The specialty enzymes market is estimated to be valued at USD 4.4 billion in 2019 and is projected to reach USD 6.6 billion by 2025, recording a CAGR of 6.9% in terms of value. The growing concerns about the enzyme quality in pharmaceuticals & diagnostics and rise in demand for non-harmful biological catalysts are factors that are projected to drive the growth of the specialty enzymes market, globally.
By type, the polymerases & nucleases segment is projected to account for the largest share in the specialty enzymes market during the forecast period
The polymerases & nucleases segment is projected to dominate the market during the forecast period. Polymerases & nucleases are used in specialty applications, such as pharmaceuticals, research & biotechnology, diagnostics, and biocatalysts. Polymerases & nucleases have been grouped together as they both work on nucleic acid polymers such as ribonucleic acid (RNA) and deoxyribonucleic acid (DNA), and are commonly used in similar applications. These types of enzymes catalyze the synthesis of deoxyribonucleic acid (DNA) and ribonucleic acid (RNA) polymers, as they are essential for all nucleic acid processing, including replication, repair, recombination, and transcription.
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By application, the pharmaceuticals segment accounted for the largest market size in the specialty enzymes market during the forecast period
The demand for specialty enzymes is increasing significantly due to the increasing application of enzymes in the pharmaceutical industry. Specialty enzyme usage in the pharmaceutical industry is mainly for drug manufacture, disease diagnostics, or as therapy. Increasing incorporation of enzymes in therapies for diseases such as cancer, cardiovascular diseases, lysosomal storage disorders, and pain and inflammation management, among others, is a factor that fuels market demand.
North America is projected to account for the largest market share during the forecast period
In 2018, North America accounted for the largest market share in the specialty enzymes market. Technological advancements in this region have made enzymes available for a wide range of applications, and this segment is estimated to drive the growth of the market in the region. This region is projected to be the largest market due to the development of novel and superior performing products and global industrialization. The pharmaceutical industry in this region is also witnessing a rise in the usage of enzymes. The US is the dominant country, and the market in this region has reached its maturity. These factors are projected to contribute to the growth of the North American market.
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Key Market Players:
Key players in the global market include BASF (Germany), DuPont (US), Roche Holding (Switzerland), Novozymes (Denmark), DSM (Netherlands), Sanofi (France), and Codexis (US).
The Specialty Enzymes Market report focuses on global major leading market players providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information.
DBMR team is right there to help in the purchase decision by mapping information needs with a huge collection of reports.Specialty enzymes market is expected to gain market growth in the forecast period of 2020 to 2027.
Data bridge market research analysed the market to account to USD 5.89 billion by 2027 growing with the CAGR of 9.36% in the above-mentioned forecast period.Sample Report Is Ready Ask For Free At https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-specialty-enzymes-market Specialty enzymes are proteins that function as biocatalysts to promote processes and produce the desired effects in drug and diagnostic reactions.
Pharmaceutical products dependent on enzymes are used to cure chronic conditions including cancer and AIDS.
Global Specialty Enzymes Market Scope and Market Size: Global Specialty Enzymes Market, By Application (Pharmaceutical, Biotechnology R & D, Diagnostic, Bio-Catalyst) Source (Microorganisms, Plants, Animals) Type (Acylases, Hydratases, Humulin, Oxidase, Lyases, Restriction enzymes, Ligases, Polymerases, Lipases, Amylases, Proteases, Dehydrogenases, Glucouronidse, Others) Regions & Top Countries Data Covered in this Report are: Asia-Pacific (China, Southeast Asia, India, Japan, Korea, Western Asia), Europe (Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland), North America (United States, Canada, Mexico), Middle East & Africa (GCC, North Africa, South Africa) , South America (Brazil, Argentina, Columbia, Chile, Peru).Table Of Contents Is Available Here @ https://www.databridgemarketresearch.com/toc/?dbmr=global-specialty-enzymes-market Top Manufacturers Covered in the Report: The major players covered in specialty enzymes market report are Thermo Fisher Scientific Inc., BBI Solutions., NAGASE & CO., LTD., Advanced Enzyme Technologies., F. Hoffmann-La Roche Ltd, Sanofi, Codexis, Inc., Amano Enzyme Inc., BASF SE, Koninklijke DSM N.V., DuPont., AB Enzymes, Novozymes, Chr.
Hansen Holding A/S, The Soufflet Group, Shandong Longda Bio-Products Co., Ltd., Specialty Enzymes & Probiotics., Biovet Private Limited., Aum Enzymes, Ultra Bio-Logics Inc Huge data and information of Specialty Enzymes Market report has been collected from a multiple trustworthy sources such as journals, websites, white papers, annual reports of the companies, and mergers.
