6-phytase Market
6-phytase Market Scope: Industry Analysis, Market
Size, Growth, Trends Till 2031
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6-phytase Market Size and Growth
The 6-phytase market is experiencing robust growth due to increasing demand for animal feed additives and the rise of sustainable agriculture practices. The global market size was valued at approximately $500 million in 2022, with a projected CAGR of 8% through 2030, driven by advancements in enzyme technology and health regulations.
Companies Covered
(Covid 19 Impact Covered)
◍ BASF
◍ DuPont
◍ DSM
◍ AB Enzymes
◍ Beijing Smistyle
◍ VTR
◍ Jinan Tiantianxiang (TTX)
◍ Huvepharma
◍ Novozymes
◍ Vland Biotech Group
The 6-phytase market is competitive, with companies like BASF, DuPont, and DSM leading innovations in enzyme development. They enhance animal nutrition by improving phosphate availability. Others like Huvepharma and Novozymes also contribute through research and product offerings. Notable sales revenues include DuPont's $20 billion (2020) and BASF's €59 billion (2021).
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Market Segmentation
By Application
◍ Food Industry
◍ Pharmaceutical Industry
◍ Feed Industry
By Product
◍ Granular Phytases
◍ Powder Phytases
◍ Liquid Phytases
◍ Thermostable Phytases
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Market Growth
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$ X Billion USD
