Feed Phytase Market: Product, B propeller Phytases, Purple Acid Phosphatases, Protein Tyrosine Phosphatase like Phytases, and Others), By Animal, and Region Forecast 2019-2030

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Feed Phytase Market Size, Share, Growth, Trends, and Global Industry Analysis: Product (Histidine Acid Phosphatases (HAPs), B propeller Phytases, Purple Acid Phosphatases, Protein Tyrosine Phosphatase like Phytases, and Others), By Animal (Swine, Poultry, Ruminants, Aquatic Animals, and Others), and Region Forecast 2019-2030

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Feed Phytase Market Size is estimated to be valued at US$ 692.5 million in 2023 and is poised to grow at a significant CAGR of 6.3% over 2024-2030 owing to the growing population, the demand for meat products increases in developing countries as well as developed countries, increasing demand of animal feed enzymes because increases number of poultry farms and another livestock husbandry are the factors driving the growth of the market.

The global feed enzyme industry is expected to be impacted by the recent COVID-19 pandemic. Because of a scarcity of enzymes, the entire supply chain is thrown off. Despite relatively stable feed demand, the COVID-19 pandemic has had a significant impact on feed supply. Phytase is an enzyme that enhances the digestion of phytate phosphorus, hence increasing dietary phosphorus availability. Phosphorus is a key component in animal metabolism and in the growth and production of cattle.

Phosphorus is generally stored in diverse feedstocks as phytic acid, which is mostly unavailable to swine and poultry animals. As a result, typically inorganic phosphates are added to suit these animals' phosphorous requirements, at an extra cost. Adding phytase-based enzymes to swine and poultry feed eliminates this problem by allowing them to digest the phytate-bound phosphorus in plants. Furthermore, as worries about the environmental effect of inorganic phosphorous gain traction, phytase-based enzymes are becoming more popular.

Market Key Developments

  • In March 2022 - AB Enzymes expanded its animal feed additive portfolio. They have added ruminant products Optipartum C and Axcelera C, along with Axcelera P for piglets, to our already extensive feed additive range.
  • On July 15, 2021 - Danisco Animal Nutrition, a business unit of IFF's Health & Biosciences division, announced the launch expansion of the industry-leading novel phytase enzyme, Axtra PHY GOLD in Malaysia, Thailand, and Australia

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Feed Phytase Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

6.3%

Largest Market

North-America

Fastest Growing Market

Asia-Pacific

Feed Phytase Market Dynamics

The powder and granular phytases market was valued at USD 211.7 million in 2022 and is poised to grow at a significant CAGR over the forecast years (2023-2029). These two segments are also projected to be the fastest-growing segment soon. Powder phytase is widely used in animal feed in the poultry and swine industry for increasing digestibility. By application segment, Poultry holds the largest market revenue share and it is anticipated to grow with a CAGR of 6.9% over the forecast years owing to the increasing demand for feed enzymes in pig, aquaculture, and pet nutrition, as well as in feed processing, due to increases veterinary education, people have more awareness about the nutrition for the pets and other animals, decreasing arable land per capita is expected to decrease up to 35% by 2050 is the major driving factor for the growth of the consumption of animal feed in the market

Feed Phytase Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 692.5 million

Market CAGR

6.3%

By Product Type

  • Histidine Acid Phosphatases (HAPs)
  • B propeller Phytases
  • Purple Acid Phosphatases
  • Protein Tyrosine Phosphatase like Phytases
  • Others

By Animal Type

  • Swine
  • Poultry
  • Ruminants
  • Aquatic Animals
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

Key Features of the Report

  • The feed phytase market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and key strategies.
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market.
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market.
  • The report provides a plethora of information about Market entry strategies, regulatory framework, and reimbursement scenarios.
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter's Five Force Analysis

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Frequently Asked Questions

The global feed phytase market size was valued at US$ 692.5 million in 2023 and is projected to grow at a CAGR of 6.3% from 2024-2030.

Cargill, Incorporated, BASF SE, DuPont, Bluestar Adisseo Co., Ltd.

The Asia-Pacific is the fastest-growing region for the Feed Phytase market

Author image

Author

Manoj Kumar

Manoj Kumar is a postgraduate in Life Sciences with over seven years of dedicated experience in the fields of anima.....

