This report studies the Phytases market, A phytase (myo-inositol hexakisphosphate phosphohydrolase) is any type of phosphatase enzyme that catalyzes the hydrolysis of phytic acid (myo-inositol hexakisphosphate) – an indigestible, organic form of phosphorus that is found in grains and oil seeds – and releases a usable form of inorganic phosphorus.
Currently, some companies in the world can produce Phytases product, mainly concentrating in Europe. The main market players are Novozymes, DuPont (Danisco), AB Enzymes, DSM, BASF, etc. The sales volume of Phytases increased from 114235 MT in 2012 to 152622 MT in 2016, with an average growth rate of 5.96%.
In consumption market, the growth rate of global consumption is smooth relatively. China and Europe are still the mainly consumption regions due to the advanced production technology and rapid development of economy.
The benefits of enzymes are becoming better realized as more research is done. For the animal, enzymes optimize gut health, produce uniform growth and enhance overall health. For the producer, they decrease feed costs and improve profitability.
According to this study, over the next five years the Phytases market will register a 7.9% CAGR in terms of revenue, the global market size will reach US$ 590 million by 2024, from US$ 380 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Phytases business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Phytases market by product type, application, key manufacturers and key regions and countries.
This study considers the Phytases value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Granular Phytases
Powder Phytases
Liquid Phytases
Thermostable Phytases
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Food Industry
Pharmaceutical Industry
Feed Industry
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
BASF
DuPont
DSM
AB Enzymes
Beijing Smistyle
VTR
Jinan Tiantianxiang (TTX)
Huvepharma
Novozymes
Vland Biotech Group
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Phytases consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Phytases market by identifying its various subsegments.
Focuses on the key global Phytases manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Phytases with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Phytases submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Phytases . Industry analysis & Market Report on Phytases is a syndicated market report, published as Global Phytases Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Phytases market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.