Portland, OR, July 12, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global specialty enzymes market accrued $1.2 billion in 2021, and is predicted to garner $2.2 billion by 2031, registering a CAGR of 6.7% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.
Rise in occurrence of chronic disorders such as arthritis and cancer boosts the global specialty enzymes market growth. Moreover, surge in geriatric population prone to chronic ailments has enhanced use of specialty enzymes in the biotechnology sector. This factor supplements the market growth. New product launches, rise in research and development activities related to enzyme treatment, and surge in clinical trials and number of hospitals will create new growth opportunities for the market.
Download Sample Report- https://www.alliedmarketresearch.com/request-sample/703
COVID-19 Scenario
- The COVID-19 pandemic negatively impacted the global specialty enzymes market growth due to implementation of lockdown in many countries.
- The pandemic created difficulty for pharmaceutical sector to focus on research and development activities such as biosimilar drug development, and this significantly affected the market trends.
- The delay in product approval due to the COVID outbreak led to restricted sales of biosimilars, thereby severely affecting expansion of the market. Moreover, postponement of clinical trials for preventing the spread of COVID slowed down drug development process and adversely impacted the business growth.
Get a detailed COVID-19 impact analysis on the Specialty Enzymes Market - https://www.alliedmarketresearch.com/request-for-customization/703?reqfor=covid
The report offers detailed segmentation of the global specialty enzymes market based on application, source, type, and region.
Based on the application, the pharmaceuticals segment accounted for the largest share of the market in 2021, contributing to nearly half of the overall share of the global specialty enzymes market. Moreover, this segment is predicted to record the highest CAGR of 6.7% from 2022 to 2031. The report also analyzes the segments including biotechnology research & development and diagnostics.
Based on type, the carbohydrases segment accounted for the largest share of the market in 2021, contributing to nearly half of the overall share of the global specialty enzymes market. However, the polymerases & nucleases segment is anticipated to record the highest CAGR of 10.0% from 2022 to 2031.
Based on the region, North America contributed toward the highest market share in 2021, accounting for nearly two-fifths of the market. However, the Asia-Pacific specialty enzymes market is set to register the fastest CAGR of 8.8% from 2022 to 2031.
For Purchase Inquiry- https://www.alliedmarketresearch.com/purchase-enquiry/703
Key players profiled in the global specialty enzymes market research report are International Flavors and Fragrances Inc., Alphazyme LLC, Novoenzymes, Amano Enzyme, Biocatalyst, Specialty Enzymes and Probiotics, Antozyme Biotech, Enzyme Development Corporation, BBI Solution, and Enzyme Supplies Ltd.
We also Offers Regional and Country Reports-
- Japan Specialty Enzymes Market
- South Korea Specialty Enzymes Market
- Singapore Specialty Enzymes Market
- Europe Specialty Enzymes Market
- Indonesia Specialty Enzymes Market
- Australia Specialty Enzymes Market
- Taiwan Specialty Enzymes Market
- US Specialty Enzymes Market
Trending Reports in Healthcare Industry-
Smart Inhalers Market - Global Opportunity Analysis and Industry Forecast, 2020-2030
Orthopedic Implants Market - Global Opportunity Analysis and Industry Forecast, 2020–2030
3D Printed Drugs Market- Global Opportunity Analysis and Industry Forecast, 2020–2030
Wearable Injectors Market - Global Opportunity Analysis and Industry Forecast, 2020–2030
Computed Tomography (CT) Market - Global Opportunity Analysis and Industry Forecast, 2020–2030
Empty Capsules Market - Global Opportunity Analysis and Industry Forecast, 2020–2030
AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) Offered by Allied Market Research:
AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.
Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link: https://www.alliedmarketresearch.com/library-access
“We have also published few syndicated market studies in the similar area that might be of your interest. Below are the report title for your reference, considering Impact of Covid-19 Over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market.”
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter
