Market Overview:
The global thermostable phytases market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for food and feed products that are rich in proteins and enzymes, and the rising awareness about the benefits of using phytases in various applications. Based on type, the global thermostable phytases market can be segmented into technical grade and industry grade. The technical grade segment is projected to account for a larger share of the global thermostable phytases market than the industry grade segment during the forecast period. This can be attributed to its growing use in food processing applications owing to its high enzyme activity levels as compared with other grades of phytase enzymes. .
Product Definition:
Thermostable Phytases are enzymes that degrade phytic acid in plant-based foods, making the nutrients within them more bioavailable. Thermostable Phytases are important because they improve the absorption of important minerals like zinc and iron from plant-based foods.
Technical Grade:
Technical grade is used for food & beverage applications, such as animal feed and dairy products. It's a highly refined form of phytase that has been tested to have at least 90% phosphorus content by weight. The product also contains other minerals and vitamins, making it more suitable for use in various food products.
The global technical grade market was valued at USD 636 million in 2016.
Industry Grade:
Industry grade is a highly purified form of phytase used as an additive in animal feed. It has been standardized to contain 20% protein and 80% enzyme activity. Industry grade product finds its usage as an ingredient in various food products such as bakery, dairy, processed meat, frozen prepared foods & beverages and nutritional drinks among others. The rising demand for processed cheese is expected to be one of the key factors driving industry growth over the forecast period.
Application Insights:
The food industry accounted for the largest share of over 30.0% in 2017. Growing demand for enzyme-based additives that improve the quality and texture of food products is expected to be a key factor driving product demand in this segment over the forecast period. Thermostable phytases have high potential as additives owing to their ability to reduce dietary fiber content which, in turn, reduces calories and improves overall nutrition profile of foods thereby boosting product demand within the food industry.
Pharmaceutical industry is anticipated to register a significant CAGR during the forecast period on account of rising geriatric population globally which requires nutritional supplements containing minerals & vitamins needed for bone health development along with other important nutrients such as fibers and proteins that help maintain digestive health conditions at affordable prices thus promoting product adoption within this sector also drives segment growth significantly.
Regional Analysis:
Europe was the largest regional market in 2017 owing to high animal feed production and consumption. The region is expected to dominate the global thermostable phytases market over the forecast period. Increasing meat consumption in countries, such as Germany, France, Italy and Spain is anticipated to drive product demand further. In addition, rising awareness regarding health benefits of plant-based foods among consumers has resulted in increased demand for enzyme-fortified products from several major end-use industries including food & beverage and pharmaceuticals.
Asia Pacific is estimated to be one of the fastest growing markets with a CAGR exceeding 6% during the forecast period on account of rapid industrialization coupled with increasing population in China and India leading to higher domestic animal feed production as well as consumption across these countries respectively driving industry growth over this period.
Growth Factors:
- Increasing demand for animal feed due to the growth in livestock population
- Rising awareness about the benefits of phytase enzymes in animal feed
- Growing demand for biofuels and bioproducts
- Technological advancements in the production of phytases
- Stringent regulations on the use of antibiotics and other growth promoters in animal feed
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermostable Phytases Market Research Report
By Type
Technical Grade, Industry Grade
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
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Thermostable Phytases Market Report Segments:
The global Thermostable Phytases market is segmented on the basis of:
Types
Technical Grade, Industry Grade
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
Highlights of The Thermostable 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:
- Technical Grade
- Industry Grade
- 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 Thermostable 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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- Consumer Insights
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- Product & Brand Management
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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?
Thermostable Phytases are enzymes that can break down phytic acid in plant-based foods. This helps to reduce the amount of this mineral that can be absorbed by the body, which can help to improve overall health.
Some of the major companies in the thermostable phytases market are BASF, DuPont, DSM, AB Enzymes, Beijing Smistyle, VTR, Jinan Tiantianxiang (TTX), Huvepharma, Novozymes, Vland Biotech Group.
The thermostable phytases market is expected to register a CAGR of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Thermostable Phytases Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Thermostable Phytases Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Thermostable Phytases Market - Supply Chain
4.5. Global Thermostable Phytases Market Forecast
4.5.1. Thermostable Phytases Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Thermostable Phytases Market Size (000 Units) and Y-o-Y Growth
4.5.3. Thermostable Phytases Market Absolute $ Opportunity
5. Global Thermostable Phytases Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Thermostable Phytases Market Size and Volume Forecast by Type
5.3.1. Technical Grade
5.3.2. Industry Grade
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Thermostable Phytases Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Thermostable Phytases Market Size and Volume Forecast by Application
6.3.1. Food Industry
6.3.2. Pharmaceutical Industry
6.3.3. Feed Industry
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Thermostable Phytases Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Thermostable Phytases Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Thermostable Phytases Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Thermostable Phytases Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Thermostable Phytases Demand Share Forecast, 2019-2026
9. North America Thermostable Phytases Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Thermostable Phytases Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Thermostable Phytases Market Size and Volume Forecast by Application
9.4.1. Food Industry
9.4.2. Pharmaceutical Industry
9.4.3. Feed Industry
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Thermostable Phytases Market Size and Volume Forecast by Type
9.7.1. Technical Grade
9.7.2. Industry Grade
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Thermostable Phytases Demand Share Forecast, 2019-2026
10. Latin America Thermostable Phytases Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Thermostable Phytases Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Thermostable Phytases Market Size and Volume Forecast by Application
10.4.1. Food Industry
10.4.2. Pharmaceutical Industry
10.4.3. Feed Industry
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Thermostable Phytases Market Size and Volume Forecast by Type
10.7.1. Technical Grade
10.7.2. Industry Grade
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Thermostable Phytases Demand Share Forecast, 2019-2026
11. Europe Thermostable Phytases Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Thermostable Phytases Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Thermostable Phytases Market Size and Volume Forecast by Application
11.4.1. Food Industry
11.4.2. Pharmaceutical Industry
11.4.3. Feed Industry
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Thermostable Phytases Market Size and Volume Forecast by Type
11.7.1. Technical Grade
11.7.2. Industry Grade
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth rojections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Thermostable Phytases Demand Share, 2019-2026
12. Asia Pacific Thermostable Phytases Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Thermostable Phytases Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Thermostable Phytases Market Size and Volume Forecast by Application
12.4.1. Food Industry
12.4.2. Pharmaceutical Industry
12.4.3. Feed Industry
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Thermostable Phytases Market Size and Volume Forecast by Type
12.7.1. Technical Grade
12.7.2. Industry Grade
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Thermostable Phytases Demand Share, 2019-2026
13. Middle East & Africa Thermostable Phytases Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Thermostable Phytases Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Thermostable Phytases Market Size and Volume Forecast by Application
13.4.1. Food Industry
13.4.2. Pharmaceutical Industry
13.4.3. Feed Industry
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Thermostable Phytases Market Size and Volume Forecast by Type
13.7.1. Technical Grade
13.7.2. Industry Grade
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Thermostable Phytases Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Thermostable Phytases Market: Market Share Analysis
14.2. Thermostable Phytases Distributors and Customers
14.3. Thermostable Phytases Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BASF
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. DuPont
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. DSM
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. AB Enzymes
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Beijing Smistyle
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. VTR
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Jinan Tiantianxiang (TTX)
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Huvepharma
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Novozymes
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Vland Biotech Group
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
