Connect with us

Technology

Specialty Enzymes Market to Surpass USD 10.4 Billion by 2034, Growing at a 6.4% CAGR: Digital Technologies and Automation Drive Efficiency and Cost Reduction | TMR

Published

on

Growing consumer awareness of enzyme benefits fuels demand for enzyme-based products in various health and wellness sectors.

WILMINGTON, Del., July 26, 2024 /PRNewswire/ — The global specialty enzymes market is estimated to flourish at a CAGR of 6.4% from 2024 to 2034. Transparency Market Research projects that the overall sales revenue for specialty enzymes is estimated to reach US$ 10.4 billion by the end of 2034.

Enzymes are proteins that selectively catalyze chemical reactions, playing crucial roles in essential life processes such as digestion, respiration, and metabolism. The specialty enzymes market is expanding due to the rising demand for effective biocatalysts in pharmaceuticals and diagnostics, which drives innovation. Biotechnology and genetic engineering advancements have enabled the development of more efficient and specific enzymes, broadening their application scope.

Increased investment in healthcare and biopharmaceuticals further supports the use of specialty enzymes in new therapies and drug formulations. As consumers become more health-conscious, there is a growing use of specialty enzymes in nutraceuticals and functional foods, boosting market growth.

Specialty enzymes, as highly specific biocatalysts, are utilized in various industries, including pharmaceuticals, food and beverages, research, and biotechnology. These enzymes are designed to perform specific functions with high efficiency, making them valuable tools for enhancing processes and products across these sectors.

Moreover, the biopharmaceutical industry’s demand for specialty enzymes is driven by the need for protein and cell production. Enzymatic alternatives are increasingly replacing older production technologies, especially in regenerative medicine, which requires high quality, pharmaceutical-grade enzymes.

Download Sample PDF Brochure: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2276

The integration of digital technologies and automation in enzyme production processes is streamlining operations, enhancing efficiency, and reducing costs for manufacturers. This trend is particularly evident in developed regions like North America and Europe.

Rapid urbanization and industrialization in emerging markets of Asia Pacific, Latin America, and Middle East & Africa present untapped opportunities for specialty enzyme manufacturers. Rising disposable incomes and evolving consumer preferences drive the demand for enzyme-based products in these regions.

The expanding biopharmaceutical sector, particularly in regions like North America and Europe, fuels the demand for specialty enzymes used in drug development, manufacturing, and bioprocessing. Advancements in biotechnology and the increasing focus on biologics drive this trend.

Collaborations between enzyme manufacturers and other industries, such as agriculture, cosmetics, and waste management, are fostering innovation and diversification of enzyme applications. These partnerships leverage expertise from diverse sectors to develop novel enzyme-based solutions.

Evolving regulatory landscapes, especially regarding food safety, environmental sustainability, and biopharmaceutical manufacturing, influences the adoption of specialty enzymes. Compliance with regulations drives market growth as companies invest in research and development to meet stringent requirements and ensure product quality and safety.

Specialty Enzymes Market Report Scope:

Report Coverage

Details 

Forecast Period  

2024-2034

Base Year  

2020-2022

Size in 2023

US$ 5.2 Bn

Forecast (Value) in 2034

US$ 10.4 Bn

Growth Rate (CAGR) 

6.4 %

No. of Pages 

151 Pages 

Segments covered 

By Product, By Application, By Region

Key Findings of the Market Report

Proteases emerge as the leading product segment in the specialty enzymes market due to their wide-ranging applications across various industries.Diagnostics emerges as the leading application segment in the specialty enzymes market, driven by the growing demand for accurate medical testing.North America leads the specialty enzymes market due to robust investments, mature healthcare sectors, and emphasis on sustainable practices.

Specialty Enzymes Market Growth Drivers & Trends

Increasing demand for sustainable and eco-friendly solutions across industries like food, pharmaceuticals, and biofuels drives the growth of specialty enzymes market.Advancements in biotechnology and enzyme engineering fuel innovation, leading to the development of novel enzyme products with enhanced functionality.Growing awareness about the benefits of enzyme-based products for health and wellness stimulates market expansion.Rising investments in research and development by key market players foster technological advancements and product diversification.Shift towards personalized medicine and precision agriculture drives demand for specialty enzymes, offering tailored solutions for specific applications and industries.

