Global Animal Feed Phytase Market

Report ID : 1460 | Published : 2022-11-23 | Pages: | Format: PDF/EXCEL

The market size of the Global Animal Feed Phytase Market in the year 2021 is valued at 524.71 million and is predicted to reach 881.30 million by the year 2030 at an 6.13% CAGR during the forecast period.

The phytase enzyme improves digestion and animal health while assisting livestock farmers in increasing phosphorus intake. Enough phosphorus intake in the diet promotes healthy reproduction in cattle, whereas phosphorus deficit raises metabolic issues. Due to rising domestic animal adoption, rising disposable income, and increasing commercial cow production, there is a significant increase in the need for animal feed phytase; thus, the market is expanding. Rising meat and dairy product consumption are anticipated to promote market growth. Furthermore, a significant increase in disposable incomes and a growing taste for nutrient-dense diets are expected to increase animal husbandry, fostering the expansion of the animal feed phytase market. In the upcoming years, the development of the animal feed phytase market is expected to be supported by growing awareness of fungus derived from POME (palm oil mill effluent). Furthermore, the animal feed phytase business is seeing increased product penetration thanks to intensive research and development efforts related to phytase enzymes.

However, a rise in the calcium-to-phosphorous ratio can reduce laying hen performance, which hinders product penetration since hens need to metabolize a lot of calcium to create their eggshells. But as people who own animals become more aware of how easily phytase is digested by cattle, together with improvements in phytase feed products, market participants will likely be better able to manage these issues in the future.

Market Segmentation:

The animal feed phytase market is segmented on form, class, source and livestock. Based on form, the market is segmented into liquid and granules or powder. Based on class, the animal feed phytase market is segmented into 3-phytase, 6-phytase and others. Based on the source, the animal feed phytase market is segmented into plants and microorganisms. Based on the livestock, the animal feed phytase market is segmented into poultry (broiler, layer, turkey, others), swine (starter, grower, sow), cattle (dairy, calf, others), aquaculture (salmon, trout, shrimp, others) and others.

Based on form, the granules or powder segment is accounted as a major contributor to the animal feed phytase market.

Based on form, the market is segmented into liquid and granules or powder. The granules or powder category is anticipated to grow significantly over the forecast period because all mash feeds frequently use uncoated powder formulations. Pigs and poultry, in particular, benefit greatly from powder-feed phytases because they increase gut activity. These enzymes are also considered suitable for pelleting at temperatures up to 70°C.

The poultry segment witnessed growth at a rapid rate.

Based on the livestock, the animal feed phytase market is segmented into poultry (broiler, layer, turkey, others), swine (starter, grower, sow), cattle (dairy, calf, others), aquaculture (salmon, trout, shrimp, others) and others. The poultry category grabbed the highest revenue share, and it is anticipated that it will continue to hold that position during the anticipated time. The increase results from things like chicken and poultry being more susceptible to digestive issues. They typically struggle to digest between 20 and 25 per cent of the diet. As a result, feed enzymes like phytase are used in feeds to enhance the capture of minerals (such as zinc and calcium) and to aid in the breakdown of phytate and the release of phosphate content.

The North American animal feed phytase market holds a significant revenue share in the region.

The North American animal feed phytase market is expected to register the highest market share in revenue in the near future due to the growing demand for nutrient-rich protein-filled feed products in the area. The region's nations' expanding cattle populations promote market income growth. Governments in the area are expanding the number of cattle, growing the demand for phytase, a component in animal feed. Additionally, the Asia Pacific is anticipated to expand at a significant rate over the course of the forecast period. The local aquaculture industry is anticipated to benefit from the expanding processed and fast food industries and a shift in consumer tastes toward ready-to-eat foods, encouraging the growth of the animal feed phytase market.

Competitive Landscape

Some major key players in the animal feed phytase market are AB Enzymes (Associated British Foods PLC), Alltech, BASF SE, Novozymes, Novus International, Adisseo, DuPont, and DSM.

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Animal Feed Phytase Market Snapshot

Chapter 4. Global Animal Feed Phytase Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. Investment and Funding Analysis

4.6. Industry Analysis – Porter’s Five Forces Analysis

4.7. Competitive Landscape & Market Share Analysis

4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Form Estimates & Trend Analysis

5.1. by Form & Market Share, 2019 & 2030

5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2022 to 2030  for the following by Form:

5.2.1. Liquid

5.2.2. Granules or Powder

Chapter 6. Market Segmentation 2: by Class Estimates & Trend Analysis

6.1. by Class & Market Share, 2019 & 2030

6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2022 to 2030  for the following by Class:

6.2.1. 3-Phytase

6.2.2. 6-Phytase

6.2.3. Others

Chapter 7. Market Segmentation 3: by Source Estimates & Trend Analysis

7.1. by Source & Market Share, 2019 & 2030

7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2022 to 2030  for the following by Source:

7.2.1. Plants

7.2.2. Microorganisms

Chapter 8. Market Segmentation 4: by Livestock Estimates & Trend Analysis

8.1. by Livestock & Market Share, 2019 & 2030

8.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2022 to 2030 for the following by Livestock:

