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Animal Feed Phytase Market Trends

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

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Animal Feed Phytase Market Trends

The animal feed phytase industry is now characterized by technical innovation and a deliberate push towards sustainability. As the business deals with environmental issues, phytase enzymes that minimize phosphate contamination from animal feces are becoming more popular. Innovations are also focusing on increasing the efficacy of phytase in animal feeds to enhance phosphorus bioavailability, which is critical for livestock health and growth.

Furthermore, there is a boom in the usage of thermostable phytase types that can endure the pelleting process in feed manufacturing. Furthermore, increased worldwide demand for meat and dairy drives the industry, with producers forging alliances to optimize supply chains and fulfil the growing demand for efficient feed additives. This reflects a broader market movement toward responsible production practices while maintaining high performance in animal nutrition.

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.