Animal Feed Phytases Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Histidine Acid Phosphatases (HAPs), B propeller Phytases, Purple Acid Phosphatases, Protein Tyrosine Phosphatase like Phytases, and Others), By Animal Type (Swine, Poultry, Ruminants, Aquatic Animals, and Others), and Region   

Animal Feed Phytases Market size was valued at US$ 620.3 million in 2022 and is anticipated to grow at a CAGR of 6.8% over 2023-2029. Animal feed phytases are enzymes that are added to mono-gastric animal feed to help improve the digestion and utilization of phytic acid, a naturally occurring compound found in many plant-based feed ingredients. Phytic acid, also known as phytate, is an antinutritional factor that binds to essential minerals like calcium, phosphorus, zinc, and iron, rendering them less available for absorption by animals. This can lead to mineral deficiencies and reduced feed efficiency. Phytases in animal feed break down phytic acid, releasing minerals for better absorption, and promoting growth, bone development, and health in mono-gastric farm animals such as poultry and swine. The growing demand for meat and poultry products is a significant driver behind the growth of the animal feed phytases market. As global populations increase and dietary preferences shift towards protein-rich diets, the meat and poultry industry is facing greater pressure to meet this rising demand. To achieve higher yields and production efficiency, livestock and poultry producers are increasingly seeking solutions to optimize feed utilization and enhance animal health. By incorporating phytases into animal diets, producers can ensure that animals derive maximum nutritional benefits from their feed, leading to improved growth rates, enhanced feed conversion ratios, and better overall performance.

Moreover, regulatory guidelines focused on improved animal health play a crucial role in driving revenues for the animal feed phytases market. As governments and regulatory bodies emphasize the well-being of livestock and poultry, they set standards that mandate optimal nutrient utilization and the reduction of environmental impacts. Animal feed phytases align perfectly with these objectives by enhancing mineral absorption, leading to better bone development, immune function, and overall animal health. However, fluctuations in raw material prices, adoption of natural feed products in rural areas, and stringent regulations for product approval are anticipated to restrain the growth of the market. Meanwhile, expanding livestock and poultry industries further creates potential opportunities for the growth of the animal feed phytases market. Key manufacturers are developing innovative solutions to cater to the livestock sector.  For example, in January 2022 DSM-Novozymes Alliance launched its new generation phytase, HiPhorius, to help poultry producers achieve sustainable and profitable protein production.

Animal Feed Phytases Market Key Developments:     

• In July 2021, Danisco Animal Nutrition launched the expansion of the industry-leading novel phytase enzyme, Axtra PHY GOLD in Malaysia, Thailand, and Australia.
• In May 2023, OCP Group acquired a 50% stake in Global Feed S.L. to broaden its product portfolio.