VOLUME OF SHRIMP FEED ENZYMES, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 35:
- VALUE OF SHRIMP FEED ENZYMES, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 36:
- VALUE SHARE OF SHRIMP FEED ENZYMES BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 37:
- VOLUME OF OTHER AQUACULTURE SPECIES FEED ENZYMES, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 38:
- VALUE OF OTHER AQUACULTURE SPECIES FEED ENZYMES, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 39:
- VALUE SHARE OF OTHER AQUACULTURE SPECIES FEED ENZYMES BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 40:
- VOLUME OF POULTRY FEED ENZYMES BY SUB ANIMAL TYPE, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 41:
- VALUE OF POULTRY FEED ENZYMES BY SUB ANIMAL TYPE, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 42:
- VOLUME SHARE OF POULTRY FEED ENZYMES BY SUB ANIMAL TYPE, %, ASIA-PACIFIC, 2017,2023 AND 2029
- Figure 43:
- VALUE SHARE OF POULTRY FEED ENZYMES BY SUB ANIMAL TYPE, %, ASIA-PACIFIC, 2017,2023 AND 2029
- Figure 44:
- VOLUME OF BROILER FEED ENZYMES, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 45:
- VALUE OF BROILER FEED ENZYMES, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 46:
- VALUE SHARE OF BROILER FEED ENZYMES BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 47:
- VOLUME OF LAYER FEED ENZYMES, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 48:
- VALUE OF LAYER FEED ENZYMES, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 49:
- VALUE SHARE OF LAYER FEED ENZYMES BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 50:
- VOLUME OF OTHER POULTRY BIRDS FEED ENZYMES, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 51:
- VALUE OF OTHER POULTRY BIRDS FEED ENZYMES, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 52:
- VALUE SHARE OF OTHER POULTRY BIRDS FEED ENZYMES BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 53:
- VOLUME OF RUMINANTS FEED ENZYMES BY SUB ANIMAL TYPE, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 54:
- VALUE OF RUMINANTS FEED ENZYMES BY SUB ANIMAL TYPE, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 55:
- VOLUME SHARE OF RUMINANTS FEED ENZYMES BY SUB ANIMAL TYPE, %, ASIA-PACIFIC, 2017,2023 AND 2029
- Figure 56:
- VALUE SHARE OF RUMINANTS FEED ENZYMES BY SUB ANIMAL TYPE, %, ASIA-PACIFIC, 2017,2023 AND 2029
- Figure 57:
- VOLUME OF BEEF CATTLE FEED ENZYMES, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 58:
- VALUE OF BEEF CATTLE FEED ENZYMES, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 59:
- VALUE SHARE OF BEEF CATTLE FEED ENZYMES BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 60:
- VOLUME OF DAIRY CATTLE FEED ENZYMES, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 61:
- VALUE OF DAIRY CATTLE FEED ENZYMES, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 62:
- VALUE SHARE OF DAIRY CATTLE FEED ENZYMES BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 63:
- VOLUME OF OTHER RUMINANTS FEED ENZYMES, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 64:
- VALUE OF OTHER RUMINANTS FEED ENZYMES, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 65:
- VALUE SHARE OF OTHER RUMINANTS FEED ENZYMES BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 66:
- VOLUME OF SWINE FEED ENZYMES, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 67:
- VALUE OF SWINE FEED ENZYMES, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 68:
- VALUE SHARE OF SWINE FEED ENZYMES BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 69:
- VOLUME OF OTHER ANIMALS FEED ENZYMES, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 70:
- VALUE OF OTHER ANIMALS FEED ENZYMES, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 71:
- VALUE SHARE OF OTHER ANIMALS FEED ENZYMES BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 72:
- VOLUME OF FEED ENZYMES BY COUNTRY, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 73:
- VALUE OF FEED ENZYMES BY COUNTRY, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 74:
- VOLUME SHARE OF FEED ENZYMES BY COUNTRY, %, ASIA-PACIFIC, 2017,2023 AND 2029
- Figure 75:
- VALUE SHARE OF FEED ENZYMES BY COUNTRY, %, ASIA-PACIFIC, 2017,2023 AND 2029
- Figure 76:
- VOLUME OF AUSTRALIA FEED ENZYMES, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 77:
- VALUE OF AUSTRALIA FEED ENZYMES, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 78:
- VALUE SHARE OF AUSTRALIA FEED ENZYMES BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 79:
- VOLUME OF CHINA FEED ENZYMES, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 80:
- VALUE OF CHINA FEED ENZYMES, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 81:
- VALUE SHARE OF CHINA FEED ENZYMES BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 82:
- VOLUME OF INDIA FEED ENZYMES, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 83:
- VALUE OF INDIA FEED ENZYMES, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 84:
