, March 26, 2018 ) The Carbohydrase Market
is showing potential for growth majorly due to the increasing interest by pharmaceutical companies leading to higher investments by significant market players. Carbohydrase is basically a type of enzyme and is a required raw material which is used in a huge array of industries ranging from food and beverages to textile and leather. An environmental factor driving the market includes the reduction of greenhouse gases by the application of carbohydrase as it decreases the wastage of other raw materials required.
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Market Underlying Factors
The Global Carbohydrase Market was valued USD 3.11 billion in 2016 and predicted to be growing at an annual growth rate of 6.75% to touch USD 4.31 billion by 2021. The increasing use of Carbohydrase is based on the interest displayed by the pharmaceutical industries and the huge demand from the developing regions of the Asia-Pacific.
The innovative advancements in the field of agro-tech as a result of interest by the key players in the industry is also a major driving force of the market. Some factors such as the temperature and high costs of production are acting as restraints on the growth of the market, which are expected to be overcome by the rising investments and R&D by pharmaceutical companies.
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North America dominates the Global Carbohydrase market with a market share of more than 45 percent of the global market. Government policies in this region are also quite supportive aiding in the growth of the market by encouraging participation of pharmaceutical companies. North America is a seasoned market and is followed by the regions of Europe and the Asia Pacific. Asia-Pacific is expected to be the fastest growing region of the
world in carbohydrase due to rapid adaption and development in this field.
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The major market contributors for the Global Carbohydrase market are Amano Enzyme Inc., AB Enzymes Gmbh, Dyadic International, Inc., Novozymes, Royal DSM, Advanced Enzymes, CHR. Hansen Holding A/S, Specialty Enzymes, Verenium, E.I. Dupont De Nemours & Co.
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