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Carbohydrase Market Share

Report ID: GMI7819
Published Date: Jan 2024
Report Format: PDF

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Carbohydrase Market Share

The global carbohydrase industry is highly fragmented owing to the presence of several market players. Major companies are Novozymes, AB Enzymes, DSM and DuPont accounting for over 40% market share in the year 2023. The major market players are focusing on mergers & acquisitions, facility expansion, and strategic partnerships to expand their product offerings, customer reach, and enhance market presence. Companies are also focusing on acquisition strategy.

Competition ranges from premium pricing by established players with strong brands to cost-effective offerings by regional and emerging players. An acquisition strategy enables a company to enter new markets and product lines instantaneously with a recognized brand having a good reputation and an existing client base. An acquisition can overcome market entry barriers that were previously challenging.

Carbohydrase Market Companies

Major companies operating in the carbohydrase industry include:

Novozymes
AB Enzymes
DSM
DuPont
Amano Enzymes
Chr. Hansen
Kerry Ingredients
Rochem
Biocatalysts Ltd.
Genencor International
BBI Enzymes
BioAg (Novozymes)
Green Enzymes
Biome BioSciences
MicroPharm Ltd.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of carbohydrase reached USD 3.85 billion in 2023 and is set to grow at 8% CAGR from 2024 to 2032, owing to the increasing adoption of innovative food products in the bakery and confectionary industry worldwide.

The microbial source segment captured USD 2.7 billion revenue in 2023, attributed to greater need for scalability and lower production costs compared to plant and animal sources.

China market size recorded USD 490 million revenue in 2023, due to the government increasingly prioritizing innovation in the pharmaceutical and biotechnology sectors of the country.

AB Enzymes, DSM, DuPont, Amano Enzymes, Chr. Hansen, Kerry Ingredients, Rochem, Biocatalysts Ltd., Genencor International, BBI Enzymes, BioAg (Novozymes), Green Enzymes, Biome BioSciences, and MicroPharm Ltd. are some of the major carbohydrase companies worldwide.