The Global Carotenoids Market was worth USD 1.25 billion in 2016 and estimated to be growing at a CAGR of 3.84%, to reach USD 1.51 billion by 2021.
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According to the report “Carbohydrase Market by Source (Plants, Animals, Microorganisms), by Type (Amylases, Cellulases), by Application (Animal Feed, Pharmaceuticals, Food & Beverages, Others), and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)” published by Market Data Forecast, the Global Carbohydrase Market was worth USD 3.11 billion in 2016 and estimated to be growing at a CAGR of 6.75%, to reach USD 4.31 billion by 2021.
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The Carbohydrase market is showing evident potential in the mentioned forecasting period. The market continues to gain momentum with the rapid growth experienced by the pharmaceutical industry in recent years.
It has been gaining interest from a lot of companies in the industry.
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Carbohydrase is a kind of enzyme, with a large family of cellulase, amylase. Carbohydrase is an important raw material in various application in different industries like, food, beverages, animal feed, pharmaceuticals, leather, textile, and others.
One of the major purpose of carbohydrase in these industries is to reduce the greenhouse gas emission and avoid wastage of other raw materials.
The pharmaceutical industry has witnessed a significant growth lately, which has been a major factor in the favour of carbohydrase market. Other key factors, driving the growth include emerging applications of carbohydrase, increasing demand in Asia-Pacific, advancements in technology in enzyme engineering.
On the other hand, the market faces some restraints as well. These include high production costs, and temperature and pH in alpha-amylase activity.
These factors have been holding back the market from reaching its actual potential.
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The Global market for Carbohydrase is segmented on the basis of source, type and application. The market segmentation on the basis of source is done under animals, plants and microorganisms.
Based on type the market is segmented into amylase and cellulase. Further, the market is also segmented based on application into, animal feed, pharmaceuticals and food & beverages.
On the basis of geographical analysis, the global market is segmented under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The Carbohydrase market was dominated by North America, with the overall market share of over 48% globally.
North America was followed by Europe and Asia-Pacific. Asia Pacific is predicted to grow at a rapid pace while in the coming few years.
Some of the major companies dominating the market, by their products and services include Amano Enzyme Inc., Dyadic International, Inc., AB Enzymes Gmbh, Novozymes, Advanced Enzymes, Royal DSM, CHR. Hansen Holding A/S, Verenium, Specialty Enzymes, E.I.
Dupont De Nemours & Co.
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