Press release
Specialty Enzymes Market Key Players, Types, Applications and Growth Opportunities To 2030
The Business Research Company
The global specialty enzymes market is expected to grow from $3.79 billion in 2019 to $4.49 billion in 2020 at a growth rate of 18.46%. The growth is mainly due to the COVID-19 that has urged individuals to focus on health and strengthening the immune system and thus, increasing the demand for foods, supplements and drinks containing probiotics. The market is then expected to reach $5.35 billion in 2023 at a CAGR of 6.05%.
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The specialty enzymes market consists of sales of specialty enzymes which are proteins acting as biocatalysts to accelerate the rate of reactions. The revenue generated by the market involves the sales of specialty enzymes that include carbohydrases, proteases, lipases, among others in liquid or dry form, which are produced either from microorganisms, plants or animals.
Ethical and societal issues are factors that will slow down the market growth during the forecast period. The clashing public opinions on these issues will determine the acceptability of new industrial biotechnology products. In 2019, a published article stated that there are five societal and ethical themes concerning industrial biotechnology namely sustainability, naturalness, risk management, innovation trajectories and economic justice. Many critics state the factor affecting economic justice is that the applications of industrial biotechnology lead to the concentration of knowledge and power in the hands of a few companies.
Specialty Enzymes Market Segmentation:
By Type
1. Carbohydrases
2. Proteases
3. Lipases
4. Polymerases & Nucleases
5. Oxidase & Hydratases
6. Others
By Application
1. Pharmaceutical
2. Diagnostics
3. Research & Biotechnology
4. Food & Beverage
5. Animal Nutrition
6. Others
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Few Points From Table Of Content
1. Executive Summary
2. Specialty Enzymes Market Characteristics
3. Specialty Enzymes Market Size And Growth
4. Specialty Enzymes Market Segmentation
5. Specialty Enzymes Market Regional And Country Analysis
……
25. Specialty Enzymes Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Specialty Enzymes Market
27. Specialty Enzymes Market Trends And Strategies
28. Specialty Enzymes Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the specialty enzymes market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the specialty enzymes market are BASF SE, Novozymes A/S, Roche Holding AG, Codexis Inc., Specialty Enzymes & Probiotics, Advanced Enzyme Technologies Ltd., BBI Solutions, E. I. du Pont de Nemours and Company, Sanofi, Amano Enzyme, Inc.
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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