Global Feed Carbohydrase for Poultry Application Market, By Source (Microorganism, Plant, Animal), Livestock (Broilers, Turkeys, Layers, Others), Form (Dry, Liquid), Type (Xylanase, Amylase, Cellulose, Other Carbohydrases), Function (Performance Enhancement, Feed Efficiency) – Industry Trends and Forecast to 2029.
Feed Carbohydrase for Poultry Application Market Analysis and Size
As feed ingredients contain some non-degradable harmful elements that restrict the digestive process and the animals lack the necessary enzymes required to degrade those complexes in the feed, poultry are unable to digest approximately 25% of the diet they are given. Enzymes are chemicals or catalysts that cells release to accelerate specific chemical reactions. They aid in the reduction of reaction time without being a part of the reaction. When digestibility-improving enzymes are used in animal feed, they help break down parts of the diet that the animal's digestive system cannot break down effectively on its own.
Data Bridge Market Research analyses that the feed carbohydrase for poultry application market which was valued at USD 1.57 billion in 2021 is expected to reach the value of USD 2.60 billion by 2029, at a CAGR of 6.50% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Feed Carbohydrase for Poultry Application Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Source (Microorganism, Plant, Animal), Livestock (Broilers, Turkeys, Layers, Others), Form (Dry, Liquid), Type (Xylanase, Amylase, Cellulose, Other Carbohydrases), Function (Performance Enhancement, Feed Efficiency),
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Bayer AG (Germany), BASF SE (Germany), Syngenta Crop Protection AG (Switzerland), Adama (Israel), Sumitomo Chemicals (Japan), Nufarm Limited (Australia), UPL (India), K+S Group (Germany), Israel Chemical Company (Israel), Cargill, Incorporated (U.S.), ADM (U.S.), Associated British Foods plc (U.K.), DSM (Netherlands), Kerry Group plc (Ireland), AAK AB (Sweden), Corbion (the Netherlands), International Flavours & Frangrances Inc. (U.S.)
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Opportunities
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Market Definition
Carbohydrase is an enzymes group that aids in the breakdown of carbohydrates into simple sugars. It has some of the most important applications in the food and beverage industry, including dairy, alcohol production, baking, brewing, and others, making it the most widely used type of food and beverage enzyme.
Feed Carbohydrase for Poultry Application Market Dynamics
Drivers
- Health benefits associated with feed enzymes is augmenting market growth
The increased production of livestock such as poultry, swine, and fish has resulted in an increase in the demand for animal feed enzymes products. The growing demand for feed ingredients that help improve livestock quality is propelling the market forward. The various health benefits provided by animal feed enzymes, such as increased energy and metabolism rate, are further propelling the market's growth.
- Rising awareness for animal health and rising farming standards
Growing awareness of food safety and animal health will also act as a growth driver for the market, as will rising demand for animal protein, an increase in the animal population, and the remarkable benefits of enzymes.
The increased demand for enzymes in the pharmaceutical industry to synthesise intermediates in active pharmaceutical ingredient (API) production for effective medications is expected to drive the enzymes market forward. Similarly, the ability of an enzyme to convert complex molecules to simpler molecules (starch to glucose) in food and beverage companies, removal of fats and oil stains in the detergent industry, bioethanol for biofuel production, and improved bleaching properties in the paper and pulp industries are expected to drive enzyme demand in the coming years.
Opportunity
Rising technological advancements in enzyme engineering and emerging applications, among other things, are driving the growth of the feed carbohydrase for poultry application market. Furthermore, rising innovation in phytase production processes, as well as continuous R&D activities, rising enzymes application in bio-refinery and biomass production, will create new opportunities for the Feed Carbohydrase for Poultry Application market during the forecast period.
Restraints
However, increased production costs and the availability of substitutes are the major factors acting as restraints, and will further challenge the growth of the feed carbohydrase for poultry application market during the forecast period.
This feed carbohydrase for poultry application market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the feed carbohydrase for poultry application market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Feed Carbohydrase for Poultry Application Market
The feed enzymes market is expected to benefit from the COVID-19 crisis. This is due to an increase in demand for enzymes in nutritional and immunity-boosting products, as well as an increase in consumer focus on household care and an increase in in-house food consumption. However, the companies are currently confronted with impediments as a result of intermittent supply chain activities and uncertain market conditions as a result of trade restrictions and lockdowns. This negative impact is expected to be compensated for by an increase in demand for enzymes in the food and beverage and pharmaceutical industries. As a result of the increased awareness about preventive health and dietary solutions & formulations that support immune health throughout the pandemic phase, the overall impact is expected to remain positive for key industry players.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- Novozymes and Novo Nordisk Pharmatech collaborated in November 2021 to develop best-in-class technological enzymes to aid biopharmaceutical manufacturing processes.
- In April 2021, BASF has agreed to invest with Sandoz GmbH, a Novartis affiliate, at the Kundl/Schaftenau Campus in Austria. As a result of this transaction, BASF will be able to expand its production footprint for enzymes and biotechnology products.
- In January 2021, Advanced Enzyme Technologies completed the acquisition of a 51 percent controlling interest in SciTech Specialities Private Limited (SSPL) by subscribing to the issuance of 492,630 SSPL equity shares and purchasing 27,778 SSPL equity shares from a few selling SSPL shareholders.
Global Feed Carbohydrase for Poultry Application Market Scope
The feed carbohydrase for poultry application market is segmented on the basis of source, livestock, form, type, and function. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Source
- Microorganism
- Plant
- Animal
Type
- Xylanase
- Amylase
- Cellulose
- Other Carbohydrases
Livestock
- Broilers
- Turkeys
- Layers
- Others
Form
- Liquid
- Dry
Function
- Performance enhancement
- Feed efficiency
Feed Carbohydrase for Poultry Application Market Regional Analysis/Insights
The feed carbohydrase for poultry application market is analysed and market size insights and trends are provided by country, source, livestock, form, type, and function as referenced above.
The countries covered in the feed carbohydrase for poultry application market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America contributed the most to the enzymes market due to recent advances in protein engineering in the biotechnology sector, followed by Europe and Asia-Pacific. Due to the introduction of new enzymes used in the treatment of various chronic diseases and an increase in the number of development strategies implemented in this region by key players.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Feed Carbohydrase for Poultry Application Market Share Analysis
The feed carbohydrase for poultry application market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to feed carbohydrase for poultry application market.
Some of the major players operating in the feed carbohydrase for poultry application market are:
- Bayer AG (Germany)
- BASF SE (Germany)
- Syngenta Crop Protection AG (Switzerland)
- Adama (Israel)
- Sumitomo Chemicals (Japan)
- Nufarm Limited (Australia)
- UPL (India)
- K+S Group (Germany)
- Israel Chemical Company (Israel)
- Cargill, Incorporated (U.S.)
- ADM (U.S.)
- Associated British Foods plc (U.K.)
- DSM (Netherlands)
- Kerry Group plc (Ireland)
- AAK AB (Sweden)
- Corbion (Netherlands)
- International Flavours & Frangrances Inc. (U.S.)
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