Global Phytases Market Growth 2023-2029

Global Phytases Market Growth 2023-2029

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.
LPI (LP Information)' newest research report, the “Phytases Industry Forecast” looks at past sales and reviews total world Phytases sales in 2022, providing a comprehensive analysis by region and market sector of projected Phytases sales for 2023 through 2029. With Phytases sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Phytases industry.
This Insight Report provides a comprehensive analysis of the global Phytases landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Phytases portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Phytases market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Phytases and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Phytases.
The global Phytases market size is projected to grow from US$ 490.1 million in 2022 to US$ 732.7 million in 2029; it is expected to grow at a CAGR of 732.7 from 2023 to 2029.
Global Phytases key players include DuPont, BASF, Beijing Smistyle, VTR, AB Enzymes, etc. Global top five manufacturers hold a share about 50%. Europe is the largest market, with a share about 45%, followed by North America and China, both with a share about 20 percent. In terms of product, Granular Phytases is the largest segment, with a share about 50%. And in terms of application, the largest application is Feed Industry, followed by Food Industry, Pharmaceutical Industry.
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.
Market Segmentation:
Segmentation by type
Granular Phytases
Powder Phytases
Liquid Phytases
Thermostable Phytases
Segmentation by application
Food Industry
Pharmaceutical Industry
Feed Industry
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
BASF
DuPont
DSM
AB Enzymes
Beijing Smistyle
VTR
Jinan Tiantianxiang (TTX）
Huvepharma
Novozymes
Vland Biotech Group
Key Questions Addressed in this Report
What is the 10-year outlook for the global Phytases market?
What factors are driving Phytases market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Phytases market opportunities vary by end market size?
How does Phytases break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.