Mexico is an emerging phytase market, supported by strong poultry production and a growing demand for affordable meat products. The country's feed industry is increasingly incorporating phytase to address high feed costs and meet export quality standards. Regulatory bodies promote sustainable livestock practices, which further drives enzyme usage. However, smaller feed producers may lack access to advanced enzyme technologies, and education on enzyme benefits remains a barrier. Multinational feed companies and partnerships with academic institutions are helping to increase adoption. Opportunities lie in expanding usage in swine and aquaculture feed, along with the development of cost-competitive phytase blends tailored to local needs.
TABLE - Mexico 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