Specialty Enzymes Market Size to Reach USD 8.21 Billion in 2028 Growing at a CAGR of 8.0%, says Emergen Research

Emergen Research has published its latest report titled “Specialty Enzymes Market By Source (Plants, Microorganisms, Animals), By Application (Biotechnology R&D, Pharmaceutical, Diagnostic), By Type (Proteases, Polymerases & nucleases, Carbohydrase, Lipases), and By Region, Forecast to 2028”

According to Emergen Research, the global specialty enzymes market size was USD 4.45 Billion in 2020 and is expected to reach USD 8.21 Billion in 2028 and register a revenue CAGR of 8.0% during the forecast period, 2021-2028.

Market Dynamics:

Specialty enzymes are proteins that act as biocatalysts in pharmaceutical and diagnostic procedures to speed up reactions and generate the desired outcomes. These enzymes are important diagnostic tools for the treatment of diseases like cardiovascular disease, cancer, and lysosomal disorders and increasing use of specialty enzymes in molecular biology research and in pharmaceutical industry are key factors expected to drive global market revenue growth. These enzymes catalyze the formation of ribonucleic acid (RNA) polymers and deoxyribonucleic acid (DNA), as they are required for nucleic acid processing, including repair, recombination, replication, and transcription. In addition, increasing number of research and development activities in biotechnology R&D, advancement in green chemistry, implementation of advanced technologies in the pharmaceutical sector, and rising demand for effective therapeutics and pure pharmaceutical drugs are some factors expected to positively impact specialty enzymes market revenue growth throughout the forecast period.

However, high investments on R&D activities, unfavorable government regulations on the maintaining operational temperature and pH of specialty enzymes and poor reimbursement medical policies are some factors expected to restrain specialty enzymes market to a certain extent over the forecast period.

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COVID-19 Impact Analysis  

  • Social distancing and restrictions severely disrupted businesses and operations
  • Lockdowns caused disruptions in transportation and logistics
  • Impacted manufacturing activities and mining operations globally
  • Took a toll on economy of various countries
  • Caused sudden and drastic downturn in economic activity
  • Disrupted agriculture, fisheries, dairy, and other sectors
  • Caused loss of employment and financial crisis
  • Supply impacts were further compounded owing to reduced disposable income
  • Emergence of variants  continue to cause concerns and impact normal routines

Pharmaceutical Segment Revenue to Expand at a Rapid CAGR:

Pharmaceutical segment is expected to register a rapid CAGR among other segments in the market throughout the forecast period owing to increasing usage of enzymes in therapies for the treatment of cardiovascular diseases and cancer, growing private and government preference in the production of pharmaceutical drug formulations, and rising application of specialty enzymes in pharmaceuticals sector.

Polymerases & Nucleases Segment to Register Significant Revenue Growth:

Polymerases & nucleases segment is expected to incline rapidly in the wearable injectors market over the forecast period due to rising adoption of genetic testing, and increasing application of polymerases and nucleases in DNA sequencing and DNA amplification. These enzymes play important part in various DNA repair processes, including nucleotide excision repair, DNA replication, mismatch repair, base excision repair, and double strand break repair.

North America to Account for Largest Revenue Share:

North America is expected to register a larger revenue share contribution in the global market throughout the forecast period due to increasing government investments in biotechnology industries, advancements in enzyme engineering and increasing number of patients suffering from digestive disorders. In addition, presence of biopharmaceutical companies and available of advanced therapeutics for the treatment of chronic diseases are some other factors expected to fuel market growth in the countries of the region over the forecast period.

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Major Companies in the Market Include:

  • BASF SE
  • Novozymes A/S
  • Roche Holding AG
  • DuPont
  • Codexis
  • Dyadic International, Inc.
  • Advanced Enzyme
  • Amano Enzyme
  • Sanofi
  • Biocatalysts Ltd.

For the purpose of this report, Emergen Research has segmented the global specialty enzymes market on the basis of source, application, type, and region:

Source Outlook (Revenue, USD Billion; 2021–2028)

  • Plants
  • Microorganisms
  • Animals

Application Outlook (Revenue, USD Billion; 2021–2028)

  • Biotechnology R&D
  • Pharmaceutical
  • Diagnostic

Type Outlook (Revenue, USD Billion; 2021–2028)

  • Proteases
  • Polymerases & nucleases
  • Carbohydrase
  • Lipases
  • Other enzymes

Have a look at Report Description and Table of Contents of Market Report@ https://www.emergenresearch.com/industry-report/specialty-enzymes-market

Regional Outlook (Revenue, USD Billion; 2018–2028)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • BENELUX
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East & Africa
    • Saudi Arabia
    • U.A.E.
    • South Africa
    • Turkey
    • Rest of MEA

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About Emergen Research

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