The industrial enzymes market is projected to grow at a CAGR of6.5% during the forecast period. According to the analyst, the industrial enzymes market is estimated to be valued at USD 5.9 billion in 2020 and is projected to reach USD 8.7 billion by 2026, recording a CAGR of 6.5%, in terms of value. Factors such as the growing environmental concerns andthe rise in demand for bioethanol and advancement tools to optimize industrial production are projected to drive the growth of the industrial enzymes market during the forecast period. However, the growth of the industrial enzymes market is inhibited by factors, such as high adaptation costs involved for small-&medium-sized enterprises. In addition, the stringent regulatory framework for the use of industrial enzymes inhibits the growth of this market. • By type, the proteases segmentis projected to grow at the highest CAGR during the forecast period.
Proteases are essential enzymes for the digestion of protein and have become significant for use in the food & beverage industry. Proteases can hydrolyze all types of proteins, provided that they are not components of living cells.These enzymes can be obtained from plants, animals, and microorganisms in several conditions, such as high salt concentrations. Furthermore, proteases have been used to remove hair from hides, which helps in mitigating the usage of hazardous chemicals in the leather industry. • By source, the microorganism segment is estimated to account for the largest share.
Based on source, the industrial enzymes market is segmented into microorganism, plant, and animal.The microorganism segment is estimated to account for the largest share of the industrial enzymes market as it is a primary source due to its special characteristics and other biochemical properties.In addition, microbial enzymes are an important source of raw materials for industrial applications due to their diversity.Key factors that encourage manufacturers to opt for enzymes from microbial sources are their active and stable nature and their capability to degrade a wide range of complex substrates into more useful energy sources.
The Asia Pacific region is projected to grow at the highest CAGR during the forecast period The industrial enzymes market in the Asia Pacific region is largely driven by industrial shift and technological advancements that have made enzymes available for a wide range of applications.Developed markets such as North America and Western Europe are becoming mature, which has led to faster growth in developing markets such as Asia Pacific. Furthermore, the changing consumer preference in the food & beverage industry has contributed to the growth of the industrial enzymes market in this region.
The industrial enzymes marketis segmented region-wise, with a detailed analysis of each region. These regions include North America, Europe, Asia Pacific,and RoW (Brazil, Argentina, South Africa, and others in RoW).
Break-up of Primaries • By Value Chain:Supply side – 57% and Demand side – 43% • By Designation:CXOs - 29%,Managers–21%, and Executives–50% • By Region:North America - 34%, Europe - 37%,Asia Pacific - 16%,and RoW - 13%
Leading players profiled in this report include the following: • BASF (Germany) • Novozymes (Denmark) • DuPont (US) • DSM (Netherlands) • Kerry Group (Ireland) • Dyadic International (US) • Advanced Enzymes (India) • Chr. Hansen (Denmark) • Amano Enzymes (Japan) • Megazyme (Ireland) • Aumgene Biosciences (India) • Biocatalysts (UK) • Enzyme Supplies (UK) • Creative Enzymes (US) • Enzyme Solutions (US) • Enzymatic Deinking Technologies (US) • Sunson Industry Group (China) • MetGen (Finland) • Denykem (UK) • Tex Biosciences (India)
Research Coverage This report segments the industrial enzymes market on the basis of type, source,form, application, and region. In terms of insights, this research report focuses on various levels of analyses—competitive landscape,pricing insights, end-use analysis, and company profiles—which together comprise and discuss the basic views on the emerging & high-growth segments of the industrial enzymes market, high-growth regions, countries, industry trends, drivers, restraints, opportunities, and challenges.
Reasons to buy this report • To get a comprehensive overview of the industrial enzymes market • To gain wide-ranging information about the top players in this industry, their product portfolio details, and the key strategies adopted by them • To gain insights about the major countries/regions, in which the industrial enzymes market is flourishing
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The enzymes market isprojected to grow at a CAGR of6.7% during the forecast period. According to the analyst, the enzymes market is estimated to be valued atUSD 10.0 billion in 2019 and is projected to reach USD 14.7billion by 2025, recording a CAGR of 6.7%, in terms of value. Factors such as the increasing environmental...
This report analyzes the proteases market, in terms of source, application, methods of production, formulation, product, and region. The proteases market has grown rapidly in the last few years and is projected to reach a value of USD 2.21 billion in 2021 at a CAGR of 6% from 2016 to 2021. The primary factors driving the global success of...
Executive Summary A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of Global Industrial Enzymes Market By Enzyme Type (Carbohydrases, Proteases, Polymerases and Nucleases and...
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