Feed Phytase Market Size 2021: By Growing Rate, Type, Applications, Geographical Regions And Forecast To 2027

Precision Business Insights published a research report on “Feed Phytase Market By Source (Plant, Microorganism and Animal), by Type (Carbohydrase, Phytase, and Protease), Livestock (Ruminants, Poultry, Swine, and Aquatic Animals), Form (Dry and Liquid), and Geography - Global/Region/Country Forecast to 2027”.

Phosphorus is a vital component of animal metabolism, and it plays an important role in livestock growth and output. Phosphorus is generally stored in diverse feedstocks as phytic acid, which is largely unavailable to swine and poultry animals. As a result, typically inorganic phosphates are added to suit these animals' phosphorous requirements, at an additional cost. Adding phyatse-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 impact of inorganic phosphorous gain traction, phytase-based enzymes are becoming more popular.

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Increased feed demand, notably from poultry and swine farms, can be directly linked to phytase need for animal feed application. Furthermore, growing knowledge of the benefits of phytase is fuelling a surge in demand from the aquaculture industry. Phytase is also gaining popularity in Europe and North America since it helps to lessen the environmental impact of phosphorous pollution. Furthermore, raising awareness of phytase's additional benefits, such as allowing poultry and pigs to digest the phytate bound phosphorus already present in plants, aids in cost reduction and improved animal output. The increased shortage of phosphorus is another major factor driving up demand for phytase. As the demand for biofuel crops rises, fertiliser usage must rise in tandem, resulting in a significant phosphate consumption that feeds fertiliser manufacture. This, combined with improving worldwide living standards, has resulted in increased demand for washing powders, which in turn has increased demand for phosphates. Another factor driving demand for phytase in animal feed applications is the rising shortage of feed phosphates. Furthermore, rapid research in the creation of phytase by important chemical and enzyme manufacturing businesses is sprouting new phytase benefits, thus fuelling the growing need for phytase across all applications.

On the basis of market type, the market is categorized into Liquid Phytases, Granular Phytases, Powder Phytases, and Thermostable Phytases. On the basis of Application, the global market divided into Poultry, Swine, Ruminants, Aquatic Animals, and Others.

Western Europe is anticipated to lead the market throughout the forecast period, amid presence of large number of poultry and swine farms in the region coupled with high penetration of awareness and benefits of phytase for animal feed applications. North America is expected to be the next leading market for consumption of phytase based animal feed, particularly due to rising awareness about environmental impact of phosphorous application. However, growth in these matured regions particularly in Western Europe is expected to execute a sluggish growth, compared to Asia Pacific Exc. Japan (APEJ) and Latin America, which are expected to execute an impressive CAGR over the forecast period. The Middle East and Africa (MEA) and Easter Europe regions are expected to account for a small market share over the forecast period of 2016-2026.

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Some of the major key players in the Feed Phytase Market are Cargill, Incorporated(US), BASF SE (Germany), DuPont(US), Bluestar Adisseo Co., Ltd.(China), Koninklijke DSM NV(Netherlands) a, Kemin Industries, Inc.

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