Chile has a developing feed phytase market, largely driven by its aquaculture and poultry industries. With one of the largest salmon farming industries globally, Chile is exploring phytase use in fish feed to enhance phosphorus digestibility and minimize aquatic pollution. In poultry, the adoption of feed enzymes is supported by premium export markets that demand sustainable production methods. However, challenges include limited local enzyme manufacturing and high import costs. Governmental focus on environmental protection and sustainable aquaculture opens up opportunities for increased phytase adoption. Further R&D and knowledge transfer could significantly boost the enzyme's market footprint in Chile.
TABLE - Chile Feed Phytase Market Size & Forecast By Livestock Type 2021-2033
Livestock Type | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | CAGR (2024-2033) |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Poultry Feed | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
Swine Feed | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
Ruminant Feed | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
Aquaculture Feed | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX | XX |
Total | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX | XXX |
Source: Company Publications, Primary Interviews, and SR Analysis