Phytases Market Research Report offered by DecisionDatabases.com provides a detailed study on the industrial development of the market under the forecast period 2019-2025. The Global Phytases Industry Report gives an elaborate information about the market size, share and analyzes the complete value chain the report also covers the market dynamics enriching business strategists with quality data about the Phytases market.
This research report categorizes the global Phytases market by players/brands, region, type and application. This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porter's Five Forces Analysis.
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.
In 2017, the global Phytases market size was 380 million US$ and is forecast to 580 million US in 2025, growing at a CAGR of 5.7% from 2018. The objectives of this study are to define, segment, and project the size of the Phytases market based on company, product type, application and key regions.
The various contributors involved in the value chain of Phytases include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in the Phytases include
- BASF
- DuPont
- DSM
- AB Enzymes
- Beijing Smistyle
- VTR
- Jinan Tiantianxiang (TTX)
- Huvepharma
- Novozymes
- Vland Biotech Group
Market Size Split by Type
- Granular Phytases
- Powder Phytases
- Liquid Phytases
- Thermostable Phytases
Market Size Split by Application
- Food Industry
- Pharmaceutical Industry
- Feed Industry
Market size split by Region
- North America
- United States
- Canada
- Mexico
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Indonesia
- Singapore
- Malaysia
- Philippines
- Thailand
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Russia
- Central & South America
- Brazil
- Rest of Central & South America
- Middle East & Africa
- GCC Countries
- Turkey
- Egypt
- South Africa
The study objectives of this report are:
- To study and analyze the global Phytases market size (value & volume) by company, key regions/countries, products and application, history data from 2013 to 2017, and forecast to 2025.
- To understand the structure of Phytases market by identifying its various subsegments.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- 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 project the value and volume 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.