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

Rovshan Rasulov, Founder and CEO of Rgand, Joins the Forbes Business Council

Published

on

By

Rovshan Rasulov, Founder and CEO of Rgand, an expert in technological entrepreneurship specializing in building and strategically scaling trading and logistics platforms across industries, has been invited to join the Forbes Business Council, one of the world’s premier communities for business leaders.

MIAMI, Jan. 1, 2025 /PRNewswire-PRWeb/ — Rovshan Rasulov, Founder and CEO of Rgand, an expert in technological entrepreneurship specializing in building and strategically scaling trading and logistics platforms across industries, has been invited to join the Forbes Business Council, one of the world’s premier communities for business leaders.

“It’s a tremendous honor to join the Forbes Business Council,” said Rovshan Rasulov. “This recognition motivates me and my team to continue delivering cutting-edge solutions to our clients and driving innovation in the industry.”

Rovshan is widely recognized as the visionary behind the Rgand Marketplace, Sample Box Marathon, and Direct Trade Foundation, pioneering technologies that redefine sales strategies. In 2023, he was honored with an award for his groundbreaking innovations in sales technology.

The Forbes Council selection committee recognized Rovshan for his exceptional business achievements and his impactful contributions to the industry. His membership highlights his professionalism, leadership, and commitment to excellence throughout his career.

“It’s a tremendous honor to join the Forbes Business Council,” said Rovshan Rasulov. “This recognition motivates me and my team to continue delivering cutting-edge solutions to our clients and driving innovation in the industry.”

About Rgand

Rgand is an online wholesale marketplace that connects food producers directly with U.S. restaurants, eliminating middlemen such as wholesalers and distributors.

The platform offers services like Rgand Prime Fulfillment, which provides integrated warehousing and same-day fulfillment solutions for businesses on the Rgand Marketplace. The innovative Sample Box Marathon enables producers to streamline their entry into the restaurant industry supply chain by delivering curated sample boxes directly to potential buyers.

In September 2024, Rgand announced a $100 million accelerator program to support global suppliers entering the U.S. market.

About Forbes Councils

Forbes Councils is a collective of invitation-only communities that bring together exceptional business leaders, connecting them with the resources, insights, and networks needed to thrive and achieve their goals.

Media Contact

Rgand LLC, Rgand LLC, 1 (754) 226-6700, company@rgand.com, https://www.rgand.com/

View original content to download multimedia:https://www.prweb.com/releases/rovshan-rasulov-founder-and-ceo-of-rgand-joins-the-forbes-business-council-302340590.html

SOURCE Rgand LLC

Continue Reading

Technology

Ushering 2025 in a New High: OneOdio Studio Max 1 Breakthrough and OpenRock X Forbidden City Edition at CES 2025

Published

on

By

HONG KONG, Jan. 1, 2025 /PRNewswire/ — OneOdio, a professional DJ headphone brand with a decade of expertise, together with its dynamic sports sub-brand, OpenRock, is gearing up to dazzle attendees at CES 2025 (Jan. 7-10). Visit Booth #31106, South Hall 1, to explore how these two brands are setting a new standard for audio innovation, presenting their cutting-edge products to the world’s largest technology stage.

OneOdio and ShowStoppers at CES 2025

This year, OneOdio is taking its CES 2025 presence to new heights. In addition to showcasing its latest innovations at the booth, the brand will shine at the exclusive ShowStoppers event on January 7, 2025, from 6:00 PM to 10:00 PM PST at Booths #D07 & D09. This high-energy media reception connects top tech companies with over 1,000 leading journalists and industry influencers.

Introducing the Unmatched Studio Max 1: The Best of CES 2025

A centerpiece of OneOdio’s display at CES 2025 will be its latest flagship headphone, the Studio Max 1. Co-branded with Italian DJ Arianna, who has already performed with it in two major European events, this model redefines professional audio, with its most important features outlined below.

Rapid WiLL+ Connection Technology: Super 20ms ultra-low latency, seamless audio
LDAC & Dual Hi-Res Certification: Studio-grade sound, capturing every detail in high-resolution clarity.
4-in-1 Functionality: Switch between Wireless DJ, Bluetooth, Wired Monitoring, and Wired DJ modes for maximum versatility.

With other features like Dual-Mic ENC Noise Reduction and 120-hour battery life, Studio Max 1 keeps DJs fully focused on their performance, lasting for days without recharging. All of these advantages have been recognized by Gadgety Awards and AndroidHeadlines Technology Awards, with it earning the prestigious title of The Best of CES 2025, underscoring its exceptional innovation and performance in the audio technology world.

OpenRock X: Award-Winning Design with Sports in Mind

OpenRock X, OpenRock’s flagship model, was honored with the Good Design Award 2024, a prestigious accolade from Japan that has celebrated excellence in design since 1957. Its innovative adjustable ear-hook design ensures a secure, non-slip fit, making it the ideal companion for sports lovers.

