Specific yield optimization and catalytic reaction properties of specialty enzymes are expected to drive its demand over the next six years. Pharmaceutical manufacturers across the globe have incorporated these specialty enzymes on account of their expanding applications particularly in processing fine chemicals and pure pharmaceutical drugs. Shift in trend towards adoption of specialty enzymes in order to reduce reliance on conventional enzymes has been observed in the last few years and hence these enzymes are expected to penetrate the overall enzymes market over the forecast period. Specialty enzymes are widely used to manufacture drugs to treat some fatal diseases such as cardiovascular diseases, cancer, pain caused by age, asthma, hay fever and lysosomal storage disorders in the pharmaceutical industry. Increasing prevalence of such diseases coupled with growing geriatric population particularly in the U.S., Europe and Japan is also expected to have a positive influence on market growth.
Full Research Report On Specialty Enzymes Analysis: https://www.grandviewresearch.com/industry-analysis/specialty-enzymes-market
Growth of global pharmaceutical industry, increasing number of biotechnology R&D and advancement in enzyme engineering & green chemistry are expected to fuel the global specialty enzymes market over the forecast period. Difficulty in maintaining pH and operational temperature of specialty enzymes is expected to remain a key concern for market participants over the next six years. Legal & ethical issues coupled lack of awareness among consumers regarding the benefits of specialty enzymes particularly in developing countries is also expected to pose threat to the market growth. However, growing industrialization rate and advanced technologies adopted in pharmaceutical industry in emerging markets of BRIC nations is expected to hold future opportunities for market participants.
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North America emerged as the largest regional specialty enzyme market owing to the presence of niche consumer markets and advanced technologies. U.S. holds a major share of the overall North America specialty enzyme market. Increase in population and growth in disposable income among consumers in emerging markets of China and India is expected to drive Asia Pacific specialty enzymes market. China, India and Brazil are expected to be the most lucrative regional markets for specialty enzymes. Some of the major specialty enzyme manufacturers include Advanced Enzyme Technology Ltd. Affymetrix Inc., Advanced Enzyme Technology Ltd., Amano Enzyme Inc., Bbi Enzymes Ltd., Basf, Codexis Inc., Nagase & Co. Ltd., Life Technologies, Roche Holding Ag., and Sanofi S.A.
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