Market Size of south america feed enzymes Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 167.29 Million |
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Market Size (2029) | USD 211.38 Million |
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Largest Share by Sub Additive | Carbohydrases |
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CAGR (2024 - 2029) | 4.79 % |
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Largest Share by Country | Brazil |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
South America Feed Enzymes Market Analysis
The South America Feed Enzymes Market size is estimated at 167.29 million USD in 2024, and is expected to reach 211.38 million USD by 2029, growing at a CAGR of 4.79% during the forecast period (2024-2029).
167.29 Million
Market Size in 2024 (USD)
211.38 Million
Market Size in 2029 (USD)
4.64 %
CAGR (2017-2023)
4.79 %
CAGR (2024-2029)
Largest Market by Sub-Additive
46.27 %
value share, Carbohydrases, 2023
Carbohydrases is the largest segment as it helps reduce animal feed cost by boosting energy and increasing the intake of protein, minerals, and lipids from animal feed.
Largest Market by Country
57.37 %
value share, Brazil, 2023
Brazil is the largest market in the region because of increased poultry meat exports from the country and the increasing industrialization of poultry production.
Fastest-growing Market by Sub-Additive
4.90 %
Projected CAGR, Phytases, 2024-2029
Phytases is the fastest-growing segment due to the high population of mono-gastric animals in the region and growing awareness about the benefits of healthy animal diets.
Fastest-growing Market by Country
5.35 %
Projected CAGR, Chile, 2024-2029
Chile is the fastest-growing market in the region as there is growing awareness of enzymes in animal feed for nutrient absorption. The rapid growth can also be attributed to the increased animal population.
Leading Market Player
16.21 %
market share, DSM Nutritional Products AG, 2022
DSM Nutritional Products AG emerged as a market leader due to strong R&D capabilities and the acquisition of a regional animal nutrition company Prodap.
- Enzymes are an important type of feed additive used in animal nutrition. In South America, enzymes held a market share of 3.8% in the total feed additives market in 2022. Enzymes are crucial in many metabolic reactions, including the breakdown of starch, protein, and fat in the animal body.
- Among enzymes, carbohydrases are the most commonly consumed in South America, with a market value of USD 70.7 million. Carbohydrases are important in reducing animal feed costs by increasing energy and degrading starch, which releases molecules that form a usable source of energy for the animal. They also enhance the intake of protein, minerals, and lipids from animal feed.
- Poultry birds were the largest animal type segment for feed carbohydrases, accounting for 52.1% of the market share value in 2022. This is associated with the higher consumption of cereal with high non-starch polysaccharide content in poultry feed.
- Phytases, on the other hand, accounted for 33.6% of the South American feed enzymes market in terms of value in 2022, making it the second-largest segment in the feed enzymes market. The rising demand for animal protein, the increasing animal population, and the benefits of enzymes are the driving factors in the positive trend of the feed enzymes market.
- Brazil is the largest market for feed enzymes in South America, accounting for 57.2% of the market share in 2022. The higher share is due to the increased headcount of poultry by 9.1% in the country between 2017 and 2022. Thus, the market for feed enzymes is expected to grow during the forecast period with a CAGR of 4.8%, owing to the importance of feed enzymes in animal nutrition.
Understand The Key Trends Shaping This Market
- The South American feed enzymes market is dominated by Brazil, which held a market value of USD 87.6 million in 2022, attributed to an 8.5% increase in Brazil's overall livestock population from 2017 to 2022, coupled with rising meat and meat product exports and a transformation from disorganized to organized livestock production. In Brazil, the poultry segment is the largest consumer of feed enzymes, accounting for 55.9% in 2022, followed by swine and ruminant segments, with market shares of 21.6% and 18.2%, respectively. The major driving factors are large grassland areas and a favorable climate for grain production.
- Argentina has the second-largest feed enzymes market in South America. It is anticipated to record a CAGR of 4.7% during the forecast period. In terms of value, the ruminant sector accounted for 50.0% of the Argentinian feed enzymes market in 2022, while the poultry segment accounted for 29.9%.
- Chile's market grew by 32.3% from 2017 to 2022, driven by the growing awareness of the health benefits of enzymes in animal feed, such as better nutrient absorption. In 2022, carbohydrases were the most widely used enzymes in animal feed in Chile, accounting for 52.3% of the overall feed enzymes market value, with swine having the most consumption by animal type.
- The Rest of South America accounted for 19.9% of South America's total feed enzymes market in 2022. The poultry segment held the largest market share of 66.9% in 2022, followed by swine at 14.1%.
- Overall, the market for feed enzymes is expected to grow during the forecast period due to the increasing usage of enzymes in the feed to supplement animals' nutritional requirements and the rapid growth of meat production.