Unlock Growth Potential in Your Industry! Download PDF Brochure: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2276 

Global Specialty Enzymes Market: Regional Profile

North America leads the market, fueled by robust investments in research and development, particularly in the United States. Major players like Novozymes and DuPont dominate this region, capitalizing on strong industrial infrastructure and a mature healthcare sector. The region’s emphasis on sustainable practices and stringent quality standards further drives market growth.In Europe, stringent regulations regarding food and pharmaceutical safety propel the demand for specialty enzymes. Countries like Germany and the Netherlands are at the forefront of enzyme production, with companies like DSM and BASF SE leading innovation efforts. Increasing consumer awareness regarding healthy lifestyles and sustainable products amplifies market expansion opportunities.The Asia Pacific region emerges as a key growth engine, driven by rapid industrialization, urbanization, and rising disposable incomes. Countries like China, India, and Japan witness surging demand for specialty enzymes across diverse sectors, including food and beverage, textiles, and biotechnology. Local players such as Amano Enzymes and Advanced Enzymes Technologies Ltd. leverage their agility and cost competitiveness to capture market share, while multinational companies strategically expand their presence through partnerships and acquisitions.

Specialty Enzymes Market: Competitive Landscape

The specialty enzymes market is fiercely competitive, driven by innovation, quality, and customization. Key players such as Novozymes, DuPont, and DSM dominate, leveraging extensive R&D investments and global reach. They offer a diverse range of enzymes catering to pharmaceuticals, food & beverages, and biofuels, maintaining market leadership through strategic collaborations and mergers.

Emerging players like Amano Enzymes and AB Enzymes challenge incumbents with niche offerings and agile manufacturing capabilities. Regional players like Advanced Enzymes and Chr. Hansen Holding A/S strengthen competition by focusing on specific market segments and providing tailored enzyme solutions. This dynamic landscape fosters continuous growth and fosters innovation. Some prominent players are as follows:

F. Hoffmann-La Roche Ltd.Novonesis GroupAmano Enzyme Inc.Codexis Inc.Advanced Enzymes Technologies Ltd.Thermo Fisher Scientific Inc.BBI SolutionsBiocatalystsAmicogenAmerican Laboratories Inc.

Product Portfolio

BBI Solutions pioneers in diagnostic reagents and assays, empowering healthcare professionals worldwide with innovative solutions. Their portfolio includes immunoassays, antibodies, and contract manufacturing services, ensuring accurate and reliable diagnostics for improved patient care.Biocatalysts excels in enzyme discovery, development, and production, catering to diverse industries like pharmaceuticals, food, and chemicals. Their advanced enzymatic solutions enhance process efficiency, sustainability, and product quality, driving innovation and value for clients globally.

Specialty Enzymes Market: Key Segments

By Product

ProteasesCarbohydrasesPolymerases & NucleasesLipasesOthers

By Application

Research & BiotechnologyDiagnosticsOthers

By Region

North AmericaEuropeAsia PacificLatin AmericaMiddle East & Africa

Buy this Premium Research Report: https://www.transparencymarketresearch.com/checkout.php?rep_id=2276&ltype=S 

More Trending Reports by Transparency Market Research –

Diagnostic Specialty Enzymes Market – The global diagnostic specialty enzymes market is projected to advance at a CAGR of 6.9% from 2023 to 2031Diagnostic Specialty Antibodies Market – The global diagnostic specialty antibodies market is projected to expand at a CAGR of 5.4% during the forecast period from 2023 to 2031Thin Film Drug Manufacturing Market is estimated to advance at a CAGR of 9.0% from 2024 to 2034 and reach US$ 16.5 Bn by the end of 2034

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact:
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com   
Email: sales@transparencymarketresearch.com
Follow Us: LinkedIn| Twitter| Blog | YouTube

Logo: https://mma.prnewswire.com/media/1682871/TMR_Logo_Logo.jpg

 

View original content:https://www.prnewswire.com/news-releases/specialty-enzymes-market-to-surpass-usd-10-4-billion-by-2034–growing-at-a-6-4-cagr-digital-technologies-and-automation-drive-efficiency-and-cost-reduction–tmr-302207503.html

SOURCE Transparency Market Research

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Ring in 2025 with Solitaire Grand Harvest’s New Year Celebration featuring Snoopy

Published

on

By

Snoopy and the Peanuts Gang Are Highlighted in an Exclusive In-Game Experience Filled with Nostalgia, Prizes, and Fun!

