Rising prevalence of chronic digestive disorders are propelling the growth for the Global Specialty Enzymes Market, says Fortune Business Insights in a report, titled “Specialty Enzymes Market Size, Share and Global Trend By Product Type (Proteases, Lipases, Nucleases, Polymerases), By Source (Plants, Animals, Microbes), By Application (Diagnostics, Biotechnology R&D, Food, Cosmetics, Others), By End-User (Pharmaceutical Industries, Biotechnological Companies, Diagnostic Clinics, Education & Research Institutes, Others), and Geography Forecast till 2026.” Increasing R&D activities for the development of new digestive enzymes are predicted to foster the growth of the global specialty enzymes market.
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Some of the major companies that are present in the global Specialty Enzymes market are
- Specialty Enzymes & Probiotics
- Aumgene Biosciences
- Amano Enzyme Inc
- Dyadic International Inc
- Biocatalysts Ltd
- Advanced Enzyme Technologies Ltd
- BBI Solutions
- AB Enzymes
- ArcticZymes Announces Ligase Enzyme
ArticZymes, a subsidiary of Biotec Pharmacon, launched its first ligase enzyme. T4 DNA ligase will be used for the development of products and kits helping the (IVD) In Vitro Diagnostic. The launch of the enzyme is likely to fuel demand among customers due to the high quality and commercial grade of ISO13485. The launch of T4 DNA is intended to expand the range of novel enzyme products and beyond. This factor is expected to boost the growth of the global Market. The launch of insulin-degrading enzymes by key players is also fostering the growth of the global specialty enzymes market. for instance, Creative Enzymes launched the insulin-degrading enzyme also referred to as insulin protease or insulysin for the researchers working in the life sciences industry. The aforementioned factors are positively impacting the global specialty enzymes market.
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Increasing Cases of Immunodeficiency to Contribute Growth
Specialty enzymes have a wide range of applications in biofuel, pharmaceuticals industry, food supplements, biotechnology and others. The specialty enzymes market to witness high demand due to increasing cases of chronic digestive disorders along with rising research & development activities for the advancement of new digestive enzymes. The escalating acquisitions among key players is a factor boosting the specialty enzymes market during the forecast period. For instance, BASF acquired 71% of the enzyme producing company Verenium, in an acquisition deal, resulting in the creation of one of the biggest enzymes companies, leading to greater availability of specialty enzymes. Increasing incidences of digestive disorders such as inflammations, indigestion and also immunodeficiency are also contributing majorly to the market. Moreover, new technological advancements in the specialty enzymes are also predicted to foster growth to the global market in the forthcoming year. Nonetheless, the high maintenance cost of specialty enzymes products along with rising safety regulations due to contamination are some of the factors restricting the growth of the global specialty enzymes market.
North America to Dominate the Global Market
Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America followed by Europe are expected to lead the global specialty enzymes market during the forecast period. The presence of biopharmaceutical companies in the region along with rising investment and acquisitions by leading companies in research and development for the introduction of potent specialty enzymes are some of the factors boosting the market in the region. Asia-Pacific is projected to grow at a high CAGR during the forecast period. The increasing demand for specialty enzymes in diagnosing diseases such as cancer, cardiovascular disease, and others, along with rising healthcare expenditure are factors driving the market in the region.
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