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Enzymes Market Insights – Global Analysis and Forecast by (2020 – 2027) by Top Manufacturers DuPont, Novozymes, DSM, Lonza Group, Amano Enzyme Inc., BASF SE


Enzymes Market Insig

iCrowdNewswire   Jan 14, 2021  8:00 AM ET

Market Size – USD 9.80 billion in 2019, Market Growth – CAGR of 6.9%, Market Trends –Growing demand for high-quality food products

The demand for renewable energy sources such as biofuels is increasing, which in turn leads to an increase in demand for enzymes. The use of enzymes in the pharmaceutical and science & biotechnology industries is also rising the incidence of chronic diseases such as inflammation and digestive diseases. The increasing understanding of the use of enzymes in protein engineering technology is one of the main driving forces for the future.

Importantly, the study not only helps spot the major vendors but also their winning strategies. The real-time data accumulated through qualitative and quantitative research technique further help business owners determine where they stand in comparison to their region, country, and product category.   

Key participants include DuPont, Novozymes, DSM, Lonza Group, Amano Enzyme Inc., BASF SE, Advanced Enzyme Technologies, Hansen Holdings A/S, Associated British Foods plc, and Enzyme Development Corporation, among others.

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Enzymes Market Drivers

The size of the global enzymes market in 2019 was estimated at USD 9.80 billion and is projected to hit USD 16.69 billion at a CAGR of 6.9% by 2027. In particular, the rising demand for specialty and industrial enzymes from the pharmaceutical, food & beverage and animal feed sectors is driving the market. Growing consumer perception of health has encouraged consumers to eat more functional food items, which will, in turn, boost demand for the product over the forecast period. The increasing demand for high-quality food products is one of the major contributing factors to the growth of the industry in the last few years. In the industrial enzymes market, the trend of consuming high-quality food products has boosted demand for flavoring and processing. The emergence of high opportunities in the developing countries’ untapped market is expected to boost demand for the product.

Enzymes Market: Regional Outlook

In terms of sales, North America dominated the market with a 48.6% share. Due to the growing government initiatives to encourage the production of biofuels and the increasing investment in the research & biotechnology industry, it is expected to register a substantial CAGR over the forecast period in 2019. Due to the rise in disposable incomes, increasing prevalence of chronic disorders, increasing knowledge of protein engineering techniques and enzyme-based pharmaceuticals among patients, Asia Pacific is projected to register the highest CAGR of 7.4% over the forecast period.

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Source Outlook (Revenue, USD Billion; 2017-2027)

Animals

Microorganisms

Plants

Product Outlook (Revenue, USD Billion; 2017-2027)

Proteases

Carbohydrase

Polymerases & Nucleases

Lipases

Others

Application Outlook (Revenue, USD Billion; 2017-2027)

Specialty Enzymes (Research & Biotechnology, Pharmaceuticals, Biocatalysts, Diagnostics)

Industrial Enzymes (Food & Beverage, Animal Feed, Wastewater, Biofuels, Detergents)

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Analysis of both the strengths and weaknesses of the key market players help business owners understand the strategies they should avoid and endorse.

Frequently Asked Questions:

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What are the factors driving the Enzymes Market?

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What is the key application of Enzymes in different sectors?

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Keywords:    Enzymes Market, Enzymes Market Size, Enzymes Market Share, Enzymes Market Trends, Enzymes Market Growth, Enzymes Market Opportunity, Enzymes Market Analysis, Enzymes Market Segments

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