Global Hydrolase Enzymes Market Growth Analysis 2024 – Forecast Market Size And Key Factors Driving Growth

Overview and Scope

Hydrolase enzymes are a type of enzyme that functions as a biochemical catalyst by breaking a chemical bond with water, causing a larger molecule to be divided into smaller molecules. It is commonly used as a biochemical for substrate breakdown, degradation of toxins, and synthesis of biopolymers.

Sizing and Forecast

The hydrolase enzymes market size has grown strongly in recent years. It will grow from $6.08 billion in 2023 to $6.54 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to advancements in biotechnology, rise in demand for sustainable solutions, research and development initiatives, industrial applications in food processing, expanding role in biofuel production..

The hydrolase enzymes market size is expected to see strong growth in the next few years. It will grow to $8.86 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to exploration in biofuel and bioenergy production, advancements in enzyme engineering, rise in industrial biotechnology, growing role in personal care products, expansion in bioremediation and waste management.. Major trends in the forecast period include microbial diversity exploration, application expansion in food industry, customization through protein engineering, focus on sustainable biocatalysis, biopharmaceuticals development..

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Segmentation & Regional Insights

The hydrolase enzymes market covered in this report is segmented –

1) By Product: Esterase, Glycosylases, Peptidases, Other Products
2) By Bond Type: Ester Bonds (Esterases), Sugars (DNA Glycosylases And Glycoside Hydrolase), Ether Bonds (Thioether And Trialkylsulfonium), Peptide Bonds (Peptidases), Carbon-Nitrogen Bonds (Other Than Peptide Bonds), Acid Anhydrides, Carbon-Carbon Bonds, Halide Bonds, Phosphorus-Nitrogen Bonds, Other Bond Types
3) By Application: Pharmaceutical, Food And Beverages, Laundry Detergents, Cosmetics, Textile, Pulp And Paper, Biofuel, Other Applications

North America was the largest region in the hydrolase enzymes market in 2023. Europe is expected to be the fastest-growing region in the hydrolase enzymes market report during the forecast period. The regions covered in the hydrolase enzymes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth

The rise in the prevalence of pancreatitis is expected to boost the growth of the hydrolase enzymes market going forward. Pancreatitis refers to inflammation of the pancreas glands that leads to severe abdominal pain. It’s usually temporary (acute) but can also be a life-long (chronic) condition. Prized hydrolase enzymes such as pancreatic lipase, amylase, and protease are used to treat malabsorption associated with pancreatic insufficiency resulting from cystic fibrosis and pancreatitis, where it catalyzes the reaction of triacylglycerol and water to produce diacylglycerol and a fatty acid anion and initiates the digestion of dietary fats and treats pancreatic exocrine insufficiency. For instance, in December 2022, according to UpToDate, Inc., a US-based subscription-based resource designed to provide physicians access to current clinical information, the annual incidence of acute pancreatitis in the US ranges from 4.9 to 35 per 100,000 populations due to increased rates of obesity and gallstones. Furthermore, in November 2021, according to Ada Health GmbH, a Germany-based health company, chronic pancreatitis causes around 86,000 hospital stays in the US each year. Therefore, rise in the prevalence of pancreatitis is driving the growth of the hydrolase enzymes market.

Key Industry Players

Major companies operating in the hydrolase enzymes market are launching new products to sustain their position in the market. For instance, in December 2021, BASF SE, a Germany-based chemicals company launched Natupulse TS. Natupulse TS is a non-starch polysaccharide (NSP) enzyme that contains mannanase, which degrades non-starch polysaccharides (NSP) such as mannans. Natupulse TS improves nutrient digestion and ensures a more sustainable production for animal feed. Natupulse TS is available in powder and liquid form, and both formulations deliver very good overall stability during storage, in premix, and under challenging conditions in the pelleting process.

The hydrolase enzymes market report table of contents includes:

1. Executive Summary

2. Hydrolase Enzymes Market Characteristics

3. Hydrolase Enzymes Market Trends And Strategies

4. Hydrolase Enzymes Market – Macro Economic Scenario

5. Global Hydrolase Enzymes Market Size and Growth

.

31. Global Hydrolase Enzymes Market Competitive Benchmarking

32. Global Hydrolase Enzymes Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Hydrolase Enzymes Market

34. Hydrolase Enzymes Market Future Outlook and Potential Analysis

35. Appendix

 

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