Animal Feed Phytase Market Size Worth $962.07 Million By 2032 | CAGR: 6.4%

The global animal feed phytase market size is expected to reach USD 962.07 million by 2032, according to a new study by Polaris Market Research. The report “Animal Feed Phytase Market Share, Size, Trends, Industry Analysis Report, By Form (Liquid, Granules or Powder); By Class (3 Phytase, 6 Phytase); By Source; By Livestock; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Phytase is an enzyme that helps break down phytic acid in plant-based feed, making important nutrients like phosphorus and calcium more available to animals. By improving nutrient availability in animal feed, phytase can help improve feed efficiency and reduce the amount of feed needed to raise livestock. This, in turn, can lead to reduced emissions from livestock production. The Intergovernmental Panel on Climate Change (IPCC) estimates that livestock emissions make up to 40% of all agricultural emissions.

The increase in livestock emissions has led to a growing demand for sustainable livestock production practices, including the use of phytase in animal feed. As a result, the animal feed phytase market is expected to continue growing in the coming years as more producers look for ways to minimize their environmental impact and improve the sustainability of their operations. This will propel the growth and demand for the animal feed phytase market.

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The degradation of grazing fields worldwide is likely to increase the demand for animal feed phytase, as farmers seek to maintain the health and productivity of their livestock by using alternative feed sources. According to FAO, various levels of degradation are occurring in almost 70% of the grazing areas in South America and the Caribbean.

The Amazon ecosystems in Brazil, the South American Chaco in Argentina, Paraguay, and Bolivia, as well as the dry and semi-arid regions of Argentina and Chile, are the places most vulnerable to the expansion of farming and livestock. This trend is expected to continue as the global population continues to grow, increasing the demand for animal products and putting pressure on the availability and quality of grazing fields. This will further create a wide range of opportunities for the growth of the market in upcoming years.

Animal Feed Phytase Market Report Highlights

• Powder is anticipated to grow due to its longer shelf-life, cost-effectiveness, and ease of handling.
• 6 Phytase segment accounted for the higher growth rate owing to its improved efficacy, broader pH range, environmental benefits and increasing availability.
• Microorganisms segment is projected to experience a significant growth rate due to the improved enzyme efficiency and safety and regulatory compliance.
• Latin America is expected to grow at a significant growth rate owing to the high demand for animal protein and increasing adoption of sustainable animal production practices.
• The global players include BASF, DuPont, DSM, AB Enzymes, Beijing Smistyle, Jinan Tiantianxiang, Guangdong VTR Bio-Tech, Huvepharma, Novozymes, Qingdao Vland Biotech, Kemin Industries & Adisseo.

Polaris Market Research has segmented the animal feed phytase market report based on form, class, source, Livestock and region:

Animal Feed Phytase, Form Outlook (Revenue - USD Million, 2019 - 2032)

• Liquid
• Granules or Powder

Animal Feed Phytase, Class Outlook (Revenue - USD Million, 2019 - 2032)

• 3 Phytase
• 6 Phytase

Animal Feed Phytase, Source Outlook (Revenue - USD Million, 2019 - 2032)

• Plants
• Microorganisms

Animal Feed Phytase, Livestock Outlook (Revenue - USD Million, 2019 - 2032)

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

Animal Feed Phytase, Regional Outlook (Revenue - USD Million, 2019 - 2032)

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