Animal Feed Phytase Market Size - By Form (Liquid, Granules or Powder), By Class (3-Phytase, 6-Phytase), By Source (Plants, Microorganisms), By Livestock (Poultry, Swine, Cattle, Aquaculture) & Forecast, 2022 - 2030

Animal Feed Phytase Market Size

Animal Feed Phytase Market size was worth more than USD 510 million in 2021. Driven by shifting food trends around the world, the industry is expected to depict a CAGR of 6.5% from 2022 to 2030.
 

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Phytase improves the digestibility of phosphorous, calcium, amino acids, and energy while also decreasing the detrimental effects of inorganic P excretion on the environment. Increasing consumption of meat and dairy products is projected to foster market expansion. Rising preference for nutritious diets, along with a considerable rise in disposable incomes, is set to boost animal husbandry, thus promoting the growth of the animal feed phytase market.
 

Growing awareness regarding POME (palm oil mill effluent)-based fungi are slated to bolster the progress of the animal feed phytase industry in the coming years. Furthermore, rigorous research and development activities relating to phytase enzymes are boosting product penetration in the animal feed industry.
 

Absence of standardized regulations may restrain industry progression

The lack of standardized regulatory guidelines is a key factor hindering the animal feed phytase market growth. Physiological restrictions pertaining to its use for cattle are hampering the product adoption rate. For instance, phytase hyper dosage has a negative impact on laying hens' feed conversion ratio and mass production of eggs. Nevertheless, the burgeoning awareness regarding the proper use of phytase for its beneficial qualities in animal feed applications is likely to help industry players eventually combat this issue.
 

Animal Feed Phytase Market Analysis

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In terms of form, the animal feed phytase market is categorized into liquid and granules or powder. The liquid segment is estimated to grow at a CAGR of 6.5% through the analysis timeline. Liquid phytase is extensively used in the post-pelleting process, which protects heat-sensitive additives, such as phytase, from deterioration. Liquid phytase is free of turbidity or suspended particles and thus, guarantees optimum post-pelleting system application to the cooled pellets. Mounting demand for effective phytase enzymes to enhance animal feed quality is foreseen to raise liquid phytase sales.
 

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With respect to class, the animal feed phytase market is divided into 3-phytase, 6-phytase, and others. The 6-phytase segment is expected to reach a valuation of USD 390 million by 2030. 6-phytase is manufactured by a genetically modified strain of Aspergillus oryzae and Komagataella phaffii. The EU has authorized its use in poultry and pigs feed as EFSA declared it safe as an enzyme for aquafeed. Thus, accelerating usage of 6-phytase in swine and poultry feed applications is poised to drive product uptake.
 

Animal feed phytase market from plants source segment is slated to grow at a CAGR of 7% over the assessment timeframe. Plants have lower levels of inorganic phosphorous and reduced feed costs, which are beneficial for chicken and swine diets. In addition, it improves the sustainability of animal production, which is set to stimulate the need for phytase obtained from plants, thereby fostering segment outlook.
 

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In terms of livestock, animal feed phytase market is segregated into poultry, swine, cattle, aquaculture, and others. The poultry segment was valued at USD 210 Million in 2021 and is forecast to progress at a CAGR of 6% through the study period. The poultry industry has been using phytase enzymes to cut feed costs and lessen the effects of phytic acid on nutrient digestibility and the environment. Additionally, surging demand for poultry meat in the food & beverage industry is amplifying the demand for phytase additives for poultry livestock.
 

Europe animal feed phytase market is projected to amass a valuation of USD 390 million by 2030. The expanding processed food and fast food industries, coupled with a change in consumer preference for ready-to-eat food, is anticipated to positively influence the regional aquaculture sector, thereby promoting the growth of the domestic aquaculture feed additives market. Europe’s aquaculture business is highly dependent on complex commercial aquafeed, which is driving industry development.
 

Animal Feed Phytase Market Share

• AB Enzymes (Associated British Foods PLC)
• Alltech
• BASF SE
• Novozymes
• Novus International
• Adisseo
• DuPont
• DSM

are some of the key animal feed phytase market players. These companies focus mainly on strengthening their product portfolios and engaging in strategic mergers and acquisitions to stay ahead in the competitive landscape.
 

Impact of COVID-19 Pandemic

The COVID-19 pandemic had a moderate impact on industry growth due to stringent lockdowns and disruptions in the global supply chain in the initial phases. On the other hand, the industry also witnessed a surge in demand as increased consumer inclination towards processed food stimulated animal food consumption, thereby increasing the demand for enzyme-based feed for animals. Moreover, since phytase accumulation is comparatively sustainable, the post-pandemic scenario saw a rise in product adoption due to the shift in manufacturers’ preference toward more cost-effective and environment-friendly options for the animal feed industry.
 

The animal feed phytase market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD Mn from 2017 to 2030 for the following segments:

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By Form

• Liquid
• Granules or Powder

By Class

• 3-Phytase
• 6-Phytase
• Others

By Source

• Plants
• Microorganisms

By Livestock

• Poultry
  • Broiler
  • Layer
  • Turkey
  • Others
• Swine
  • Starter
  • Grower
  • Sow
• Cattle
  • Dairy
  • Calf
  • Others
• Aquaculture
  • Salmon
  • Trout
  • Shrimp
  • Others
• Others

The above information is provided on a regional and country basis for the following:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • Spain
  • Russia
  • France
  • Italy
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • Malaysia
  • Thailand
  • Indonesia
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa