Global Animal-Sourced Enzyme Market
Global Animal-Sourced Enzyme Market Analysis
According to Verified Market Research, The Global Animal-Sourced Enzyme Market was valued at USD 1.75 Billion in 2018 and is projected to reach USD 2.62 Billion by 2026, growing at a CAGR of 5.2% from 2019 to 2026.
Global Animal-Sourced Enzyme Market Outlook
There are several benefits in animal sourced enzymes, some of which are the cost-effectiveness of the enzymes, especially in comparison to the other sourced enzymes. The number of enzymes (enzyme level) are easier to control and therefore is more predictable as well as the fact that enzymes that are sourced from plants are potentially more harmful in comparison to the ones that are found in animal sourced enzymes.
Many animal source enzymes also have applications in the pharmaceutical industry as they are used as a major constituent in a broad range of pharmaceutical and therapeutic products. They are also used in treating various digestive disorders and for treating wounds & burns. Moreover, they are used in various beauty and skin care products such as sunscreen, anti-radiation, anti-wrinkle, anti-aging, whitening, etc. These animal sourced enzymes are beneficial as they assist in the breakdown of proteins, carbohydrates, fats & fibers, and help in maintaining healthy digestive functions These factors are driving the market for animal sourced enzymes. Factors such as the inability of animal sourced enzymes to be able to function at lower levels are restraining the market for animal sources enzymes.
Global Animal-Sourced Enzyme Market, Competitive Landscape
The Global Animal-Sourced Enzyme Market is highly fragmented with the presence of a large number of manufacturers globally. Some of the major players include AST Enzymes, National Enzyme Company (NEC), Novozymes, BHJ A/S.
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