Market Size of china feed enzymes Industry
| Icons | Lable | Value |
|---|---|---|
|
Study Period | 2017 - 2029 |
|
Market Size (2024) | USD 190.45 Million |
|
|
Market Size (2029) | USD 244.28 Million |
|
Largest Share by Sub Additive | Carbohydrases |
|
|
CAGR (2024 - 2029) | 5.10 % |
|
|
Fastest Growing by Sub Additive | Phytases |
Major Players |
||
|
||
|
*Disclaimer: Major Players sorted in no particular order |
China Feed Enzymes Market Analysis
The China Feed Enzymes Market size is estimated at 190.45 million USD in 2024, and is expected to reach 244.28 million USD by 2029, growing at a CAGR of 5.10% during the forecast period (2024-2029).
190.45 Million
Market Size in 2024 (USD)
244.28 Million
Market Size in 2029 (USD)
6.39 %
CAGR (2017-2023)
5.10 %
CAGR (2024-2029)
Largest Market by Sub-Additive
46.07 %
value share, Carbohydrases, 2023
Carbohydrases account for the largest share in the market due to higher consumption and demand for carbohydrates by animals that require carbohydrase for effective digestion.
Largest Market by Animal
49.91 %
value share, Poultry, 2023
Poultry is the largest segment in the market due to high poultry production and the high demand for poultry meat and products.
Fastest-growing Market by Sub-Additive
5.16 %
Projected CAGR, Phytases, 2024-2029
Phytases are the fastest-growing segment as they help improve the utilization of phosphorus, reduce excretion, and increase digestibility for the growth of piglets.
Fastest-growing Market by Animal
6.09 %
Projected CAGR, Ruminants, 2024-2029
The ruminants segment is the largest due to the increased cattle population, rising demand for beef meat, and rising health awareness of enzymes in animal diets.
Leading Market Player
14.29 %
market share, Adisseo, 2022
Adisseo is the market leader because it developed a new enzyme product, Rovabio Advance Phy, and partnered with Calysta Inc. to expand its product portfolio.
- China dominated the feed enzymes market in the Asia-Pacific region with a market share of 43.6% in 2022, valued at USD 172 million. Due to the impact of COVID-19, the production of compound feed in the country had declined, leading to a decrease in the market for enzymes in 2020.
- Of all feed enzymes, carbohydrases were the largest concerning market value, representing 46% of the total feed enzymes market in China in 2022. This is because carbohydrases act in the stomach to break down and degrade carbohydrates such as fiber, starch, and non-starch polysaccharides into simple sugars that provide energy for use by the animal and lead to effective digestion.
- Poultry birds are the largest consumers of feed carbohydrases, with a market share of 49.6% in 2022, followed by swine (35%) and aquaculture (10.5%). In addition to carbohydrases, phytases are also growing in demand in China, with a projected CAGR of 5.1% during the forecast period (2023-2029).
- Phytases aid in reducing the antinutritional effect of phytate and improving the digestibility of phosphorus in monogastric species. They lower the level of phosphorus produced in feces by enhancing phosphorus absorption and increasing the availability of starch, protein, and amino acids in the animal body.
- As all animal species require one or more feed enzymes that cannot be synthesized naturally, such as carbohydrases and phytases, these should be provided through animal feed. It is therefore anticipated that the feed enzymes market in China will expand at a CAGR of 5% during the forecast period (2023-2029).
Understand The Key Trends Shaping This Market
