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Animal Feed Phytase Market Analysis

  • Report ID: GMI5363
  • Published Date: Jan 2024
  • Report Format: PDF

Animal Feed Phytase Market Analysis

Animal Feed Phytase Market Size, By Form, 2021 - 2032 (USD Million)

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Based on Form, the granules or powder segment dominated around USD 435.6 million revenue in 2023. Phytase granules and powder contribute considerably to the market. They are recommended because of their ease of incorporation into premixes and feeds, stability during storage and handling, and compatibility with a wide range of feed processing procedures. The granules or powder segment of the market has expanded significantly due to the need for efficient and versatile additives in animal nutrition.

These types of phytase play an important function in increasing feed utilisation and animal development, similar to how barrier resins safeguard product integrity. Technological advancements have also improved the performance of granular and powdered phytase, enhancing its bioavailability and efficacy in animal diets. This reflects technical advances in resin compositions, which have resulted in increased barrier qualities.

Based on Class, the animal feed phytase market is segmented as 3-Phytase, 6-Phytase, and Others. The food packaging accounted for 75% of the market share in 2023. The 6-Phytase class is an important component of the animal feed phytase helps numerous sectors by protecting product quality.

6-Phytase is well-known in animal nutrition for its capacity to break down phytic acid in feed, increasing the availability of phosphorus, a critical element for cattle growth and bone formation. The use of 6-Phytase in animal feed formulations reflects the industry's commitment on enhancing nutrient absorption, feed efficiency, and environmental sustainability by lowering phosphorus excretion. Its contribution reflects how barrier resins have transformed the packaging business, emphasizing product safety, integrity, and lifespan in industries such as cosmetics, medicines, and agriculture. The market's preference for 6-Phytase is driven by its efficacy in promoting overall growth and growing its use in numerous livestock applications.

Animal Feed Phytase Market Revenue Share, By Livestock, (2022)

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Based on livestock, the animal feed phytase market from poultry segment plays a crucial role, akin to the significant impact across various industries. Poultry, including turkeys, chickens, and other birds, are the principal users of phytase-enriched feed. The enzyme's presence in chicken feeds is essential because it helps to improve phosphorus absorption and digestion, a vital element for normal bird growth and bone formation.

This, in turn, leads to more effective feed utilization, reduces the requirement for inorganic phosphorus supplements, and decreases environmental waste. With poultry being a prominent component of the global food business, demand for phytase in this segment drives most of the market's development and innovation.

U.S. Animal Feed Phytase Market Size, 2020- 2032 (USD Million)

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The U.S. has established its dominance in the North American region, acquiring a significant share and generating a revenue of USD 26.66 million in 2023. The U.S. is the leader in the animal feed phytase market, paralleling its robust and technologically advanced industries. Its substantial livestock industry and advanced agricultural practices boosting the phytase consumption, augmenting feed efficiency and sustainability in animal farming. The U.S.'s focus on sustainable agriculture and the implementation of stringent regulatory standards in animal nutrition further drive the adoption of phytase.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of animal feed phytase was over USD 580.56 million in 2023 and is projected to reach USD 1.05 billion by 2032, propelled by the ongoing expansion of the livestock sector and the rising need for sustainable agricultural techniques.

Animal feed phytase granules or powder market size was USD 435.6 million in 2023, attributed to their ease of incorporation into premixes and feeds, stability during storage and handling, and compatibility with a wide range of feed processing procedures.

U.S. market generated USD 26.66 million in revenue in 2023, owing to the presence of the substantial livestock industry and advanced agricultural practices.

Some of the major market players are AB Enzymes (Associated British Foods PLC), DSM, Alltech, BASF SE, Novozymes, Novus International, Adisseo, DuPont, Jinan Tiantianxiang (TTX), Vland Biotech Group, Qingdao Vland Biotech INC, and Kemin Industries Inc.

Animal Feed Phytase Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 261
  • Countries covered: 24
  • Pages: 180
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