Growing Demand of Sports Drinks Among People and Increasing the Advantages and Innovation in Technology Are Likely to Aid in the Growth of the Carbohydrase Market.
Carbohydrase Market size is estimated to reach $3,700 million by 2026, growing at a CAGR of 6.1% over 2021-2026. Carbohydrase is classified as digestive enzymes that help to increase the process of digestion. Carbohydrase also support in developing various types of syrups like inverted sugar syrups, glucose syrup, and fructose syrup. Pectinase are a type of carbohydrase that are needful for fungi that feed on plants. Carbohydrase are created in salivary glands and small intestine that are breaking down into polysaccharides as the enzymes of carbohydrase break starch into sugar. Amylases is another type of carbohydrase that helps in digestion process and also helps in reducing diabetes. The growing demand of sports drinks among people and increasing the advantages and innovation in technology is the major factor driving the growth of this market. Furthermore, increasing research and development activities in food and beverage and pharmaceutical industry and rising government initiatives is set to further enhance the overall market demand for Carbohydrase Market for the period 2021-2026.—
Carbohydrase Segment Analysis – By Type
The global Carbohydrase Market based on Fruit Type can be further segmented into Amylases, Cellulases, Pectinases, Lactase, and Others. The Amylases segment is the major segment generating revenue in 2020. This is mainly owing to the increased capacity of plant and also support in increasing product yields. Moreover, it causes easy digestion and absorption and also polluting less that increases the demand of various amylases and pectinases and are rising the market growth. The Cellulases segment is estimated to register the fastest CAGR of 1.05% for the period 2021-2026. This is mainly owing to cellulose is useful in diet for fiber as it is a type of polysaccharides fiber in plant that increases the demand of carbohydrase and are increasing the growth of this segment.
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Carbohydrase Segment Analysis – By Application
The global Carbohydrase Market based on Application can be further segmented into Food and Beverage, Animal Feed, Pharmaceutical, Others. The Food and Beverage segment registers for the highest Carbohydrase market share in 2020. This is owing to rising popularity of bakery and confectionery products increaseing the use of carbohydrase and rising consumption of sports drinks which are rising the growth of this market. The pharmaceutical segment is forecasted to register the fastest CAGR of 2% over 2021-2026. This is mainly owing to diabetes treatment and obesity that increases the demand of carbohydrate, as it is created in salivary glands that are breaking into polysaccharides increasing the growth of this market.
Carbohydrase Segment Analysis – By Geography
North America dominated the Carbohydrase Market with major share of 40% in 2020. This is owing to increasing accessibility of various number of food and beverage manufacturers, rising research and advancement in technology and rising initiatives by the government. Various manufacturers in North America are offering carbohydrase products that are used in various industries such as food and beverages and pharmaceuticals that helps to increase the growth of this market. However, Asia Pacific is estimated to outpace all the regions by clocking the highest CAGR of 3.05% during the forecast period 2021-2026 owing to rising research and development activities and increasing development in food and beverage industry.
Carbohydrase Market Drivers
Increasing Demand for Sports Drinks
Increasing population in athletics increases the demand for sports drinks that increases the demand of carbohydrase and rising the growth of the Market. According to the National Collegiate Athletic Association (NCAA), in 2019 the number of people in athlete is increasing that are increasing the growth of the Carbohydrase Market over 2021-2026.
Advancement in Technology
Growing advancement of technology in the field of enzymes that increases the growth of this Market. Moreover, various enzyme engineering such as Genetic Engineering are adopting by various manufacturers that are also increasing the growth of Carbohydrase Market over 2021-2026.
COVID-19 pandemic had greatly impacted the growth of Carbohydrase Market. During pandemic, there is disruption in supply chain that reduced the supply and causes disruption in various industries such as food and beverage and are negatively impacted the growth of this market.
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Carbohydrase Market Challenges
High Cost of Production
The factors that is set to impede the growth of the Carbohydrase Market are the increasing cost of production and limitation in technology is set to create hurdles for the Carbohydrase Market.
Carbohydrase Market Landscape
Product launches, acquisitions, collaboration, joint ventures, and geographical expansions are key strategies adopted by players in the Carbohydrase Market. Carbohydrase top 10 companies are Amano Enzyme Inc., AB Enzymes, Advanced Enzyme Technologies, Koninklijke DSM N.V., DuPont, Merck KGaA, BIO-CAT, Biolaxi Corporation, BIOGENIX INC. PVT. LTD., and Aumgene Biosciences.
In November 2019, DSM launched new maltogenic amylase, the latest additions to its BakeZyme portfolio that are used in high-quality baked goods.
Geographically, in 2020, North America dominated the Carbohydrase Market owing to increasing accessibility of a various number of food and beverage manufacturers, rising research and advancement in technology and rising initiatives by the government.
Growing demand of sports drinks among people and increasing the advantages and innovation in technology are likely to aid in the market growth of the Carbohydrase.
Detailed analysis of the Strength, Weakness, and Opportunities of the prominent manufacturers operating in the market will be provided in the Carbohydrase Market report.
High cost of production of enzymes and limitations in technology is set to create hurdles for the Carbohydrase Market.
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