South America Feed Enzymes Market Size
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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.
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- 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.
South America Feed Enzymes Market Trends
Broilers and layers dominate the poultry production as the poultry farming gained popularity due to high Return on Investment (ROI) and increased demand for poultry products
- Poultry farming is a vital industry in South America, with its poultry sector experiencing an impressive growth rate of 10.1% in 2022, compared to 2017. This growth can be attributed to the increased consumption of poultry meat and its products, both domestically and internationally. In 2022, the consumption of poultry meat in Brazil alone was around 10.3 million metric tons, a significant increase from 9.6 million metric tons in 2018. This trend is set to continue as the poultry sector continues to grow and industrialize across many parts of South America.
- The production of broilers and layers is a major contributor to the region's poultry segment, accounting for around 97.3% of the total poultry production in 2022. Brazil is the largest producer of poultry products in South America, which produced around 14.6 million metric tons of chicken meat in 2021. The region is also a major poultry exporter globally, with Brazil exporting over 70% of the region's poultry meat exports. In 2021, Brazil exported about one-third of its chicken production to over 150 countries, with China being the largest destination export hub for the region.
- Poultry farming is gaining importance in the region, particularly in Brazil, due to its high yield and quick return on investment. As a result, the poultry farming industry in South America, particularly in Brazil, is experiencing steady growth due to increasing demand for poultry meat and its products, both domestically and internationally. With an increasing focus on industrialization and the benefits it offers, the poultry farming sector in the region is poised for continued growth in the coming years.
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Freshwater cultivation account for 90% of aqua production and expansion of aquaculture industry is contributing to increasing aqua feed production
- The aquaculture feed production in South America has been rapidly increasing since 2017, with a 57.5% rise in 2022, producing about 5 million metric tons of compound feed for aquatic species. Brazil and Chile have been the major contributors to the growth in feed production for aquaculture, with both countries accounting for 1.4 and 1.2 million metric tons, respectively, in 2022. This growth is primarily attributed to the rise in freshwater cultivation of aquaculture species in these countries, with freshwater cultivation accounting for 90% of the aquaculture production in Brazil on average after 2020.
- Fish feed production in South America has been on the rise and accounted for 80.4% of the total aquaculture feed production in 2022. This increase in fish feed production can be attributed to the rising fish farming in countries, like Brazil and Chile, with a 56% increase in production compared to 2017. This trend is expected to continue in the next few years as the potential for the expansion of the fisheries and aquaculture sector in the region is enormous.
- Tilapia farming is one of the major contributors to the expansion of the aquaculture industry in the region, and this has led to increased demand for compound feed. Shrimp feed production has also witnessed a significant increase of 51.4% in 2022 compared to 2019, driven by the rising demand for high-profit-margin white-leg shrimp species. This trend is expected to continue in the next few years, driven by increasing shrimp production and export demand.
- In conclusion, the aquaculture feed production in South America is projected to continue to increase in the next few years, driven by the expansion of the fisheries and aquaculture sector, rising demand for high-quality protein, and increasing export demand.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Brazil had largest ruminants population with a share of more than 50% whereas Argentina is one of the leading producer of dairy products
- Broilers and layers dominate the regional poultry feed production and increasing demand for poultry meat as well as increased awareness about feed is increasing poultry feed production
- Expansion of hog industry in Brazil and Argentina, rising pig population and increasing demand for pork meat is increasing the demand for swine feed
- Higher exports of pork from Brazil and growth in consumer demand for meat products are increasing the demand for swine production
- Brazil emerged as largest ruminant feed producer with rising animal population and high beef consumption is increasing the ruminants feed production
South America Feed Enzymes Industry Overview
The South America Feed Enzymes Market is moderately consolidated, with the top five companies occupying 44.22%. The major players in this market are Archer Daniel Midland Co., Brenntag SE, DSM Nutritional Products AG, Elanco Animal Health Inc. and Kerry Group Plc (sorted alphabetically).
