Histidine Acid Phosphatases Market Scope
Histidine acid phytases are defined as the enzymes that are widely distributed among bacteria, pillows, plants as well as certain animal tissues. As animal feed enzymes, they play an important role in the solubilization of insoluble phosphates and minerals in the form of phytic acid complexes. Many identified phytases belong to the enzyme class called phosphatases of histidine acid. Filamentous fungi, bacteria, yeast, and plants have isolated histidine acid phosphatases. In several transgenic plants, HAPs have also been overexpressed as a potential alternative form of phytase production for the animal feed industry. Increasing usage of Histidine acid phytases in various applications such as the food industry, pharmaceutical industry, feed industry, and others are likely to be the prime drivers for market growth.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | BASF SE (Germany), Dow Chemical Company (United States), Koninklijke DSM N.V. (Netherlands), AB Enzymes (Germany), Beijing Smistyle (China), Jinan Tiantianxiang (China), Huvepharma (United States), Novozymes A/S (Denmark) and Vland Biotech Group (China) |
CAGR | % |
The global histidine acid phosphatases market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. Research Analyst at AMA estimates that China and United States Vendors will contribute to the maximum growth of Global Histidine Acid Phosphatases market throughout the predicted period.
BASF SE (Germany), Dow Chemical Company (United States), Koninklijke DSM N.V. (Netherlands), AB Enzymes (Germany), Beijing Smistyle (China), Jinan Tiantianxiang (China), Huvepharma (United States), Novozymes A/S (Denmark) and Vland Biotech Group (China) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Histidine Acid Phosphatases market by Type , by Application (Food Industry, Pharmaceutical Industry and Feed Industry) and Region with country level break-up.
On the basis of geography, the market of Histidine Acid Phosphatases has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
BASF closed the acquisition of Solvay’s polyamide (PA 6.6) business. The transaction broadens BASF’s polyamide capabilities with innovative and well-known products such as Technyl. This will allow BASF to support its customers with even better engineering plastics solutions, e.g., for autonomous driving and e-mobility. The transaction also enhances the company’s access to growth markets in Asia as well as in North and South America.
BASF has launched the next-generation phytase, Natuphos E, for the feed industry in Japan. As the first company to market a phytase for the feed industry 30 years ago, BASF has once again set a new standard in feed phytase technology with a novel hybrid bacterial 6-phytase.
According to National Center for Biotechnology Information (NCBI), “Regulation of Soluble Phosphate on the Ability of Phytate Mineralization and β-Propeller Phytase Gene Expression of Pseudomonas fluorescens JZ-DZ1, a Phytate-Mineralizing Rhizobacterium”.
Influencing Trend:
Rising Demand from Poultry Industry
Market Growth Drivers:
Rise in Health Concerns among the Wide Array of Population and Increasing Awareness and Rising Disposal Income among Middle-Class Families
Challenges:
Lack of Awareness regarding the benefit of Histidine Acid Phytases
Restraints:
Stringent Government Rules and Regulations regarding Histidine Acid Phosphatases
Opportunities:
Growing Demand from Emerging Economics such as China, India, among others
Key Target Audience
Histidine Acid Phosphatases Companies, Industry Association, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others