Global Phytase Market, By Type (Granular Phytases, Powder Phytases, Liquid Phytases, and Thermostabl

Published Date: | Report Code : HC1941556

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Phytase Market growth is expected to gain high momentum during the forecast period due to increasing awareness about benefits of phytase, as it helps the poultry and swine to digest the phytate-bound phosphorus, which is already present in plants. Phytase is every type of enzyme, which catalyzes the hydrolysis present in the phytic acid. Phytase improves the digestion of carbohydrates, dietary minerals, and amino acids. There is a huge demand for phytase, as it decreases feed cost and helps to advance animal performance.

Phytase is every type of enzyme, which catalyzes the hydrolysis present in the phytic acid. Phytase improves the digestion of carbohydrates, dietary minerals, and amino acids. There is a huge demand for phytase, as it decreases feed cost and helps to advance animal performance.

Segment Analysis

The global phytase market has been segmented into type and application.

Based on type, the market has been divided into granular phytases, powder phytases, liquid phytases, and thermostable phytases. Powder and granular type of phytases are widely used, as they are economical as well as easily available. There has been a significant rise in the demand for liquid phytases due to the development of a new enzyme called huvepharma, which is water-soluble and hence, can be mixed with water and given to animals.

Based on the application, the market has been divided into animals, aquaculture, and others. The animal application segment is further divided into poultry, swine, ruminant, and others. The growth of the sectors such as animal husbandry and pisciculture has also impacted the market positively.

Key Factors Impacting Market Growth:

  • Increase in animal husbandry
  • Growth of the aquaculture sector
  • Increasing awareness about benefits of phytase, as it helps the poultry and swine to digest the phytate-bound phosphorus, which is already present in plants

Regional Outlook:

North America, Western Europe, and Asia Pacific by region are estimated to dominate the phytase market during the forecast period. These regions have been market leaders for the overall healthcare sector in terms of technological developments and advanced medical treatments. Moreover, the government policies have been favorable for the growth of the healthcare infrastructure in these regions. North America and Western Europe have an established healthcare infrastructure for product innovations and early adaptations. This is expected to drive the demand for phytase market during the forecast period. 

The US, Germany, France, UK, Canada, and Spain have been some the major markets in the region. Asia Pacific is estimated to register one of highest CAGR for phytase market during the forecast period. This region has witnessed strategic investments by global companies to cater the growing demand in the recent years. China, Japan, India, South Korea, and Australia are amongst some of the key countries for phytase market in the region. Other regions including Middle East, Eastern Europe, and Rest of the World (South America and Africa) are estimated to be emerging markets for phytase during the forecast period.

Companies Covered: BASF, DuPont, DSM, AB Enzymes, Beijing Smistyle, VTR, Jinan Tiantianxiang (TTX), Huvepharma, Novozymes, Vland Biote…

Market Segmentation: 

By Type:

  • Granular Phytases
  • Powder Phytases
  • Liquid Phytases
  • Thermostable Phytases

By Applications:

  • Animals
    • Poultry
    • Swine
    • Ruminant
    • Others
  • Aquaculture
  • Others

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Type
    • By Application
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Type
    • By Application
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Type
    • By Application
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Type
    • By Application
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Type
    • By Application
  • Rest of the World
    • By Region (South America, Africa)
    • By Type
    • By Application

Reasons to Buy This Report:

  • Market size estimation of the global phytase market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

For more information, contact: [email protected]

The global phytase market has been segmented into type and application.

Based on type, the market has been divided into granular phytases, powder phytases, liquid phytases, and thermostable phytases. Powder and granular type of phytases are widely used, as they are economical as well as easily available. There has been a significant rise in the demand for liquid phytases due to the development of a new enzyme called huvepharma, which is water-soluble and hence, can be mixed with water and given to animals.

Based on application, the market has been divided into animals, aquaculture, and others. The animal application segment is further divided into poultry, swine, ruminant, and others. The growth of the sectors such as animal husbandry and pisciculture has also impacted the market positively.

Key Factors Impacting Market Growth:

  • Increase in animal husbandry
  • Growth of the aquaculture sector
  • Increasing awareness about benefits of phytase, as it helps the poultry and swine to digest the phytate-bound phosphorus, which is already present in plants

What Does This Report Provide?

This report provides a detailed understanding of the global phytase market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the market.

Market Segmentation: 

By Type:

  • Granular Phytases
  • Powder Phytases
  • Liquid Phytases
  • Thermostable Phytases

By Applications:

  • Animals
    • Poultry
    • Swine
    • Ruminant
    • Others
  • Aquaculture
  • Others

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Type
    • By Application
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Type
    • By Application
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Type
    • By Application
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Type
    • By Application
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Type
    • By Application
  • Rest of the World
    • By Region (South America, Africa)
    • By Type
    • By Application

Companies Covered: BASF, DuPont, DSM, AB Enzymes, Beijing Smistyle, VTR, Jinan Tiantianxiang (TTX), Huvepharma, Novozymes, Vland Biote… 

Reasons to Buy This Report:

  • Market size estimation of the global phytase market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

For more information, contact: [email protected]

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