Main Features of OpenRock X – Forbidden City Limited

Taking its innovations further, OpenRock has also presented the Forbidden City Limited version of the OpenRock X. This unique edition blends cultural artistry with superior engineering, making it a standout product in both aesthetics and performance. The version will be showed at CES 2025.

Join Us at CES 2025

Discover how OneOdio and OpenRock are setting new benchmarks in professional and sports audio at CES 2025. Follow us on Facebook and Instagram for the latest updates, and enjoy an exclusive 50% OFF CES discount (code: ATFCUG5N) on the Pro C in champagne gold on Amazon US from January 1–10. Plus, explore other premium audio gear with special CES discounts.

View original content to download multimedia:https://www.prnewswire.com/news-releases/ushering-2025-in-a-new-high-oneodio-studio-max-1-breakthrough-and-openrock-x-forbidden-city-edition-at-ces-2025-302340711.html

SOURCE OneOdio

Continue Reading

Technology

TESSAN x Rachael Yamagata: Inspiring Charging Moments of Innovation and Connection

Published

on

By

NEW YORK, Jan. 1, 2025 /PRNewswire/ — As the new year unfolds, the leading charging solution brand TESSAN proudly announces an inspiring collaboration with the American singer-songwriter Rachael Yamagata. Together, they are embarking on a journey of innovation, encouraging people to discover and engage with the world around them.

Rachael Yamagata has made a significant impact on the global music scene with her soulful and emotionally resonant songs. Her music, characterized by its raw honesty and heartfelt lyrics, has garnered a dedicated international fanbase. Rachael has toured extensively and has a strong following. Her ability to connect deeply with audiences through her music has solidified her place as a beloved and influential artist on the global stage.

For Rachael, a journey represents the balance between planning future destinations and appreciating the present moment. It is a rich tapestry of life, interwoven with new encounters and personal growth. This vision aligns seamlessly with the “connection” concept of TESSAN’s mission, resulting in a strong partnership between TESSAN and Rachael.

Rachael’s experiences as an international traveler have shaped her perspective on the essentials needed for a seamless journey. She emphasizes the importance of efficient packing when traveling, particularly for tours. “You can only take so much because you go on trains, planes, you’re walking through cities, you’re getting cabs, you’re literally changing cities every day,” she shared.

One of Rachael’s main travel challenges is balancing the need to bring essential items without overpacking. TESSAN’s WTA series travel adapter emerges as an indispensable companion to address such challenges during modern travelers’ global exploration. As a user of the WTA series, Rachael finds the series highly appealing due to its excellent connectors, lightweight design, compact size, durability, fast charging capabilities, and ability to charge multiple devices simultaneously.

Weighing only 0.62lb and featuring a compact design, the WTA series fits easily into any luggage. Its classic slider design includes EU, UK, and US plugs, with rotatable pins for sockets in Australia and China, ensuring compatibility worldwide. GaN technology contributes to its lightweight nature and enables faster charging while maintaining a stable temperature, preventing overheating. The WTA series can simultaneously charge multiple devices, including iPhones, Macs, iPads, cameras, and CPAP machines. Built-in safety features, such as double-patented 10A auto-resetting fuses, provide peace of mind when using high-power devices.

As part of the collaboration, TESSAN conducted an exclusive interview with Rachael, capturing the entire process in a documentary. On January 4th, the documentary will premiere on YouTube, offering a glimpse into Rachael’s journey and insights. Through this exchange, TESSAN encourages audiences to ponder “What’s Your Next Journey,” inspiring them to embark on new explorations as a New Year’s resolution.

To support this initiative, TESSAN is launching a series of activities aimed at inspiring users to share the stories in their journeys. Including the sharing of the documentary trailer released on YouTube on January 1st allows participants to enter a prize draw. Then, on January 4th, the TESSAN website will showcase a limited time offer on the WTA series. The excitement will reach its peak on January 8th with a TikTok live event, featuring giveaways of prizes and Rachael Yamagata posters.

This collaboration between TESSAN and Rachael Yamagata is an invitation to explore, connect, and discover new horizons. As the new year begins, it calls for individuals to embark on their own journeys, starting from the comfort of home and reaching out to the world.

About TESSAN

TESSAN, a trusted partner in charging solutions, is committed to enriching experiences both at home and during travel. The brand offers a wide array of products, including multifunctional power strips, travel adapters, wall extenders, and smart home devices. Supported by a robust R&D and production team, TESSAN develops innovative socket products for users across the globe. With the trust of over 20 million users, TESSAN empowers their journeys from home to every destination, promoting environmentally conscious electricity usage.

For more information, visit www.tessan.com or the TESSAN Amazon store, and follow TESSAN on Facebook, Instagram, and YouTube.

View original content to download multimedia:https://www.prnewswire.com/news-releases/tessan-x-rachael-yamagata-inspiring-charging-moments-of-innovation-and-connection-302340596.html

SOURCE TESSAN

Continue Reading

Trending