Press release
Coenzyme A Market 2021-2026 Outlook and Growth Factors | Avanti, BASF, DSM, Lee BioSolutions, Merck
Coenzyme A
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Pandemic impact on the Global Coenzyme A Market:
The declining prices, supply-demand gap, and COVID-19 pandemic impact had severe impact on the Coenzyme A market. Due to the COVID-19 pandemic, the demand for Coenzyme A has been increasing due to rise in the healthcare throughput, suspension of manufacturing activities, disruption of supply chain, and postponement of the expansion projects across the globe. However, during pandemic period, the growing demand from the food & beverage, and pharmaceutical industries supports to offset the marginal decline in demand caused due to slowdown in the manufacturing sector across the globe.
Global Coenzyme A Market Dynamics:
Coenzyme A is a coenzyme, notable for its role in the synthesis and oxidation of fatty acids, and the oxidation of pyruvate in the citric acid cycle. All genomes sequenced to date encode enzymes that use coenzyme A as a substrate, and around 4% of cellular enzymes use it as a substrate.
The report shows market effect factors analysis that precisely emphasizes technology progress/risk, consumer needs/customer preference changes, technology progress in a related industry that draws the growth factors of the market. The evident quantitative as well as qualitative insights about the Global Coenzyme A market are covered in the report along with forecast analysis of all the Global Coenzyme A market that expected to modify the market in the future are described in detail. The segmental analysis also highlights details about different aspects that will influence the market.
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Coenzyme A Market Players:
Avanti Polar Lipids, Inc.,
BASF
Cayman Chemical
Creative Enzymes
DSM
Lee BioSolutions, Inc.
Merck KGaA
PerkinElmer, Inc.
SigmaAldrich
Thermo Fisher Scientific, Inc.
Product Type Segmentation:
Lithium Salt
Sodium Salt
Free Acid
Others
Industry Segmentation:
Biotechnology Research
Dietary Supplement
Therapeutic
Others
Segmentation by Regions:
On the basis of Regional analysis, North America and Europe holds major share in global Coenzyme A market. Moreover, Asia-Pacific is expected to record higher growth rate in Coenzyme A Market during the forecast year.
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Top Industry News:
BASF strengthens its position in bio-surfactants for Personal Care, Home Care and Industrial Formulators with two distinct partnerships on 10 March, 2021 -- BASF has recently signed two distinct partnerships agreements to expand its global leading position in the bio-based surfactants and actives market. The strategic alliance with ACS includes an equity stake and makes BASF the single largest shareholder. It further entails an exclusive technology cooperation, commercial agreement and product development for sophorolipids, one class of glycolipids, to address the ever-increasing needs of consumers for sustainable, natural and bio-degradable ingredients and actives. The partners have agreed not to disclose financial details regarding the investment.
Through the strategic technology agreement with Holiferm, a UK-based start-up company, BASF establishes an exclusive cooperation to focus on developing and manufacturing sustainable, non-fossil based, fermentation-derived ingredients for other classes of glycolipids with potential for application in Home Care, Industrial Formulators and Personal Care products.
“We see strong business potential in these partnerships,” said Ralph Schweens, President, Care Chemicals, BASF. “While BASF already has solid innovation and production capabilities for surfactants, we are always scouting for opportunities to work with partners well-rooted in technologies which add to our strength in order to expand our product portfolio with additional biobased products.”
Collaboration with ACS to meet increasing consumer demands for safe and natural products: In collaboration with ACS, BASF developed a novel sophorolipid-based ingredient, produced via fermentation technology, and launched it in the Asian market under the brandname BioToLife™ in the second quarter of 2020. BioToLife™ has unique properties such as curbing the overgrowth of some harmful microbials and excellent cleansing, hence restoring an environment which supports the formation of a balanced micro-ecosystem in skin, scalp or oral care application. While the first product is already available, ACS and BASF will deepen the collaboration with the focus to develop a range of formulations based on sophorolipids with targeted performance.
“Biotechnology has been an established field in many industries for decades. More recently, it is also being used to develop Personal Care ingredients, predominantly active ingredients with high efficacy. ACS looks forward to a fruitful relationship with BASF,” said Yosuke Yamagata, CEO at ACS.
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