Stratview Research has published a new report titled “Specialty Enzymes Market” which is segmented by Type (Carbohydrases [Amylases, Cellulases, and Other Carbohydrases], Proteases, Lipases, Polymerases & Nucleases, and Others), by Application Type (Pharmaceuticals, Research & Biotechnology, Diagnostics, and Biocatalysts), by Source Type (Microorganisms, Plants, and Animals), by Form Type (Liquid and Dry), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

As per the study, the specialty enzymes market size was valued at USD 4.82 billion in 2021 and is likely to grow at a CAGR of 7.06% during 2022-2028 to reach USD 7.8 billion in 2028.

What are specialty enzymes?

Specialty Enzymes are proteins that serve as biocatalysts to augment the rate of reactions and produce the desired results in pharmaceuticals and diagnostics reactions.

Specialty Enzymes are of different types, such as carbohydrases, proteases, lipases, polymerases & nucleases, and others, that are used in various applications such as pharmaceuticals, research & biotechnology, diagnostics, and biocatalysts.

COVID-19 IMPACT

The covid-19 pandemic shook the whole world, and the impact was felt across almost every industry. The pandemic had a negative impact on the growth of the Specialty Enzymes Market due to lockdowns and restrictions implied in various countries.

Market Dynamics

The major factors driving the growth of the specialty enzymes market are-

• The present surge in the non-hazardous biological catalysts in pharmaceuticals and diagnostics.
• The advanced development in tools to maximize pharmaceutical production & quality.
• Multi-functional advantages of specialty enzymes.

Who are the Key Players in the Market?

This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players active in the Specialty Enzymes Market:

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

Key questions answered by the report

-        What is the projected CAGR for revenue from the Specialty Enzymes Market during the forecast period?

-        What is a major driving factor for the growth of the market?

-        Which region accounted for the largest revenue share in the Specialty Enzymes Market?

-        Which are the major market players?

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Stratview Research is a global market research firm, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with insightful market data to aid strategic decision-making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more.