Global Protease in Animal Feed Market, By Source (Animal, Plant, Microbial), Livestock (Poultry, Swine, Ruminants, Aquaculture, Others), Form (Dry, Liquid) – Industry Trends and Forecast to 2029.
Protease in Animal Feed Market Analysis and Size
Animal feed protease is used as a dietary food supplement in fowl diet regimens due to the lack of naturally occurring phosphates in feed active ingredients. In pet nutrition, pet feed protease is primarily used in the processing of feed components and the application of exogenous proteases to feed. Animal feed protease could be a viable option for lowering nutritional protein levels while maintaining performance.
Data Bridge Market Research analyses that the protease in animal feed market which was valued at USD 1.8 billion and is expected to reach the value of USD 3.69 billion by 2029 growing at a CAGR of 9.40% 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.
Protease in Animal Feed 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 billion, Volumes in Units, Pricing in USD
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Segments Covered
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Source (Animal, Plant, Microbial), Livestock (Poultry, Swine, Ruminants, Aquaculture, Others), Form (Dry, Liquid),
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, 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
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Market Players Covered
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Dow (U.S.), BASF SE (Germany), Chr. Hansen Holding A/S (Denmark), DSM (Netherlands), DuPont (U.S.), Evonik Industries AG (Germany), NOVUS INTERNATIONAL (U.S.), Alltech (Nicholasville), Associated British Foods plc (U.K.), Charoen Pokphand Foods PCL (Thailand), Cargill, Incorporated (U.S.), Nutreco (Netherlands), ForFarmers. (Netherlands), De Heus Animal Nutrition (Netherlands), Land O'Lakes (U.S.), Kent Nutrition Group (U.S.), J. D. HEISKELL & CO. (U.S.), Perdue Farms (U.S.), SunOpta (Canada), Scratch and Peck Feeds (U.S.), De Heus Animal Nutrition (Netherlands), MEGAMIX (Russia), Agrofeed (Hungary)
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Opportunities
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Market Definition
Proteolytic enzymes (proteases) are protein-degrading enzymes. Proteolytic enzymes are enzymes that break down proteins in the body or on the skin. This may aid digestion or the breakdown of proteins implicated in swelling and pain. Bromelain, chymotrypsin, ficin, papain, serrapeptase, and trypsin are some proteolytic enzymes that may be found in supplements. Proteolytic enzymes treat various conditions, including wound cleaning, digestion, pain and swelling, and many others. Refer to specific topics for more information on uses and effects.
Global Protease in Animal Feed Market Dynamics
Drivers
- rise in global meat consumption and animal based [product
Increased meat consumption due to low prices and an increase in the middle-class population can be attributed to the growth of the protease in animal feed market. Increased urbanisation, radical changes in lifestyle, and rising disposable income, the average meat consumption has increased over the last few years. Feed enzymes are driving market growth by increasing demand for animal-based products such as dairy products, meat products, and eggs, as well as increasing demand for naturally produced feed and feed additives and the easy availability of feed ingredients at lower prices.
- Rising awareness for food safety
The prevalence of improved meat quality as well as improved animal health to raise the consumption of animal-based food products, increasing demand for naturally produced feed and feed additives, and provision of cost-effective feed such as ruminants, poultry, swine, and others will likely boost the growth of the protease in animal feed market during the forecast period.
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
Protease for animal feed is in high demand among fish meal producers. Protease as a source of nutrition, replacing other fish meals in aquaculture feed, has many advantages, including digestibility, nutritional benefits in terms of protein content, and financial benefits because it is a highly valued source of protein for aquaculture feeds, and has demonstrated excellent performance in trials at highly tested doses.
Restraints
The increasing inclusion rates of enzyme along with cellulose hydrolysis remain difficult, which will likely impede the growth of the protease in the animal feed market during the forecast period. The rising cost of research and development, combined with the thermos ability of enzymes, will be the most significant challenges to market growth.
This protease in animal feed 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 protease in animal feed 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 Protease in Animal Feed Market
The protease in animal feed 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
- In November 2021, Novozymes and Novo Nordisk Pharmatech collaborated 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 Protease in Animal Feed Market Scope
The protease in animal feed market is segmented on the basis of source, livestock, and form. The growth amongst these segments will help you analyse 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
- Animal
- Plant
- Microbial
Livestock
- Poultry
- Swine
- Ruminants
- Aquaculture
- Others
Form
- Liquid
- Dry
Protease in Animal Feed Market Regional Analysis/Insights
The protease in animal feed market is analysed and market size insights and trends are provided by country, source, livestock, and form as referenced above.
The countries covered in the protease in animal feed market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, 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 protease in animal feed 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 Protease in Animal Feed Market Share Analysis
The protease in animal feed 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 protease in animal feed market.
Some of the major players operating in the protease in animal feed market are:
- Cargill, Incorporated (U.S.)
- Dow (U.S.)
- BASF SE (Germany)
- Chr. Hansen Holding A/S (Denmark)
- DSM (Netherlands)
- DuPont (U.S.)
- Evonik Industries AG (Germany)
- NOVUS INTERNATIONAL (U.S.)
- Alltech (Nicholasville)
- Associated British Foods plc (U.K.)
- Charoen Pokphand Foods PCL (Thailand)
- Nutreco (Netherlands)
- ForFarmers. (Netherlands)
- De Heus Animal Nutrition (Netherlands)
- Land O'Lakes (U.S.)
- Kent Nutrition Group (U.S.)
- J. D. HEISKELL & CO. (U.S.)
- Perdue Farms (U.S.)
- SunOpta (Canada)
- Scratch Peck Feeds (U.S.)
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