Increasing carbohydrase application in food & beverages, animal feed, and pharmaceuticals industries is expected to drive the global market over the forecast period. Carbohydrase mainly finds application in industrial products and food industry. Carbohydrase is also used in energy drinks. Growing energy drinks demand due to its increasing association with sports events is expected to further complement the market growth over the next six years. Owing to its better cleansing property, the product is a major component in detergents.
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Growing detergent market particularly in Asia Pacific region is anticipated to boost the carbohydrase demand in this industry. Furthermore, increasing detergent usage in household and industrial applications is expected to further augment the market growth over the foreseeable future. Carbohydrase inhibitors produced from chestnuts find application in treating diabetes and obesity diseases. This advantageous factor is likely to create new opportunities for the existing market players. Carbohydrase enzymes projects unstable temperature levels and pH value. Such kind of issues may pose threat to the market growth over the foreseeable future.
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Asia Pacific food industry is the fastest growing and is anticipated to be the major market over the next six years. This trend is likely to boost carbohydrase demand in Asia Pacific region. Lipase and Protease are generally used in dairy products. Increasing dairy products consumption in emerging nations such as China and India is expected to drive carbohydrase market in Asia Pacific. Pharmaceuticals market has been witnessing significant growth in the U.S. This trend is likely to surge carbohydrase demand in North America. Furthermore, increasing baked food consumption in the U.S. is anticipated to augment the market growth in the region. Growing processed food demand is expected to drive the demand for carbohydrase in Europe over the forecast period.
Key industry participants operating in the global carbohydrase market include Dyadic International Inc., Amano Enzymes Inc., AB Enzymes GmbH, Advanced Enzymes, Novozymes, Royal DSM, Specialty Enzymes, Verenium, and DuPont. Market participants have been constantly involved R&D to improve product specifications. Major industry participants have formed strategic alliances in the form of supply and distribution agreements in order to improve their market presence and gain competitive advantage.
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