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Specialty Enzymes Market 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), by North America (United States, Canada, Mexico, Rest of North America), by Middle East & Africa (UAE, South Africa, Saudi Arabia, Rest of MEA), by Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), by Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), by South America (Brazil, Argentina, Rest of South America) Forecast 2024-2032
The Specialty Enzymes Market size was valued at USD 1.5 billion in 2023 and is projected to reach USD 2.3 billion by 2032, exhibiting a CAGR of 6.9 % during the forecast period. Specialty enzymes can be described as special catalytic proteins containing digested items that have certain characteristics that make them suitable for special uses. They include proteolytic, lipolytic, carbohydrate, and nuclease enzymes. These enzymes are highly selective in their reactions, fast acting, and resistant to effects from different environments, such as high or low temperatures and pH. Some of the well-known biocatalysts are proteases which degrade proteins, lipases which hydrolyse lipids and carbohydrases which attack carbohydrates and nucleases which degrade nucleic acids. Its applications are in many sectors; food and beverages, use in the production of drugs, use in textile industries, and production of bioenergy. Specialty enzymes constitute the functional components of many essential processes such as digestion, production of drugs, softening of clothes through washing, and manipulation of genes among many others Because of their versatility, they have been useful in the enhancement of several biotechnological and industrial techniques.
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2022: Specialty Enzymes & Probiotics acquired Nature's Touch Probiotics to expand its probiotics portfolio.
2021: Merck KGaA launched a new enzyme for the production of biofuels.
2020: Aumgene Biosciences received approval for its enzyme for the treatment of cancer.
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 6.9% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 6.9% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
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During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
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