Animal feed phytase is an enzyme that breaks down phytic acid, which is found in most plant-based feed ingredients. Phytic acid is a major anti-nutritional factor in animal feed that can reduce nutrient availability and negatively impact animal performance. By using phytase in animal feed, the digestibility of feed ingredients can be improved, resulting in better animal performance, reduced environmental impact, and improved profitability for farmers.
The global animal feed phytase market is expected to grow at a steady rate in the coming years. According to a report by MarketsandMarkets, the global animal feed phytase market was valued at USD 685 million in 2020 and is expected to reach USD 887 million by 2025, growing at a CAGR of 5.3% during the forecast period. The market is driven by several factors such as increasing demand for high-quality animal protein, rising awareness about animal health and welfare, and the growing trend of antibiotic-free animal production.
One of the major factors driving the growth of the animal feed phytase market is the increasing demand for high-quality animal protein. As the world population continues to grow, the demand for meat and dairy products is also increasing. According to the Food and Agriculture Organization of the United Nations (FAO), global meat production is expected to increase from 330 million tons in 2017 to 376 million tons in 2030. In order to meet this demand, farmers need to improve the efficiency of animal production, which can be achieved by using phytase in animal feed.
Another factor driving the growth of the animal feed phytase market is the rising awareness about animal health and welfare. Consumers are becoming more conscious of the quality of animal products they consume and are demanding products from animals that are raised in a healthy and humane manner. Using phytase in animal feed can help improve the health and welfare of animals by improving the digestibility of feed ingredients, reducing the risk of digestive disorders, and improving the overall performance of animals.
The growing trend of antibiotic-free animal production is also driving the growth of the animal feed phytase market. Many consumers are becoming more concerned about the use of antibiotics in animal agriculture and are demanding antibiotic-free products. Phytase can be used as an alternative to antibiotics by improving the efficiency of nutrient utilization, reducing the environmental impact of animal agriculture, and minimizing the need for antibiotics.
The animal feed phytase market can be segmented based on type, source, form, application, and region. Based on type, the market can be divided into 3-phytase, 6-phytase, and others. The 3-phytase segment is expected to hold the largest share of the market during the forecast period due to its high efficiency in degrading phytic acid in animal feed.
Based on source, the market can be classified into microbial and plant-based phytases. The microbial phytase segment is expected to dominate the market due to its higher activity and stability compared to plant-based phytases.
Based on form, the market can be categorized into dry and liquid phytases. The dry phytase segment is expected to hold the largest share of the market due to its ease of handling and storage compared to liquid phytases.
Based on application, the market can be segmented into poultry, swine, ruminants, and others. The poultry segment is expected to hold the largest share of the market due to the high demand for poultry meat and eggs worldwide.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Everest Market Insights journalist was involved in the writing and production of this article.
