Specialty Enzymes Market Size to Reach USD 4,565 Million in 2030 | Advanced Tools to Optimize Pharmaceutical Production and Increasing R&D Funding for Pharma and Biotech Companies are Key Factors Driving Industry Demand, Says Emergen Research
VANCOUVER, BC, April 20, 2022 /PRNewswire/ -- The specialty enzymes market size reached USD 4,565 Million in 2021 and is expected to register a significantly rapid revenue CAGR during the forecast period, according to latest analysis by Emergen Research. Rise in demand for non-harmful biological catalysts in pharmaceuticals & diagnostics led to revenue growth of the market. Demand for specialty enzymes is increasing significantly due to increasing application of enzymes in the pharmaceutical industry.
Drivers:
Advancement of tools to optimize pharmaceutical production and quality concerns among people has increased usage of specialty enzymes. Healthcare and nutrition area of enzyme industry is growing at a much faster rate mainly led by discovery of newer applications such as obesity management, immunity development, cardiovascular health, anti-allergic applications, and others. Further, same enzymes can be used in other industries, thus expanding horizons of several big players. Factors such as multifunctional benefits of specialty enzymes across various applications and technological innovations to reduce consumption of chemical catalysts are contributing to revenue growth of specialty enzyme market.
Request Free Sample Copy (To Understand the Complete Structure of this Report [Summary + TOC]) @ https://www.emergenresearch.com/request-sample/519
Restraints:
Although specialty enzymes technologies are being carried out by several researchers, there is a glut in supply of skilled technicians in areas where technology is used in real-world applications. One of the challenges in this field is lack of manpower who are sufficiently trained to work with advanced gene expression technologies. Several tools and techniques used for enzymes production mostly its carried out by batch fermentation and laser extent for continuous process, it requires advanced practical knowledge so that tests could be conducted accurately.
Growth Projections:
Global specialty enzymes market is expected to register a CAGR of 7.0% over the forecast period and revenue is projected to increase from USD 4,565 Million in 2021 to USD 8,392.57 Million in 2030. Rise in demand for non-harmful biological catalysts in pharmaceuticals & diagnostics sector is driving revenue growth of the market.
COVID-19 Impact Analysis:
The COVID-19 pandemic is expected to have a positive impact on specialty enzymes market. In response to COVID-19, there has been a reorientation of medical priorities across healthcare institutions, with treatment for COVID-19 patients being the utmost priority. This had an impact on the market for specialty enzymes. Specialty enzymes provide an important platform for bridging the gap between auto injectors and in-clinic care.
Browse Full Report Description + Research Methodology + Table of Content + Infographics@ https://www.emergenresearch.com/industry-report/specialty-enzymes-market
Current Trends and Innovations:
Advancement in biotechnology allowed use of standardized products, through microbial enzymes production. Fungal amylase presents a medium thermos ability, performing in temperatures between 58°C and 78°C. Due to its characteristic, it is inactivated before complete starch gelatinization, then, its higher activity occurs on damaged starch. Baking industry started to demand for innovative solutions in order to improve benefits generated by the use of amylases.
Geographical Outlook:
North America specialty enzymes market revenue is expected to expand at a significantly robust CAGR over the forecast period due to technological advancements and development of novel and superior performing products in this region which made enzymes available for a wide range of applications.
Strategic Initiatives:
Major companies in the market report include Novozymes, Kerry, Inc., Chr. Hansen Holding A/S, Dupont De Nemours, Inc., Associate British Foods Plc, Specialty Enzymes & Probiotics., AST Enzymes, Sanofi, Amano Enzyme, Amgen Inc., Roche Holding, Codexis, Dyadic International, Thermo Fisher Scientific, Biocatalysts, and Merck KGaA.
