What is Speciality Enzymes?
Specialty enzymes act as biocatalysts to accelerate several reactions. This specialty enzymes are creates desired results in pharmaceuticals and diagnostics reactions. They are widely used in the research activities. The demand for specialty enzymes is rising in disease diagnostics and food processing’s. In addition, this enzymes are able to provide texture and shelf life of products. Thus, several industries like food & beverages, pharmaceuticals demands for specialty enzymes. Many enzymes are also used precursors for many chemical reactions. Owing to their wide applicability, the demand for specialty enzymes has been increased.
The market study is broken down by Type (Amylases, Lipase, Proteases, Polymerase and Others), by Application (Food & Beverages, Pharmaceuticals, Research Laboratories, Diagnostics Centres and Others) and major geographies with country level break-up.
Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Kerry Group plc (Ireland), DSM (Netherlands), Chr. Hansen Holding A/S (Denmark), DuPont (United States), Specialty Enzymes & Probiotics. (Canada), Breatec (Netherlands), Merck Group (Germany), BASF SE (Germany), SternEnzym GmbH & Co. (Germany), Novozymes (Denmark), AB Enzymes (Germany), Advanced Enzyme Technologies Limited and Codexis, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Amano Enzyme Inc. (Japan), Antozyme Biotech Pvt Ltd (India) and Enzyme India Pvt. Ltd. (India).
AdvanceMarketAnalytics has segmented the market of Global Speciality Enzymes market by Type, Application and Region.
On the basis of geography, the market of Speciality Enzymes has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Nature, the sub-segment i.e. Organic will boost the Speciality Enzymes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Category, the sub-segment i.e. Hydrolases will boost the Speciality Enzymes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form, the sub-segment i.e. Powder will boost the Speciality Enzymes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Plants will boost the Speciality Enzymes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In January 2021, Advanced Enzyme Technologies Limited has completed the acquisition of SciTech Specialities Private Limited (SSPL). Company has acquired controlling stake of 51% in SciTech Specialities Private Limited (SSPL). With this acquisition, company is able to expand its current portfolio.
In December 2019, Codexis, Inc. leading protein engineering company is agreed to provide a license agreement to Roche. Company has allowed agreement of Codexis’ EvoT4TM DNA ligase high-performance molecular diagnostic enzyme. This enzyme is expected to be incorporated into Roche’s next generation sequencing (NGS) library preparation kits and other sequencing products. This agreement grants Roche to include the EvoT4TM DNA ligase in its nucleic acid sequencing products and workflows.
- Growing Preference for Using Specialty Enzymes as Functional Agents in Food Processing’s
- Growing Industrial Expenditure of Food & Beverages, Pharmaceuticals
- Rising Demand for Biocatalyst in Chemical Reactions Diagnosis
- Increasing Awareness Regarding Maintaining Healthy Lifestyle
- Growing Technological Advancements has Created Ease in Food Processing’s has Created Growth Opportunities
- Increasing demand for Specialty Enzymes for Production of Milk based Alternatives
- Adverse Side Effects on Health owing to excessive Use of Enzymes may restrain its Demand
- Strengthen Government Regulations regarding Concentration of Enzymes
- Growing number of SMEs has Impacted on Industry Competitiveness
Key Target AudienceSpecialty Enzyme Manufacturers, Specialty Enzyme Suppliers/Distributors, Raw Material Suppliers, New Entrants/Investors, Strategic Business Planners, Governments and End Use Industry
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as Kerry Group plc (Ireland), DSM (Netherlands), Chr. Hansen Holding A/S (Denmark), DuPont (United States), Specialty Enzymes & Probiotics. (Canada), Breatec (Netherlands), Merck Group (Germany), BASF SE (Germany), SternEnzym GmbH & Co. (Germany), Novozymes (Denmark), AB Enzymes (Germany), Advanced Enzyme Technologies Limited and Codexis, Inc. (United States) etc.
2. What would be the Market Size of Speciality Enzymes Market by 2026?
Analysts at AMA estimates Speciality Enzymes Market to reach USDXXX by 2026.
3. Can we have customized study for Speciality Enzymes Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.