Published on : Apr 14, 2017
Albany, New York, April 14, 2017: The demand for phytase for animal feed application can be directly correlated to increasing feed demand, particularly from poultry and swine farms. The use of feed enzymes in poultry feed allow producers to benefit from advances in enzyme technology in today’s competitive and challenging market. A recent study on the animal feed phytase has been recently broadcasted to the Market Research Hub’s vast repository, which is titled as “2017-2022 Animal Feed Phytase Report on Global and United States Market, Status and Forecast, by Players, Types and Applications”. This report studies market status and outlook of global and United States, from angles of players, regions, product types and end industries.
At present, feed enzymes market has become a crucial part of commercial animal feeds which increase the nutritional value of feed ingredients, reduce feed costs, improve the environment, all while maintaining or improving animal performance. As per the findings of the report, phytase is the most widely used feed enzyme in the world, included in 90% of poultry and 70% of pig-diets. It is also analyzed that adding phytase to poultry feed allows the animal to absorb more of the phosphorus within the food. As phytase helps to reduce the environmental impact of phosphorous pollution it is gaining significant penetration in European and North American regions. Also, The Asia-Pacific will occupy for more market share during the period 2016-2022, especially in China, also fast-growing India and Southeast Asia regions.
Furthermore, the key findings of the study state that global market has gained impetus in 2016 and is expected to reach a high value in million USD by the end of 2022. The demand for phytase for animal feed application is anticipated to increase with a strong CAGR throughout the forecast period. Additionally, North America, especially The United States, will still play an important role which cannot be ignored. Any changes from the United States might affect the development trend of Animal Feed Phytase.
Moreover, the overall global and United States animal feed phytase product segmentation by type and application are represented. On the basis of product, it covers Histidine acid phosphatases (HAPs), Propeller phytases, Protein tyrosine phosphatase-like phytases and Purple acid phosphatases. End-users of the animal feed phytase are:
- For Swine
- For Poultry
- For Ruminants
- For Aquatic Animals
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The major players in global and United States Animal Feed Phytase market, including Alltech Inc., BASF SE, AB Vista, E. I. Du Pont De Nemours and Company, Lesaffre Group, CHR. Hansen Holding A/S, Novozymes A/S, Youtell, Associated British Foods PLC, Advanced Enzymes Technologies Ltd., Adisseo France S.A.S., Novus International, Inc., DSM, Challenge Group, SunHY, Saide, Vland and Sinoenzymes.
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