Lucintel Forecasts the Global High Temperature Resistant Phytase Market is expected to grow with a CAGR of 8.7% from 2024 to 2030

According to a market report by Lucintel, the future of the global high temperature resistant phytase market looks promising with opportunities in the feed additive, food processing,and plant protection markets. The global high temperature resistant phytase market is expected to grow with a CAGR of 8.7% from 2024 to 2030. The major drivers for this market are increasing emphasis on sustainable agriculture practises, rising demand for high-quality animal feed, and growing awareness about the environmental benefits of phytases.

A more than 150-page report to understand trends, opportunity and forecast in high temperature resistant phytase market to 2030 by type (fungal thermostable phytase, bacterial thermostable phytase, and others), application (feed additives, food processing, and plant protection), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Lucintel forecasts that, within the type category, fungal thermostable phytase is expected to witness higher growth over the forecast period as it delivers higher thermal stability for feed processing.

Within the application category, food processing is expected to witness highest growth due to rising demand for cleaner and more sustainable food production processes.

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In terms of regions, APAC will remain the largest region over the forecast period due to expansion of livestock industry and growing feed production in the region.

Novozymes, DSM, BASF, DuPont de Nemours, Maps Enzymes are the major suppliers in the high temperature resistant phytase market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056

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