8.2.1. Poultry

8.2.1.1. Broiler

8.2.1.2. Layer

8.2.1.3. Turkey

8.2.1.4. Others

8.2.2. Swine

8.2.2.1. Starter

8.2.2.2. Grower

8.2.2.3. Sow

8.2.3. Cattle

8.2.3.1. Dairy

8.2.3.2. Calf

8.2.3.3. Others

8.2.4. Aquaculture

8.2.4.1. Salmon

8.2.4.2. Trout

8.2.4.3. Shrimp

8.2.4.4. Others

8.2.5. Others

Chapter 9. Animal Feed Phytase Market Segmentation 5: Regional Estimates & Trend Analysis

9.1. North America

9.1.1. North America Animal Feed Phytase Market Revenue (US$ Million) Estimates and Forecasts by Form, 2022-2030

9.1.2. North America Animal Feed Phytase Market Revenue (US$ Million) Estimates and Forecasts by Class, 2022-2030

9.1.3. North America Animal Feed Phytase Market Revenue (US$ Million) Estimates and Forecasts by Source, 2022-2030

9.1.4. North America Animal Feed Phytase Market Revenue (US$ Million) Estimates and Forecasts by Livestock, 2022-2030

9.1.5. North America Animal Feed Phytase Market Revenue (US$ Million) Estimates and Forecasts by country, 2022-2030

9.2. Europe

9.2.1. Europe Animal Feed Phytase Market Revenue (US$ Million) Estimates and Forecasts by Form, 2022-2030

9.2.2. Europe Animal Feed Phytase Market Revenue (US$ Million) Estimates and Forecasts by Class, 2022-2030

9.2.3. Europe Animal Feed Phytase Market Revenue (US$ Million) Estimates and Forecasts by Source, 2022-2030

9.2.4. Europe Animal Feed Phytase Market Revenue (US$ Million) Estimates and Forecasts by Livestock, 2022-2030

9.2.5. Europe Animal Feed Phytase Market Revenue (US$ Million) Estimates and Forecasts by country, 2022-2030

9.3. Asia Pacific

9.3.1. Asia Pacific Animal Feed Phytase Market Revenue (US$ Million) Estimates and Forecasts by Form, 2022-2030

9.3.2. Asia Pacific Animal Feed Phytase Market Revenue (US$ Million) Estimates and Forecasts by Class, 2022-2030

9.3.3. Asia-Pacific Animal Feed Phytase Market Revenue (US$ Million) Estimates and Forecasts by Source, 2022-2030

9.3.4. Asia-Pacific Animal Feed Phytase Market Revenue (US$ Million) Estimates and Forecasts by Livestock, 2022-2030

9.3.5. Asia Pacific Animal Feed Phytase Market Revenue (US$ Million) Estimates and Forecasts by country, 2022-2030

9.4. Latin America

9.4.1. Latin America Animal Feed Phytase Market Revenue (US$ Million) Estimates and Forecasts by Form, 2022-2030

9.4.2. Latin America Animal Feed Phytase Market Revenue (US$ Million) Estimates and Forecasts by Class, 2022-2030

9.4.3. Latin America Animal Feed Phytase Market Revenue (US$ Million) Estimates and Forecasts by Source, 2022-2030

9.4.4. Latin America Animal Feed Phytase Market Revenue (US$ Million) Estimates and Forecasts by Livestock, 2022-2030

9.4.5. Latin America Animal Feed Phytase Market Revenue (US$ Million) Estimates and Forecasts by country, 2022-2030

9.5. Middle East & Africa

9.5.1. Middle East & Africa Animal Feed Phytase Market Revenue (US$ Million) Estimates and Forecasts by Form, 2022-2030

9.5.2. Middle East & Africa Animal Feed Phytase Market Revenue (US$ Million) Estimates and Forecasts by Class, 2022-2030

9.5.3. Middle East & Africa Animal Feed Phytase Market Revenue (US$ Million) Estimates and Forecasts by Source, 2022-2030

9.5.4. Middle East & Africa Animal Feed Phytase Market Revenue (US$ Million) Estimates and Forecasts by Livestock, 2022-2030

9.5.5. Middle East & Africa Animal Feed Phytase Market Revenue (US$ Million) Estimates and Forecasts by country, 2022-2030

Chapter 10. Competitive Landscape

10.1. Major Mergers and Acquisitions/Strategic Alliances

10.2. Company Profiles

10.2.1. AB Enzymes (Associated British Foods PLC)

10.2.2. Alltech

10.2.3. BASF SE

10.2.4. Novozymes

10.2.5. Novus International

10.2.6. Adisseo

10.2.7. DuPont

10.2.8. DSM

10.2.9. Other Prominent Players

By Form-

  • Liquid
  • Granules or Powder

By Class-

  • 3-Phytase
  • 6-Phytase
  • Others

By Source-

  • Plants
  • Microorganisms

By Livestock

  • Poultry
    • Broiler
    • Layer
    • Turkey
    • Others
  • Swine
    • Starter
    • Grower
    • Sow
  • Cattle
    • Dairy
    • Calf
    • Others
  • Aquaculture
    • Salmon
    • Trout
    • Shrimp
    • Others
  • Others

By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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