Top 5 Vendors in the Specialty Enzymes Market from 2017 to 2021: Technavio
LONDON–(BUSINESS WIRE)–#Research—Technavio
has announced the top five leading vendors in their recent global
specialty enzymes market report. This research report
also lists four other prominent vendors that are expected to impact the
market during the forecast period.
The specialty
enzymes market is expected to grow rapidly owing to the
increasing demand from the pharmaceutical sector and other fast-growing
applications in the diagnostics sector. The biotechnology sector is one
of the fastest growing sectors that are impacting the specialty enzymes
market.
Competitive vendor landscape
The global specialty enzymes market is consolidated due to the presence
of a few vendors. Growing pharmaceutical sector coupled with demand for
specialty enzymes for diagnostics has spurred the demand for growth in
specialty enzymes.
โThe focus on R&D, expansion strategies, customization of product
offerings, and engagement of existing customers to attract potential
customers has increased. Customers seek innovative and efficient
enzymatic solutions while being price sensitive,โ says Hitesh
Bhatia, a lead specialty
chemicals research analyst from Technavio.
Global and local players are trying to hold a competitive position in
the market by focusing on novel application enzymes. Global expansions
are on the rise to tap growth prospects in developing economies.
Strategic alliances with local manufacturers will aid global
manufacturers to increase their offering and gain a regional foothold.
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Top five specialty enzymes market vendors
AST Enzymes
AST Enzymes engages in the manufacture of pharmaceutical-grade enzyme
supplements for cardiovascular, anti-inflammatory, joint, digestive, and
colon health. It formulates and creates enzyme supplements that are
manufactured using non-genetically modified (non-GM) natural ingredients.
BASF
BASF engages in the production of enzymes for human and animal nutrition
and for detergents and cleaners. The acquisition of Verenium (now BASF
Enzymes), was the biggest strategic decision taken by BASF. It enabled
the company to access an enzyme technology platform for industrial
enzymes.
Codexis
Codexis has a proprietary protein engineering platform, CodeEvolver. It
offers specialty enzymes and screening kits. The enzymes manufactured
from CodeEvolver platform are used to produce key ingredients in various
blockbuster drugs, including atorvastatin, sitagliptin, simvastatin,
esomeprazole, rivastigmine, and crizotinib.
DSM
DSM is a life sciences and material sciences company that caters to a
wide range of markets, including animal nutrition and health, automotive
and transportation, building and construction, crop protection,
electrical and electronics, energy, marine, manufacturing and equipment,
life protection, furniture, food and beverages, dietary supplements,
flavors and fragrances, medical, packaging and graphic arts, paints and
coatings, personal care, pharmaceuticals, sports, leisure and consumer
goods, and textiles and clothing industries.
Novozymes
Novozymes is one of the leading manufacturers of industrial enzymes. It
designs, manufactures, and markets industrial enzymes, biopolymers, and
microorganisms. The company offers its products to various industries
and operates through five market segments: Household care, food and
beverages, agriculture and feed, and technical and pharmaceutical.
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About Technavio
Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
re-sellers, and end-users.
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