South America Feed Enzymes Market Leaders
Archer Daniel Midland Co.
Brenntag SE
DSM Nutritional Products AG
Elanco Animal Health Inc.
Kerry Group Plc
Other important companies include Adisseo, Cargill Inc., IFF(Danisco Animal Nutrition), Kemin Industries, Novus International, Inc..
*Disclaimer: Major Players sorted in alphabetical order.
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South America Feed Enzymes Market News
- January 2023: Novus International acquired the Biotech company Agrivida to develop new feed additives.
- September 2022: DSM has acquired Prodap, a leading Brazilian animal nutrition and technology company. With this strategy, the company combines technology offerings, consulting services, and specialized nutritional solutions to improve animal farming efficiency and sustainability.
- June 2022: Brenntag established a new office in the United States to operate in North and South American markets. The new corporate office will combine the many functional teams and boost innovation.
Free with this Report
We provide a complimentary and exhaustive set of data points on regional and country-level metrics that present the fundamental structure of the industry. Presented in the form of 35+ free charts, the section covers difficult-to-find data of various regions on feed production through various animal categories such as Ruminants, Poultry, Swine, and Aquaculture.
South America Feed Enzymes Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
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4.1 Animal Headcount
- 4.1.1 Poultry
- 4.1.2 Ruminants
- 4.1.3 Swine
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4.2 Feed Production
- 4.2.1 Aquaculture
- 4.2.2 Poultry
- 4.2.3 Ruminants
- 4.2.4 Swine
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4.3 Regulatory Framework
- 4.3.1 Argentina
- 4.3.2 Brazil
- 4.3.3 Chile
- 4.4 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
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5.1 Sub Additive
- 5.1.1 Carbohydrases
- 5.1.2 Phytases
- 5.1.3 Other Enzymes
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5.2 Animal
- 5.2.1 Aquaculture
- 5.2.1.1 By Sub Animal
- 5.2.1.1.1 Fish
- 5.2.1.1.2 Shrimp
- 5.2.1.1.3 Other Aquaculture Species
- 5.2.2 Poultry
- 5.2.2.1 By Sub Animal
- 5.2.2.1.1 Broiler
- 5.2.2.1.2 Layer
- 5.2.2.1.3 Other Poultry Birds
- 5.2.3 Ruminants
- 5.2.3.1 By Sub Animal
- 5.2.3.1.1 Beef Cattle
- 5.2.3.1.2 Dairy Cattle
- 5.2.3.1.3 Other Ruminants
- 5.2.4 Swine
- 5.2.5 Other Animals
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5.3 Country
- 5.3.1 Argentina
- 5.3.2 Brazil
- 5.3.3 Chile
- 5.3.4 Rest of South America
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
- 6.4.1 Adisseo
- 6.4.2 Archer Daniel Midland Co.
- 6.4.3 Brenntag SE
- 6.4.4 Cargill Inc.
- 6.4.5 DSM Nutritional Products AG
- 6.4.6 Elanco Animal Health Inc.
- 6.4.7 IFF(Danisco Animal Nutrition)
- 6.4.8 Kemin Industries
- 6.4.9 Kerry Group Plc
- 6.4.10 Novus International, Inc.
