The global animal feed phytase market is expected to grow at a CAGR of 4.9% from 2023 to 2030, reaching a value of US$ 788.5 million by 2030. This growth will be driven by the factors mentioned above, as well as the increasing demand for animal protein and the growing adoption of phytase in developing countries.

The global animal feed phytase market is anticipated to witness significant growth over the forecast period, driven by the increasing demand for sustainable and eco-friendly feed additives. Phytase is an enzyme that helps in breaking down phytate, an indigestible form of phosphorus found in plant-based feed ingredients. By releasing phosphorus, phytase improves nutrient absorption and animal performance.

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Livestock emissions, specifically methane and nitrous oxide, are significant contributors to global greenhouse gas emissions and climate change. As a result, there is a growing demand for sustainable livestock production practices that can reduce emissions and minimize the environmental impact of animal agriculture. This is one of the key factors that is fueling the growth of the animal feed phytase market. Cattle, sheep, goats, pigs, and poultry husbandry together contribute for 18% of global greenhouse gas emissions when the complete food chain is taken into consideration.

Market Dynamics:

The animal feed phytase market is driven by several factors, including:

• Rising demand for sustainable feed additives: The increasing adoption of sustainable farming practices and the growing consumer preference for sustainably produced animal products are driving the demand for sustainable feed additives. Phytase is a sustainable feed additive as it reduces the need for inorganic phosphorus supplementation, which can contribute to environmental pollution.
• Growing awareness of the benefits of phytase: The benefits of phytase, such as improved nutrient absorption, reduced feed costs, and enhanced animal performance, are becoming increasingly recognized by animal producers. This growing awareness is leading to increased adoption of phytase in animal feed formulations.
• Expanding applications of phytase: Phytase is increasingly being used in aquaculture and pet food applications, in addition to its traditional use in swine, poultry, and ruminant feeds. This expansion of applications is further driving market growth.

Animal Feed Phytase Market by 2023 to 2030: Key Takeaways:

• The global animal feed phytase market is expected to grow at a CAGR of 4.9% from 2023 to 2030, reaching a value of US$ 788.5 million by 2030.
• The growth of the market is being driven by the increasing demand for animal-based protein, the need to reduce phosphorus pollution, and the rising adoption of phytase in animal feed.
• The Asia Pacific region is expected to be the fastest-growing market for animal feed phytase, with a CAGR of 6.2% from 2023 to 2030.

Animal Feed Phytase Market Regional Outlook:

• North America is the largest market for animal feed phytase, accounting for 40% of the global market in 2023.
• Europe is the second-largest market, accounting for 35% of the global market.
• The Asia Pacific region is the fastest-growing market for animal feed phytase.
• Latin America and the Middle East and Africa are expected to be two of the fastest-growing markets for animal feed phytase in the coming years.

Animal Feed Phytase Market Key Players:

• BASF SE
• DuPont de Nemours, Inc.
• DSM Nutritional Products Ltd.
• Novozymes A/S
• AB Enzymes GmbH
• Enzyme Bioscience
• Danisco Animal Nutrition
• Adisseo France SAS
• KEMIN Industries, Inc.
• Delvetia AG

Animal Feed Phytase Market Segmentation:

Product Segment Analysis:

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

Application Segment Analysis:

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

Regional Segment Analysis:

• USA
• Europe
• Japan
• China
• India
• South East Asia