Top 10 Companies Leading the Global Phytases Market Expansion According to a newly published market research report by 24LifeSciences, global phytases market was valued at USD 458 million in 2024 and is projected to reach USD 696 million by 2031, growing at a compound annual growth rate (CAGR) of 6.2% during the forecast period 2025–2031. Phytases are phosphatase enzymes that catalyze the hydrolysis of phytic acid, an indigestible organic form of phosphorus found abundantly in grains and oilseeds. By breaking down phytic acid, these enzymes release inorganic, bioavailable phosphorus, which is crucial because it enhances the nutritional value of animal feed. This function makes phosphorus, a vital mineral, accessible to monogastric animals like poultry and swine that naturally lack the enzyme to digest it, thereby supporting better growth and reducing environmental pollution from phosphorus excretion. Download a Free Sample Report (PDF): https://www.24lifesciences.com/download-sample/7273/phytases-market