- VALUE SHARE OF INDIA FEED ENZYMES BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 85:
- VOLUME OF INDONESIA FEED ENZYMES, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 86:
- VALUE OF INDONESIA FEED ENZYMES, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 87:
- VALUE SHARE OF INDONESIA FEED ENZYMES BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 88:
- VOLUME OF JAPAN FEED ENZYMES, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 89:
- VALUE OF JAPAN FEED ENZYMES, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 90:
- VALUE SHARE OF JAPAN FEED ENZYMES BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 91:
- VOLUME OF PHILIPPINES FEED ENZYMES, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 92:
- VALUE OF PHILIPPINES FEED ENZYMES, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 93:
- VALUE SHARE OF PHILIPPINES FEED ENZYMES BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 94:
- VOLUME OF SOUTH KOREA FEED ENZYMES, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 95:
- VALUE OF SOUTH KOREA FEED ENZYMES, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 96:
- VALUE SHARE OF SOUTH KOREA FEED ENZYMES BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 97:
- VOLUME OF THAILAND FEED ENZYMES, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 98:
- VALUE OF THAILAND FEED ENZYMES, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 99:
- VALUE SHARE OF THAILAND FEED ENZYMES BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 100:
- VOLUME OF VIETNAM FEED ENZYMES, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 101:
- VALUE OF VIETNAM FEED ENZYMES, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 102:
- VALUE SHARE OF VIETNAM FEED ENZYMES BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 103:
- VOLUME OF REST OF ASIA-PACIFIC FEED ENZYMES, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 104:
- VALUE OF REST OF ASIA-PACIFIC FEED ENZYMES, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 105:
- VALUE SHARE OF REST OF ASIA-PACIFIC FEED ENZYMES BY SUB ADDITIVE CATEGORIES, %, ASIA-PACIFIC, 2022 AND 2029
- Figure 106:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, ASIA-PACIFIC, 2017 - 2023
- Figure 107:
- MOST ADOPTED STRATEGIES, COUNT, ASIA-PACIFIC, 2017 - 2023
- Figure 108:
- VALUE SHARE OF MAJOR PLAYERS, %, ASIA-PACIFIC, 2022
Asia-Pacific Feed Enzymes Industry Segmentation
Carbohydrases, Phytases are covered as segments by Sub Additive. Aquaculture, Poultry, Ruminants, Swine are covered as segments by Animal. Australia, China, India, Indonesia, Japan, Philippines, South Korea, Thailand, Vietnam are covered as segments by Country.
- The Asia-Pacific feed enzymes market witnessed substantial growth in 2022, with enzymes holding a market share of 3.8%. Enzymes play a vital role in animal nutrition and breaking down starch, protein, and fat in the animal body, making them a crucial component in animal feed. In 2022, carbohydrates were the largest segment by value, accounting for USD 174.3 million, primarily due to their ability to boost energy, digest starch, and lower feed costs.
- Phytases were the second-largest segment in the Asia-Pacific feed enzymes market, accounting for USD 128.1 million in 2022. The increasing demand for animal protein and the growing awareness of the benefits of enzymes have significantly contributed to the growth of the feed enzymes market in the region.
- Poultry birds were the market's largest segment by animal type, accounting for 48.2% in 2022. The higher usage of feed enzymes in poultry birds is associated with their higher consumption of cereal, which has a high non-starch polysaccharides content, thus requiring enzymes for digestion.
- China held the largest share of the Asia-Pacific feed enzymes market, with a share of 43.7% in 2022, primarily due to the country's increased poultry headcount by 1.6% during 2017-2022. Owing to such factors and the importance of feed enzymes in animal nutrition, the market is expected to record a CAGR of 5.0% during the forecast period (2023-2029).
| Sub Additive | |
| Carbohydrases | |
| Phytases | |
| Other Enzymes |
| Animal | |||||||
| |||||||
| |||||||
| |||||||
| Swine | |||||||
| Other Animals |
| Country | |
| Australia | |
| China | |
| India | |
| Indonesia | |
| Japan | |
| Philippines | |
| South Korea | |
| Thailand | |
| Vietnam | |
| Rest of Asia-Pacific |
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Market Definition
- FUNCTIONS - For the study, feed additives are considered to be commercially manufactured products that are used to enhance characteristics such as weight gain, feed conversion ratio, and feed intake when fed in appropriate proportions.
- RESELLERS - Companies engaged in reselling feed additives without value addition have been excluded from the market scope, to avoid double counting.