HERZLIYA, Israel, Dec. 29, 2024 /PRNewswire/ — This New Year, Solitaire Grand Harvest is bringing joy, nostalgia, and a bit of winter magic with everyone’s favorite beagle, Snoopy,! Starting December 29, players can experience Snoopy, Woodstock, and the Peanuts gang in a special month-long event that’s bound to bring back cherished memories while adding a little sparkle to your solitaire game.

Experience the full interactive Multichannel News Release here: https://www.multivu.com/playtika/9222155-en-solitaire-grand-harvest-featuring-snoopy

Solitaire Grand Harvest, the #1 highest-grossing solitaire game in the U.S.**, is transforming into a Peanuts-themed winter wonderland just in time to ring in 2025. Whether you’re sipping cocoa by the fire or counting down to midnight, the Peanuts® takeover will warm your heart and make every win feel a bit more magical.

Starting December 29, players will discover Snoopy and his Winter Fair Collection, featuring charming in-game mini-games and exclusive prizes inspired by the classic Peanuts characters. But the fun doesn’t stop when the ball drops! Between January 1-12, players may add Snoopy and Woodstock to their collection, alongside their in-game special pet companions, making it a New Year’s celebration that keeps on giving. Players get to keep their favorite characters with them forever with the permanent in-game Snoopy collection.

Roi Glazer, General Manager of Solitaire Grand Harvest, shared his excitement, saying:
“Snoopy has been a beloved part of so many of our lives for generations. This partnership with Peanuts allows us to combine the nostalgia of Snoopy with the excitement of Solitaire Grand Harvest in a way that brings joy to our players during the New Year celebration.”

Scott Shillet, Vice President of Global Hardlines at Peanuts, said:
“We are thrilled to bring Snoopy and the beloved Peanuts gang to Solitaire Grand Harvest, allowing us to continue our mission of spreading joy through new and engaging experiences. By integrating our timeless characters into the game, our fans will find fresh ways to connect with Peanuts while enjoying the fun world Solitaire Grand Harvest has to offer.”

Solitaire Grand Harvest is available to download for free on the App Store and Google Play (in-app purchases available). To follow along, visit Solitaire – Grand Harvest on Facebook and on Instagram.

About Solitaire Grand Harvest®
Solitaire Grand Harvest is the top Solitaire game in the U.S.**, with hundreds of thousands of daily players across multiple platforms. Solitaire Grand Harvest, developed by Supertreat GmbH, allows its community to experience the fun side of farming as they grow and harvest crops, build and design their personal farm and progress through thousands of challenging Solitaire levels. The game provides high value content, and players are exposed to new features and provided with the opportunity to connect with other members of the Solitaire Grand Harvest community online.

About Playtika
Playtika Holding Corp. (NASDAQ: PLTK) is a mobile gaming entertainment and technology market leader with a portfolio of multiple game titles. Founded in 2010, Playtika was among the first to offer free-to-play social games on social networks and, shortly after, on mobile platforms. Headquartered in Herzliya, Israel, and guided by a mission to entertain the world through infinite ways to play, Playtika has employees across offices worldwide.

**According to App Annie, Solitaire Grand Harvest is the highest-grossing Solitaire game in the U.S. based on in-app purchases, from January 2024October 2024.

About Peanuts
The characters of Peanuts and related intellectual property are owned by Peanuts Worldwide, which is 41% owned by WildBrain Ltd., 39% owned by Sony Music Entertainment (Japan) Inc., and 20% owned by the family of Charles M. Schulz, who first introduced the world to Peanuts in 1950, when the comic strip debuted in seven newspapers. Since then, Charlie Brown, Snoopy and the rest of the Peanuts gang have made an indelible mark on popular culture. In addition to enjoying beloved Peanuts shows and specials on Apple TV+, fans of all ages celebrate the Peanuts brand worldwide through thousands of consumer products, as well as amusement park attractions, cultural events, social media, and comic strips available in all formats, from traditional to digital. In 2018, Peanuts partnered with NASA on a multi-year Space Act Agreement designed to inspire a passion for space exploration and STEM among the next generation of students.

View original content:https://www.prnewswire.com/news-releases/ring-in-2025-with-solitaire-grand-harvests-new-year-celebration-featuring-snoopy-302338478.html

SOURCE Playtika Holding Corp.