1.Executive Summary
2.Global Feed Phytase Market Introduction 
2.1.Global Feed Phytase Market  - Taxonomy
2.2.Global Feed Phytase Market  - Definitions
2.2.1.Product Type
2.2.2.Animal Type
2.2.3.Region
3.Global Feed Phytase Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Feed Phytase Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Feed Phytase Market  By Product Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Histidine Acid Phosphatases (HAPs)
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. B propeller Phytases
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Purple Acid Phosphatases
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. Protein Tyrosine Phosphatase like Phytases
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
5.5. Others
5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.5.3. Market Opportunity Analysis 
6.Global Feed Phytase Market  By Animal Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Swine
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Poultry
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Ruminants
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Aquatic Animals
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
6.5. Others
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.5.3. Market Opportunity Analysis 
7.Global Feed Phytase Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. North America
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Europe
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Asia Pacific (APAC)
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Middle East and Africa (MEA)
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Latin America
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
8.North America Feed Phytase Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.1.1.Histidine Acid Phosphatases (HAPs)
8.1.2.B propeller Phytases
8.1.3.Purple Acid Phosphatases
8.1.4.Protein Tyrosine Phosphatase like Phytases
8.1.5.Others
8.2.  Animal Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.2.1.Swine
8.2.2.Poultry
8.2.3.Ruminants
8.2.4.Aquatic Animals
8.2.5.Others
8.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.3.1.United States of America (USA)
8.3.2.Canada
9.Europe Feed Phytase Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Histidine Acid Phosphatases (HAPs)
9.1.2.B propeller Phytases
9.1.3.Purple Acid Phosphatases
9.1.4.Protein Tyrosine Phosphatase like Phytases
9.1.5.Others
9.2.  Animal Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Swine
9.2.2.Poultry
9.2.3.Ruminants
9.2.4.Aquatic Animals
9.2.5.Others
9.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Germany
9.3.2.France
9.3.3.Italy
9.3.4.United Kingdom (UK)
9.3.5.Spain
9.3.6.Rest of EU
10.Asia Pacific (APAC) Feed Phytase Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Histidine Acid Phosphatases (HAPs)
10.1.2.B propeller Phytases
10.1.3.Purple Acid Phosphatases
10.1.4.Protein Tyrosine Phosphatase like Phytases
10.1.5.Others
10.2.  Animal Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Swine
10.2.2.Poultry
10.2.3.Ruminants
10.2.4.Aquatic Animals
10.2.5.Others
10.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.China
10.3.2.India
10.3.3.Australia and New Zealand (ANZ)
10.3.4.Japan
10.3.5.Rest of APAC
11.Middle East and Africa (MEA) Feed Phytase Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Histidine Acid Phosphatases (HAPs)
11.1.2.B propeller Phytases
11.1.3.Purple Acid Phosphatases
11.1.4.Protein Tyrosine Phosphatase like Phytases
11.1.5.Others
11.2.  Animal Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Swine
11.2.2.Poultry
11.2.3.Ruminants
11.2.4.Aquatic Animals
11.2.5.Others
11.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.GCC Countries
11.3.2.South Africa
11.3.3.Rest of MEA
12.Latin America Feed Phytase Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Histidine Acid Phosphatases (HAPs)
12.1.2.B propeller Phytases
12.1.3.Purple Acid Phosphatases
12.1.4.Protein Tyrosine Phosphatase like Phytases
12.1.5.Others
12.2.  Animal Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Swine
12.2.2.Poultry
12.2.3.Ruminants
12.2.4.Aquatic Animals
12.2.5.Others
12.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Brazil
12.3.2.Mexico
12.3.3.Rest of LA
13. Competition Landscape
13.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
13.2.1.Cargill
13.2.2.Incorporated(US)
13.2.3.BASF SE (Germany)
13.2.4.DuPont(US)
13.2.5.Bluestar Adisseo Co., Ltd.(China)
13.2.6.Koninklijke DSM NV(Netherlands) a
13.2.7.Kemin Industries, Inc.
14. Research Methodology 
15. Appendix and Abbreviations 

Key Market Players

  • Cargill
  • Incorporated
  • BASF
  • DuPont
  • Bluestar Adisseo Co Ltd.
  • Koninklijke DSM NV
  • Kemin Industries Inc.

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