PUBLISHER: The Business Research Company | PRODUCT CODE: 1539751
PUBLISHER: The Business Research Company | PRODUCT CODE: 1539751
Non-starch polysaccharide (NSP) enzymes are specialized enzymes designed to break down complex carbohydrates found in plant cell walls, enhancing their digestibility and nutritional value in animal feed. This process contributes to improved animal growth and health, ultimately aiming to optimize feed efficiency, reduce costs, and promote sustainability in livestock production.
The primary types of NSP enzymes include soluble and insoluble varieties. Soluble NSP enzymes act on non-starch polysaccharides to break them down into simpler sugars. These enzymes are derived from various sources such as plants, microbes, and animals, and find application across diverse industries including food and beverages, chemicals, pharmaceuticals, animal feed, biofuels, textiles, and others.
The non-starch polysaccharide (NSP) enzyme market research report is one of a series of new reports from The Business Research Company that provides non-starch polysaccharide (NSP) enzyme market statistics, including non-starch polysaccharide (NSP) enzyme industry global market size, regional shares, competitors with a non-starch polysaccharide (NSP) enzyme market share, detailed non-starch polysaccharide (NSP) enzyme market segments, market trends and opportunities, and any further data you may need to thrive in the non-starch polysaccharide (NSP) enzyme industry. This non-starch polysaccharide (NSP) enzyme market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The non-starch polysaccharide (NSP) enzyme market size has grown strongly in recent years. It will grow from $0.97 billion in 2023 to $1.02 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth during the historic period can be attributed to several factors, including improvements in animal nutrition efficiency, increased focus on human health and nutrition benefits, utilization of agricultural waste for enzyme production, supportive regulatory frameworks and policies promoting enzyme use, and rising market demand for plant-based products in various sectors.
The non-starch polysaccharide (NSP) enzyme market size is expected to see strong growth in the next few years. It will grow to $1.29 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The projected growth in the forecast period can be attributed to several factors, including the increasing adoption of plant-based diets driving demand for enzymes in food processing, expansion of biofuel production necessitating enzymes for biomass conversion, the growing global population requiring enhanced agricultural productivity, efforts to mitigate climate change through sustainable practices such as enzyme-assisted waste utilization, economic factors favoring efficient production methods, and the emphasis on cost efficiency across industries. Major trends expected in this period include the continued growth of plant-based diets driving demand for enzymes in food and beverage processing, expansion of enzyme applications in biofuel production to meet renewable energy targets, increased adoption of enzyme technologies in agricultural practices to enhance yield and sustainability, ongoing efforts to mitigate climate change through enzyme-assisted waste management, and innovations aimed at optimizing enzyme efficiency and reducing production costs.
The non-starch polysaccharide (NSP) enzyme market is set to grow due to rising demand in the animal feed industry. Animal feed is a blend of ingredients formulated to provide essential nutrients for the health, growth, and productivity of livestock and poultry. The increasing demand in this sector is driven by expanding global meat consumption and the growth of livestock farming. NSP enzymes play a crucial role in animal feed by breaking down complex carbohydrates, thereby improving nutrient digestibility and enhancing overall animal health and growth. For example, the Department of Agriculture, Environment, and Rural Affairs reported in March 2024 that animal feed deliveries in quarter 4 of 2023 increased by approximately 15.5% compared to quarter 3, underscoring the sector's growth and its impact on NSP enzyme market demand.
Leading companies in the NSP enzyme market are focusing on developing innovative enzyme products, such as feed enzymes, to enhance nutrient digestion, improve feed efficiency, and promote sustainability. Feed enzymes are specialized proteins that facilitate the breakdown of nutrients in animal feed, thereby optimizing feed utilization and supporting animal health. For instance, BASF SE introduced Natupulse TS in December 2021, featuring an advanced formulation designed to enhance enzyme stability across varying temperatures in animal feed. This innovation ensures consistent enzyme activity, promoting optimal nutrient digestion and absorption in livestock.
In March 2024, Novus International Inc., a US-based leader in animal health and nutrition, acquired BioResource International Inc. (BRI) to strengthen its customer service capabilities and advance innovation, particularly in fermentation technology. BRI is recognized for its expertise in providing NSP enzymes and related solutions for the animal feed industry.
Major companies operating in the non-starch polysaccharide (NSP) enzyme market are Archer Daniels Midland Company, BASF SE, AB Enzymes GmbH, Koninklijke DSM N.V., Trouw Nutrition USA LLC, Alltech Inc, Bluestar Adisseo, Kemin Industries Inc., Qingdao Vland Biotech Inc., Genscript Biotech Corporation, Novus International Inc., Nofima Marin AS, EW Nutrition GmbH, Rossari Biotech, Nutrex, The Aumgene Biosciences Pvt Ltd, Leveking Biotech Co. Ltd., VEMO 99 Ltd, Glamac International Pvt. Ltd., Engormix
Asia-Pacific was the largest region in the non-starch polysaccharide (NSP) enzyme market in 2023. The regions covered in the non-starch polysaccharide (nsp) enzyme market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the non-starch polysaccharide (NSP) enzyme market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The non-starch polysaccharide (NSP) enzyme market consists of sales of enzymes such as xylanases, beta-glucanases, mannanases, and cellulases that break down complex carbohydrates in animal feed. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Non-starch Polysaccharide (NSP) Enzyme Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on non-starch polysaccharide (NSP) enzyme market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for non-starch polysaccharide (NSP) enzyme ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The non-starch polysaccharide (NSP) enzyme market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.