Continue Reading

Technology

Science and Technology Daily: Tech with Heart AI for Good AI with a Human Touch

Published

on

By

BEIJING, Dec. 29, 2024 /PRNewswire/ — In 1949, pioneering computer scientist Edmund Callis Berkeley envisioned a future filled with thinking machines in his book Giant Brains, or Machines That Think. Decades later, his vision has become a reality with artificial intelligence (AI) reshaping industries, societies and daily lives.

 

The progress however, is far from straightforward. While AI excites people with its potential, it also raises questions about ethics, safety and its impact on human life.

Recently, Science and Technology Daily hosted a panel discussion, “Tech with Heart, AI for Good”, on how AI empowers life and bridges human limitations but also needs guard rails to ensure it remains under control.

Omnipresent AI

AI is reshaping the way we live, work and interact with the world. For Zeng Yi, a professor at the Institute of Automation, Chinese Academy of Sciences and an expert of the United Nations’ high-level advisory body on AI, the motivation to advance AI technology lies in its potential to liberate humans from repetitive and labor-intensive tasks.

“Combining AI with robotics allows us to redirect human energy toward more creative and meaningful pursuits,” Zeng said. He highlighted how AI-powered robots are stepping into hazardous fields such as firefighting, disaster relief and space exploration. Lunar rovers equipped with advanced AI capabilities are conducting complex analyses on the moon’s surface — tasks too risky for human scientists.

Besides industrial applications, AI is making a significant impact on environmental conservation such as tracking wildlife.

AI’s potential extends into our everyday lives as well. Gao Shaolin, an expert at Peking University Law and Artificial Intelligence Research Center, mentioned a recent road trip during which he drove 3,000 kilometers on highways without coming across a single traffic accident.

“This is extraordinary,” Gao said, attributing the improvement to advancements in AI-driven safety features in modern vehicles.

From fatigue-monitoring systems in trucks to self-driving technologies in electric cars, these innovations are drastically reducing the likelihood of accidents.

However, both Zeng and Gao agreed that AI should not aim to replace humans but rather enhance human expertise and efficiency. AI can amplify human capacity, leaving room for creativity and innovation.

Responsible AI

As AI continues to evolve, responsibility becomes a critical issue. Zeng quoted Berkeley, who wrote, “It is often easier for scientists to create a device than to guide it well afterward.” Berkeley urged innovators to think beyond breakthroughs and address potential risks.

The question of accountability becomes central. Who will be responsible for any problem caused by AI? “AI is not an independent legal entity,” Gao emphasized, pointing out that current AI systems are tools rather than autonomous entities. The responsibility for their actions lies squarely with their developers, service providers and users.

“AI should be as intelligent as necessary, but it must remain under human control,” Gao stressed. As Zeng put it, “The key is ensuring AI coexists harmoniously with humans, not as a competitor but as a collaborator.”

Wu Baojun, executive deputy secretary-general of the Association for Science and Technology of the University of Chinese Academy of Sciences, said the rapid advancement of AI must be accompanied by efforts to ensure its reliability and safety within ethical frameworks.

“Our research in AI,” Wu said, “aims to explore unknown territories, eliminate human fears and make AI more reliable.”

Reliable AI

China has consistently demonstrated a forward-thinking approach to AI development, balancing technological innovation with social and ethical considerations.

As Matt Sheehan from the Carnegie Endowment for International Peace wrote in an article, “China is in the midst of rolling out some of the world’s earliest and most detailed regulations governing artificial intelligence.”

In 2017, China released the Next Generation Artificial Intelligence Development Plan to encourage diverse AI methodologies, such as deep learning, knowledge-based reasoning and large-scale modeling. The plan also emphasized ethical governance, with over a dozen references to social and legal challenges.

In May 2019, it was followed by the Beijing AI Principles, which set out clear guidelines for AI research and development, advocating respect for privacy, human dignity and human rights.

These visions were strengthened in July 2024 when the 78th UN General Assembly unanimously adopted a resolution proposed by China and co-sponsored by over 140 countries. The resolution emphasized the human-centered development of AI, international cooperation, and promotion of AI to benefit humanity as a whole.

Zeng said China’s AI strategy reflects a responsible and inclusive approach: “China’s AI development strategy is not limited to promoting domestic economic growth. They aim to empower humanity and promote sustainable development goals.”

