India is a developing but fast-growing market for feed phytase, driven by its expanding poultry and dairy industries. Rising feed costs, increasing meat and egg consumption, and limited domestic phosphate resources support enzyme adoption. Government policies promoting feed efficiency and sustainable livestock practices further drive growth. However, market penetration is uneven due to low awareness among smallholder farmers and price sensitivity. Most phytase products are imported, which poses pricing challenges. Opportunities lie in educating farmers, expanding enzyme usage in aquaculture, and developing cost-effective, locally manufactured enzymes. As infrastructure and feed quality standards improve, phytase adoption is expected to increase.
TABLE - India 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