Korea has a mature feed industry with high standards for animal nutrition and environmental sustainability. The government encourages the use of eco-friendly feed additives, including phytase, to reduce phosphorus discharge into aquatic ecosystems. South Korean feed manufacturers, focused on quality and innovation, are early adopters of enzyme blends. The poultry and swine sectors are the largest users, though aquaculture is also growing. High operational costs and dependency on imported enzymes are key restraints. Nonetheless, South Korea’s sophisticated livestock sector and demand for high-efficiency feed solutions position it well for steady growth in phytase utilization.
TABLE - Korea 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