Specialty enzymes are primarily utilized in pharmaceuticals, diagnostics solutions, as well as in biocatalysts and research & development, according to the report. Every activity in the body such as building new tissues, replacing old tissues, converting food to energy, waste disposal, and even reproduction, requires enzymes. Depleting the body’s enzymes is often the cause injuries, inflammation, indigestion, immune deficiency, and disease, said MarketsandMarkets
North America (U.S., Canada and Mexico) makes up the largest market for specialty enzymes, with the U.S representing the largest market for enzymes overall internationally. Europe (U.K., Germany, France, Italy, and Spain) wasthe second largest market for the production and consumption of specialty enzymes.
MarketsandMarkets also noted growing opportunities in Asia-Pacific, as well as the rest of the world, as a result of the rising middle class population, increase in per capita income, rising healthcare expenditure, and increased prevalence of diseases, among other key indicators. Countries like China, India, South Africa and Brazil present significant market potential for specialty enzymes.
For more information on the report “Specialty Enzymes Market by Source (Microorganism, Plant, Animal), Type (Carbohydrases, Protease, Lipase, Polymerases & Nucleases), Application (Pharmaceutical, Research & biotechnology, Diagnostic, Bio-Catalyst) & Geography - Global Trends & Forecasts to 2018,” visit www.marketsandmarkets.com.