LONDON--(BUSINESS WIRE)--Technavio projects the global carbohydrases market to post a CAGR of close to 7% during the forecast period. The growth in the food and beverages industry is a key driver, which is expected to impact market growth through 2018-2022.
The global food and beverage industry was valued at over USD 5 trillion in 2016, and it is expected to grow at a steady pace owing to various factors such as rising population, and advances in R&D. Enzymes such as carbohydrases are good for health and are widely used in the F&B industry, which augurs well for the growth of the market during the forecast period.
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In this report, Technavio highlights the use of protein engineering for producing industrial enzymes as one of the key emerging trends to drive the global carbohydrases market:
Use of protein engineering for producing industrial enzymes
Carbohydrases and other industrial enzymes are increasing in popularity due to commercialization and potential substitutes for the chemical-based catalyst used in the chemical and biochemical industry. Technological advances have led to the emergence of new production methods of carbohydrases and industrial enzymes. Protein engineering is one of the advanced methods of producing carbohydrases.
According to a senior analyst at Technavio for bio-chemicals and bio-materials research, “Protein engineering is used for developing stable enzymes that are unaffected by temperature and pH. Such enzymes can be used in industrial applications. Advances in protein engineering will have a positive impact on the growth of the market during the forecast period.”
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Market segmentation and analysis through 2022
This market research report segments the global carbohydrases market by application (food and beverages, animal feed, pharmaceuticals, and others) and key regions (the Americas, APAC, and EMEA).
The F&B segment dominated the market accounting for close to 43% of the market in 2017, followed by the animal feed and pharmaceutical segments. There will be very small variations in the market shares of these application segments over the forecast period.
In 2017, the global carbohydrases market was led by the Americas which accounted for over 54% share followed by EMEA and APAC respectively. APAC is expected to witness the maximum increase in its market share over the forecast period, while the other two regions will see a decrease in their market shares.
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