Global Carbohydrase Market: Overview
Enzymes form important part of digestive system since they help breakdown large, insoluble food ingredients into soluble molecules that are smaller in size. These small soluble molecules are easily absorbed by the digestive system. Digestive enzymes can be categorized as: protease, lipase and carbohydrase. Protease helps breakdown protein molecule and hence enhances the digestion of protein. Similarly, lipase fastens the digestion of fat molecules by breaking them into smaller lipids. Carbohydrase breakdown carbohydrates into simple sugar and fasten their digestion. Naturally, carbohydrases are produced in pancreas but their mode of action occurs in the stomach.
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Carbohydrase helps in producing various syrup types such as fructose syrup, glucose syrup and inverted sugar syrups. Also, prebiotics, and isomaltulose (substitute for sucrose and help improve sweetness of juices and wines) are also manufactured with the help of carbohydrase. Based on the application areas, carbohydrase can be segmented as: food and beverage, pharmaceutical, animal feeds, and others. Among all these, in 2012, the market for food and beverages contributed for the largest share of global carbohydrase market and is poised to grow at the highest CAGR. The growth of carbohydrase in food and beverages market is mainly driven by increasing demand for quality food by population.
Global Carbohydrase Market: Segmentation
Based on types, carbohydrase market can be segmented as cellulases, amylases, and others. The market for celluloses and amylases accounted for the largest share in 2012 of global carbohydrase market and is expected to grow at the highest CAGR during the forecast period. This growth is attributed to their wide utilization for catalytic hydrolysis of starch to further breakdown them into sugars (sugars form major component of food and beverages).
Based on the sources of extraction, carbohydrase market can be categorized as: plants, animals and microorganisms. Presently major source of extraction for carbohydrase are animals and microorganisms. This is due to the fact that they contain large volume of the enzyme catalyst (carbohydrase). Also, reducing burden on plants by various human activities will increase the utilization of animals and microorganism for extraction of carbohydrase.
Global Carbohydrase Market: Drivers and Trends
The market for carbohydrase is expected to grow at a healthy CAGR during the forecast period 2013 to 2019. The growth of carbohydrase market is driven by advancement in technologies such as enzyme engineering. Enzyme engineering will help produce carbohydrase chemically and not utilizing plants and animals. Also, growth in the pharmaceutical industry will further accentuate the utilization of carbohydrase in pharmaceutical companies and in turn will propel the growth of carbohydrases market. Despite all these advantages, the growth of carbohydrase market may hamper due to their inefficiency in action at high pH.
In 2012, North America accounted for the largest share (%) of the global carbohydrase market owing to presence of large number of food and beverage manufacturers in the region. Also, large number of carbohydrase manufacturers domiciled in this region will further augment the growth of carbohydrase market. Increasing government initiatives in countries like the U.S. also triggers the growth of carbohydrase market.
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During the forecast period 2013 to 2019, Asia-Pacific is expected to grow at the highest CAGR owing to rapid growth in pharmaceutical industry in the countries such as Malaysia, India and China. Similarly, technological advancement for the development of carbohydrase will also support the growth of carbohydrase market.
The major players operating in carbohydrases market include Amano Enzyme Inc., E.I. Dupont De Nemours & Co. (Dupont) Msds, Dyadic International, Inc., Specialty Enzymes, AB Enzymes Gmbh, Verenium, Novozymes, Royal DSM and Advanced Enzymes among other significant players.
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