The carbohydrases global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Carbohydrases Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The carbohydrases market size hasgrown strongly in recent years. It will grow from $3.30 billion in 2023 to $3.60 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to increased demand for processed and convenience foods, high awareness of health and nutrition, rise in consumer preference for enzyme-enhanced products, high demand for functional foods, and the increased livestock industry.
The carbohydrases market size is expected to see strong growth in the next few years. It will grow to $5.12 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to the growing population, rising prevalence of lactose intolerance, growing demand for animal feed, rising food and beverage industry, and growth of the brewing industry. Major trends in the forecast period include the development of medications and treatments, clean labels and natural products, innovations in enzyme technology, adoption in biofuel production, screening and computational biology in enzyme development, innovation in biofuels, advancements in industrial biotechnology, and agricultural developments.
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Scope Of Carbohydrases Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Carbohydrases Market Overview Market Drivers –
The expanding food and beverage industry is expected to propel the growth of the carbohydrases market going forward. The food and beverage industry encompasses businesses involved in producing, processing, distributing, and selling edible goods and drinks for consumption. The expansion of the food and beverage industry is due to growing consumer demand for diverse and convenient food options, driving innovation and investment in production, distribution, and marketing. The food and beverage industry utilizes carbohydrates as essential ingredients for texture, flavor, and energy in various products, including bread, pasta, beverages, and confectionery items. For instance, in October 2023, according to the Agriculture and Agri-Food Canada (AAFC), a department of the Government of Canada responsible for the federal regulation of agriculture, with sales of manufactured goods valued at $156.5 billion in 2022, the food and beverage processing sector was Canada’s largest manufacturing sector in terms of production value. Further, in 2022, processed food and beverage exports reached a record $54.3 billion, a 14.1% rise from 2021. Therefore, expanding the food and beverage industry is driving the carbohydrases market.
Market Trends –
Major companies operating in the carbohydrases market are focused on developing innovative products, such as enzymatic digestibility enhancers, to improve the digestion and absorption of carbohydrates in animal feed. An enzymatic digestibility enhancer is a feed additive designed to enhance the digestion and absorption of carbohydrates in animal feed. These products are used in livestock nutrition to break down complex carbohydrates into more straightforward, more absorbable sugars, thereby enhancing feed utilization efficiency and supporting better animal growth and health. For instance, in September 2023, Huvepharma, a Bulgaria-based pharmaceutical company, launched Huvezym neXo, an enzymatic complex designed to enhance digestibility in monogastric species such as poultry and pigs. It is a combination of enzymes, including xylanase, cellulase, and xyloglucanase, which work together to break down complex fiber structures in the animal’s diet, leading to improved animal performance and health. It typically contains a blend of carbohydrases and other enzymes that help break down complex carbohydrates in animal feed, enhancing nutrient absorption and improving overall animal health and growth performance.
The carbohydrases market covered in this report is segmented –
1) By Type: Amylases, Cellulases, Pectinases, Lactase, Other Types
2) By Source: Animal, Plant, Microbial, Other Sources
3) By Distribution Channel: Online, Offline
4) By End-Use: Dairy, Baking And Confectionery, Pharmaceuticals, Animal Feed, Other End-Users
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Regional Insights –
North America was the largest region in the carbohydrases market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the carbohydrases market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the carbohydrases market are BASF SE, Merck KGaA, International Flavors & Fragrances Inc., Koninklijke DSM N.V., Kerry Group, Nagase & Co Ltd, Novozymes A/S, Kemin Industries Inc, Amano Enzyme, Advanced Enzyme Technologies, AB Enzymes, BIO-CAT Inc., Tex Biosciences, Enzyme Development Corporation, Aumgene Biosciences, Jinan Bestzyme Bio-Engineering, Lumis Biotech, Antozyme Biotech, Shandong Longda Bio-Products, Sunson Industry Group
Table of Contents
1. Executive Summary
2. Carbohydrases Market Report Structure
3. Carbohydrases Market Trends And Strategies
4. Carbohydrases Market – Macro Economic Scenario
5. Carbohydrases Market Size And Growth
…..
27. Carbohydrases Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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