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Non-starch Polysaccharide (NSP) Enzyme Market Size Forecast: $1.31 Billion by 2029 | Global Outlook
Non-starch Polysaccharide (NSP) Enzyme Market
What Is the Projected Market Size Valuation of the Non-starch Polysaccharide (NSP) Enzyme Market by 2025?
The market size of non-starch polysaccharide (nsp) enzymes has seen a steady increase over the past years. The market is expected to rise from $1.02 billion in 2024 to $1.07 billion in 2025, with a compound annual growth rate (CAGR) of 4.7%. Factors such as animal nutrition efficiency, human health and nutrition, agricultural waste usage, regulatory support and policies, and the rising demand for plant-based products have contributed to the growth during the historic period.
What Is the Estimated Market Growth Value for the Non-starch Polysaccharide (NSP) Enzyme Industry in 2029?
The market size for non-starch polysaccharide (nsp) enzymes is predicted to witness robust expansion in the coming years, attaining a valuation of $1.31 billion in 2029 with a compound annual growth rate (CAGR) of 5.1%. The growth during the anticipated period can be linked to several factors such as the increasing popularity of plant-based diets, the burgeoning biofuel production, a booming global population, endeavors to mitigate climate change, economic elements and cost-efficacy. Conspicuous trends for the forecast duration also encompass the rise in plant-based diets, surge in biofuel production, escalating global population, efforts to counter climate change, economic factors, and cost efficiency.
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What Are the Growth Drivers and Opportunities in the Non-starch Polysaccharide (NSP) Enzyme Market?
The non-starch polysaccharide (NSP) enzyme market is anticipated to thrive due to the escalating demand within the animal feed industry. Animal feed, a blend of ingredients offering essential nutrients, boosts the growth, health, and productivity of livestock and poultry. The escalating global meat consumption and expansion of livestock farming are contributing to the growing demand in this industry. NSP enzymes in animal feed promote the digestion of complex carbohydrates, thus improving nutrient absorption and enhancing the overall health and growth of animals. For instance, the Department of Agriculture, Environment, and Rural Affairs reported in March 2024, that animal feed deliveries for the fourth quarter of 2023 escalated to 691.9 thousand tons from 598.8 thousand tons in the third quarter. This signifies an upsurge of 93.1 thousand tons or approximately 15.5%. This augmented requirement in the animal feed industry is fostering the growth of the non-starch polysaccharide (NSP) enzyme market.
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What Are the Primary Segments Covered in the Global Non-starch Polysaccharide (NSP) Enzyme Market Report?
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
Subsegments:
1) By Soluble NSP Enzymes: Beta-Glucanases, Xylanases, Mannanases, Pectinases, Cellulases (For Soluble Polysaccharides), Galactanases, Arabinases, Inulinases
2) By Insoluble NSP Enzymes: Cellulases (For Insoluble Polysaccharides), Hemicellulases, Lignases, Xylanases (For Insoluble Substrates), Arabinofuranosidases, Glucanases (For Insoluble Polysaccharides), Pectinases (For Insoluble Forms)
What Are the Top Growth Trends in the Non-starch Polysaccharide (NSP) Enzyme Market?
In the non-starch polysaccharide (NSP) enzyme market, key players are concentrating their efforts on the development of new enzyme products, like feed enzymes, aimed at enhancing nutrient absorption and making feed more economical and sustainable. Feed enzymes are specialized proteins that boost the digestion of nutrients in animal feed, thereby enhancing overall feed effectiveness and the health of animals. For instance, Huvepharma, a pharmaceutical firm based in Bulgaria, introduced Huvezym neXo in October 2024 to tackle vital issues in animal nutrition and feed efficiency, particularly for monogastric species such as chickens and pigs. This revolutionary enzyme complex comprises a mixture of xylanase, xyloglucanase, and cellulase, which improves the digestibility of complex fibers, enhances nutrient availability, and maximizes feed efficiency. In the face of escalating feed expenses and growing regulatory pressure for sustainable methods, Huvezym® neXo presents an economic solution that allows producers to switch to alternate raw materials without sacrificing animal health or productivity.
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Which Companies Are Shaping the Future of the Non-starch Polysaccharide (NSP) Enzyme Market?
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
Which Region Holds the Largest Market Share in the Non-starch Polysaccharide (NSP) Enzyme Industry?
Asia-Pacific was the largest region in the non-starch polysaccharide (NSP) enzyme market in 2024. 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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