(PRWEB) July 07, 2014
The global market for carbohydrase is estimated to grow at a rate of 6.6% from 2014 to 2019. The North American region has acquired a majority share in the global carbohydrase market, due to its highly industrially developed nature, thereby finding increased applications of carbohydrases. The major application that utilizes carbohydrases is the food and beverage industry. Taking into consideration the types of carbohydrases, both amylases and cellulases are expected to acquire a large market share together, while lactase, pectinases, and others (mannanases, pullulanases, and so on) are projected to experience lower growth during the forecast period, 2014 to 2019. There are more than 750 registered carbohydrase manufacturers around the world.
The North American carbohydrase market is expected to grow at a CAGR of 5.5 % from 2013 to 2018. In this region, carbohydrases find application in diverse industrial markets like food, beverages, animal feed, pharmaceuticals, textile and leather, pulp and paper, bio-fuel and more. The North American region has been totally driven by the U.S. market that account for nearly 85.3% share. The consumption patterns in the developed economies of North America have played a significant role in triggering the usage of carbohydrases in recent years.
Browse through the market data tables, figures and detailed TOC on the “North America Carbohydrase Market”
Europe Carbohydrase Market
Europe is the one of the largest markets in the global carbohydrase market, projected to grow at a CAGR of 6.3%, from 2013 to 2018. The European region is divided into Western and Eastern Europe in this study, in terms of growth. The Western European region has experienced a higher level of enzyme and enzyme technology penetration, thereby saturating the regional market, while Eastern Europe will benefit from the investments made by the Western European chemical companies. Additionally, the ongoing shift in the manufacturing base of western European companies towards the lower labor cost countries in Eastern Europe will have an impact on the industrial enzyme demand.
Asia-Pacific Carbohydrase Market
The Asia-Pacific market is expected to be the most profitable market for carbohydrase in the coming years, projected to grow at the fastest CAGR of 9.6%, between 2014 and 2019. This region is expected to experience increasing applications of carbohydrases due to the increase in the high disposable incomes of the population and increased industrialization in emerging economies such as China and India. With the North American and Western European markets for carbohydrase declining, the Asia-Pacific region has been on an upswing, mainly on account of the relatively superior growth witnessed by this region.
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