7. KEY STRATEGIC QUESTIONS FOR FEED ADDITIVE CEOS
8. APPENDIX
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8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Global Market Size and DROs
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- POPULATION OF POULTRY, NUMBER, SOUTH AMERICA, 2017-2022
- Figure 2:
- POPULATION OF RUMINANTS, NUMBER, SOUTH AMERICA, 2017-2022
- Figure 3:
- POPULATION OF SWINE, NUMBER, SOUTH AMERICA, 2017-2022
- Figure 4:
- PRODUCTION VOLUME OF AQUACULTURE FEED, METRIC TON, SOUTH AMERICA, 2017-2022
- Figure 5:
- PRODUCTION VOLUME OF POULTRY FEED, METRIC TON, SOUTH AMERICA, 2017-2022
- Figure 6:
- PRODUCTION VOLUME OF RUMINANTS FEED, METRIC TON, SOUTH AMERICA, 2017-2022
- Figure 7:
- PRODUCTION VOLUME OF SWINE FEED, METRIC TON, SOUTH AMERICA, 2017-2022
- Figure 8:
- VOLUME OF FEED ENZYMES, METRIC TON, SOUTH AMERICA, 2017 - 2029
- Figure 9:
- VALUE OF FEED ENZYMES, USD, SOUTH AMERICA, 2017 - 2029
- Figure 10:
- VOLUME OF FEED ENZYMES BY SUB ADDITIVE CATEGORIES, METRIC TON, SOUTH AMERICA, 2017 - 2029
- Figure 11:
- VALUE OF FEED ENZYMES BY SUB ADDITIVE CATEGORIES, USD, SOUTH AMERICA, 2017 - 2029
- Figure 12:
- VOLUME SHARE OF FEED ENZYMES BY SUB ADDITIVE CATEGORIES, %, SOUTH AMERICA, 2017,2023 AND 2029
- Figure 13:
- VALUE SHARE OF FEED ENZYMES BY SUB ADDITIVE CATEGORIES, %, SOUTH AMERICA, 2017,2023 AND 2029
- Figure 14:
- VOLUME OF CARBOHYDRASES FEED ENZYMES, METRIC TON, SOUTH AMERICA, 2017 - 2029
- Figure 15:
- VALUE OF CARBOHYDRASES FEED ENZYMES, USD, SOUTH AMERICA, 2017 - 2029
- Figure 16:
- VALUE SHARE OF CARBOHYDRASES FEED ENZYMES BY ANIMAL TYPE, %, SOUTH AMERICA, 2022 AND 2029
- Figure 17:
- VOLUME OF PHYTASES FEED ENZYMES, METRIC TON, SOUTH AMERICA, 2017 - 2029
- Figure 18:
- VALUE OF PHYTASES FEED ENZYMES, USD, SOUTH AMERICA, 2017 - 2029
- Figure 19:
- VALUE SHARE OF PHYTASES FEED ENZYMES BY ANIMAL TYPE, %, SOUTH AMERICA, 2022 AND 2029
- Figure 20:
- VOLUME OF OTHER ENZYMES FEED ENZYMES, METRIC TON, SOUTH AMERICA, 2017 - 2029
- Figure 21:
- VALUE OF OTHER ENZYMES FEED ENZYMES, USD, SOUTH AMERICA, 2017 - 2029
- Figure 22:
- VALUE SHARE OF OTHER ENZYMES FEED ENZYMES BY ANIMAL TYPE, %, SOUTH AMERICA, 2022 AND 2029
- Figure 23:
- VOLUME OF FEED ENZYMES BY ANIMAL TYPE, METRIC TON, SOUTH AMERICA, 2017 - 2029
- Figure 24:
- VALUE OF FEED ENZYMES BY ANIMAL TYPE, USD, SOUTH AMERICA, 2017 - 2029
- Figure 25:
- VOLUME SHARE OF FEED ENZYMES BY ANIMAL TYPE, %, SOUTH AMERICA, 2017,2023 AND 2029
- Figure 26:
- VALUE SHARE OF FEED ENZYMES BY ANIMAL TYPE, %, SOUTH AMERICA, 2017,2023 AND 2029
