The Latin America Carbohydrase Market had a market value of USD 37.77 billion in 2022 and is forecasted to exhibit a CAGR of 6.35% and reach USD 52.06 billion by 2028. The Carbohydrase market is predicted to showcase huge potential in the forecasting period. The market has continued to gain momentum with sudden growth witnessed by the pharma sector in recent years. This has made the companies to turn their field of interest towards the carbohydrase market.
Carbohydrase is a kind of enzyme, with a large family of cellulase, amylase etc. Carbohydrase is an important raw material in various application in different industries like, food, beverages, animal feed, pharmaceuticals, leather, textile, and others. One of the major purpose of carbohydrase in these industries is to reduce the greenhouse gas emission and avoid wastage of other raw materials.
The pharmaceutical industry has experienced a significant growth recently, which has been a key factor in the favour of Latin America Carbohydrase Market. Other important factors, driving the market growth include emerging applications of carbohydrase, advancements in technology in enzyme engineering, increasing demand in Asia-Pacific. On the other hand, the market also faces some restraints. These include temperature and pH in alpha-amylase activity and high production costs. These factors have been holding down the market from reaching its full potential.
The Latin America Carbohydrase market is broadly classified on the basis of type, source and application. The segmentation on the basis of type is done under amylase and cellulase. On the basis of source, the market is categorized into animals, plants and microorganisms. Lastly the segmentation is done on the basis of application under pharmaceuticals, food & beverages, animal feed and others.
Geographically the Latin America Carbohydrase Market is segmented into Brazil, Mexico, Argentina, Chile and Rest of Latin America.
Key Players in the Market:
Major Key Players in the Latin America Carbohydrase Market are
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