Global Carbohydrase Market Overview:
The sports industry is gaining an unprecedented boost from the revamping of the broadcasting industry which in a way has triggered the need for better performance. For that, the sector is seeking aid from various industries, and carbohydrase plays an integral role in providing the answer. The global Carbohydrase Market is eyeing an impressive growth during the forecast period (2020-2027) owing to its usage in sports drinks for health-related benefits, claims Market Research Future (MRFR) in a detailed study. Its impact in diverse sectors such as animal feed, pharmaceutical, dairy, bakery, and alcohol can also ease its path to success. Carbohydrase’s application in the dairy product has assisted the industry in tackling lactose intolerance that many suffer from. Its ability to improve digestibility of carbohydrates can galvanize the market growth further.
The global carbohydrase market is expected to garner a revenue of USD 5.4 billion by 2027, at a CAGR of approximately 6.5% during the forecast period of 2020-2027
However, carbohydrase has a drawback. It can destabilize pouvoir hydrogène (pH) level and cause fluctuation in temperature level. This can curtail the expected market growth during the review period considerably. But as it is gaining traction in diverse sectors, this aspect cannot clog the market for long.
Industry News:
Canadian Bio-Systems Inc. (CBS Inc.) has recently designed a variant using multi-carbohydrase technology that adds extra nutritional value to end-products by extracting more from corn, barley, oats, flax, canola meal, peas, wheat, soybean meal, distiller’s dried grains with solubles (DDGS) and others. Its impact on the production and environment would be indelible on a positive note.
Segmentation:
The global carbohydrase market can be segmented by type, source, and application.
Type-wise segmentation includes amylases, cellulases, pectinase, lactase, and others. Amylases play a catalytic role in the hydrolysis of starch into sugars and have a broader user-base. Cellulases come next, and it finds its use in catalyzing cellulolysis. Meanwhile, lactase is expected to gain the maximum momentum by 2023 due to its rising demand from the dairy industry.
Source-based segmentation consists microorganisms, plants, and animals. Microorganism is expected to lead the market by a considerable margin during the forecast period.
Based on application, the market can be segmented into food beverages, animal feed, pharmaceuticals, and others. Demands from bakery, dairy and beverage industry have taken the food beverage segment to the top, whereas, the animal feed can gain sizably from the latest developments in the sector.
Regional Analysis:
The global carbohydrase market is segmented into North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
North America is the aerialist that all other regions are following. Time-driven workforce of the region depends heavily on quick bites and expects balanced nutrition which has directly triggered the need for the market.
Europe is closely following the lead. The U.K., Germany, and France are leading the pack. The demand for the market here is mainly generated by pharmaceutical companies who are in using it widely for their production.
Market Competition:
The market has a lot of potential bellwethers to take up the crest, and they are employing diverse strategies to exploit opportunities to the fullest. Royal DSM is taking a slightly different route where they are banking more ongoing eco-friendly and targeting value-creating acquisitions. Novozymes is also following the same lead by sourcing its power consumption from Vattenfall and its offshore wind farm Kriegers Flak, near the Baltic Sea. On the other hand, Advanced Enzymes Technologies recently acquired a stake in Advanced Enzymes (Malaysia) Sdn. Bhd. ('AEM'), subsidiary to enhance the company portfolio.
The global Key Carbohydrase Market Players are Royal DSM (The Netherlands), Novozymes (Denmark), Amano Enzyme Inc. (China), DuPont (U.S.), AB Enzymes Gmbh (Germany), Advanced Enzymes (India), Specialty Enzymes (China), and others.
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