- Figure 27:
- VOLUME OF AQUACULTURE FEED ENZYMES BY SUB ANIMAL TYPE, METRIC TON, SOUTH AMERICA, 2017 - 2029
- Figure 28:
- VALUE OF AQUACULTURE FEED ENZYMES BY SUB ANIMAL TYPE, USD, SOUTH AMERICA, 2017 - 2029
- Figure 29:
- VOLUME SHARE OF AQUACULTURE FEED ENZYMES BY SUB ANIMAL TYPE, %, SOUTH AMERICA, 2017,2023 AND 2029
- Figure 30:
- VALUE SHARE OF AQUACULTURE FEED ENZYMES BY SUB ANIMAL TYPE, %, SOUTH AMERICA, 2017,2023 AND 2029
- Figure 31:
- VOLUME OF FISH FEED ENZYMES, METRIC TON, SOUTH AMERICA, 2017 - 2029
- Figure 32:
- VALUE OF FISH FEED ENZYMES, USD, SOUTH AMERICA, 2017 - 2029
- Figure 33:
- VALUE SHARE OF FISH FEED ENZYMES BY SUB ADDITIVE CATEGORIES, %, SOUTH AMERICA, 2022 AND 2029
- Figure 34:
- VOLUME OF SHRIMP FEED ENZYMES, METRIC TON, SOUTH AMERICA, 2017 - 2029
- Figure 35:
- VALUE OF SHRIMP FEED ENZYMES, USD, SOUTH AMERICA, 2017 - 2029
- Figure 36:
- VALUE SHARE OF SHRIMP FEED ENZYMES BY SUB ADDITIVE CATEGORIES, %, SOUTH AMERICA, 2022 AND 2029
- Figure 37:
- VOLUME OF OTHER AQUACULTURE SPECIES FEED ENZYMES, METRIC TON, SOUTH AMERICA, 2017 - 2029
- Figure 38:
- VALUE OF OTHER AQUACULTURE SPECIES FEED ENZYMES, USD, SOUTH AMERICA, 2017 - 2029
- Figure 39:
- VALUE SHARE OF OTHER AQUACULTURE SPECIES FEED ENZYMES BY SUB ADDITIVE CATEGORIES, %, SOUTH AMERICA, 2022 AND 2029
- Figure 40:
- VOLUME OF POULTRY FEED ENZYMES BY SUB ANIMAL TYPE, METRIC TON, SOUTH AMERICA, 2017 - 2029
- Figure 41:
- VALUE OF POULTRY FEED ENZYMES BY SUB ANIMAL TYPE, USD, SOUTH AMERICA, 2017 - 2029
- Figure 42:
- VOLUME SHARE OF POULTRY FEED ENZYMES BY SUB ANIMAL TYPE, %, SOUTH AMERICA, 2017,2023 AND 2029
- Figure 43:
- VALUE SHARE OF POULTRY FEED ENZYMES BY SUB ANIMAL TYPE, %, SOUTH AMERICA, 2017,2023 AND 2029
- Figure 44:
- VOLUME OF BROILER FEED ENZYMES, METRIC TON, SOUTH AMERICA, 2017 - 2029
- Figure 45:
- VALUE OF BROILER FEED ENZYMES, USD, SOUTH AMERICA, 2017 - 2029
- Figure 46:
- VALUE SHARE OF BROILER FEED ENZYMES BY SUB ADDITIVE CATEGORIES, %, SOUTH AMERICA, 2022 AND 2029
- Figure 47:
- VOLUME OF LAYER FEED ENZYMES, METRIC TON, SOUTH AMERICA, 2017 - 2029
- Figure 48:
- VALUE OF LAYER FEED ENZYMES, USD, SOUTH AMERICA, 2017 - 2029
- Figure 49:
- VALUE SHARE OF LAYER FEED ENZYMES BY SUB ADDITIVE CATEGORIES, %, SOUTH AMERICA, 2022 AND 2029
- Figure 50:
- VOLUME OF OTHER POULTRY BIRDS FEED ENZYMES, METRIC TON, SOUTH AMERICA, 2017 - 2029
- Figure 51:
- VALUE OF OTHER POULTRY BIRDS FEED ENZYMES, USD, SOUTH AMERICA, 2017 - 2029
- Figure 52:
- VALUE SHARE OF OTHER POULTRY BIRDS FEED ENZYMES BY SUB ADDITIVE CATEGORIES, %, SOUTH AMERICA, 2022 AND 2029
