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Carbohydrase Market Size

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

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Carbohydrase Market Size

Carbohydrase Market size was valued at USD 3.85 billion in 2023 and is anticipated to register a CAGR of over 8% between 2024 and 2032. The increasing adoption of innovative food products in the bakery and confectionary industry are constantly developing the market.

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Carbohydrase has widespread applications in various industries which facilitates the extensive market size of the products. Growth in bakery & confectionery products containing phosphonates is estimated to reach over USD 1.2 billion by 2032 which will propel the demand for carbohydrase in this application constantly in the forecast period. The increasing disposable incomes and rise in urban populations will cater to the inclination of processed foods market and is forecasted to account for over USD 3.5 billion by 2032, further facilitating the demand for carbohydrase globally.

Carbohydrase Market Report Attributes
Report Attribute	Details
Base Year:	2023
Carbohydrase Market Size in 2023:	USD 3.85 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	8%
2032 Value Projection:	USD 7.66 Billion
Historical Data for:	2018 - 2023
No. of Pages:	200
Tables, Charts & Figures:	249
Segments covered:	Source, Source, Application, Distribution Channel
Growth Drivers:	Expanding Food & Beverage Industry Growing focus on Animal Health and Sustainability Technological advancements in Enzyme engineering
Pitfalls & Challenges:	Stringent Regulatory Landscape for enzyme fortification

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The fluctuating costs of raw materials for the manufacturing of phosphonates can be relatively volatile. Manufactures may focus on limited supply of the product, especially for smaller markets with demand constraints. Incoming stringent regulations might affect overall operational efficiency in the production and consumption from the application industries. Lack of awareness can lead to underutilization of carbohydrase, with companies opting for traditional food additives. Some industries handling specific materials may find that the characteristics of those materials are not compatible with carbohydrase, limiting their application.

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.