Specialty Enzymes - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Specialty Enzymes market is accounted for $4.11 billion in 2018 and is expected to reach $8.15 billion by 2027 growing at a CAGR of 7.9% during the forecast period. Some of the key factors propelling the market growth are increasing demand for non-harmful biological catalysts in pharmaceuticals and superior tools to optimize pharmaceutical production. However, huge costs involved for small & medium enterprises is the restraining factor for the growth of the market.
Specialty Enzymes are both proteins and biological catalysts (biocatalysts). Catalysts accelerate chemical reactions. The molecules upon which enzymes can act are recognized as substrates, and the enzyme converts the substrates into different molecules recognized as products. About all metabolic processes in the cell need enzyme catalysis in order to occur at rates fast sufficient to sustain life. Metabolic pathways depend upon enzymes to catalyze individual steps. The study of enzymes is recognized as enzymology and a new field of pseudoenzyme analysis has recently grown up, recognising that during evolution, some enzymes have missed the ability to carry out biological catalysis, which is often reflected in their amino acid sequences and unusual pseudocatalytic properties.
By application, pharmaceuticals segment is expected to grow at the significant market share during the forecast period due to the increasing application of enzymes in the pharmaceutical industry. Specialty enzyme procedure in the pharmaceutical industry is mainly for drug manufacture, disease diagnostics, or as therapy. Increasing incorporation of enzymes in therapies for diseases such as cancer, cardiovascular diseases, lysosomal storage disorders, and pain and inflammation management. On the basis of geography, North America is anticipated to hold considerable market share during the forecast period due to the technological advancements in this region have made enzymes available for a wide range of applications. The development of novel and superior performing products and global industrialization. The pharmaceutical industry in this region is also witnessing a rise in the usage of enzymes.
Some of the key players in Specialty Enzymes Market include BASF, Advanced Enzymes, Amano Enzyme, Amicogen, Antozyme Biotech, Bbi Solutions, Biocatalysts, Biovet, Codexis, Dyadic International, Enzyme Development Corporation, Enzyme Supplies, Merck Kgaa, Nagase & Co. Ltd, Novozymes, Roche Holding, Sanofi, Sekisui Diagnostics and Specialty Enzymes & Probiotics.
• Polymerases & nucleases
• Restriction Enzyme
Sales Channels Covered:
• Manufacturer/Distributor/Service Provider
• Animal Nutrition
• Digestive Enzymes
• Education and Research Institutes
• Enzyme Replacement Therapy
• Food & Beverage
• Research & Biotechnology
• Thrombolytic Enzymes
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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