Market Size of asia-pacific feed enzymes Industry
| 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 |
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Largest Share by Sub Additive | Carbohydrases |
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CAGR (2024 - 2029) | 5.01 % |
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Largest Share by Country | China |
Major Players |
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*Disclaimer: Major Players sorted in no particular 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).
Understand The Key Trends Shaping This Market
- 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%.
