Home Food & Beverages Animal Feed Phytase Market Size, Strategy, Growth Forecast to 2031

Animal Feed Phytase Market

Animal Feed Phytase Market Size, Share & Trends Analysis Report By Type: (Granular Phytases, Powder Phytases, Liquid Phytases, Thermostable Phytases), By Application (Swine, Poultry, Ruminants, Aquatic Animals, Others) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2023-2031

Report Code: SRFB275DR
Study Period 2019-2031 CAGR 5.7%
Historical Period 2019-2021 Forecast Period 2023-2031
Base Year 2022 Base Year Market Size USD 536.62 Million
Forecast Year 2031 Forecast Year Market Size USD 760.79 Million
Largest Market North America Fastest Growing Market Europe
The sample report only takes 30 secs to download, no need to wait longer.

Market Overview

The global Animal Feed Phytase market size was valued at USD 536.62 million in 2022 and is projected to reach a value of USD 760.79 million by 2031, registering a CAGR of 5.7% during the forecast period 2023-2031.

Phytase is an enzyme that helps in increasing phosphorus in the diets of livestock and also aids in improving digestion and animal health. In addition, adequate  infusion of phosphorus in animal diet results in healthy reproduction in livestock, whereas,  lack of phosphorus increases the prevalence of metabolic disorders. Globally, the number of livestock is multiplying rapidly, which is likely to boost the demand for phytase in the coming years.

Market Dynamics

With increasing adoption of domestic animal, rising disposable income, and rapidly growing commercial cattle farming, the demand for animal feed is witnessing a significant growth. For instance, the population of cows is around 250 million worldwide, Compassion in World Farming.

Growing consumption of beef is providing several opportunities for manufacturers to bridge the demand and supply gap in the leading markets. According to the United States Department of Agriculture, beef exports accounted for 10.6 million tons in 2018 from Brazil, Argentina, and the U.S.

Regional Analysis

Geographically, the global Animal Feed Phytase Market is segmented into four North America, Europe, Asia Pacific, and Latin America and the Middle East & Africa (LAMEA).

North America is expected to hold major market share during the forecast period. This is attributed to it is widely used in around 90% of poultry and 70% of pig diets. Domestic animals continuously contribute to global food supply, as a result animal feeds have become a critical component. Furthermore, Meat and poultry are the largest industries in the U.S. agriculture sector. In 2017, the meat production generated around USD 64.4 billion, whereas, poultry generated around USD 59.4 billion in 2017, the North American Meat Institute. In addition, established infrastructure in the region has also contributed to the increased production of animal feed. This is further supported by well-established presence of feed manufacturers in the region. According to the American Feed Industry Association, around 5,715 animal feed mills were present in the U.S. till 2017 and the number is increasing to cater to the growing demand for meat, milk, and dairy products. Moreover, the Animal Nutrition Association of Canada has estimated that Canada produces over 30 million tons of feed annually. In addition, the commercial feed industry generates net revenue of around USD 4 billion per year.

Europe is expected to second leading region for the market. Increased demand from rapidly growing economies for animals derived food has flourished the overall livestock production in the region. Moreover, increasing understanding about protein nutrition in feed formulation for livestock is gaining importance among consumers. In 2017, meat and other animal products in the EU accounted for around 41% of the total value of the farm production, the European Feed Manufacturers' Federation (FEFAC). Europe is the largest compound feed producers worldwide, the International Feed Industry Federation. EU produced 45.2 million tons of meat in 2017, the Eurostat and Germany was the leading cattle and pig feed producer while France dominated the poultry feed producing segment.

Report Scope

Report Metric Details
Segmentations
By Type:
  1. Granular Phytases
  2. Powder Phytases
  3. Liquid Phytases
  4. Thermostable Phytases
By Application
  1. Swine
  2. Poultry
  3. Ruminants
  4. Aquatic Animals
  5. Others
Company Profiles BASF SE(Germany) DuPont(U.S.) DSM(The Netherlands) AB Enzymes(Germany) Beijing Smistyle Sci. & Tech. Development Co. Ltd. (China) Jinan Tiantianxiang Co. Ltd. (China) Guangdong VTR Bio-Tech Co. Ltd. (China) Huvepharma( Bulgaria) Novozymes( Denmark) Qingdao Vland Biotech INC.(China) Kemin Industries Inc.(U.S.) Adisseo(France)
Geographies Covered
North America U.S. Canada
Europe U.K. Germany France Spain Italy Russia Nordic Benelux Rest of Europe
APAC China Korea Japan India Australia Taiwan South East Asia Rest of Asia-Pacific
Middle East and Africa UAE Turkey Saudi Arabia South Africa Egypt Nigeria Rest of MEA
LATAM Brazil Mexico Argentina Chile Colombia Rest of LATAM
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
Need a Custom Report?

We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports

Segmental Analysis

Global animal feed phytase market is segmented into type and application and sales channel.

Based on type, the global animal feed phytase market is segmented into granular phytases, powder phytases, liquid phytases, and thermostable phytases. Powder phytases segment is expected to hold major market share and was valued at USD 169.33 million in 2018. Powder phytase is widely used in animal feed in the poultry and swine industry for increasing digestibility. It is a free-flowing, thermostable powder and suitable for pelleting temperatures up to 70o C.

Based on application, the market is segmented into swine, poultry, ruminants, aquatic animals, and others. Poultry segment is expected to fastest growing segment during forecast period. Poultry segment is growing at a CAGR of 5.9% during the forecast period 2019–2026. Phytase enriched diet for poultry helps in efficient utilization of phosphorous by reducing the level of phosphorous excretion. Improved phosphorous utilization strengthens the bone and teeth and overall poultry health.

 

Market Size By Type:

Top Key Players

BASF SE(Germany) DuPont(U.S.) DSM(The Netherlands) AB Enzymes(Germany) Beijing Smistyle Sci. & Tech. Development Co. Ltd. (China) Jinan Tiantianxiang Co. Ltd. (China) Guangdong VTR Bio-Tech Co. Ltd. (China) Huvepharma( Bulgaria) Novozymes( Denmark) Qingdao Vland Biotech INC.(China) Kemin Industries Inc.(U.S.) Adisseo(France) Others

Frequently Asked Questions (FAQs)

What is the projected market value of the global Animal Feed Phytase Market?
The global Animal Feed Phytase Market size is projected to reach USD 760.79 million by 2031.
North America region has the largest share of the Animal Feed Phytase Market.
The Powder phytases segment is expected to dominate over the forecast period.
BASF SE, DuPont, DSM, AB Enzymes, Beijing Smistyle Sci. & Tech. Development Co. Ltd. , Jinan Tiantianxiang Co. Ltd., Guangdong VTR Bio-Tech Co. Ltd., Huvepharma, Novozymes, Qingdao Vland Biotech INC., Kemin Industries Inc., Adisseo., are the prominent players in the Animal Feed Phytase Market.
The global Animal Feed Phytase Market growing at a CAGR of 5.7% from (2023–2031).


We are featured on :