Global Sulfatases Market – Industry Trends and Forecast to 2029

Global Sulfatases Market, By Function (Hormone Regulation, Cellular Degradation, Modulation of Signalling Pathways), Application (Hormone-Dependent Cancers, Lysosomal Storage Disorders, Developmental Abnormalities, Bacterial Pathogenesis), End User (Hospitals, Ambulatory Surgical Centres, Others) – Industry Trends and Forecast to 2029.

Sulfatases Market Analysis and Size

Enzymes are chemicals or catalysts that cells release to accelerate specific chemical reactions. They aid in the reduction of reaction time without being a part of the reaction. When digestibility-improving enzymes are used in animal feed, they help break down parts of the diet that the animal's digestive system cannot break down effectively on its own.

Data Bridge Market Research analyses that the sulfatases market which was valued at USD 343.45 million in 2021 and is expected to reach an approximate value of USD 488.42 million in 2029 growing at a CAGR of 4.50% during the forecast period.  In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Sulfatases Market Scope and Segmentation

Market Definition

Sulfatases are esterase enzymes that catalyse the hydrolysis of sulphate esters. These can be found on a wide variety of substrates, such as steroids, carbohydrates, and proteins. Sulfate esters can be made from a variety of alcohols and amines. Sulfatases are involved in sulphur cycling in the environment, the degradation of sulfated glycosaminoglycans and glycolipids in the lysosome, and the remodelling of sulfated glycosaminoglycans in the extracellular space. Sulfatases, along with sulfotransferases, form the primary catalytic machinery for the synthesis and breakdown of sulphate esters.

Global Sulfatases Market Dynamics

Drivers

• Rising demand for naturally produced feed additives

Sulfatases are driving market growth by increasing demand for animal-based products such as dairy products, meat products, and eggs, as well as increasing demand for naturally produced feed and feed additives and the easy availability of feed ingredients at lower prices.

• Growing concern on food safety and growing application from the pharmaceutical industry

Growing awareness of food safety and animal health will also act as a growth driver for the market, as will rising demand for animal protein, an increase in the animal population, and the remarkable benefits of enzymes.

The increased demand for enzymes in the pharmaceutical industry to synthesise intermediates in active pharmaceutical ingredient (API) production for effective medications is expected to drive the enzymes market forward. Similarly, the ability of an enzyme to convert complex molecules to simpler molecules (starch to glucose) in food and beverage companies, removal of fats and oil stains in the detergent industry, bioethanol for biofuel production, and improved bleaching properties in the paper and pulp industries are expected to drive sulfatases demand in the coming years.

Opportunity

The increasing investment in R&D and adoption of AI and IoT technologies by top market players has resulted in the rapid growth of the global sulfatase market. In the near future, increased government investment in urbanisation is expected to support market growth. Over the forecast period, the market is expected to grow steadily. The presence of key ecosystem players has resulted in a competitive and diverse market.

Restraints

However, rising environmental concerns are acting as a market restraint for the sulfatases market during the forecasted period.

This sulfatases market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the sulfatases market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Sulfatases Market

The economic fallout from the COVID-19 pandemic is being felt by many industries and businesses, with major economies experiencing unprecedented contractions that will take a long time to recover to pre-pandemic levels of growth. The COVID-19 pandemic has had an impact on global industrial production by affecting both raw materials and the supply chain. The pandemic has had a massive impact on the global manufacturing sector. Companies are changing their supply chains, particularly in industries that rely on imports.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• Novozymes and Novo Nordisk Pharmatech collaborated in November 2021 to develop best-in-class technological enzymes to aid biopharmaceutical manufacturing processes.
• In April 2021, BASF has agreed to invest with Sandoz GmbH, a Novartis affiliate, at the Kundl/Schaftenau Campus in Austria. As a result of this transaction, BASF will be able to expand its production footprint for enzymes and biotechnology products.
• In January 2021, Advanced Enzyme Technologies completed the acquisition of a 51 percent controlling interest in SciTech Specialities Private Limited (SSPL) by subscribing to the issuance of 492,630 SSPL equity shares and purchasing 27,778 SSPL equity shares from a few selling SSPL shareholders.

 Global Sulfatases Market Scope

The sulfatases market is segmented on the basis of function, application and end users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Function

• Hormone Regulation
• Cellular Degradation
• Modulation of Signalling Pathways

Application

• Hormone-Dependent Cancers
• Lysosomal Storage Disorders
• Developmental Abnormalities
• Bacterial Pathogenesis

End users

• Hospitals
• Ambulatory Surgical Centres
• Others

Sulfatases Market Regional Analysis/Insights

The sulfatases market is analysed and market size insights and trends are provided by country, function, application and end users as referenced above.

The countries covered in the sulfatases market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America contributed the most to the sulfatases market due to recent advances in protein engineering in the biotechnology sector, followed by Europe and Asia-Pacific. Due to the introduction of new enzymes used in the treatment of various chronic diseases and an increase in the number of development strategies implemented in this region by key players.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Sulfatases Market Share Analysis

The sulfatases market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to sulfatases market.

Some of the major players operating in the sulfatases market are:

• Bayer AG (Germany)
• BASF SE (Germany)
• Yara International (Norway)
• Compass Minerals (U.S.)
• Sumitomo Chemicals (Japan)
• UPL (India)
• K+S Group (Germany)
• Israel Chemical Company (Israel)
• Novozymes A/S (Denmark)
• Syngenta Crop Protection AG (Switzerland)
• Enzyme India Pvt. Ltd. (India)
• Cypher Environmental LTD (U.S.)
• Afrizymes (Pty) Ltd. (Australis)
• American Biosystems Inc. (U.S.)