Market Overview:
Carbohydrase is gaining popularity globally with increasing application in various industries. Carbohydrase is an enzyme that attacks carbohydrates and helps in breaking down the complex sugars into shorter monomer sugar units which are easy to digest. They help in producing various syrups such as fructose syrup, glucose syrup, and inverted sugar syrup. Moreover, they are used in animal feed to improve the digestibility of carbohydrates in the feed. They increase energy utilization among the livestock and improve their performance. The major types of carbohydrase include amylases, cellulases, pectinase, lactase, and others.
The global carbohydrase market share in the foods and beverages industry is escalated by the rising demand for bakery products in the developed countries. Carbohydrase is found to have wide application in the bakery, dairy, brewing, animal feed and pharmaceutical industry.
The rise in a number of working population and inclination towards the quality of the processed foods is boosting the growth of carbohydrase market. Rising demand for sports drinks is also contributing to the growth of carbohydrase market. Application of carbohydrase in the production of cyclodextrins for the pharmaceutical industry is propelling the growth of the market. However, the high cost of production may restrict the growth of the market. Nevertheless, all these factors are anticipated to drive the global carbohydrase market at a CAGR of 4.6% over the forecast period.
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Competitive Analysis:
The major players in the Carbohydrase Market,
- Amano Enzyme Inc. (China)
- Advanced Enzymes (India)
- Specialty Enzymes (China)
- DuPont (U.S.)
- Royal DSM (The Netherlands)
- Novozymes (Denmark)
- AB Enzymes Gmbh (Germany)
Downstream Analysis:
The global carbohydrase market is segmented into type, source, and application.
On the basis of the type, the carbohydrase market is segmented into amylases, cellulases, pectinase, lactase, and others. Among them, the amylases is the most frequently used carbohydrates followed by the cellulases. However, the lactase is estimated to be the fastest growing segment based on the growing demand for lactose-free products.
Based on the source, carbohydrates market is segmented into microorganisms, plants, and animals. Among them, the microorganism segment is anticipated to be dominating the market followed by the animal segment.
On the basis of the application, the carbohydrase market is segmented into food & beverages, animal feed, pharmaceuticals, and others. Among all, the food & beverage segment is dominating the market owing to the increasing application of carbohydrase in the bakery, dairy, and beverage industry. However, the animal feed segment is witnessed to gain a substantial growth over the forecast period.
Regional Analysis:
The global Carbohydrase market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). North America is dominating the market followed by Europe. In the U.S. high preference for bakery products is influencing the growth of carbohydrase in North America. Moreover, in Europe growing inclination towards processed foods is boosting the growth of carbohydrase in this region.
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Asia Pacific is witnessed to be the fastest growing region for the carbohydrase market in which emerging markets of India and China are the major contributors. Rapid innovation and technological advancement will boost the growth of carbohydrase in rest of the world.
Market Segmentation:
Carbohydrase market is segmented on the basis of type, source, application, and region.
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