Market Dynamics
Global Covid-19 Analysis on Carbohydrase Market to generate revenue of USD 5.4 billion with a CAGR of approximately 6.5% from 2020 to 2024 (forecast period). The report provides an overview of the latest scenario, the economic situations, and COVID-19 analysis on the overall industry.
Enzymes are an important part of the human digestive system as they help to break down large and insoluble food components into small soluble molecules. Such small soluble molecules can be quickly and efficiently absorbed by the human digestive system. Such digestive enzymes can be known as carbohydrase, lipase, and protease. Protease allows protein molecules to be broken down and thus enhances protein digestion. Similarly, lipase accelerates the digestion of heavy molecules by breaking them down into smaller lipids. Furthermore, carbohydrase breaks down carbohydrates into simple sugar to fasten digestion. Generally, carbohydrase is found in the pancreas, but usually, the process happens in the stomach. Carbohydrase helps produce a variety of syrups, such as inverted sugar syrups, glucose syrups, and fructose syrups. In addition, isomaltose and prebiotics are also produced with the help of carbohydrates. Carbohydrase is used in animal feed, pharmaceuticals, and food and beverages, among others.
The significant demand growth in carbohydrase can be driven by the development of the application industries such as pharmaceuticals, food & beverages, and animal feed. In addition, technical advances in enzyme engineering are also driving the business development of the global carbohydrase industry. Moreover, the expansion of market players in the Asian Pacific feed and pharmaceutical industries is yet another factor of the demand growth of carbohydrase.
However, the high cost of production of several enzymes and technical limitations are the major obstacles to the growth of the sector.
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Key Players
Some of the major participants in the Global Covid-19 Analysis on Carbohydrase Market are Novozymes (Denmark), DuPont (US), Royal DSM (Netherlands), Amano Enzyme Inc. (China), Specialty Enzymes (China), AB Enzymes Gmbh (Germany), Advanced Enzymes (India), BASF SE (Germany), Dyadic International, Inc. (US), and CHR. Hansen Holding A/S (Denmark).
Segmentation
Global Carbohydrase Market for has been segmented based on type, source, application, and region.
By type, the global market for carbohydrase has been classified as amylases, cellulases, pectinases, lactase, and others.
Based on source, the global market for carbohydrase has also been segregated into plant, animal, and microbial. Of these, both the microorganism and the animal are currently the main source of carbohydrase extraction. This is attributable to the fact that they contain large amounts of enzyme catalysts. Thus, reducing the burden on plants through various human activities that increase the use of animals and microorganisms for the extraction of carbohydrase.
Based on the application, the global Covid-19 Analysis on Carbohydrase Market for carbohydrase has been segregated into food & beverages, animal feed, pharmaceuticals, and others. The segment for food & beverage has been further divided into dairy & frozen desserts, baking & confectionery, beverages, and others.
Regionally, the global market for carbohydrase has been segmented into North America, Europe, the Asia Pacific, and the rest of the world.
North America led the global market for carbohydrase in 2020 due to the steady growth of the application industries in the region. Rapid growth for bakery items and beverages in the US is increasing the demand for carbohydrase in the regional market.
Europe held the second-highest market share of the global demand for carbohydrase, followed by markets in Latin America and the Asia Pacific.
The expansion of market players in the Asia Pacific is anticipated to bring the highest growth rate to the regional market over the forecast period. In addition, the growth of the livestock feed industry is also driving the growth of the Asia Pacific carbohydrase market.
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