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Global Phytase for Animal Feed Applications Market: Overview

Phosphorus is considered as an essential compound for animal metabolism and thus executes a prime role for livestock growth and production.  The phosphorus is primarily stored as phytic acid in various feedstock, which is mostly inaccessible to swine and poultry animals. Thus, conventionally inorganic phosphates are added to meet the phosphorous requirements of these animals, imparting an additional cost. Adding phyatse based enzymes to feed solves this generic problem, by enabling swine and poultry to digest the phytate bound phosphorous in plants. Moreover, as concerns regarding environmental impact of inorganic phosphorous is also gaining limelight, phytase based enzymes are seeing increasing penetration.

The demand for phytase for animal feed application is anticipated to expand with a decent CAGR throughout the forecast period.

Global Phytase for Animal Feed Applications Market: Drivers and Restraints

The demand for phytase for animal feed application can be directly correlated to increasing feed demand, particularly from poultry and swine farms. Moreover, increasing awareness about the benefits of phytase is fuelling rapidly increasing demand from the aquaculture sector too. Moreover, as phytase helps to reduce the environmental impact of phosphorous pollution it is gaining significant penetration in European and North American regions. Furthermore, increasing awareness about additional benefits of phytase such as it enables the poultry and swine to digest the phytate bound phosphorus already present in the plants, helps in reducing cost and better livestock production. Another prime factor, leading to an increasing demand for phytase is the rising shortage of phosphorous. As the demand for biofuel crops increases, the increasing usage of fertilisers is indispensable, thus a large consumption of phosphates channel towards fertiliser production. This coupled with rising standards of living globally, has led to the rising demand of washing powders, thus creating further demand for phosphates. Henceforth, the increasing scarcity of feed phosphates is another reason driving demand for phytase for animal feed applications.

Moreover, rapid research in the development of phytase by prominent chemical and enzyme manufacturing companies, is sprouting out new benefits of phytase, further fuelling increasing demand for phytase across all applications.

Global Phytase for Animal Feed Applications Market: Segmentation

On the basis of application,

  • Animals
    • Poultry
    • Swine
    • Ruminant
    • Others
  • Aquaculture
  • Others

Global Phytase for Animal Feed Applications Market: Region Wise Outlook

The Global phytase for Animal Feed Applications Market is segmented into the seven key regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). Western Europe is anticipated to lead the market throughout the forecast period, amid presence of large number of poultry and swine farms in the region coupled with high penetration of awareness and benefits of phytase for animal feed applications. North America is expected to be the next leading market for consumption of phytase based animal feed, particularly due to rising awareness about environmental impact of phosphorous application. However, growth in these matured regions particularly in Western Europe is expected to execute a sluggish growth, compared to Asia Pacific Exc. Japan (APEJ) and Latin America, which are expected to execute an impressive CAGR over the forecast period. The Middle East and Africa (MEA) and Easter Europe regions are expected to account for a small market share over the forecast period of 2016-2026.

Global Phytase for Animal Feed Applications Market: Key Players

  • Danisco Animal Nutrition-DuPont
  • Novozymes/Koninklijke DSM N.V.
  • Roal Oy
  • Adisseo
  • Novus International
  • Vland Biotech Group
  • Altech Inc.
  • Advanced Enzyme Technologies Limited

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

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10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Phytase For Animal Feed Applications Market

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