- END CONSUMERS - Compound feed manufacturers are considered to be end-consumers in the market studied. The scope excludes farmers buying feed additives to be used directly as supplements or premixes.
- INTERNAL COMPANY CONSUMPTION - Companies engaged in the production of compound feed as well as the manufacturing of feed additives are part of the study. However, while estimating the market sizes, the internal consumption of feed additives by such companies has been excluded.
| Keyword | Definition |
|---|---|
| Feed additives | Feed additives are products used in animal nutrition for purposes of improving the quality of feed and the quality of food from animal origin, or to improve the animals’ performance and health. |
| Probiotics | Probiotics are microorganisms introduced into the body for their beneficial qualities. (It maintains or restores beneficial bacteria to the gut). |
| Antibiotics | Antibiotic is a drug that is specifically used to inhibit the growth of bacteria. |
| Prebiotics | A non-digestible food ingredient that promotes the growth of beneficial microorganisms in the intestines. |
| Antioxidants | Antioxidants are compounds that inhibit oxidation, a chemical reaction that produces free radicals. |
| Phytogenics | Phytogenics are a group of natural and non-antibiotic growth promoters derived from herbs, spices, essential oils, and oleoresins. |
| Vitamins | Vitamins are organic compounds, which are required for normal growth and maintenance of the body. |
| Metabolism | A chemical process that occurs within a living organism in order to maintain life. |
| Amino acids | Amino acids are the building blocks of proteins and play an important role in metabolic pathways. |
| Enzymes | Enzyme is a substance that acts as a catalyst to bring about a specific biochemical reaction. |
| Anti-microbial resistance | The ability of a microorganism to resist the effects of an antimicrobial agent. |
| Anti-microbial | Destroying or inhibiting the growth of microorganisms. |
| Osmotic balance | It is a process of maintaining salt and water balance across membranes within the body's fluids. |
| Bacteriocin | Bacteriocins are the toxins produced by bacteria to inhibit the growth of similar or closely related bacterial strains. |
| Biohydrogenation | It is a process that occurs in the rumen of an animal in which bacteria convert unsaturated fatty acids (USFA) to saturated fatty acids (SFA). |
| Oxidative rancidity | It is a reaction of fatty acids with oxygen, which generally causes unpleasant odors in animals. To prevent these, antioxidants were added. |
| Mycotoxicosis | Any condition or disease caused by fungal toxins, mainly due to contamination of animal feed with mycotoxins. |
| Mycotoxins | Mycotoxins are toxin compounds that are naturally produced by certain types of molds (fungi). |
| Feed Probiotics | Microbial feed supplements positively affect gastrointestinal microbial balance. |
| Probiotic yeast | Feed yeast (single-cell fungi) and other fungi used as probiotics. |
| Feed enzymes | They are used to supplement digestive enzymes in an animal’s stomach to break down food. Enzymes also ensure that meat and egg production is improved. |
| Mycotoxin detoxifiers | They are used to prevent fungal growth and to stop any harmful mold from being absorbed in the gut and blood. |
| Feed antibiotics | They are used both for the prevention and treatment of diseases but also for rapid growth and development. |
| Feed antioxidants | They are used to protect the deterioration of other feed nutrients in the feed such as fats, vitamins, pigments, and flavoring agents, thus providing nutrient security to the animals. |
| Feed phytogenics | Phytogenics are natural substances, added to livestock feed to promote growth, aid in digestion, and act as anti-microbial agents. |
| Feed vitamins | They are used to maintain the normal physiological function and normal growth and development of animals. |
| Feed flavors and sweetners | These flavors and sweeteners help to mask tastes and odors during changes in additives or medications and make them ideal for animal diets undergoing transition. |
| Feed acidifiers | Animal feed acidifiers are organic acids incorporated into the feed for nutritional or preservative purposes. Acidifiers enhance congestion and microbiological balance in the alimentary and digestive tracts of livestock. |
| Feed minerals | Feed minerals play an important role in the regular dietary requirements of animal feed. |
| Feed binders | Feed binders are the binding agents used in the manufacture of safe animal feed products. It enhances the taste of food and prolongs the storage period of the feed. |
| Key Terms | Abbreviation |
| LSDV | Lumpy Skin Disease Virus |
| ASF | African Swine Fever |
| GPA | Growth Promoter Antibiotics |
| NSP | Non-Starch Polysaccharides |
| PUFA | Polyunsaturated Fatty Acid |
| Afs | Aflatoxins |
| AGP | Antibiotic Growth Promoters |
| FAO | The Food And Agriculture Organization of the United Nations |
| USDA | The United States Department of Agriculture |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: IDENTIFY KEY VARIABLES: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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