"Global Enzymes Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz. The global enzymes market report has been segmented on the basis of type, product, application, and region.
Global Enzymes Market: Introduction:
Enzymes are protein molecules which acts as a biological catalyst to increase speed to metabolic reactions. Enzymes are proteinaceous in nature and have the ability to react with a specific reactant. They are used in applications such as food & beverages, textiles, animal feed, detergents, and pharmaceuticals.
Global Enzymes Market: Dynamics
Growing demand for enzymes in food & beverage, pharmaceuticals, and detergent applications is expected to drive revenue growth of the enzymes market over the forecast period. Rising demand for enzymes in the food industry for food processing, meat processing, cheese manufacturing, fruit juice clarification, germination in breweries is expected to support revenue growth of the global target market. Moreover, the increasing demand for biofuels in developing economies is expected to support the revenue growth of the target market.
Rising consumer awareness regarding the quality of food & beverages and increasing demand for dietary food products in developed countries is expected to drive revenue growth of the market.
However, stringent government regulations in developed countries is expected to restrain revenue growth of target market over the forecast period.
Global Enzymes Market: Type Insights
On the basis of product type, the industrial enzymes segment is expected to account significant revenue share in the global enzymes market. Growing demand for industrial enzymes in nutraceutical applications is a major factor expected to drive revenue growth of this segment over the forecast period.
Global Enzymes Market: Application Analysis
On the basis of application, the food & beverage segment is expected to account significant revenue share in the global target market. Rising demand for food enzymes in dairy products, meat processing, and sugar production is expected to support revenue growth of this segment over the forecast period. Moreover, rising demand for nutritional food among consumers owing to growing health awareness is expected to drive revenue growth of food & beverage segment.
Global Enzymes Market: Regional Insights
Asia Pacific market is expected to account major revenue share in the global enzymes market. The growing food & beverage and pharmaceuticals sectors in the counties such as China and India is expected to drive revenue growth of target market in Asia Pacific. Moreover, growing food consumption in the region owing to population, urbanization, and rising awareness towards food safety are factors expected to support revenue growth of Asia Pacific enzymes market over the forecast period. Furthermore, the increasing number of government initiatives such as Make in India is expected to drive revenue growth of Asia Pacific enzymes market. Asia Pacific accounts for the major revenue share of the global target market, followed by markets in North America, Europe, Latin America, and Middle East & Africa. The enzymes market in Europe is expected to grow at a moderate growth rate over the forecast period. Increasing production of biofuels coupled with growing demand for cattle feed are major factors expected to drive revenue growth of enzymes market in Europe.
Global Enzymes Market Segmentation:
Segmentation by Type:
- Industrial Enzymes
- Specialty Enzymes
Segmentation by Product:
- Polymerase and Nuclease
Segmentation by Application:
- Food and Beverages
- Animal Feed
- Personal Care & Cosmetics
- Others (Textile, Paper & Pulp, Wastewater)
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2017 Estimated Year 2018 Forecast Period 2018–2028 Revenue in US$
- Novozymes A/S
- I. du Pont de Nemours and Company
- BASF SE
- Koninklijke DSM N.V.
- Advanced Enzyme Technologies Ltd.
- Novus International Inc.
- AB Enzymes GmbH
- Hansen Holding A/S
- Adisseo France S.A.S.
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