North America Feed Enzymes Market - Growth, Trends and Forecasts (2020 - 2025)

North America feed enzymes market is projected to grow at a CAGR of 4.3% during the forecast period (2020 - 2025). Feed enzymes are used to help animals in easy digestion and promotes the growth and nutrition. The addition of enzymes will improve feed quality which in turn aids in improving the quality of meat produced. The United States is the largest feed producer in the region with the production amounting to 214 million metric tons followed by Mexico and Canada with the production of 36.2 million metric tons and 21.6 million metric tons respectively. Thus, the increased production will, in turn, drive the market for agricultural enzymes market. The poultry segment is projected to be the fastest-growing segment during the study period as the meat consumption is recording significant growth. Growing health concern is among the consumer is resulting in the inclusion of enzymes in the feed. Some of the major players in the market studied are AB Enzymes, Advanced Enzyme Technologies, BASF SE, Enmex and Dupont.

Key Market Trends

Commercial Production of Livestocks

Due to an increase in the consumption of meat and milk, there is an increase in the production of livestock in North America. According to the Food and Agriculture Organization FAO, in 2016 cattle and buffaloes population in the united states was 91.9 million heads which increased to 94.2 million heads in 2018. Also, the poultry bird population in 2016 was 2225.07 million that has risen to 2225.50 in 2018. According to the Alltech feed survey, in 2019 the feed production amounted to 214 million metric tons among which beef feed accounted for 61 million metric tons followed by broiler feed with 48.5 million metric tons in the United States. The increasing demand for animal protein and raising livestock population is driving the market in the region. The increased preference for natural feed products is another factor that can promote feed enzyme demand.

Poultry Sector to be the Fastest Growing

Feed enzymes are mostly used in poultry than ant other animal types. The production of poultry for meat is also likely to be higher during the forecast period as there is a significant rise in poultry meat consumption. For instance, in 2016 per capita poultry meat consumption in the united states was 48.5 Kg that has constantly increased to reach 50.1 Kg in 2019. Feed enzymes will improve the bodyweight of poultry is the factor that drives the market in the region. According to the Food and Agriculture Organization (FAO), in 2016 poultry bird population was 2402.37 million that has risen to 2403.69 million in 2018. Growth in poultry population and meat production is expected to increase the demand for superior quality feed further, thereby propelling the market for feed enzymes.

Competitive Landscape

The North America feed enzymes market is fragmented with many players. The major players in the market are AB Enzymes, Advanced Enzyme Technologies, BASF SE, Enmex, Adisesso and Dupont. These players in the market are focusing on various activities such as partnerships, acquisition of other companies, investing in their R&D facilities, new product launches, and many more. In February 2020 Adisesso made an agreement with Calysta Inc. (USA) to establish a joint venture named Calysseo to develop an innovative feed solution for aquaculture

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