Feed Phytase Market Size, Share, Growth, And Industry Analysis, By Type (Liquid, Dry), By Application (Ruminants, Swine, Poultry, Others), Regional Insights, and Forecast to 2031

Updated On: 22 April 2024

Feed Phytase Market Report Overview

• 

• Request a Free Sample to learn more about this report

global feed phytase market size was USD 305 Million in 2022 and market is projected to touch 414.08 Million by 2031, exhibiting a CAGR of 3.4% during the forecast period.

Feed phytase is an enzyme widely used in the animal feed industry to improve phosphorus utilization and overall nutritional value. Phosphorus is an essential mineral for animal growth and development, but its availability in plant-based feed ingredients is limited due to the presence of phytate, a complex form of phosphorus. Phytate is indigestible for most monogastric animals, such as pigs and poultry, leading to inefficient phosphorus utilization and potential environmental issues when excreted. Feed phytase breaks down phytate, releasing inorganic phosphorus and other minerals, making them more accessible for absorption in the animal's digestive tract. By supplementing animal feed with phytase, the animals can better utilize phosphorus, leading to improved growth performance, bone health, and reduced phosphorus excretion into the environment, which is beneficial for sustainable livestock production. In addition to its phosphorus-liberating benefits, feed phytase can also enhance the availability of other nutrients, such as amino acids and trace minerals, by breaking down phytate complexes that bind to these nutrients. This not only improves overall feed efficiency but also reduces the need for expensive mineral supplements in animal diets.

The global feed phytase market has been witnessing steady growth in recent years. Feed phytase is an enzyme used in animal feed to improve the utilization of phosphorus and other minerals, leading to better digestion and nutrient absorption in animals. The market is primarily driven by the growing demand for meat and poultry products, along with increasing awareness about the benefits of phytase in improving feed efficiency and reducing phosphorus pollution in animal waste.

COVID-19 Impact: Lockdown Caused Restrictions on Movement Hampered the Market Growth

The Covid-19 pandemic had a significant impact on the global feed phytase market. The disruptions in the supply chain and restrictions on movement led to challenges in the distribution of feed additives, including phytase. Additionally, the closure of restaurants and foodservice establishments during lockdowns affected the demand for meat and poultry products, leading to a temporary slowdown in the market. However, the market rebounded as the restrictions eased, and the demand for animal protein products gradually returned to pre-pandemic levels.

Latest Trends

"Increasing Focus on Sustainable and Eco-Friendly Solutions in Animal Agriculture to Boost the Market Development"

There is a growing awareness among consumers, producers, and policymakers about the environmental impact of intensive farming practices. Feed phytase offers a sustainable solution by reducing the need for inorganic phosphorus supplementation in animal diets. By improving phosphorus utilization in feeds, phytase helps to decrease phosphorus excretion in animal waste, thereby mitigating water pollution and reducing the ecological footprint of livestock production.

Feed Phytase Market Segmentation

• 

• Request a Free Sample to learn more about this report

• By Type Analysis

According to type, the market can be segmented into liquid, and dry. Liquid being the leading segment of the market by type analysis.

• By Application Analysis

Based on application, the market can be divided into ruminants, swine, poultry, others. Ruminants being the leading segment of the market by application analysis.

Driving Factors

"Growing Demand for Meat and Poultry Products to Drive the Market Growth"

The increasing global population and rising disposable incomes have led to a surge in the demand for animal protein products, such as meat and poultry. This has resulted in higher livestock production to meet the protein requirements of the growing population. Feed phytase plays a crucial role in improving feed efficiency and nutrient absorption in animals, leading to enhanced growth rates and better feed conversion ratios. As a result, feed phytase has become a vital component in modern animal nutrition, driving its demand in the feed industry.

"Focus on Sustainable Animal Farming to Drive the Market Development"

The growing concerns about environmental sustainability and the impact of animal agriculture on the planet have driven the adoption of eco-friendly practices in the livestock industry. Feed phytase, by reducing phosphorus excretion in animal waste, helps to minimize phosphorus pollution in soil and water bodies. This eco-friendly attribute of feed phytase has gained significant attention from producers, regulators, and consumers alike. As sustainable farming practices gain momentum, the demand for feed phytase is expected to witness a further upswing.

Restraining Factors

"High Cost of Phytase Enzymes to Impede the Market Growth"

The production of phytase is a complex biotechnological process, which requires significant investments in research, development, and manufacturing. As a result, feed phytase tends to be relatively expensive, which can pose a challenge for small and medium-sized livestock producers, especially in developing regions. Efforts are being made by manufacturers to optimize production processes and reduce costs to make phytase more affordable for a wider range of farmers.

Feed Phytase Market Regional Insights

• 

• Request a Free Sample to learn more about this report

"Well-Established Livestock Industry in North America to Bolster the Market Development"

North America holds a prominent position in the global feed phytase market, primarily due to its well-established livestock industry. The region has a long-standing tradition of animal agriculture and is home to a large number of livestock farms, including cattle, poultry, and swine farms. With a consistent demand for high-quality animal protein, North America has witnessed steady growth in its livestock production sector, which, in turn, has contributed to the rising demand for feed phytase. Feed phytase has emerged as an essential additive in animal nutrition in North America due to its proven benefits in enhancing feed efficiency and nutrient utilization. By breaking down phytate, an indigestible form of phosphorus found in plant-based feeds, phytase liberates phosphorus and other minerals, making them more available for absorption by the animal. This not only improves the overall feed efficiency but also reduces the need for inorganic phosphorus supplementation, leading to cost savings for farmers. As livestock producers increasingly prioritize optimizing feed utilization and reducing waste, the adoption of feed phytase has become a strategic choice.

The Asia Pacific region is witnessing rapid economic growth, urbanization, and a considerable increase in per capita income. These factors have contributed to a substantial shift in dietary preferences, with an increasing demand for animal protein products. The region's rising middle-class population, coupled with changing lifestyles and dietary habits, has resulted in a growing appetite for meat, eggs, and dairy products. As a consequence, the livestock industry in Asia Pacific has experienced significant expansion to meet the surging demand for animal protein. In tandem with the growth of the livestock sector, there has been a rising recognition of the importance of animal nutrition in ensuring optimal animal health and performance. Feed additives, such as feed phytase, have garnered attention as essential components to enhance animal feed formulations. By improving phosphorus utilization and mineral absorption, phytase helps to boost the growth rates and overall productivity of livestock. As farmers aim to achieve higher yields and maximize feed efficiency to meet the increasing demand for animal protein, the incorporation of feed phytase has become a strategic choice for feed manufacturers and livestock producers across the region.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• BASF SE (Germany)
• DuPont de Nemours (U.S.)
• Associated British Foods plc (U.K.)
• DSM (Netherlands)
• Bluestar Adisseo Company (China)
• Guangdong VTR Bio-Tech (China)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.