The global animal feed phytase market is projected to grow at a CAGR of 5.64% from 2022 to 2028, reaching a value of US$ 750.89 million by 2028. The Asia Pacific region is expected to be the fastest-growing market, followed by North America and Europe. The growth in the Asia Pacific region is attributed to the increasing demand for animal protein and the growing awareness of the benefits of phytase in animal feed.

The global animal feed phytase market is anticipated to witness significant growth during the forecast period, driven by factors such as rising demand for animal protein, increasing awareness of phytase benefits, and stringent regulations on phosphorus discharge. Phytase is an enzyme that helps in the digestion of phytate, an indigestible form of phosphorus present in plant-based feed ingredients. By breaking down phytate, phytase makes phosphorus available for absorption by animals, improving their feed utilization and reducing phosphorus excretion.

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The growing demand for animal protein is a major driver of the animal feed phytase market. As the global population increases, so does the demand for meat, poultry, and seafood. This is leading to an increase in the production of animal feed, which in turn is driving the demand for phytase. In addition, there is a growing awareness of the benefits of phytase among animal producers. Phytase has been shown to improve animal performance, reduce feed costs, and minimize environmental impact. As a result, more and more animal producers are incorporating phytase into their feed rations.

Furthermore, stringent regulations on phosphorus discharge are also driving the demand for phytase. Phosphorus is a major pollutant in waterways, and governments around the world are implementing regulations to reduce phosphorus discharge from animal farms. Phytase can help to reduce phosphorus excretion by animals, thereby helping animal producers to comply with environmental regulations.

Key Takeaways: Animal Feed Phytase Market by 2022 to 2028

  • The global animal feed phytase market is projected to grow at a CAGR of 5.64% from 2022 to 2028, reaching a value of US$ 750.89 million by 2028.
  • The increasing demand for animal protein, rising awareness of the benefits of phytase in animal feed, and stringent regulations on phosphorus discharge are driving the growth of the market.
  • The poultry segment is expected to be the largest application segment, accounting for a significant share of the market.
  • The Asia Pacific region is expected to be the fastest-growing regional market, owing to the increasing demand for animal protein in the region.

Drivers of the Animal Feed Phytase Market:

  • Increasing demand for animal protein: The growing global population is driving the demand for animal protein. As a result, the production of meat, poultry, and aquaculture is increasing, which is in turn driving the demand for animal feed.
  • Rising awareness of the benefits of phytase in animal feed: Phytase is an enzyme that helps animals digest phytate, a form of phosphorus that is found in plant-based feed ingredients. Phytase supplementation can improve the bioavailability of phosphorus, which can lead to improved animal performance and reduced feed costs.
  • Stringent regulations on phosphorus discharge: Governments around the world are implementing stricter regulations on phosphorus discharge from animal farms. Phytase supplementation can help to reduce phosphorus excretion in animal manure, which can help farmers to comply with these regulations.

The Major Players In The Global Animal Feed Phytase Market Include:

  • BASF,
  • DowDuPont,
  • DSM,
  • AB Enzymes,
  • Beijing Smistyle,
  • VTR,
  • Jinan Tiantianxiang (TTX),
  • Huvepharma,
  • Novozymes,
  • Vland Biotech Group,
  • Kemin Industries,
  • Willows Ingredients,
  • Adisseo

Segmentation:

By Type:

  • Granular Phytases
  • Powder Phytases
  • Liquid Phytases
  • Thermostable Phytases

By Application:

  • For Swine
  • For Poultry
  • For Ruminants
  • For Aquatic Animals
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa