South Korea Non-starch Polysaccharides Enzyme Market was valued at USD 0.2 Billion in 2022 and is projected to reach USD 0.4 Billion by 2030, growing at a CAGR of 8.5% from 2024 to 2030.
South Korea's Non-starch Polysaccharides Enzyme Market: Industrial Applications and Growing Demand
South Korea's industrial enzymes market has been experiencing significant growth, with revenues reaching USD 147.3 million in 2022 and projected to climb to USD 260.8 million by 2030, reflecting a compound annual growth rate (CAGR) of 7.4% from 2023 to 2030. A substantial portion of this expansion is attributed to the increasing demand for non-starch polysaccharide (NSP) enzymes, particularly carbohydrases, which accounted for 46.1% of the market share in 2022.
NSP enzymes play a crucial role in various industries by breaking down complex carbohydrates found in plant materials. In the animal feed sector, these enzymes enhance nutrient absorption and improve feed efficiency. Monogastric animals, such as poultry and swine, lack endogenous enzymes to degrade fibers like cellulose and hemicellulose. Incorporating NSP enzymes into their feed aids in hydrolyzing these fibers, leading to better digestion and overall health.
The food and beverage industry also benefits from NSP enzymes. They are utilized to modify the texture and nutritional profile of products, contributing to the production of high-fiber foods that cater to health-conscious consumers. Additionally, these enzymes assist in the extraction and clarification of fruit juices, enhancing yield and quality.
South Korea's emphasis on biotechnology and sustainable solutions has further propelled the adoption of NSP enzymes. The government's support for research and development in this field has led to innovations aimed at improving enzyme efficiency and reducing production costs. As a result, domestic companies are increasingly competitive in the global enzyme market.
With the ongoing advancements in enzyme technology and the rising awareness of their benefits across various industries, the demand for NSP enzymes in South Korea is expected to continue its upward trajectory. This trend not only reflects the country's commitment to innovation but also highlights the growing importance of sustainable industrial practices.
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Du Pont
AB Enzymes
Dsm
Novozymes
Adisseo
Dyadic International
Amano Enzyme Incrporated
BASF
Advanced Enzymes Technologies
Alltech Inc Guolong Group
Lanxing Adisseo
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Non-starch Polysaccharides Enzyme Market
Cellulases
Pectinases
Xylanases
Beta-glucanases
Chitinases
Food and Beverage
Animal Feed
Textiles
Pulp and Paper
Biofuels
Microbial
Plant
Animal
Liquid Enzymes
Granular Enzymes
Powdered Enzymes
Food Industry
Feed Industry
Pharmaceuticals
Cosmetics
Biotechnology
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Non-starch Polysaccharides Enzyme Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Non-starch Polysaccharides Enzyme Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Non-starch Polysaccharides Enzyme Market, By Type
6. South Korea Non-starch Polysaccharides Enzyme Market, By Application
7. South Korea Non-starch Polysaccharides Enzyme Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Non-starch Polysaccharides Enzyme Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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