Shared AI principles

AI governance has become a global priority with nations striving to ensure that technology develops responsibly and inclusively.

“We analyzed global AI ethics guidelines and found that 95 percent of the topics are consistent across countries. Concepts like human-centered development, transparency, fairness, safety and privacy protection are widely endorsed,” Zeng said, adding that nations worldwide largely agree on the foundational principles for AI ethics and governance.

In 2023, the Bletchley Declaration on AI safety was signed by 28 countries and the European Union. This marked the first broad agreement on the importance of AI safety as a global issue. In 2024, the UNESCO Recommendation on the Ethics of Artificial Intelligence was adopted unanimously by all member states, which is another example of the global consensus.

China is playing an active role in promoting international cooperation on AI governance. “AI must empower all nations, not just the technologically advanced ones. We should guide AI for good with collective efforts and shared responsibilities,” Gao said.

Executive Producers: Wang Junming, He Yi

Producer: Fang Linlin

Reporters: Long Yun, Zhong Jianli, Gong Qian

Subtitle Proofreaders: Wang Jing, Cen Yingjie

Video Editing Instructor: Wang Xiaolong

AI Technology Advisor: Liu Yang

Cameramen: Liu Xiao, Li Huitao, Li Tianji

Video Editor: Zhang Shunping

Reviewer: Fang Linlin

View original content to download multimedia:https://www.prnewswire.com/news-releases/science-and-technology-daily-tech-with-heart-ai-for-good-ai-with-a-human-touch-302339939.html

SOURCE Science and Technology Daily

Continue Reading

Technology

ZT Mining Pioneers Innovative Solutions in the Cloud Mining Industry

Published

on

By

ZT Mining launches user-friendly cloud mining services with free options, renewable energy integration, and educational resources, promoting sustainable cryptocurrency mining.

READING, England, Dec. 28, 2024 /PRNewswire-PRWeb/ — As the cryptocurrency industry grows, the demand for accessible and efficient mining solutions has never been higher. ZT Mining, a leading innovator in cloud mining, announces a new range of services designed to democratize access to cryptocurrency mining while addressing environmental concerns.

free cloud mining site, best cloud mining, crypto mining

Cloud Mining Made Simple

ZT Mining provides a platform for users to mine Bitcoin and other cryptocurrencies without the need for specialized hardware or technical expertise. By simplifying the process, the company caters to a broad audience, from crypto enthusiasts to first-time investors. Its streamlined registration and user-friendly interface allow participants to start mining in minutes.

Free Cloud Mining Option for Starters

The platform introduces free cloud mining opportunities, enabling users to begin their mining journey without upfront costs. This initiative lowers barriers to entry, making it easier for individuals to explore the cryptocurrency space.

Sustainability at the Core

Recognizing the environmental impact of traditional mining, ZT Mining incorporates renewable energy into its operations. By leveraging green energy sources, the company reduces its carbon footprint, aligning with global sustainability goals.

A Trusted Name in Cloud Mining

ZT Mining emphasizes transparency and reliability. Contracts come with clear terms, competitive rates, and no hidden fees. The platform also offers robust security measures, ensuring user data and funds remain protected.

Empowering Users Through Education

To support informed decision-making, ZT Mining provides educational resources on cryptocurrency and cloud mining. Users can access guides and insights to better understand mining profitability and industry trends.

Industry Recognition

ZT Mining’s innovative approach has positioned it as one of the best cloud mining platforms in the industry. With endorsements from leading crypto analysts and positive user feedback, the company is quickly becoming a trusted name for mining solutions.

Looking Ahead

ZT Mining continues to innovate, aiming to provide even more opportunities for users to benefit from cloud mining. With plans to expand its renewable energy partnerships and introduce advanced mining algorithms, the company is setting the standard for sustainable and user-friendly cryptocurrency mining.

For more information, visit ZT Mining’s official website.

Media Contact

Nancy Delia, ZT CLOUD SERVICES LIMITED, 44 7301463290, nancy.delia@ztmining.com, https://ztmining.com

View original content to download multimedia:https://www.prweb.com/releases/zt-mining-pioneers-innovative-solutions-in-the-cloud-mining-industry-302339664.html

SOURCE ZT CLOUD SERVICES LIMITED

Continue Reading

Trending