The global carbohydrase market is anticipated to witness growth over the forecast period. Carbohydrase finds wide range of applications in industrial processes and products, mainly in food industry. Its widespread use in food & beverage industry, pharmaceuticals industry, and animal feed industry is expected to drive the global market over the forecast period. Carbohydrase is a main ingredient in sports drinks.
Increasing sports drinks demand is expected to have a positive impact on the global carbohydrase market. Due to its cleansing property, carbohydrase is widely used in detergents. Increasing use of detergents in industrial and household application is anticipated to drive market in future. Potential application of carbohydrase inhibitors that are extracted from chestnuts to treat diabetes and obesity is expected to provide ample opportunities to market participants. Carbohydrase projects unstable pH and temperature levels. Such issues faced by the enzyme are expected to drive the demand for its potential substitutes which might pose challenges to the market. Carbohydrase is widely used as ingredients and processing aids in distinct industries such as food & beverage and pharmaceuticals. The two key variants of carbohydrase enzymes include cellulases and amylases. Cellulases are widely used to catalyze cellulolysis and amylases are used in catalytic hydrolysis of starch into sugars.
Asia Pacific region's food industry is one of the fastest growing and is expected to hold maximum market share in the global food & beverage market. This trend is expected to drive the Asia Pacific carbohydrase market over the forecast period. Protease and lipase are primarily used in dairy products. Increasing dairy consumption in China and India is expected to further augment the regional market growth. Growing demand for baked food in the U.S. is expected to drive market in North America. U.S. is a major pharmaceutical market. Rising demand for pharmaceuticals on account of growing geriatric population is expected to further drive the market. Growth of processed food industry is anticipated to drive carbohydrase demand in North America. Europe followed North America as the leading consumer of processed foods. This is expected to drive the European carbohydrase market.
Major players operating in carbohydrase market include Amano Enzyme Inc., Dyadic International Inc., AB Enzymes GmBH, Novozymes, Advanced Enzymes, Royal DSM, Chr.Hansen Holding A/S, Verenium, Specialty Enzymes, E.I.DuPont De Nemours & Co.
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Disruptions in chemical manufacturing activities due to the COVID-19 pandemic shall have a considerable influence on the growth patterns of enzymes and other catalysts. Key players across the value chain are also expected to realign their supply channels to cater to the demand for catalysts in specific areas of the chemical industry which are witnessing an unusual level of activity allied with pharmaceuticals and biotechnology. The report will account for Covid19 as a key market contributor.