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 2020-2031

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.

Moreover, regulatory guidelines focused on improved animal health play a crucial role in driving revenues for the feed phytases. 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.

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
• In July 2021, Danisco Animal Nutrition launched the expansion of the industry-leading novel phytase enzyme, Axtra PHY GOLD in Malaysia, Thailand, and Australia.