- In August 2021, the U.S. Food and Drug Administration (FDA) approved Nexviazyme (avalglucosidase alfa-ngpt) for the treatment of patients of one year and older with late-onset Pompe disease, a progressive and debilitating muscle disorder that impairs a person's ability to move and breathe
Emergen Research is Offering Limited Time Discount (Grab a Copy at Discounted Price Now) @ https://www.emergenresearch.com/request-discount/519
Emergen Research has segmented global specialty enzymes on the basis of source, type, form, application, end-user, and region:
- Source Outlook (Revenue, USD Million; 2019–2030)
- Microorganisms
- Plants
- Animals
- Type Outlook (Revenue, USD Million; 2019–2030)
- Carbohydrases
- Amylases
- Cellulases
- Other
- Proteases
- Lipases
- Polymerases & Nucleases
- Other Enzymes
- Form Outlook (Revenue, USD Million; 2019–2030)
- Liquid
- Dry
- Application Outlook (Revenue, USD Million; 2019–2030)
- Diagnostic Applications
- Clinical
- Chemistry
- Immunoassay
- Molecular
- Diagnostics
- Other
- Diagnostic
- Applications
- Pharmaceutical Applications
- Infectious Diseases
- Oncology
- Diabetes
- Neurology
- Other
- Food & Beverages Applications
- Cosmetic Applications
- Other Applications
- End-user Outlook (Revenue, USD Million; 2019–2030)
- Pharmaceutical Industries
- Diagnostic Centers
- Food Industries
- Cosmetic Industries
- Other End-users
Custom Requirements can be requested for this Report [Customization Available] @ https://www.emergenresearch.com/request-for-customization/519
- Regional Outlook (Revenue, USD Million; 2019–2030)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- India
- China
- Japan
- South Korea
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- UAE
- Saudi Arabia
- Africa
- Rest of MEA
Looking to Purchase Reports in Bundle [Schedule a Call with An Analyst]@ https://www.emergenresearch.com/call-schedule/519
Read Latest Reports Published by Emergen Research:
Decentralized Finance Platforms Market Size, Share, Trends, By Component (Blockchain Technology, Decentralized Applications (dApps), Smart Contracts), By Application (Assets Tokenization, Compliance & Identity, Marketplaces & Liquidity), and By Region Forecast to 2028.
DNA Methylation Market, By Technology (Bisulfite DNA Modification, Others), By Application (DNA Sequencing, Others), By End-Use (Biotechnology Industry, Others), By Product (Enzymes, Reagents, Kits, Others), and By Region Forecast to 2030.
Orthopedics Diagnostic Devices Market Size, Share, Trends, By Product (X-ray Systems, Fluoroscopy, Doppler Ultrasound, Others), By Type (Standalone and Point of Care), By Age Group, By Application, By End User, and By Region Forecast to 2030.
Microbial Bioremediation Market, By Pollutants (Organic Pollutants and Inorganic Pollutants), By Organisms, By Type, By Technology, By Application, By End-use, and By Region Forecast to 2030.
Omega 3 PUFA Market By Type (Docosahexaenoic Acid[DHA], Eicosapentaenoic Acid [EPA], Alpha-Linolenic Acid [ALA] and others), By Source [Marine, Plant], By Application, and By Region Forecast to 2028.
Flexible Organic Light Emitting Diode Market By Technology (Passive-Matrix OLED (PMOLED), Active-Matrix OLED (AMOLED)), By Flexibility Type (Curved Display, Foldable Display), By Application, By End-use, and By Region Forecast to 2030.
Biobetters Market By Drug Class (Erythropoietin biobetters, Insulin Biobetters), By Application (Cancer, Diabetes, Renal, Neurodegenerative), By Route of Administration (Subcutaneous, Oral), By Distribution Channel, and By Region Forecast to 2030.
About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trend's existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: [email protected]
Visit for More Insights: https://www.emergenresearch.com/insights
Explore Our Custom Intelligence services | Growth Consulting Services
Press Release Available @ https://www.emergenresearch.com/press-release/global-specialty-enzymes-market
SOURCE Emergen Research
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article