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.
Sizing and Forecast
The carbohydrases market size hasgrown strongly in recent years. It will grow from $3.30 billion in 2023 to $3.60 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to increased demand for processed and convenience foods, high awareness of health and nutrition, rise in consumer preference for enzyme-enhanced products, high demand for functional foods, and the increased livestock industry.
The carbohydrases market size is expected to see strong growth in the next few years. It will grow to $5.12 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to the growing population, rising prevalence of lactose intolerance, growing demand for animal feed, rising food and beverage industry, and growth of the brewing industry. Major trends in the forecast period include the development of medications and treatments, clean labels and natural products, innovations in enzyme technology, adoption in biofuel production, screening and computational biology in enzyme development, innovation in biofuels, advancements in industrial biotechnology, and agricultural developments.
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Segmentation & Regional Insights
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
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.
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Major Driver Impacting Market Growth
The expanding food and beverage industry is expected to propel the growth of the carbohydrases market going forward. The food and beverage industry encompasses businesses involved in producing, processing, distributing, and selling edible goods and drinks for consumption. The expansion of the food and beverage industry is due to growing consumer demand for diverse and convenient food options, driving innovation and investment in production, distribution, and marketing. The food and beverage industry utilizes carbohydrates as essential ingredients for texture, flavor, and energy in various products, including bread, pasta, beverages, and confectionery items. For instance, in October 2023, according to the Agriculture and Agri-Food Canada (AAFC), a department of the Government of Canada responsible for the federal regulation of agriculture, with sales of manufactured goods valued at $156.5 billion in 2022, the food and beverage processing sector was Canada’s largest manufacturing sector in terms of production value. Further, in 2022, processed food and beverage exports reached a record $54.3 billion, a 14.1% rise from 2021. Therefore, expanding the food and beverage industry is driving the carbohydrases market.
Key Industry Players
Major companies operating in the carbohydrases market are BASF SE, Merck KGaA, International Flavors & Fragrances Inc., Koninklijke DSM N.V., Kerry Group, Nagase & Co Ltd, Novozymes A/S, Kemin Industries Inc, Amano Enzyme, Advanced Enzyme Technologies, AB Enzymes, BIO-CAT Inc., Tex Biosciences, Enzyme Development Corporation, Aumgene Biosciences, Jinan Bestzyme Bio-Engineering, Lumis Biotech, Antozyme Biotech, Shandong Longda Bio-Products, Sunson Industry Group
The carbohydrases market report table of contents includes:
1. Executive Summary
- Carbohydrase Market Characteristics
- Carbohydrase Market Trends And Strategies
- Carbohydrase Market – Macro Economic Scenario
- Global Carbohydrase Market Size and Growth
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32. Global Carbohydrase Market Competitive Benchmarking
- Global Carbohydrase Market Competitive Dashboard
- Key Mergers And Acquisitions In The Carbohydrase Market
- Carbohydrase Market Future Outlook and Potential Analysis
- Appendix
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