Feed Phytase Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Feed Phytase Market: 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 Geography

 

 

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Report

Description

Feed Phytase Market Size is estimated to be valued at USD 592.5 million in 2021 and is poised to grow at a significant CAGR of 6.3% over 2022-2028 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.

Recent Market 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

Feed Phytase Market

MARKET SUMMARY
-
6.3% CAGR
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 6.3%
  • Largest Market– North-America
  • Fastest Growing Market–  Asia-Pacific

Feed Phytase Market

  • This report gives more focus on feed Phytase enzymes in regions like Africa, Asia-Pacific, South America, Europe, and North America.
  • This report classifies the feed Phytase market on the basis of application, manufactures, regions, and type.
Key Players
  • Cargill
  • Incorporated
  • BASF SE
  • DuPont
  • Bluestar Adisseo Co., Ltd.
Feed Phytase Market

Drivers And Restraints

The powder and granular phytases market was valued at USD 211.7 million in 2021 and is poised to grow at a significant CAGR over the forecast years (2022-2028). 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


North-America Got Significant Share

Feed Phytase Market

The feed phytase market in North America is expected to hold the highest share of 42.8% in 2021 and it is expected to grow at a significant rate in the coming years. Product demand in this region will be supported by the expanding food and beverage and pharmaceutical industries. The development of the food and beverage industries, as well as the growing need to improve food quality, flavoring, and texture, will drive phytase market growth.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The report provides granular level information about market size, regional market share, historic market (2017-2021), and forecast (2022-2028).
  • 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 plethora of information about market entry strategies
Feed Phytase Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The CAGR of the Feed Phytase Market is 6.3% over the forecast period (2022 – 2028)

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

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


Report

Company Profile

  • Cargill
  • Incorporated(US)
  • BASF SE (Germany)
  • DuPont(US)
  • Bluestar Adisseo Co., Ltd.(China)
  • Koninklijke DSM NV(Netherlands) a
  • Kemin Industries, Inc.

Description

Feed Phytase Market Size is estimated to be valued at USD 592.5 million in 2021 and is poised to grow at a significant CAGR of 6.3% over 2022-2028 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.

Recent Market 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

ASIA PACIFIC OFFICE

Precision Business Insights, 5th Floor, Mohan’s Elite, Opp : Bharat Petroleum Pump, Khanamet Road, Hitech City, Hyderabad – 500084

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX