Global Specialty Enzymes Market research report published by Emergen Research describes in detail the vital aspects of the Specialty Enzymes market on a global and regional level.
This steady revenue growth can be attributed to increasing utilization of specialty enzymes in biotechnology and pharmaceutical industries, and for diagnostics, therapeutics, and research & development activities. Increasing demand for cost-effective therapeutics has been driving demand for specialty enzymes across pharmaceutical industries globally. Advancements in green chemistry supplements and increasing investment in the biotechnology sector are some of the key factors supporting growth of the global specialty enzymes market currently. Rising prevalence of digestive enzyme disorders among the growing global population is another factor contributing to steady and increasing growing demand for specialty enzymes from pharmaceutical industries.
The report offers a comprehensive assessment of recent technological developments, product advancements, current and emerging trends, key statistical data, forecast estimation, and major companies operating in the market. The report covers the impact of the pandemic on the Specialty Enzymes industry with a special focus on the affected key segments of the industry. According to our analysts, the market is expected to regain momentum in a post-COVID-19 scenario. The global Specialty Enzymes market is expected to reach USD 8.21 Billion in 2028 at a CAGR of 8.0% from its valuation of USD 4.45 Billion in 2020. The report also analyses key elements such as growth trends, concentration area, business expansion strategies, market reach, and other key features that offer companies insightful data to fortify their position in the Specialty Enzymes industry.
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Pharmaceutical industries are increasingly utilizing microorganisms such as fungi, bacteria, and actinomycetes to produce larger quantities of enzymes as these are more cost-effective. Advancements in molecular biology techniques have resulted in increasing utilization of microorganisms to produce high-quality enzymes for industrial applications.
The research study presents an industry-wide summary of the Specialty Enzymes market including drivers, constraints, technological advancements, product developments, limitations, growth strategies, growth prospects, etc. among others. The global Specialty Enzymes research report is an investigative study of the market that offers key statistical data with regards to market size, market share, revenue growth, and CAGR over the forecast period 2021-2028.
The research report offers in-depth insights into company profiles along with their production values, production capacity, product portfolio, strategic plans such as mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, government and corporate deals, among others. The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry.
Leading Players Profiled in the Report:
BASF SE, Novozymes A/S, Roche Holding AG, DuPont, Codexis, Dyadic International, Inc., Advanced Enzyme, Amano Enzyme, Sanofi, and Biocatalysts Ltd.
The report analyzes the market based on different categories such as product types, end-user applications, and leading geographical regions. It offers key insights into the factors that are expected to influence the growth of the segments and sub-segments.
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Key Highlights of Report
In September 2019, BASF SE entered into an agreement with Conagen, which is a research leader in the field of biotechnology. The partnership is expected to help BASF SE provide natural vanillin, which is an aroma ingredient with highest demand in the market.
Microorganisms segment accounted for largest market share of 2020. Low production costs of specialty enzymes, which are obtained from microbial sources, is contributing significantly to rising demand for microorganisms in the production of specialty enzymes.
Pharmaceutical segment revenue is expected to expand at a rapid CAGR of 8.3% during the forecast period. Increasing applications of specialty enzymes among pharmaceutical industries is expected to continue to support growth of the global specialty enzymes market during the forecast period.
Polymerases & nucleases segment accounted for a significantly high revenue share in the specialty enzymes market in 2020. Increasing usage of polymerases and nucleases enzymes in advanced biotechnology applications such as DNA amplification and DNA sequencing is expected to drive support revenue growth of the polymerases & nucleases enzymes segment during the forecast period.
ort studies the market in these regions on the basis of demand and trends, consumer behavior and preferences, government initiatives and regulatory framework, economic growth, technological developments, supply and demand, production and consumption patterns, import/export, and presence of key players in each region.
Key Regions Analyzed in the Report:
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Emergen Research has segmented the global specialty enzymes market on the basis of source, application, type, and region:
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