Hydrolase Enzymes Market to be Dominated by Pharmaceutical Segment Through 2028
Food and beverage processing, biofuels
production, and animal feed additives is expected to drive global hydrolase enzymes market in the forecast period 2024-2028
According to TechSci Research
report, “Hydrolase Enzymes Market
- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028”, Global Hydrolase Enzymes
Market is anticipated to upsurge at an impressive rate in the forecast period
of 2028 due to rising awareness of sustainable product. The key industries driving
the demand for hydrolase enzymes from the food & beverages, pharmaceutical,
and laundry detergents as dissolution of biopolymers such as starch, pectin,
cellulose, and protein.
The high production
costs, limited application scope, and regulatory constraints are key restraint
for the hydrolase enzymes market growth. The production of Hydrolase Enzymes
can be expensive, requiring specialized equipment and facilities. This can
limit the availability of enzymes and make them more expensive for end-users
that limit growth of the hydrolase enzymes market. Apart from these, Hydrolase Enzymes
are highly specific and may only be suitable for certain applications. This can
limit the market for these enzymes, particularly if there are already
established alternatives available. Global Hydrolase Enzymes market is still
relatively niche, and many end-users may not be aware of the benefits of using
enzymes in their production processes. This can limit demand for enzymes and
make it more difficult for companies to market and sell their products. Hence,
all these factors can further slowdown the hydrolase enzymes market growth.
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Hydrolase enzymes Market"
Global hydrolase enzymes market is segmented based on source,
method of production, application, and region.
Based on the source,
the market is categorized into microorganism,
animals, and plants. Microorganism source segment is expected
to hold the largest market share in the forecast period, 2024-2028 due to
several advantages such as simple, cost-effective, and reliable production it
has established it uses in different industries such food & beverages,
pharmaceutical and dominate the segment.
Based on the method
of production, the market is categorized into fermentation, and extraction. Biomass type segment is
expected to hold the largest market share in the forecast period, 2024-2028 due
to the several benefits such as higher extraction yield, higher quality of
extract, green extraction, capability for scaling-up the process, and reduced additional
extract filtration and purification process. Hence, the demand of extraction method
of production has highest market share compared to alternative.
Based on application, the market is fragmented into pharmaceutical, food & beverage, leather, and
hydrolase and other.
Owing to vast use of hydrolase enzymes in production of
product used for diagnosing diseases, promoting wound healing, and killing
disease-causing microorganisms, the demand of hydrolase enzymes market is
expected to rise largely from pharmaceutical sector.
Major
companies operating in the Global Hydrolase Enzymes market are:
- Novozymes A/S
- BESTZYME BIO-ENGINEERING CO., LTD.
- AB Enzymes GmbH
- BASF SE
- Royal DSM NV
- Kemin Industries, Inc.
- Advanced Enzyme Technologies Limited
- Epygen Labs FZ LLC
- Creative Enzymes
- Specialty Enzymes & Probiotics
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“Government
policies can have a significant impact on the Global Hydrolase Enzymes Market,
influencing both the demand for enzymes and the regulatory environment in which
they are produced and used. Recently, various key players have launched
different plant or product launches in the Hydrolase Enzymes market. As the
demand for sustainable and efficient production processes continues to grow
across various industries, we can expect to see further innovations and
launches in the field of hydrolase enzymes and creating huge prospects of
market growth during the forecast period,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based global management consulting
firm.
“Hydrolase Enzymes Market - Global Industry Size, Share, Trends,
Opportunity, and Forecast, 2018-2028, Segmented By Source (Micro Organism,
Animals, and Plants), By Method of Production (Fermentation, and Extraction), By
Application (Pharmaceutical, Food & Beverage, Leather, and Others), By
Region, and Competition, has evaluated the future
growth potential of global hydrolase enzymes market and provides statistics
& information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision-makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in the global hydrolase enzymes market.”
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