Report Overview

Brazil Feed Enzymes Market - Industry Trends & Forecast Report, 2029

Brazil feed enzymes market size was estimated at USD 57.2 million in 2022. During the forecast period between 2023 and 2029, the size of Brazil feed enzymes market is projected to grow at CAGR of 5.45% reaching a value of USD 82.93 million by 2029. Major growth drivers for Brazil feed enzymes market include increasing demand for processed food, growing population's health concerns and numerous applications of enzymes in the processed food industry. Likewise, the country's food technology innovation and increased awareness regarding higher-quality products created with enzymes are propelling the market. The supply of feed expense effectiveness and the increase in the requirement for animal-based products, like meat products, dairy products, and eggs. Also, improved meat quality or egg production, as well as better animal health, are expected to boost the consumption of animal-based food products, propelling the growth of the feed enzymes market. Likewise, the surging demand for naturally generated feed and feed additives is expected to cushion the expansion of the feed enzymes market.

Brazil Feed Enzymes Market – Overview

Feed enzymes are known to be employed to increase the quality of animal nutrition and the nutritional properties of animal fodder. Enzymes are natural proteins that are released by animals as part of the feed digesting process. Feed enzymes improve feed performance when added because they supply nutrients such as vitamins and minerals to animal feed. A normal animal feed comprises indigestible components such as complex nutrients, which make it difficult for Swine and poultry to digest the feed material entirely. Feed enzyme is an exogenously introduced animal feed additive that improves feed digestion and animal performance. The use of enzymes in feed increases the nutritional value of the meal for the animals. Phytase, carbohydrase, and protease are the most often utilized enzymes in the animal feed industry.

Brazil Feed Enzymes Market

Growth Drivers

Increasing Demand for Processed Food Products

Food enzymes have been used in the food processing industry for many years, with their applications and functions gradually expanding. The food enzyme industry is expected to increase rapidly due to changes in consumer living patterns and a strong influence on the consumption of convenience foods. Industrial food enzymes give eco-friendly products to consumers with no compromise in terms of final product quality, as consumers seek nutritious food items with a range of flavors. Due to their low cost and great productivity, microbial sources are used to create the majority of food and beverage enzymes. The digesting, softening, and anti-staling properties of food enzymes are projected to boost the growth of the food enzyme market.

Restraints

High Addition of Enzymes May Adversely Impact Health

Though feed enzyme promotes livestock health and profitability, there are physiological constraints imposed by the conditions to enzyme response in the cattle digestive system. Excessive levels of feed enzyme may influence endogenous enzymes in the gastrointestinal tract, resulting in negative effects on animal health. Feed enzymes can cause vomiting, diarrhea, flatulence, and swelling in the legs and feet, depending on the various aspects related with livestock and feed, such as age, diet type, and enzyme inclusion rates in feed products. All of these factors may limit the expansion of Brazil feed enzymes market.

Impact of COVID-19 on Brazil Feed Enzymes Market

COVID-19 had a detrimental impact on Brazil feed enzymes market that led to supply chain disruption, resulting in a shortage. Likewise, the governments globally enforced stay-at-home orders, many farmers resorted to panic buying animal feed in anticipation of possible shortages. Several worries, including truck shortages, limited delivery, and staff infected with COVID-19, pushed farmers to stock up on animal feed.

Brazil Feed Enzymes Market

Segmental Coverage

Brazil Feed Enzymes Market – By Type

By type, Brazil feed enzymes market is divided into Carbohydrases, Proteases, and Lipases segments. Carbohydrase is the enzyme of choice for most animal feed manufacturers and livestock producers. As a result, during the forecast period, the sector is expected to be the fastest growing in the feed enzymes market. The introduction of carbohydrase in feed provides numerous benefits to animals. Monogastric animals can normally digest roughly 90% of available starch, however carbohydrase aids in this process. Carbohydrase enzymes can also significantly increase the amount of energy accessible from feed materials.

Brazil Feed Enzymes Market – By Application

Based on application, Brazil feed enzyme is segmented into Bakery, Confectionery, Dairy & Frozen Desserts, Meat, Poultry & Seafood Products, and Beverages. The bakery segment held the highest market share. The enzyme is a critical element in the manufacturing of food products, particularly baked foods. These food enzymes work as a catalyst for biological reactions, resulting in improved baked goods quality. It is also utilized as a dough improver because it is responsible for the breakdown of some dough components such as starch, fiber, protein, or lipids, as well as controlling water movement during bread dough processing and providing crumb softness throughout the shelf life. Enzymes, such as asparaginase, aid in the reduction of harmful acrylamide concentration in bakery items, and other enzymes work as anti-staling agents in bread and cakes, extending the product's shelf life. As a result, enzymes are regarded as critical processing aids.

