Unlocking the Market Potential: Global Specialty Enzymes Market Valued at USD 4,565 Million in 2030
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Rise in demand for non-harmful biological catalysts in pharmaceuticals & advanced tools to optimize pharmaceutical production
VANCOUVER, B.C., CANADA, April 13, 2023 /EINPresswire.com/ -- The global specialty enzymes market size reached USD 4,565 Million in 2021 and is expected to register a revenue CAGR of 7.0% during the forecast period, according to latest analysis by Emergen Research.
Rising prevalence of diseases associated with metabolism has been witnessed in recent years wherein an appropriate understanding of enzyme abnormality has led to increasing use of enzymes as disease markers in clinical examinations. Enzymes' selectivity for specific tissues or organs aids in identifying site of damage, which helps in disease diagnosis. Changing levels of Lactate Dehydrogenase (LDH) in the blood is a preferred approach adopted for detecting onset of cardiovascular diseases; this enzyme is specifically found in heart and skeletal muscle in two distinguished forms.
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Specialty enzymes are employed in various diagnostic applications such as DNA manipulation and sequencing. Decline in cost of DNA manipulation and sequencing is projected to drive demand and increase usage of enzymes in research & biotechnology and pharmaceuticals applications. Increase in geriatric population in developed countries is also anticipated to boost demand for healthcare specialty enzymes.
Some Key Highlights From the Report
Microorganisms segment revenue is expected to expand at a substantially rapid CAGR during the forecast period. Main benefit of microbial enzyme production is that it produces large yields on low-cost media in a shorter amount of time. Microbial enzymes are a valuable resource for medicinal treatments as they are economical, consistent, and easy to isolate.
Polymerases & nucleases segment is expected to register a significantly robust revenue growth rate over the forecast period due to increased use of polymerases and nucleases enzymes in advanced biotechnology applications such as DNA amplification and DNA sequencing
North America is expected to register a considerably steady revenue growth rate in global specialty enzymes market over the forecast period due to technological advancements in this region which makes enzymes available for a wide range of applications
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Emergen Research has segmented global specialty enzymes market on the basis of source, type, form, application, end-user, and region:
Source Outlook (Revenue, USD Million; 2019–2030)
Microorganisms
Plants
Animals
Type Outlook (Revenue, USD Million; 2019–2030)
Carbohydrases
Amylases
Cellulases
Other
Proteases
Lipases
Polymerases & Nucleases
Other Enzymes
Form Outlook (Revenue, USD Million; 2019–2030)
Liquid
Dry
Application Outlook (Revenue, USD Million; 2019–2030)
Diagnostic Applications
Clinical
Chemistry
Immunoassay
Molecular
Diagnostics
Other
Diagnostic
Applications
Pharmaceutical Applications
Infectious Diseases
Oncology
Diabetes
Neurology
Other
Food & Beverages Applications
Cosmetic Applications
Other Applications
End-user Outlook (Revenue, USD Million; 2019–2030)
Pharmaceutical Industries
Diagnostic Centers
Food Industries
Cosmetic Industries
Other End-users
Competitive Terrain:
The Global Specialty Enzymes Market is highly consolidated due to the presence of a large number of companies across this industry. The report discusses the current market standing of these companies, their past performances, demand and supply graph, production and consumption patterns, sales network, distribution channels, and growth opportunities in the market at length. The report scrutinizes the strategic approach of key market players towards expanding their product offerings and fortifying their market foothold.
Some major companies profiled in the global market report include Novozymes, Kerry, Inc., Chr. Hansen Holding A/S, Dupont De Nemours, Inc., Associate British Foods Plc, Specialty Enzymes & Probiotics., AST Enzymes, Sanofi, Amano Enzyme, Amgen Inc., Roche Holding, Codexis, Dyadic International, Thermo Fisher Scientific, Biocatalysts, and Merck KGaA
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Regional Analysis:
This section of the report offers valuable insights into the geographical segmentation of the Specialty Enzymes market, alongside estimating the current and future market valuations based on the demand-supply dynamics and pricing structure of the leading regional segments. Furthermore, the growth prospects of each segment and sub-segment have been meticulously described in the report.
The report classifies the global Specialty Enzymes market into various regions, including:
North America (U.S., Canada)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Middle East & Africa (Saudi Arabia, the U.A.E., South Africa, Rest of MEA)
Radical Highlights of the Specialty Enzymes Market Report:
Comprehensive overview of the Specialty Enzymes market along with analysis of the changing dynamics of the market
Growth Assessment of various market segments throughout the forecast period
Regional and global analysis of the market players, including their market share and global position
Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
Impact of the technological developments and R&D advancements on the Specialty Enzymes market
Information about profit-making strategies and developmental strategies of major companies and manufacturers
Insightful information for the new entrants willing to enter the market
Details and insights about business expansion strategies, product launches, and other collaborations
The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
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