Global Specialty Enzymes Market 2024-2028
The specialty enzymes market is forecasted to grow by USD 1.74 bn during 2023-2028, accelerating at a CAGR of 6.71% during the forecast period. The report on the specialty enzymes market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing healthcare expenditure, novel applications of specialty enzymes in pharmaceutical segment, and increased production of biofuels.
Technavio's specialty enzymes market is segmented as below:
By Application
- Research and biotechnology
- Diagnostic
- Others
By Type
- Carbohydrases
- Proteases
- Catalase and others
By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
This study identifies the recent advances in enzyme technology as one of the prime reasons driving the specialty enzymes market growth during the next few years. Also, advances in protein engineering and directed evolution and growing adoption of enzymes for sustainability in industrial processes will lead to sizable demand in the market.
The report on the specialty enzymes market covers the following areas:
- Specialty enzymes market sizing
- Specialty enzymes market forecast
- Specialty enzymes market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading specialty enzymes market vendors that include Advanced Enzyme Technologies Ltd., Amano Enzyme Inc., Amicogen Co., Ltd., Antozyme Biotech Pvt. Ltd., Avantor Inc., BASF SE, BBI Solutions OEM Ltd., BRAIN Biotech AG, Chr Hansen Holding AS, Codexis Inc., Enzyme Development Corp., Enzyme Supplies Ltd., F. Hoffmann La Roche Ltd., International Flavors and Fragrances Inc., Kerry Group Plc, Koninklijke DSM NV, Maravai LifeSciences Holdings Inc., Nagase and Co. Ltd, Novozymes AS, Sanofi SA, and SternEnzym GmbH and Co. KG. Also, the specialty enzymes market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.