Competitive Landscape

Major companies operating in Brazil feed enzymes market include DuPont de Nemours Inc., Koninklijke DSM NV, Chr. Hansen Holding AS, ABF Ingredients, Novozymes AS, Biogenoci Co. Ltd, Cargill Incorporated, Royal DSM, and BASF SE. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

By Type

• Carbohydrases

• Proteases

• Lipases

By Application

• Bakery

• Confectionery

• Dairy & Frozen Desserts

• Meat, Poultry & Seafood Products

• Beverages

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Brazil Feed Enzymes Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Increasing demand for processed food in the country
         2. Rising awareness about better-quality products being manufactured by utilizing enzymes
      2. Restraints
         1. High addition of enzymes has adverse impacts
      3. Opportunities
         1. New product launches and innovation in production process
      4. Challenges
         1. High cost of research & development
   3. Technology Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. 1. Bargaining Power of Suppliers
         2. Bargaining Power of Buyers
         3. Threat of New Entrants
         4. Threat of Substitutes
         5. Intensity of Rivalry
4. Brazil Feed Enzymes Market Overview
   1. Market Size & Forecast, by Value, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
         1. Carbohydrases
         2. Proteases
         3. Lipases
         4. Other Types
      2. By Application
         1. Bakery
         2. Confectionery
         3. Dairy and Frozen Desserts
         4. Meat Poultry and Seafood Products
         5. Beverages
         6. Other Applications
5. Brazil Feed Enzymes Market
   1. Market Size & Forecast, by Value, 2019–2029
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. 1. By Type
         2. By Application
6. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. Brazil Feed Enzymes Market Company Market Share Analysis, 2022
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
7. Impact of Covid-19 on Brazil Feed Enzymes Market
8. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
   1. DuPont de Nemours Inc.
   2. Koninklijke DSM NV
   3. Chr. Hansen Holding AS
   4. ABF Ingredients
   5. Novozymes AS
   6. Biogenoci Co. Ltd
   7. Cargill Incorporated
   8. Royal DSM
   9. BASF SE
   10. Other Prominent Players
9. Key Strategic Recommendations
10. Research Methodology
    1. Qualitative Research
       1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
       1. Secondary Research
       2. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumptions & Limitations

*Financial information of case of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

List of Figures

Figure 1       Brazil Feed Enzymes Segmentation

Figure 2       Brazil Feed Enzymes Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2022

Figure 4       Brazil Feed Enzymes Market Size, By Value (USD Million), 2019–2029

Figure 5       Brazil Feed Enzymes Market Share, By Type, By Value, 2019–2029

Figure 6       Brazil Feed Enzymes Market Share, By Application, By Value, 2019–2029

List of Tables

Table 1        Brazil Feed Enzymes Segmentation

Table 2        Brazil Feed Enzymes Market Value Chain Analysis

Table 3        Company Market Size Analysis, 2022

Table 4        Brazil Feed Enzymes Market Size, By Value (USD Million), 2019–2029

Table 5        Brazil Feed Enzymes Market Share, By Type, By Value, 2019–2029

Table 6        Brazil Feed Enzymes Market Share, By Application, By Value, 2019–2029

Table 7        DuPont de Nemours Inc. Company Overview

Table 8        DuPont de Nemours Inc. Financial Overview

Table 9        Koninklijke DSM NV Company Overview

Table 10      Koninklijke DSM NV Financial Overview

Table 11      Chr. Hansen Holding AS Company Overview

Table 12      Chr. Hansen Holding AS Financial Overview

Table 13      ABF Ingredients Company Overview

Table 14      ABF Ingredients Financial Overview

Table 15      Novozymes AS Company Overview

Table 16      Novozymes AS Financial Overview

Table 17      Biogenoci Co. Ltd Company Overview

Table 18      Biogenoci Co. Ltd Financial Overview

Table 19      Cargill Incorporated Company Overview

Table 20      Cargill Incorporated Financial Overview

Table 21      Royal DSM Company Overview

Table 22      Royal DSM Financial Overview

Table 23      BASF SE Company Overview

Table 24      BASF SE Financial Overview