Market Overview:
The global powder phytases market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for food products with enhanced nutritional value, rising awareness about the benefits of phytases, and growing demand for animal feed products. The acid phytase segment is projected to grow at a higher CAGR than the alkaline phytase segment during the forecast period. This growth can be attributed to the increasing demand for food products with enhanced nutritional value and rising awareness about the benefits of acid phytases. In terms of application, the food industry segment is projected to grow at a higher CAGR than other segments duringthe forecast period.
Product Definition:
Powder Phytases is an enzyme that breaks down phytates in grains and legumes, making the nutrients more available to the body. It is important because it can help improve digestion and nutrient absorption.
Acid Phytase:
Acid phytase is a plant enzyme, which helps in increasing the solubility of minerals such as iron, zinc and magnesium in water. It also helps to increase the absorption of these minerals by plants. The product has applications in fertilizers & soil conditioners industry for improving nutrient uptake by plants and enhancing their growth rate.
Alkaline Phytase:
Alkaline Phytase is a type of phytase that is obtained from the roots and tubers of plants. It has high phosphorus content, which makes it an important ingredient in fertilizers. Alkaline Phytase finds application in animal feed as well as food & beverage industry for its role in preventing fermentation of milk products and control over acidity levels.
Application Insights:
The food industry was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. The rising importance of enzymes in processing foods, such as grinding wheat into flour, breaking down proteins for milk powder and cheese production, liquefying vegetables for baby food manufacture and softening rice for sushi making is expected to drive demand.
The feed industry accounted for a share of 8.9% in terms of volume on account of growing use of animal protein-based products such as meat extracts and concentrates along with cereals produced from grains that have been processed using powder phytases. Growing awareness regarding enzyme-based additives that improve animal productivity is likely to fuel product demand over the coming years.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position through 2030, with the U.S., being the major contributor to regional growth. North America has a well-established food & beverage industry and is also one of the largest feed producers in terms of both domestic as well as international trade activities.
The European market for powder phytases was valued at USD X million in 2017 and is expected to witness significant growth over the forecast period owing to rising demand from several key application industries including food & beverages, pharmaceuticals, and animal feed additives among others.
Asia Pacific accounted for a revenue share of 22% in 2017 owing to high production levels coupled with increasing exports from countries such as India.
Growth Factors:
- Increasing demand for animal feed due to the growth in livestock population
- Rising awareness about the benefits of using phytases in animal feed
- Growing demand for organic food products, which necessitates the use of phytases in animal feed
- Technological advancements that have led to the development of more efficient and effective phytases
- The increasing prevalence of digestive disorders in animals that can be treated with phytases
Scope Of The Report
Report Attributes
Report Details
Report Title
Powder Phytases Market Research Report
By Type
Acid Phytase, Alkaline Phytase
By Application
Food Industry, Pharmaceutical Industry, Feed Industry
By Companies
BASF, DuPont, DSM, AB Enzymes, Beijing Smistyle, VTR, Jinan Tiantianxiang (TTX）, Huvepharma, Novozymes, Vland Biotech Group, BASF
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
135
Number of Tables & Figures
95
Customization Available
Yes, the report can be customized as per your need.
Global Powder Phytases Market Report Segments:
The global Powder Phytases market is segmented on the basis of:
Types
Acid Phytase, Alkaline Phytase
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food Industry, Pharmaceutical Industry, Feed Industry
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF
- DuPont
- DSM
- AB Enzymes
- Beijing Smistyle
- VTR
- Jinan Tiantianxiang (TTX）
- Huvepharma
- Novozymes
- Vland Biotech Group
- BASF
Highlights of The Powder Phytases Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Acid Phytase
- Alkaline Phytase
- By Application:
- Food Industry
- Pharmaceutical Industry
- Feed Industry
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Powder Phytases Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Powder Phytases are a type of enzyme that helps break down plant cell walls. This is important because it allows the plant to absorb nutrients and water more easily. Powder Phytases are also used in food processing, such as making cheese and yogurt.
Some of the major players in the powder phytases market are BASF, DuPont, DSM, AB Enzymes, Beijing Smistyle, VTR, Jinan Tiantianxiang (TTX）, Huvepharma, Novozymes, Vland Biotech Group, BASF.
The powder phytases market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Powder Phytases Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Powder Phytases Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Powder Phytases Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Powder Phytases Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Powder Phytases Market Size & Forecast, 2020-2028
4.5.1 Powder Phytases Market Size and Y-o-Y Growth
4.5.2 Powder Phytases Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Acid Phytase
5.2.2 Alkaline Phytase
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Food Industry
6.2.2 Pharmaceutical Industry
6.2.3 Feed Industry
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Powder Phytases Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Powder Phytases Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Acid Phytase
9.6.2 Alkaline Phytase
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Food Industry
9.10.2 Pharmaceutical Industry
9.10.3 Feed Industry
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Acid Phytase
10.6.2 Alkaline Phytase
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Food Industry
10.10.2 Pharmaceutical Industry
10.10.3 Feed Industry
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Acid Phytase
11.6.2 Alkaline Phytase
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Food Industry
11.10.2 Pharmaceutical Industry
11.10.3 Feed Industry
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Acid Phytase
12.6.2 Alkaline Phytase
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Food Industry
12.10.2 Pharmaceutical Industry
12.10.3 Feed Industry
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Acid Phytase
13.6.2 Alkaline Phytase
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Food Industry
13.10.2 Pharmaceutical Industry
13.10.3 Feed Industry
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Powder Phytases Market: Competitive Dashboard
14.2 Global Powder Phytases Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF
14.3.2 DuPont
14.3.3 DSM
14.3.4 AB Enzymes
14.3.5 Beijing Smistyle
14.3.6 VTR
14.3.7 Jinan Tiantianxiang (TTX）
14.3.8 Huvepharma
14.3.9 Novozymes
14.3.10 Vland Biotech Group
14.3.11 BASF
