Non-starch Polysaccharide (NSP) Enzyme Market 2024 - Market Trends, Latest Growth Opportunities, Top Players And Forecast To 2033

Global non-starch polysaccharide (nsp) enzyme market size is expected to reach $1.29 billion by 2028 at a rate of 5.9%, segmented as by type, soluble, insoluble

Sep 4, 2024 - 07:13

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Overview and Scope
Non-starch polysaccharide (NSP) enzymes are specialized enzymes that break down non-starch polysaccharides, which are complex carbohydrates found in plant cell walls. These enzymes are used in animal feed to improve the digestibility and nutritional value of feed ingredients, leading to better animal growth and health. The purpose of NSP enzymes is to enhance feed efficiency, reduce feed costs, and improve the overall sustainability of livestock production.

Sizing and Forecast
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 in the historic period can be attributed to animal nutrition efficiency, human health and nutrition, agricultural waste utilization, regulatory support and policies, and market demand for plant-based products.

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 growth in the forecast period can be attributed to the growth of plant-based diets, expansion of biofuel production, rising global population, climate change mitigation efforts, economic factors, and cost efficiency. Major trends in the forecast period include the growth of plant-based diets, expansion of biofuel production, rising global population, climate change mitigation efforts, economic factors, and cost efficiency.

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Segmentation & Regional Insights
The non-starch polysaccharide (NSP) enzyme market covered in this report is segmented –

1) By Type: Soluble, Insoluble
2) By Source: Plant, Microbial, Animal
3) By Application: Food And Beverages, Chemical, Pharmaceutical, Animal Feed, Biofuel, Textile, Other Applications

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.

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Major Driver Impacting Market Growth
The increasing demand in the animal feed industry is expected to propel the growth of the non-starch polysaccharide (NSP) enzyme market going forward. Animal feed is a mixture of ingredients formulated to provide essential nutrients for the growth, health, and productivity of livestock and poultry. The demand in the animal feed industry is growing due to increasing global meat consumption and the expansion of livestock farming. Non-starch polysaccharide (NSP) enzymes are used in animal feed to break down complex carbohydrates, enhancing nutrient digestibility and improving overall animal growth and health. For instance, in March 2024, according to the Department of Agriculture, Environment, and Rural Affairs, a UK-based government department, animal feed deliveries in quarter 4 of 2023 rose to 691.9 thousand tons from 598.8 thousand tons in quarter 3, marking an increase of 93.1 thousand tons, or about 15.5%. Therefore, the increasing demand in the animal feed industry is driving the growth of the non-starch polysaccharide (NSP) enzyme market.

Key Industry Players
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

The non-starch polysaccharide (nsp) enzyme market report table of contents includes:

1. Executive Summary

2. Non-starch Polysaccharide (NSP) Enzyme Market Characteristics

3. Non-starch Polysaccharide (NSP) Enzyme Market Trends And Strategies

4. Non-starch Polysaccharide (NSP) Enzyme Market - Macro Economic Scenario

5. Global Non-starch Polysaccharide (NSP) Enzyme Market Size and Growth

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32. Global Non-starch Polysaccharide (NSP) Enzyme Market Competitive Benchmarking

33. Global Non-starch Polysaccharide (NSP) Enzyme Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Non-starch Polysaccharide (NSP) Enzyme Market

35. Non-starch Polysaccharide (NSP) Enzyme Market Future Outlook and Potential Analysis

36. Appendix