Asia-Pacific Feed Enzymes Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Asia-Pacific Feed Enzymes market is segmented by Type (Carbohydrases, Phytatses and Others) and by Animal type (Ruminant, Poultry, Swine, Aquaculture, and Other Animals). The market is also segmented on the basis of Geography covering the major countries in the region.

Market Snapshot

Market Snapshot
Study Period: 2016 - 2026
Base Year: 2019
CAGR: 5.3 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The Asia Pacific feed enzymes market is projected to register a CAGR of 5.3% over the forecast period (2020-2025). The increasing demand for the animal protein, raising animals population and the vital benefits of the enzymes are correlated with the growth of the market. This positive trend attracts more players to enter the feed enzymes market. Industrialization of the livestock industry has led to the use of artificial feeds which have a large amount of corn and soy as a major protein ingredient in the feed. This has led to increase in the usage of the feed enzymes, attracting many players to the market. However, the investment in R&D  is very high that acts as a major restraint preventing small players from entering the market. Asia-Pacific is the largest market for feed enzymes as of 2019 and is projected to remain the largest market, globally, during the forecast period. China and India being a larger market in the Asia-Pacific region, their larger population is one of the major factors for Asia-Pacific remaining as the largest market in the world.

Scope of the report

Feed enzymes are used to help animals in easy digestion and to ensure that animals get a complete diet or nutrition from the feeds fed to them. They help break down anti-nutritional factors like phytatate and fibers. Supplementing the feed with specific enzymes improves the nutritional value of feed ingredients, increasing the efficiency of digestion. In this report, the market has been segmented by type, by animal type and by geography.

Type
Carbohydrases
Phytases
Others
Animal Type
Ruminant
Poultry
Swine
Aquaculture
Others
Geography
China
India
Japan
Australia
Rest of Asia Pacific

Report scope can be customized per your requirements. Click here.

Key Market Trends

Increased Meat and Seafood Consumption

The Asia-Pacific region is the leading compound feed producing and consuming region in the world, thereby inflicting a direct impact on the feed additives market. Demographic change in the Asia-Pacific is primarily characterized with proliferating middle-income households and rising levels of income, that have led to changes in dietary preferences of the population, thereby, resulting in an increased per capita consumption of meat and seafood. With greater awareness among the population regarding the importance of protein-rich diets, an increase in the consumption of animal protein sources is expected.​​ According to the Food and Agricultural Organization’s (FAO) data for the period of 2010-17, fish production in the region increased from 16.02 million ton in 2010 to 17.9 million ton in 2017. Till date, the production, solely from aquaculture, has continued to increase at a steady rate of 5% since 2016. ​Therefore, livestock and aquaculture yields are expected to improve by way of adoption of better feed management practices and increased use of feed additives such as feed enzymes in the region, thereby driving the market during the forecast period. ​

Asia Pacific Feed Enzymes Market

China dominates the Feed Enzymes Market

China is one of the largest consumer of feed enzymes in the world. China is also the largest producer and consumer of pork in the Asia Pacific region. Swine cannot digest approximately one fourth of the diet they are fed because the feed ingredients contain undegradable harmful factors that hinder the digestive process. Often, the animal is devoid of the necessary enzymes needed to degrade certain complexes in the feed. Supplementation of feed with enzymes enhances its nutritive value, thereby increasing the effectiveness of digestion. The production of high quantity of pork is a major reason for such a large market of feed enzymes in the country. However, owing to the African Swine Fever (ASF) outbreaks in China, the pig herds reduced significantly during 2018-19, thereby affecting the feed enzymes market adversely. Slow herd replenishment, especially in the swine fever affected regions is contributing to the near time shortfall and resulting in the shortfall of swine feed demand in the country. However, as per the China Feed Industry Association, the swine feed usage is likely to rebound by 5% in the year 2020. Thus, the outbreak of African Swine Fever is likely to act as a catalyst to foster the country’s feed industry upgrades thereby accelerating the feed enzymes sales in the years to come.​

Asia Pacific Feed Enzyme Market

Competitive Landscape

The Asia Pacific feed enzymes market is a fragmented market with many players in the market. BASF SE, Chr. Hansen Holding, AB Enzymes and Advanced Enzymes Technologies are few keyl players in the market. These players in the market are taping the market potential by various activities including acquisition of other local companies, investing in their R&D facilities and more. The major investments are directed to product line expansions and innovating new product to retain the existing customer base.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Introduction to Market Drivers & Restraints

    3. 4.3 Market Drivers

    4. 4.4 Market Restraints

    5. 4.5 Porter's Five Forces Analysis

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Carbohydrases

      2. 5.1.2 Phytases

      3. 5.1.3 Others

    2. 5.2 Animal Type

      1. 5.2.1 Ruminant

      2. 5.2.2 Poultry

      3. 5.2.3 Swine

      4. 5.2.4 Aquaculture

      5. 5.2.5 Others

    3. 5.3 Geography

      1. 5.3.1 China

      2. 5.3.2 India

      3. 5.3.3 Japan

      4. 5.3.4 Australia

      5. 5.3.5 Rest of Asia Pacific

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Ab Enzymes Gmbh

      2. 6.3.2 Advanced Enzymes Technologies

      3. 6.3.3 Adisseo

      4. 6.3.4 BASF SE

      5. 6.3.5 Biovet Jsc

      6. 6.3.6 Biocatalysts

      7. 6.3.7 Chr. Hansen Holding

      8. 6.3.8 Danisco

      9. 6.3.9 Novozymes

      10. 6.3.10 Koninklijke DSM N.V

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. IMPACT OF COVID-19

**Subject to Availability

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The Asia-Pacific Feed Enzymes Market market is studied from 2016 - 2026.

The Asia-Pacific Feed Enzymes Market is growing at a CAGR of 5.3% over the next 5 years.

AB Enzymes Gmbh, Advanced Enzymes Technologies, Bluestar Adisseo Co., BASF SE, Chr. Hansen Holding are the major companies operating in Asia-Pacific Feed Enzymes Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!