Dublin, Jan. 30, 2024 (GLOBE NEWSWIRE) -- The "Hydrolase Enzymes Global Market Report 2024" report has been added to ResearchAndMarkets.com's offering.
The global market for hydrolase enzymes is set to observe rapid growth, driven by burgeoning developments across the biotechnology sector and an escalating demand for processed foods and sustainable solutions. A detailed Hydrolase Enzymes Global Market Report now available provides comprehensive insights into the market's burgeoning trends, share, growth, and forecasts for interested stakeholders and market participants.
Recent findings showcase that the hydrolase enzymes market, worth approximately $6.08 billion in 2023, is forecast to flourish at a compound annual growth rate (CAGR) of 7.7%, achieving a market size of $6.54 billion in 2024. The study further projects substantial growth leading to a market value of $8.86 billion by 2028. This anticipated expansion is influenced by the enzyme's diversified applications, ranging from pharmaceuticals to biofuel production—an area of significant focus given environmental concerns and the push for alternative energy sources.
With rising cases of pancreatic disorders fueling the demand for related therapeutic enzymes, the study shines a light on the pivotal role of hydrolase enzymes such as pancreatic lipase, amylase, and protease. Moreover, the report highlights the pronounced growth in the processed food sector, which hinges on enzymatic interventions to enhance food products' nutritional profile and shelf life.
Under the spotlight are key technological advancements, where major industry players are propelling the market with innovative products. Emphasis is laid on recent introductions like specialty enzymes for unique medical dietary needs and non-starch polysaccharide enzymes that optimize nutrient utilization in animal feed.
Regional insights see North America as the terrazzo of hydrolase enzymes market activities in 2023, with Europe tailing as an area primed for rapid growth in the forthcoming years. An in-depth dissection of market segments addresses the broad spectrum of hydrolase enzyme types, including esterases and peptidases, and their application in diverse industries.
The Hydrolase Enzymes Market Research Report you will find is a compendium of data designed to facilitate decision-making for business strategists and investors. It encapsulates market estimations, sector-specific growth patterns, and the comprehensive landscape of competition—culminating in an essential resource for establishing formidable market presence and foresight.
A selection of companies mentioned in this report includes
- Creative Enzymes Holdings Limited
- Advanced Enzyme Technologies Limited
- Specialty Enzymes & Probiotics
- Novozymes A/S
- Antozyme Biotech Private Limited
- Infinita Biotech Private Limited
- Aumgene Biosciences (Shanghai) Co. Ltd.
- AB Enzymes GmbH
- Dyadic International Inc.
- Sisco Research Laboratories Pvt Ltd.
- Amano Enzyme Inc.
- Codexis Inc.
- Merck KGaA
- BESTZYME BIO-ENGINEERING CO. Ltd.
- Bioseutica Group
- BASF SE
- Royal DSM NV
- Kemin Industries Inc.
- Epygen Labs FZ LLC
- DuPont de Nemours Inc.
- Biovet Private Limited
- Enzyme Development Corporation
- Associated British Foods
- Chr. Hansen Holding A/S
- Genencor International Inc.
- F. Hoffmann-La Roche Ltd.
- Thermo Fisher Scientific Inc.
- Koninklijke DSM N.V.
- Enzymes Biotec Limited
- Kerry Group plc
- Danisco A/S
For more information about this report visit https://www.researchandmarkets.com/r/3firxa
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