The animal feed phytase market is expected to witness significant growth in the coming years due to increasing demand for meat and dairy products worldwide. Phytase is an enzyme that helps animals to digest phytic acid, which is found in most plant-based feed ingredients. As a result, the use of phytase in animal feed can improve the digestibility of feed ingredients, increase nutrient uptake, and reduce the environmental impact of animal agriculture.
According to a report by MarketsandMarkets, the global animal feed phytase market is projected to grow from USD 685 million in 2020 to USD 887 million by 2025, at a CAGR of 5.3% during the forecast period. The growth of this market is driven by various factors such as the increasing demand for high-quality animal protein, rising awareness about animal health and welfare, and the growing trend of antibiotic-free animal production.
The market for animal feed phytase 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.
Geographically, the animal feed phytase market can be divided into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. Asia-Pacific is expected to hold the largest share of the market during the forecast period due to the increasing demand for meat and dairy products in countries such as China and India.
One of the major trends in the animal feed phytase market is the growing trend of antibiotic-free animal production. Many consumers are becoming more concerned about the use of antibiotics in animal agriculture and are demanding antibiotic-free products. As a result, many animal feed manufacturers are incorporating phytase in animal feed to improve the efficiency of nutrient utilization, reduce the environmental impact of animal agriculture, and minimize the need for antibiotics.
Another trend in the animal feed phytase market is the increasing use of precision feeding technologies. Precision feeding technologies allow for the optimization of animal nutrition based on individual animal requirements. By using phytase in precision feeding programs, animal nutritionists can achieve better feed efficiency and reduce feed costs, while also minimizing the environmental impact of animal agriculture.
The animal feed phytase market is highly competitive with many players operating in the market. Some of the key players in the market include BASF SE, DuPont de Nemours, Inc., Koninklijke DSM N.V., Chr. Hansen Holding A/S, Novozymes A/S, Adisseo France SAS, and AB Enzymes GmbH.
In conclusion, the animal feed phytase market is expected to witness significant growth in the coming years due to the increasing demand for high-quality animal protein, rising awareness about animal health and welfare, and the growing trend of antibiotic-free animal production.
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