Research Expert: Sarah Overall
  • Published: Feb 2025
  • Pages: 150
  • SKU: IRTNTR45826

  • Latest News- Specialty Enzymes Market: Research and biotechnology is expected to lead the Application segment during 2025-2029

    The Specialty Enzymes Market is being driven by Increasing healthcare expenditure

    The Specialty Enzymes Market is expected to grow at a CAGR of 7.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 2506.6 million. The global specialty enzymes market has experienced substantial growth due to recent technological advancements in enzyme production. These specialized enzymes, recognized for their high specificity and efficiency, are increasingly being adopted across various industries, including pharmaceuticals, biotechnology, and food processing. A significant trend in the pharmaceutical sector involves the utilization of specialty enzymes for drug formulation, disease diagnostics, and therapeutic treatments. For instance, proteases and lipases are essential in developing treatments for conditions such as cancer and rheumatoid arthritis. In the food industry, specialty enzymes are employed to enhance product quality and prolong shelf life. Amylases and cellulases are commonly used to improve the texture and nutritional value of food products. 

    Get more information on Specialty Enzymes Market by requesting a sample report

    Which Factors Are Causing a Surge in Market Growth?

    The market is segmented based on

    • Application
      • Research and biotechnology
      • Diagnostic
      • Others
    • Type
      • Carbohydrases
      • Proteases
      • Others
    • Source
      • Microorganisms
      • Plants
      • Animal
    • Geography
      • North America
        • Canada
        • US
      • Europe
        • Germany
        • UK
        • France
        • Italy
      • APAC
        • China
        • India
        • Japan
        • South Korea
      • Middle East and Africa
        • South America

        According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

        • Increasing healthcare expenditure
        • Novel applications of specialty enzymes in pharmaceutical segment
        • Increased production of biofuels

        However, the market also witnesses some limitations, which are as follows:

        • Safety concerns related to use of specialty enzymes
        • Stringent government regulations
        • Complex production process involved in preparation of specialty enzymes

        Benefits of Buying Global Specialty Enzymes Market Research Report by Technavio

        Rich Experience: 20+ years leading global market research, trusted insights across industries.

        Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

        Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

        Market Scope in Specialty Enzymes Market Research Report

        Market Scope

        Report Coverage

        Details

        Page number

        230

        Base year

        2024

        Historic period

        2019-2023

        Forecast period

        2025-2029

        Growth momentum & CAGR

        Accelerate at a CAGR of 7.5%

        Market growth 2025-2029

        USD 2506.6 million

        Market structure

        market_structure.ucfirst

        YoY growth 2024-2025(%)

        6.8

        Key countries

        US, Canada, China, UK, Japan, India, Germany, South Korea, Italy, and France

        Competitive landscape

        Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

        Request Free Sample

        Find out which segment is leading the market by accessing the free PDF report

        Research Analysis Overview

        The Specialty Enzymes Market is driven by the rising prevalence of chronic diseases such as cancer and rheumatoid arthritis, leading to a surge in demand for enzymes in the pharmaceutical industry. In food industries, enzymes like lipases, amylases, proteases, rennet, pectinases, invertases, cellulases, and glucose oxidase are used for various applications. The biotechnology industry's growth, including biosimilar development, DNA modification, and DNA sequencing, fuels the market. The aging population and diagnostic methods also contribute to the demand. The microorganism segment, including microbial enzymes produced through fermentation, dominates the market. The agricultural and food production industries use enzymes from plant sources and animal-derived enzymes for processing and production.

        Market Research Overview

        The specialty enzymes segment within the global specialty chemicals market encompasses companies producing high-value-added enzymes, such as lipases, amylases, and proteases, utilized in various industries, including pharmaceuticals, food and beverages, and textiles. Factors fueling market expansion include the increasing prevalence of chronic diseases, such as cancer and rheumatoid arthritis, necessitating advanced enzyme-based therapies. Furthermore, the food industry's growing focus on improving product quality and efficiency through the application of specialty enzymes, such as rennet, contributes to market growth. Technavio projects that the global specialty chemicals market, driven by the expanding demand for specialty adhesives and sealants, will witness significant growth during the forecast period.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.


        Contacts

        Technavio Research
        Jesse Maida
        Media & Marketing Executive
        US: +1 844 364 1100
        UK: +44 203 893 3200
        Email: media@technavio.com
        Website: www.technavio.com/

        Read News Read Less
        Interested in this report?
        Get your sample now!

      Safe and Secure SSL Encrypted

      Technavio

      • 2500 USD

      [5 reports/month/user]

      • 5000 USD

      close
      • Basic Plan [5000 USD/Year]:

        Single User
        Download 5 Reports/Month
        View 100 Reports/Month
        Add upto 3 Users at 625 USD/user

      • Teams Plan [7500 USD/Year]:

        5 User
        Download 5 Reports/Month/User
        View 100 Reports/Month/User
        Add upto 30 Users at 500 USD/user

      *You can upgrade to Teams plan at Subscription page

      close
      • Single:

        One user only.
        Quick & easy download option

      • Enterprise:

        Unlimited user access (Within your organization).
        Complimentary Customization Included

      *For Enterprise license, go to checkout page

      Technavio Get the report (PDF) sent to your email within minutes.