Carbohydrase Market Research Report: by Type (Amylases, Cellulases, Pectinase, Lactase and others), Source (Microorganisms, Plants and Animals), Application (Food & Beverage, Animal Feed, Pharmaceuticals and others) and Region – Forecast till 2023
Pune, India -- (SBWIRE) -- 07/13/2018 -- Market Overview:
Carbohydrase is an enzyme used for the breakdown of complex sugars into simpler or shorter monomer sugar units. It helps to convert starch syrup, which is relatively cheap to sugar syrups such as fructose syrup, glucose syrup and inverted sugar syrup which are more valuable. Moreover, they are used in animal feed as they increase the energy utilization and livestock performance. The major types of carbohydrase include amylases, cellulases, pectinase, lactase, and others.
North America is dominating the market and is expected to have a substantial growth over the forecast period 2017-2023. In North America, the U.S. is the major contributor to carbohydrase market. Changing lifestyle and high inclination towards processed foods is driving the growth of the carbohydrase market. Moreover, increasing population suffering from lactose intolerance in the U.S. is driving the growth of carbohydrase in this region
In North America, growing market for food and beverages is further boosting the growth of the carbohydrase market. Moreover, continuous innovation and technological advancement in the enzymes engineering sector is supporting the growth of the market. However, high production cost may hamper the growth of carbohydrase market. Nevertheless, all these factors will lead to the growth of North America market at a CAGR of 4.9% during the forecast period, 2017-2023.
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Major Key Players:
This report includes a study of strategies such as mergers, acquisitions, and product launches by the major carbohydrase market players. It further includes product portfolios, developments of leading players, which includes
Some of the key players profiled in the global Carbohydrase market: DuPont (U.S.), Royal DSM (The Netherlands), Novozymes (Denmark), Amano Enzyme Inc. (China), AB Enzymes Gmbh (Germany), Advanced Enzymes (India), Specialty Enzymes (China)
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 bakery, dairy, and beverage industry. However, the animal feed segment is witnessed to gain a substantial growth over the forecast period.
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Carbohydrase is anticipated to have potential application in poultry feed over the coming years
In dairy industry, lactase is gaining high popularity among the types of carbohydrase