Carbohydrase Market Overview:
Carbohydrase is a set of vital enzymes that help breakdown carbohydrates to create simple sugars which is vital in the process of producing glucose for energy. Also used to convert cheap starch syrup into valuable sugar syrup, carbohydrase has extensive applications in the FB industry. Market Research Future (MRFR) has delved into the global carbohydrase market to determine its growth trajectory for the forecast period from 2020 to 2027. With applications in food beverage, animal feed, and pharmaceuticals among others, the market for carbohydrase is expected to expand steadily over the assessment period. Carbohydrase is witnessing high demand in the global market due to its increased application in sports drinks.
The global Carbohydrase Market Size is expected to garner a revenue of USD 5.4 billion by 2027, at a CAGR of approximately 6.5% during the forecast period of 2020-2027.
The increasing health consciousness among consumers has given rise to more and more people taking up activities to stay healthy. As a result, the demand and sales of sports drinks have risen steadily, thus driving the demand for carbohydrase in such beverages. Applications for carbohydrase across various end-use industries are expanding rapidly. In the FB sector dairy, bakery and alcohol manufacturers are witnessing an increased use of carbohydrase for production purposes, thus driving the market. With a rising incidence of lactose intolerance among the global population, widespread urbanization and a general increase in buying power among emerging economies, carbohydrase has been witnessing a sharp increase in demand. Notably, the animal feed application also looks highly promising over the forecast period. Use of carbohydrase in feed, reduces cost while increasing the performance of the livestock, thus driving the market and creating new opportunities.
Regional Analysis:
The global carbohydrase market has been segmented by region into Europe, Asia Pacific, North America, and the Rest of the World. The North American market, primarily due to the presence of Canada and the U.S, has emerged as the regional market with the most dominant share of the global carbohydrase market. North America is followed by Europe and both regions have similar growth trajectories. With the presence of several developed economies in these regions, the urban areas are fairly pronounced and the key demographic in North America and Europe have busy lifestyles and largely carbohydrate- heavy diets. Bakery products are highly popular for quick convenient meal options on the go. The high demand for bakery items in North America and the expansion of pharmaceuticals in Europe are some key drivers of growth for the carbohydrase market. In Europe, the market is led by France, Germany and the UK as they are the most recognized contributors to market growth. Meanwhile, the Asia Pacific is growing at the most rapid pace and is expected to be a key region in the coming years. The presence of emerging economies in the region is driving the demand for carbohydrase as urban areas expand, and consumer preferences start to shift. The expansion of carbohydrase applications in the region animal feed sector, FB sector, and pharmaceuticals sector will be vital in the APAC market growth over the upcoming assessment period.
Segmentation:
MRFR has segmented the global Carbohydrase Market Overview on the basis of type, source, application, and region. Type has been segmented into cellulases, amylases, pectinase, lactase, and others. Among these, the amylases segment is the most commonly used carbohydrase, followed by cellulase. Notably, the lactase segment is on track to be the fastest growing carbohydrase type over the assessment period. Source has been segmented to include plants, animals, and microorganisms. Among these, the microorganism’s segment is expected to lead growth for the market with the largest share with the animal segment being a close second. Applications of carbohydrase have been segmented into animal feed, pharmaceuticals, food beverages, and others. Among these, the food beverage segment has emerged as the largest application due to the high use of carbohydrase in baking, dairy, and beverage industries. The animal feed segment appears to be growing at a rapid rate and is slated to witness substantial growth over the assessment period.
Competitive Landscape:
Amano Enzyme Inc. (China), Specialty Enzymes (China), AB Enzymes Gmbh (Germany), Advanced Enzymes (India), Novozymes (Denmark), Royal DSM (The Netherlands), and DuPont (U.S.) are among the leading market players that MRFR has reviewed with regards to the competition present in the global carbohydrase market
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