What Is The Overview Of The Global Carbohydrases Market?
Carbohydrases refer to enzymes that catalyze the breakdown of carbohydrates into simpler sugars. They play a crucial role in various biological processes, such as digestion in animals and the metabolism of carbohydrates in plants and microorganisms. Carbohydrases improve processing efficiency, increase product yield, and support metabolic processes by converting complex carbohydrates into usable forms.
Carbohydrases Global Market Report 2024 provides data on the global carbohydrases market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The Carbohydrases market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
What Projections Can We Expect For The Size And Growth Rates Of The Global Carbohydrases Market?
The carbohydrases market has experienced robust growth, rising from $3.30 billion in 2023 to $3.60 billion in 2024 at a CAGR of 8.9%. Growth drivers include demand for processed foods, enzyme-enhanced products, functional foods, and the expansion of the livestock industry. The market is expected to reach $5.12 billion by 2028 at a CAGR of 9.2%, fueled by population growth, rising lactose intolerance cases, increased demand for animal feed, and growth in the brewing industry. Trends include clean-label products, biofuel adoption, enzyme technology innovations, and advances in industrial biotechnology.
What Are The Core Factors Supporting Growth In The Carbohydrases Market?
The expansion of the food and beverage industry is expected to drive the growth of the carbohydrases market. This industry, which includes the production, processing, and sale of edible goods, is expanding due to rising consumer demand for diverse and convenient food options. Carbohydrates are essential for texture, flavor, and energy in many food products. For example, in October 2023, Agriculture and Agri-Food Canada reported that the food and beverage processing sector was Canada’s largest manufacturing sector by production value in 2022, with sales valued at $156.5 billion and a 14.1% increase in processed food and beverage exports, reaching $54.3 billion. Thus, the growing food and beverage industry is boosting the carbohydrases market.
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What Are The Major Segments Within The Global Carbohydrases Market?
The carbohydrases market covered in this report is segmented –
1) By Type: Amylases, Cellulases, Pectinases, Lactase, Other Types
2) By Source: Animal, Plant, Microbial, Other Sources
3) By Distribution Channel: Online, Offline
4) By End-Use: Dairy, Baking And Confectionery, Pharmaceuticals, Animal Feed, Other End-Users
Which Trends Are Expected To Transform The Carbohydrases Market?
In the carbohydrases market, companies are innovating with enzymatic digestibility enhancers to improve carbohydrate digestion in animal feed. These additives break down complex carbohydrates into more digestible sugars, enhancing feed efficiency and animal health. For instance, in September 2023, Huvepharma, a Bulgarian pharmaceutical company, launched Huvezym neXo, an enzyme complex designed for monogastric animals like poultry and pigs. It includes a blend of xylanase, cellulase, and xyloglucanase to improve nutrient absorption and animal performance.
What Is The Fastest Growing Region In The Carbohydrases Market?
North America was the largest region in the carbohydrases market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the carbohydrases market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
