Carbohydrase MarketIncreasing Demand of Sports Drinks Owing to Rising Athlete Population in Developing Countries Coupled With Increasing Health Consciousness Among the People Are Some Factors Driving the Growth of Carbohydrase Market.
Carbohydrase Market size in 2020 is estimated to be $3.5 billion, growing at a CAGR of 6.1% during the forecast period 2021-2026. Carbohydrase is a digestive enzyme that breakdown carbohydrates through hydrolysis into simple sugar. It helps in faster digestion. Carbohydrases help in producing several types of syrups such as inverted sugar syrups, glucose syrup, and fructose syrup. It is widely used in food and beverage, animal feed, pharmaceutical and other industries. Increasing demand of sports drinks coupled with growing awareness about benefits of carbohydrase among the people are the major factors driving the growth of the market. Moreover, rising usage of detergent in industrial and household applications coupled with advancement in enzyme engineering further enhance the overall market demand for Carbohydrase during the forecast period 2021-2026.
Carbohydrase Market Segment Analysis - By Type
Based on the Type, Carbohydrase Market is segmented into Amylases, Cellulases, Pectinases, Lactase, Others. The Amylase segment dominates the market in 2020 owing to it is wide use in processed-food industry such as baking, brewing, preparation of digestive aids. The cellulose segment is forecast to be the fastest-growing segment and is projected to grow at a CAGR of 5.6% during the forecast period 2021-2026. This is mainly owing to it is increased use in detergent to soften the fabric by modifying the fabric's structure.
Carbohydrase Market Segment Analysis - By Application
Based on the Applications, Carbohydrase Market is segmented into Food & beverage, Pharmaceuticals, Animal Feed, others. In 2020, Food and beverage is projected to dominate the market. This is mainly owing to increasing demand for bakery and confectionary products. Moreover, it is widely used in sports drink also contributing to the dominance of this segment.
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Carbohydrase Market Segment Analysis - By Geography
North America dominated the Carbohydrase market share accounting for 41% of the market in 2020. This is mainly owing to presence of number of manufacturer in this region include PepsiCo, The Coca-Cola Company, BA sports Nutrition, MyDrink Beverages and others. Moreover, rising demand of beverages with health benefits have further contributed to this.
However, the Asia-Pacific region is projected to be the fastest-growing during the forecast period 2021-2026. This is owing to rising awareness among consumers about health benefits of carbohydrase and rising disposable income of the people.
Carbohydrase Market Drivers
Increasing Demand of Sports Drinks
Increasing demand of sports drinks owing to rising athlete population in developing countries coupled with increasing health consciousness among the people are some factors driving the growth of Carbohydrase market. According to the National Collegiate Athletic Association (NCAA), the number of athletes is increasing. Moreover, changing preference of the people towards health beverages is also set to drive the market growth.
Growing technological advancement
Growing technological advancement in enzyme engineering such as Genetic Engineering are some factors driving the growth of the market. As Recombinant DNA technology is focus on genetic modification of microorganisms to produce the desired enzyme under specific conditions. These enzyme are widely used in various industries such as food and beverage, pharmaceutical and others.
Carbohydrase Market Challenges
High production cost and inefficiency in terms of action at high pH is challenging the growth of the market
Moreover, outbreak of COVID-19 around the world has impacted all industries including food and beverage industry. Initially owing to lockdown product supply chain were disrupted. These affects supply chain of Carbohydrase market including sourcing strategies, distribution networks and others.
Carbohydrase Industry Outlook
Product launches, Merger & Acquisitions, joint ventures and R&D activities are key strategies adopted by players in the Carbohydrase Market. Carbohydrase top 10 companies are Amano Enzyme Inc., AB Enzymes, Advanced Enzyme Technologies, DSM, DuPont, Merck KGaA, BIO-CAT, Biolaxi Corporation, BIOGENIX INC. PVT. LTD., Aumgene Biosciences.
In November 2019, DSM, has launched new maltogenic amylase, the latest additions to its BakeZyme portfolio, BakeZyme Fresh XL and BakeZyme Master. The new product is used in high quality baked goods.
In July 2017, Advanced Enzyme Technologies Ltd. Has acquired German industrial biotech company Evoxx Technologies GmbH. This acquisition helps expand its enzyme portfolio and biocatalysis and food applications businesses.
In 2020, North America dominates the Carbohydrase Market owing to presence of large number of food and beverage manufacturer.
Growing technological advancement in enzyme engineering is driving the market growth of Carbohydrase.
Detailed analysis of the Strength, Weakness, and opportunities of the prominent players operating in the market will be provided in the Carbohydrase Market report.
High production cost and inefficiency in terms of action at high pH are challenging the growth of the market.
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