- Figure 53:
- VOLUME OF RUMINANTS FEED ENZYMES BY SUB ANIMAL TYPE, METRIC TON, SOUTH AMERICA, 2017 - 2029
- Figure 54:
- VALUE OF RUMINANTS FEED ENZYMES BY SUB ANIMAL TYPE, USD, SOUTH AMERICA, 2017 - 2029
- Figure 55:
- VOLUME SHARE OF RUMINANTS FEED ENZYMES BY SUB ANIMAL TYPE, %, SOUTH AMERICA, 2017,2023 AND 2029
- Figure 56:
- VALUE SHARE OF RUMINANTS FEED ENZYMES BY SUB ANIMAL TYPE, %, SOUTH AMERICA, 2017,2023 AND 2029
- Figure 57:
- VOLUME OF BEEF CATTLE FEED ENZYMES, METRIC TON, SOUTH AMERICA, 2017 - 2029
- Figure 58:
- VALUE OF BEEF CATTLE FEED ENZYMES, USD, SOUTH AMERICA, 2017 - 2029
- Figure 59:
- VALUE SHARE OF BEEF CATTLE FEED ENZYMES BY SUB ADDITIVE CATEGORIES, %, SOUTH AMERICA, 2022 AND 2029
- Figure 60:
- VOLUME OF DAIRY CATTLE FEED ENZYMES, METRIC TON, SOUTH AMERICA, 2017 - 2029
- Figure 61:
- VALUE OF DAIRY CATTLE FEED ENZYMES, USD, SOUTH AMERICA, 2017 - 2029
- Figure 62:
- VALUE SHARE OF DAIRY CATTLE FEED ENZYMES BY SUB ADDITIVE CATEGORIES, %, SOUTH AMERICA, 2022 AND 2029
- Figure 63:
- VOLUME OF OTHER RUMINANTS FEED ENZYMES, METRIC TON, SOUTH AMERICA, 2017 - 2029
- Figure 64:
- VALUE OF OTHER RUMINANTS FEED ENZYMES, USD, SOUTH AMERICA, 2017 - 2029
- Figure 65:
- VALUE SHARE OF OTHER RUMINANTS FEED ENZYMES BY SUB ADDITIVE CATEGORIES, %, SOUTH AMERICA, 2022 AND 2029
- Figure 66:
- VOLUME OF SWINE FEED ENZYMES, METRIC TON, SOUTH AMERICA, 2017 - 2029
- Figure 67:
- VALUE OF SWINE FEED ENZYMES, USD, SOUTH AMERICA, 2017 - 2029
- Figure 68:
- VALUE SHARE OF SWINE FEED ENZYMES BY SUB ADDITIVE CATEGORIES, %, SOUTH AMERICA, 2022 AND 2029
- Figure 69:
- VOLUME OF OTHER ANIMALS FEED ENZYMES, METRIC TON, SOUTH AMERICA, 2017 - 2029
- Figure 70:
- VALUE OF OTHER ANIMALS FEED ENZYMES, USD, SOUTH AMERICA, 2017 - 2029
- Figure 71:
- VALUE SHARE OF OTHER ANIMALS FEED ENZYMES BY SUB ADDITIVE CATEGORIES, %, SOUTH AMERICA, 2022 AND 2029
- Figure 72:
- VOLUME OF FEED ENZYMES BY COUNTRY, METRIC TON, SOUTH AMERICA, 2017 - 2029
- Figure 73:
- VALUE OF FEED ENZYMES BY COUNTRY, USD, SOUTH AMERICA, 2017 - 2029
- Figure 74:
- VOLUME SHARE OF FEED ENZYMES BY COUNTRY, %, SOUTH AMERICA, 2017,2023 AND 2029
- Figure 75:
- VALUE SHARE OF FEED ENZYMES BY COUNTRY, %, SOUTH AMERICA, 2017,2023 AND 2029
- Figure 76:
- VOLUME OF ARGENTINA FEED ENZYMES, METRIC TON, SOUTH AMERICA, 2017 - 2029
- Figure 77:
- VALUE OF ARGENTINA FEED ENZYMES, USD, SOUTH AMERICA, 2017 - 2029
- Figure 78:
- VALUE SHARE OF ARGENTINA FEED ENZYMES BY SUB ADDITIVE CATEGORIES, %, SOUTH AMERICA, 2022 AND 2029
