Carbohydrase Market Overview, Demand, Global Industry Share, COVID-19 Analysis and Growth 2023
Carbohydrase Market Overview:
Carbohydrase is useful for breaking complex sugars into simpler or
shorter monomer sugar units. A new report on the global carbohydrase market,
published by Market Research Future (MRFR), predicts that this market can see
growth during the forecast period (2017-2023).
The most crucial market driver for the global COVId-19 analysis on carbohydrase
market growth is its use in various
industries. Carbohydrase helps to convert the relatively cheap starch syrup
into valuable sugar syrup. The most commonly used carbohydrase is applicable in
various industries. Growing markets for alcohol, bakery products, and dairy
products are also aiding the growth in demand as well as market for
carbohydrase. Rising population suffering from lactose intolerance leads to
demand for lactase. Not only Carbohydrase can also reduce the feed cost for
livestock; it also improvises the livestock performance. However, the market
growth for carbohydrase might witness a downturn due to their inefficiency to
act at high pH values.
Carbohydrase Market Segmentation
The carbohydrase market segmentation encompasses
application, source, and type. MRFR’s research on the market highlights many
facets of the market in-depth.
The application-based segmentation of this market is covering
animal feed, food & beverages, pharmaceuticals, and others. Among these
segments, the food & beverage segment dominates the market due to the
increasing application of carbohydrase in bakery, beverage, and dairy industry.
However, the animal feed segment can grow substantially over the forecast
period. In animal feed, carbohydrase can improve the digestibility of
carbohydrates in it. The increasing use of carbohydrase in the
pharmaceutical industry can also propel the carbohydrase market growth.
Regarding source, the market has been segmented into animals,
microorganisms, and plants. Among these segments, the microorganism segment has
been anticipated to be the largest market segment, followed by the animal
segment.
By type, the carbohydrase market size has been
segmented into amylases, cellulases, lactase, pectinase, and others. The
amylases is the most frequently used carbohydrate among all segments, followed
by the cellulases. During the forecast period, the lactase can become the
fastest growing market segment by 2023 due to its rising demand from the dairy
industry. The increasing population suffering from lactose intolerance is
leading to the demand for lactase
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Carbohydrase Market Regional Segmentation
A geographical outlining of the global carbohydrase industry segments covers North America, Asia Pacific, Europe, and Rest
of the World (RoW).
North America is the most important regional market followed by
Europe. In North America, the market is growing as the majority population with
a tight schedule and busy work life prefers pocket sandwiches, rolls, and wraps
due to which the market for bakery products is increasing. Maximum revenue in
this region comes from the United States of America (USA), Canada, and Mexico.
In Europe, the market is strong mainly due to pharmaceutical
companies using carbohydrase widely for their production. France, Germany, and
the United Kingdom (UK) make maximum contribution to the market. Italy is
another important market in this region.
Asia Pacific region can be the fastest-growing regional market
with contribution from China and India, forming the lion's share in the market
revenue. Growing dairy industry in this region is the main reason for market
growth. Japan is another country in this region that can become a suitable
market.
The RoW segment covers the uncategorized countries in the world.
Among those countries, the most important markets are Argentina, Brazil, and
South Africa.
Carbohydrase Market Key Players
Big players in the global carbohydrase market are AB Enzymes Gmbh
(Germany), Advanced Enzymes (India), Amano Enzyme Inc. (China), DuPont (USA),
Novozymes (Denmark), Royal DSM (The Netherlands), and Specialty Enzymes
(China).
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NOTE: Our team of researchers are studying Covid19 and its impact
on various industry verticals and wherever required we will be considering
covid19 footprints for a better analysis of market and industries. Cordially
get in touch for more details.
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