About Speciality Enzymes
Specialty enzymes act as biocatalysts to accelerate several reactions. This specialty enzymes are creates desired results in pharmaceuticals and diagnostics reactions. They are widely used in the research activities. The demand for specialty enzymes is rising in disease diagnostics and food processing’s. In addition, this enzymes are able to provide texture and shelf life of products. Thus, several industries like food & beverages, pharmaceuticals demands for specialty enzymes. Many enzymes are also used precursors for many chemical reactions. Owing to their wide applicability, the demand for specialty enzymes has been increased.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.6% |
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing on production technologies, efficiency enhancement, and product life. This market has various growth opportunities that leading players capture via tracking the ongoing process enhancement and huge investment in market growth strategies. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Kerry Group plc (Ireland), DSM (Netherlands), Chr. Hansen Holding A/S (Denmark), DuPont (United States), Specialty Enzymes & Probiotics. (Canada), Breatec (Netherlands), Merck Group (Germany), BASF SE (Germany), SternEnzym GmbH & Co. (Germany), Novozymes (Denmark), AB Enzymes (Germany), Advanced Enzyme Technologies Limited and Codexis, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Amano Enzyme Inc. (Japan), Antozyme Biotech Pvt Ltd (India) and Enzyme India Pvt. Ltd. (India).
Segmentation Overview
AMA Research has segmented the market of Global Speciality Enzymes market by Type (Amylases, Lipase, Proteases, Polymerase and Others), Application (Food & Beverages, Pharmaceuticals, Research Laboratories, Diagnostics Centres and Others) and Region.
On the basis of geography, the market of Speciality Enzymes has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Nature, the sub-segment i.e. Organic will boost the Speciality Enzymes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Category, the sub-segment i.e. Hydrolases will boost the Speciality Enzymes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form, the sub-segment i.e. Powder will boost the Speciality Enzymes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Plants will boost the Speciality Enzymes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Preference for Using Specialty Enzymes as Functional Agents in Food Processing’s
Market Growth Drivers:
Growing Industrial Expenditure of Food & Beverages, Pharmaceuticals, Rising Demand for Biocatalyst in Chemical Reactions Diagnosis and Increasing Awareness Regarding Maintaining Healthy Lifestyle
Challenges:
Strengthen Government Regulations regarding Concentration of Enzymes and Growing number of SMEs has Impacted on Industry Competitiveness
Restraints:
Adverse Side Effects on Health owing to excessive Use of Enzymes may restrain its Demand
Opportunities:
Growing Technological Advancements has Created Ease in Food Processing’s has Created Growth Opportunities and Increasing demand for Specialty Enzymes for Production of Milk based Alternatives
Market Leaders and their expansionary development strategies
In January 2021, Advanced Enzyme Technologies Limited has completed the acquisition of SciTech Specialities Private Limited (SSPL). Company has acquired controlling stake of 51% in SciTech Specialities Private Limited (SSPL). With this acquisition, company is able to expand its current portfolio.
In April 2023, Specialty Enzymes & Probiotics launched Pepzyme Pro™, a dietary ingredient with powerful protease enzymes and a synbiotic suitable for vegans and vegetarians.
Key Target Audience
Specialty Enzyme Manufacturers, Specialty Enzyme Suppliers/Distributors, Raw Material Suppliers, New Entrants/Investors, Strategic Business Planners, Governments and End Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.