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Animal Feed Phytase Market Share

Report ID: GMI5363
Published Date: Jan 2024
Report Format: PDF

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Animal Feed Phytase Market Share

Major companies in the animal feed phytase industry include Novozymes, a global leader known for its diverse range of feed phytase; DSM, Life sciences and materials sciences company, offering a range of industrial enzymes for diverse applications.

AB Enzymes, a subsidiary of Associated British Foods PLC, is a biotech company specializing in the development, manufacturing, and supply of industrial enzymes for a variety of markets. Their products serve a wide range of applications, from food grade enzymes for baking, fruit juice processing, grain and vegetable oil seeds processing, to enzymes for animal feed, pulp and paper, textiles, and laundry detergents. The company prides itself on its historical ability to innovate, evidenced by its creation of the first industrial enzyme in 1907. With a presence in over 60 countries, AB Enzymes emphasizes customer-centric solutions and sustainable practices in its operations?.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of animal feed phytase was over USD 580.56 million in 2023 and is projected to reach USD 1.05 billion by 2032, propelled by the ongoing expansion of the livestock sector and the rising need for sustainable agricultural techniques.

Animal feed phytase granules or powder market size was USD 435.6 million in 2023, attributed to their ease of incorporation into premixes and feeds, stability during storage and handling, and compatibility with a wide range of feed processing procedures.

U.S. market generated USD 26.66 million in revenue in 2023, owing to the presence of the substantial livestock industry and advanced agricultural practices.

Some of the major market players are AB Enzymes (Associated British Foods PLC), DSM, Alltech, BASF SE, Novozymes, Novus International, Adisseo, DuPont, Jinan Tiantianxiang (TTX), Vland Biotech Group, Qingdao Vland Biotech INC, and Kemin Industries Inc.