- Figure 79:
- VOLUME OF BRAZIL FEED ENZYMES, METRIC TON, SOUTH AMERICA, 2017 - 2029
- Figure 80:
- VALUE OF BRAZIL FEED ENZYMES, USD, SOUTH AMERICA, 2017 - 2029
- Figure 81:
- VALUE SHARE OF BRAZIL FEED ENZYMES BY SUB ADDITIVE CATEGORIES, %, SOUTH AMERICA, 2022 AND 2029
- Figure 82:
- VOLUME OF CHILE FEED ENZYMES, METRIC TON, SOUTH AMERICA, 2017 - 2029
- Figure 83:
- VALUE OF CHILE FEED ENZYMES, USD, SOUTH AMERICA, 2017 - 2029
- Figure 84:
- VALUE SHARE OF CHILE FEED ENZYMES BY SUB ADDITIVE CATEGORIES, %, SOUTH AMERICA, 2022 AND 2029
- Figure 85:
- VOLUME OF REST OF SOUTH AMERICA FEED ENZYMES, METRIC TON, SOUTH AMERICA, 2017 - 2029
- Figure 86:
- VALUE OF REST OF SOUTH AMERICA FEED ENZYMES, USD, SOUTH AMERICA, 2017 - 2029
- Figure 87:
- VALUE SHARE OF REST OF SOUTH AMERICA FEED ENZYMES BY SUB ADDITIVE CATEGORIES, %, SOUTH AMERICA, 2022 AND 2029
- Figure 88:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, SOUTH AMERICA, 2017 - 2023
- Figure 89:
- MOST ADOPTED STRATEGIES, COUNT, SOUTH AMERICA, 2017 - 2023
- Figure 90:
- VALUE SHARE OF MAJOR PLAYERS, %, SOUTH AMERICA, 2022
South America Feed Enzymes Industry Segmentation
Carbohydrases, Phytases are covered as segments by Sub Additive. Aquaculture, Poultry, Ruminants, Swine are covered as segments by Animal. Argentina, Brazil, Chile are covered as segments by Country.
- 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.
| Sub Additive | Carbohydrases | ||
| Phytases | |||
| Other Enzymes | |||
| Animal | Aquaculture | By Sub Animal | Fish |
| Shrimp | |||
| Other Aquaculture Species | |||
| Animal | Poultry | By Sub Animal | Broiler |
| Layer | |||
| Other Poultry Birds | |||
| Animal | Ruminants | By Sub Animal | Beef Cattle |
| Dairy Cattle | |||
| Other Ruminants | |||
| Animal | Swine | ||
| Other Animals | |||
| Country | Argentina | ||
| Brazil | |||
| Chile | |||
| Rest of South America |
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Market Definition
- FUNCTIONS - For the study, feed additives are considered to be commercially manufactured products that are used to enhance characteristics such as weight gain, feed conversion ratio, and feed intake when fed in appropriate proportions.
- RESELLERS - Companies engaged in reselling feed additives without value addition have been excluded from the market scope, to avoid double counting.
- END CONSUMERS - Compound feed manufacturers are considered to be end-consumers in the market studied. The scope excludes farmers buying feed additives to be used directly as supplements or premixes.
