Global Carbohydrase Market Overview
Carbohydrase is a group of enzymes that aid in the breakdown of carbohydrates into simple sugars. The global carbohydrase market is expected to garner a revenue of USD 7.8 billion by 2027, at a CAGR of approximately 8.1% during the forecast period of 2020-2027. The significant market growth of carbohydrase can be attributed to the growth of application industries such as pharmaceutical, food & beverages, and animal feed. Additionally, technological advancement in enzyme engineering is also boosting the market growth of global carbohydrase market. Moreover, expansion of market players in the Asia-Pacific’s animal feed and pharmaceutical industries is yet another determinant catalyzing the market growth of carbohydrase. However, the major hurdles in the growth of the market are the high production cost of several enzymes and technological limitations. The global market is expected to emerge lucrative during the upcoming years due to continuous R&D, increasing enzymes application in biomass production and bio-refinery.
Market Segmentation
The global carbohydrase market has been segmented based on type, source, application, and region. By type, the global market has been classified as amylases, cellulases, pectinases, lactase, and others. The global market has also been segregated, on the basis of source, into plant, animal, and microbial. Based on application, the market has been segregated into food & beverages, animal feed, pharmaceuticals, and others. The food & beverages segment has been further segregated into dairy & frozen desserts, baking & confectionery, beverages, and others. The global market has been studied with regard to four key regions—North America, Europe, Asia-Pacific, and the rest of the world. The North American carbohydrase market has further been segmented into the US, Canada, and Mexico. The Europe carbohydrase market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe. The carbohydrase market in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The carbohydrase market in the rest of the world has been segmented into South America, the Middle East, and Africa.
Key Players
DuPont (US), Royal DSM (Netherlands), Novozymes (Denmark), Amano Enzyme Inc. (China), AB Enzymes Gmbh (Germany), Advanced Enzymes (India), Specialty Enzymes (China), Dyadic International, Inc. (US), CHR. Hansen Holding A/S (Denmark), and BASF SE (Germany) are some of the key players in the global carbohydrase market.
Regional Market Summary
Source: Secondary Source and MRFR Analysis North America dominated the global carbohydrase market in 2018 owing to the impressive growth of the application industries in the region. Surging demand for bakery products and beverages in the US is boosting the demand for carbohydrase in the regional market. However, expansion of market players in Asia-Pacific is expected to render highest growth rate to the regional market during the forecast period. Additionally, growth of animal feed industry is also driving the growth of Asia-Pacific carbohydrase market.
Global Market, by Type
- Amylases
- Cellulases
- Pectinases
- Lactase
- Others
Global Market, by Source
Global Market, by Application
- Food & Beverages
- Dairy & Frozen Desserts
- Baking & Confectionery
- Beverages
- Others
- Animal Feed
- Pharmaceuticals
- Others
Global Market, by Region
-
Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe
-
Asia-Pacific
- Japan
- China
- India
- Australia and New Zealand
- Rest of Asia-Pacific
-
Rest of the World (RoW)
- South America
- Middle East
- Africa
Intended Audience
- Food enzyme manufacturers
- Bakery industry
- Dairy industry
- Animal feed industry
- Livestock industry
- Pharmaceutical industry
- Traders, importers, and exporters
Carbohydrase Market Highlights:
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