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South America Feed Enzymes Market Size

The South America Feed Enzymes Market is projected to experience growth over the forecast period, driven by the increasing demand for animal protein and the benefits of enzymes in animal nutrition. Enzymes, particularly carbohydrases and phytases, play a crucial role in enhancing feed efficiency and reducing costs, with Brazil being the dominant market due to its large poultry sector and favorable agricultural conditions. Argentina and Chile also contribute significantly to the market size, with distinct segments such as ruminants and swine showing notable demand. The overall expansion of the feed enzymes market in South America is attributed to the rising livestock population and the shift towards more organized livestock production systems.

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Market Size of south america feed enzymes Industry

South America Feed Enzymes Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 167.29 Million
svg icon Market Size (2029) USD 211.38 Million
svg icon Largest Share by Sub Additive Carbohydrases
svg icon CAGR (2024 - 2029) 4.79 %
svg icon Largest Share by Country Brazil
svg icon Market Concentration Medium

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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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

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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

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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

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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

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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

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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.
South America Feed Enzymes Market
  • 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 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
Poultry
By Sub Animal
Broiler
Layer
Other Poultry Birds
Ruminants
By Sub Animal
Beef Cattle
Dairy Cattle
Other Ruminants
Swine
Other Animals
Country
Argentina
Brazil
Chile
Rest of South America
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South America Feed Enzymes Market Size Summary

The South America Feed Enzymes Market is experiencing a steady growth trajectory, driven by the increasing demand for animal protein and the rising animal population in the region. Enzymes, as essential feed additives, play a crucial role in enhancing animal nutrition by facilitating metabolic reactions such as the breakdown of starch, protein, and fat. Carbohydrases are the most widely used enzymes, particularly in poultry feed, due to their ability to reduce feed costs and improve energy utilization. Brazil stands out as the largest market for feed enzymes in South America, largely due to its significant poultry industry and the transformation of livestock production from disorganized to organized systems. Argentina and Chile also contribute to the market's expansion, with Argentina focusing on ruminants and Chile witnessing increased awareness of enzyme benefits.

The aquaculture sector in South America is also witnessing substantial growth, with a notable increase in feed production for aquatic species. Brazil and Chile are leading this expansion, driven by the rise in freshwater aquaculture cultivation. The demand for high-quality protein and the export potential of fish and shrimp are key factors propelling this growth. The market for feed enzymes is moderately consolidated, with major players like Archer Daniel Midland Co., Brenntag SE, DSM Nutritional Products AG, Elanco Animal Health Inc., and Kerry Group Plc playing significant roles. Recent acquisitions and strategic expansions by these companies indicate a focus on enhancing animal farming efficiency and sustainability, further supporting the market's growth prospects.

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South America Feed Enzymes Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 1.1 Sub Additive

      1. 1.1.1 Carbohydrases

      2. 1.1.2 Phytases

      3. 1.1.3 Other Enzymes

    2. 1.2 Animal

      1. 1.2.1 Aquaculture

        1. 1.2.1.1 By Sub Animal

          1. 1.2.1.1.1 Fish

          2. 1.2.1.1.2 Shrimp

          3. 1.2.1.1.3 Other Aquaculture Species

      2. 1.2.2 Poultry

        1. 1.2.2.1 By Sub Animal

          1. 1.2.2.1.1 Broiler

          2. 1.2.2.1.2 Layer

          3. 1.2.2.1.3 Other Poultry Birds

      3. 1.2.3 Ruminants

        1. 1.2.3.1 By Sub Animal

          1. 1.2.3.1.1 Beef Cattle

          2. 1.2.3.1.2 Dairy Cattle

          3. 1.2.3.1.3 Other Ruminants

      4. 1.2.4 Swine

      5. 1.2.5 Other Animals

    3. 1.3 Country

      1. 1.3.1 Argentina

      2. 1.3.2 Brazil

      3. 1.3.3 Chile

      4. 1.3.4 Rest of South America

South America Feed Enzymes Market Size FAQs

The South America Feed Enzymes Market size is expected to reach USD 167.29 million in 2024 and grow at a CAGR of 4.79% to reach USD 211.38 million by 2029.

In 2024, the South America Feed Enzymes Market size is expected to reach USD 167.29 million.

South America Feed Enzymes Market Report Snapshots

South America Feed Enzymes Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029