- INTERNAL COMPANY CONSUMPTION - Companies engaged in the production of compound feed as well as the manufacturing of feed additives are part of the study. However, while estimating the market sizes, the internal consumption of feed additives by such companies has been excluded.
| Keyword | Definition |
|---|---|
| Feed additives | Feed additives are products used in animal nutrition for purposes of improving the quality of feed and the quality of food from animal origin, or to improve the animals’ performance and health. |
| Probiotics | Probiotics are microorganisms introduced into the body for their beneficial qualities. (It maintains or restores beneficial bacteria to the gut). |
| Antibiotics | Antibiotic is a drug that is specifically used to inhibit the growth of bacteria. |
| Prebiotics | A non-digestible food ingredient that promotes the growth of beneficial microorganisms in the intestines. |
| Antioxidants | Antioxidants are compounds that inhibit oxidation, a chemical reaction that produces free radicals. |
| Phytogenics | Phytogenics are a group of natural and non-antibiotic growth promoters derived from herbs, spices, essential oils, and oleoresins. |
| Vitamins | Vitamins are organic compounds, which are required for normal growth and maintenance of the body. |
| Metabolism | A chemical process that occurs within a living organism in order to maintain life. |
| Amino acids | Amino acids are the building blocks of proteins and play an important role in metabolic pathways. |
| Enzymes | Enzyme is a substance that acts as a catalyst to bring about a specific biochemical reaction. |
| Anti-microbial resistance | The ability of a microorganism to resist the effects of an antimicrobial agent. |
| Anti-microbial | Destroying or inhibiting the growth of microorganisms. |
| Osmotic balance | It is a process of maintaining salt and water balance across membranes within the body's fluids. |
| Bacteriocin | Bacteriocins are the toxins produced by bacteria to inhibit the growth of similar or closely related bacterial strains. |
| Biohydrogenation | It is a process that occurs in the rumen of an animal in which bacteria convert unsaturated fatty acids (USFA) to saturated fatty acids (SFA). |
| Oxidative rancidity | It is a reaction of fatty acids with oxygen, which generally causes unpleasant odors in animals. To prevent these, antioxidants were added. |
| Mycotoxicosis | Any condition or disease caused by fungal toxins, mainly due to contamination of animal feed with mycotoxins. |
| Mycotoxins | Mycotoxins are toxin compounds that are naturally produced by certain types of molds (fungi). |
| Feed Probiotics | Microbial feed supplements positively affect gastrointestinal microbial balance. |
| Probiotic yeast | Feed yeast (single-cell fungi) and other fungi used as probiotics. |
| Feed enzymes | They are used to supplement digestive enzymes in an animal’s stomach to break down food. Enzymes also ensure that meat and egg production is improved. |
| Mycotoxin detoxifiers | They are used to prevent fungal growth and to stop any harmful mold from being absorbed in the gut and blood. |
| Feed antibiotics | They are used both for the prevention and treatment of diseases but also for rapid growth and development. |
| Feed antioxidants | They are used to protect the deterioration of other feed nutrients in the feed such as fats, vitamins, pigments, and flavoring agents, thus providing nutrient security to the animals. |
| Feed phytogenics | Phytogenics are natural substances, added to livestock feed to promote growth, aid in digestion, and act as anti-microbial agents. |
| Feed vitamins | They are used to maintain the normal physiological function and normal growth and development of animals. |
| Feed flavors and sweetners | These flavors and sweeteners help to mask tastes and odors during changes in additives or medications and make them ideal for animal diets undergoing transition. |
| Feed acidifiers | Animal feed acidifiers are organic acids incorporated into the feed for nutritional or preservative purposes. Acidifiers enhance congestion and microbiological balance in the alimentary and digestive tracts of livestock. |
| Feed minerals | Feed minerals play an important role in the regular dietary requirements of animal feed. |
| Feed binders | Feed binders are the binding agents used in the manufacture of safe animal feed products. It enhances the taste of food and prolongs the storage period of the feed. |
| Key Terms | Abbreviation |
| LSDV | Lumpy Skin Disease Virus |
| ASF | African Swine Fever |
| GPA | Growth Promoter Antibiotics |
| NSP | Non-Starch Polysaccharides |
| PUFA | Polyunsaturated Fatty Acid |
| Afs | Aflatoxins |
| AGP | Antibiotic Growth Promoters |
| FAO | The Food And Agriculture Organization of the United Nations |
| USDA | The United States Department of Agriculture |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: IDENTIFY KEY VARIABLES: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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