Animal Feed Phytases Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Animal Feed Phytases Market By Product Type (Histidine Acid Phosphatases (HAPs), B propeller Phytases, Purple Acid Phosphatases, Protein Tyrosine Phosphatase like Phytases, and Others), By Animal Type (Swine, Poultry, Ruminants, Aquatic Animals, and Others), and Geography

 

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Description

Global Animal Feed Phytases Market:

The global animal feed phytases market accounted for US 467.8 Mn in 2019 and is projected to grow at significant growth rate over the forecast years owing to increase in animal farming across the globe. Moreover, rise in awareness about the animal health among the livestock farmers, increase in the demand for quality meat and other animal products, rise in R&D for the development of innovative products, advantages with phytase that aids to ease in digestion of phytic acid and phosphorous in plants, and restrictions for the use of phosphorous in animal feed are anticipated to propel the phytase animal feed market over the forecast years. However, Fluctuations in raw material prices, adoption of natural feed products in rural areas, and stringent regulations for the product approval are anticipated to restrain the growth of market in the near future.

 

Adoption of Feed Phytase Products may Surge the Revenue of Animal Feed Phytases Market

Adoption of feed phytase products due to wide benefits with the products is a key factor surge the growth of global feed phytases market over the forecast years. Monogastric animals such as pigs lack sufficient phytases to release the phosphorous. Addition of phytase products to feed may improve the phytate breakdown capacity and consequent utilization of plant phosphorous. Moreover, the additional benefits with the phytase especially for aquaculture species also surge the consumption of feed phytase products in the near future. For instance, in October 2018, the research conducted by AB Vista and it demonstrated that phytase offers threefold benefit for tilapia producers by improving the performance, profitability, and sustainability. However, high cost of products and usage of feed phytases for limited species may hamper the growth of market over the forecast timeframe

 

North America Accounts for Larger Market Revenue Share in Global Animal Feed Phytases Market

In 2019, North America accounted for highest revenue share followed by Europe and Asia Pacific. North America dominated the market with 31.1% in global animal feed phytases market and the region expected to grow over the forecast years with significant growth rate owing to increase in demand for quality meat and other animal products in USA and Canada. Moreover, presence of huge number of market players focus on R&D activities for the development of innovative products also surge the market in the near future. Europe held significant market share and expected to grow at 5.4% CAGR over 2020-2026 owing to increase in aquaculture farming in Denmark, Germany, France, Russia, and other European countries. In addition, launch of newer products by the market players also boost the revenue of market. For instance, in September 2018, DSM and Novozymes launched Balancius, a major breakthrough in poultry nutrition that significantly increases feed efficiency and digestibility in broilers

 

Competition Assessment

Key player’s profiles in the global animal feed phytases market include:

  • Novozymes
  • DSM
  • DuPont
  • AB Enzymes
  • Novus International
  • Vland Group
  • BASF SE
  • Advanced Enzyme Technologies
  • Deyang Sinozyme Pharmaceutical Co., Ltd.
  • Beijing Challenge International Trade Co., Ltd.
  • SunHY Biology Co., Ltd.
  • Youtell Biochemical
  • Adisseo

Global animal feed phytases market is escalating owing to strategic alliances by key players for animal feed phytases to meet the demands of the customers in the market. For instance,

  • In August 2017, Advanced Enzyme Technologies acquired Evoxx Technologies GmbH, an industrial biotech company focused on development and production of industrial enzymes and specialized carbohydrates for nutritional applications

 

Global Animal Feed Phytases Market Report Description:

Global animal feed phytases market report gives comprehensive outlook on animal feed phytases across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The report gives historical, current, and future market sizes (US$ Mn) on the basis of product type, animal type, and region. This report studies global animal feed phytases market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global animal feed phytases market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global animal feed phytases products.

 

Key Findings of the Report:

  • Global animal feed phytases market expanding at significant CAGR over 2019 to 2026 due to growing demand from livestock farmers the globe
  • Based on region, North America accounted for considerable market revenue share in 2019 and projected gain market revenue share over the forecast period
  • Players focusing on innovation of newer products and collaboration strategies to retain market position in global market

 

Key Features of the Report:

  • The report provides granular level information about the market size, regional market share, historic market (2014-2019) and forecast (2019-2026)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

 

Detailed Segmentation

 

Product Type

  • Histidine Acid Phosphatases (HAPs)
  • B propeller Phytases
  • Purple Acid Phosphatases
  • Protein Tyrosine Phosphatase like Phytases
  • Others

Filter Type

  • Swine
  • Poultry
  • Ruminants
  • Aquatic Animals
  • Others

 

By Geography

 

North America

  • USA
  • Canada

Europe

  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Rest of Europe

Asia-Pacific

  • Japan
  • China
  • Au & NZ
  • Rest of Europe

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East & Africa

  • GCC
  • South Africa
  • Rest of MEA


Location

GEOGRAPHY

PBI Location Map

Competition Assessment

Key player’s profiles in the global animal feed phytases market include:

  • Novozymes
  • DSM
  • DuPont
  • AB Enzymes
  • Novus International
  • Vland Group
  • BASF SE
  • Advanced Enzyme Technologies
  • Deyang Sinozyme Pharmaceutical Co., Ltd.
  • Beijing Challenge International Trade Co., Ltd.
  • SunHY Biology Co., Ltd.
  • Youtell Biochemical
  • Adisseo

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