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Global Enzymes Market Analysis by source, by enzyme type and by end user with regional outlook and forecast to 2025
Global Market Landscape
The global enzyme market 2017 was valued USD 6.6 billion and is anticipated to reach USD 14.23 billion by 2030 and is estimated to rise 7.1% at a healthy pace. The global enzyme market was dominated by the food and beverage industry, which benefits from the expansion of the middle class in rapidly developing economies. Growth came mostly from baking enzymes and other smaller applications such as fat and oil processing. Global demand for industrial enzyme is anticipated to grow 4.1% per year to USD 5.5 billion by 2025, stimulated by demand for products made using enzymes such as food, beverages, laundry detergents, and automatic dishwashing detergents. Novozymes produces enzymes by fermenting microorganisms which can be genetically modified to improve the production process and can also use gene technology to develop new enzymes. The global food enzymes market is anticipated at USD 2.2 billion in 2018 and is projected to reach USD 3.33 billion by 2025, at a CAGR of 6.9% during the forecast period attributed to the factors such as waste reduction and energy savings in food processing and the demand for environment-friendly manufacturing processes and improved food quality.
Evolution of enzyme technology coupled with the genetic engineering tends to have the positive impact of enzymes on genetically modified foods/crops. In addition, growing demand of enzyme in various industries to create eco-friendly hemisphere is driving the world enzyme market.
Health hazards, stringent legal regulations and ethical concerns related to genetic engineering are creating hurdles for the manufacturers in enzyme industry.
However, global enzyme market sees the opportunities in the nutraceuticals market coupled with protein engineering in the scenario. Patent landscape holds the bright future in enzyme industry. For instance, Novozymes is the world leader in biological solutions. Together with customers, partners and the global community, they are working on to improve industrial performance while preserving the planet’s resources and helping to build better lives.
Future-proofing Business Through Biological Solutions
Future-proofing business means adapting to market changes, differentiating products, reducing costs and making production more environmentally friendly. Customers have been turning the enzymes and microorganisms into business value. There are companies providing with the business opportunities with the biological solutions in the field of agriculture, bioenergy, food & beverage, waste water treatment, textiles, forest products, leather, pharmaceuticals and house hold care. For instance, there are solutions available to remove complex stains with the multi-enzyme solutions and enzymes are boosting ethanol plant performance in Bioenergy category.
Regional Market Analysis
North America (US, Canada) Enzymes Market
Europe (Germany, UK, Russia, Italy, Spain, France, BENELUX and Rest of Europe) Enzymes Market
Asia Pacific (China, Japan, Australia, New Zealand, India and Rest of APAC) Enzymes Market
Latin America (Brazil, Mexico and Rest of Latin America) Enzymes Market
Middle East & Africa (GCC Countries, South Africa, Nigeria, Rest of MEA) Enzymes Market
The growth pace of enzymes market will be moderate as maturity in developed regions North America and Western Europe offsets faster growth in the Asia/Pacific and other developing regions. The fast growth over the last 10 years has also been seen transformation in a wealth of other industries spanning from organic synthesis in pharmaceutical industry to diagnostics enzyme with expanded grounds to medical care in developing countries, and the dawn of health care reform in the United States.
Enzyme Manufacturers Market Share Analysis
Market Share (%)
House hold care, food and beverage, bioenergy, Feed and other Technique enzymes, biophamaceuticals
The market research report titled “Global Enzymes Market” by Goldstein Research is the comprehensive review of market drivers, trends, opportunities, issues and restraints in addition to This report analyses the worldwide markets for wearable medical devices in USD Million. The report provides separate comprehensive analytics for the North America Enzymes Market, Europe Enzymes Market, APAC Enzymes Market, Latin America Enzymes Market, Middle East & Africa Enzymes Market. The regional analysis provides insights about the target and potential markets for enzymes across the globe.
The market study includes annual estimates and forecast data on the basis of historical market analysis (2016-2017), current market analysis (2018) & forecast analysis (2019-2030) are derived from primary and secondary research. The research reports covers the Trade Data (Export & Import), By value & volume, Sales (in Units), Investment Flow Analysis, Pipeline Products Insights, Competitive Analysis of Players which includes mergers & acquisition activities, financial analysis, Start-ups associated, global presence, patents, product portfolio, brand recognition & market competition.
Market Study Pattern
Usage pattern (in-depth trend analysis) of enzymes market (segment-wise)
Product matrix which gives a detailed comparison of product portfolio of each company mapped at country and sub-segment level
Applications of the enzymes market products (segment and country wise)
Comprehensive coverage of product approvals, pipeline products, and product recalls
Country-specific presence of target audience that include research organizations, food & beverage industry, textile industry and the other major end users.
Fast turn-around analysis of user response to market events and trends
Pattern analysis of usage of enzyme products by users involved
Brand/Product Perception Matrix
Comprehensive study of end user perception and behavior through our inbuilt social connection tool checking the virality and tonality of blogs
Analysis of overall brand usage and familiarity and brand advocacy distribution (detractor/neutral/familiar)
Alternative Products: Impact analysis
It is an innovative and useful quadrant for vendors who wish to analyze the potential growth markets based on parameters like patient dynamics (Patient pool, epidemiology of disease, preference towards enzymes) and Macroeconomic indicators (investment rate and FDA regulations).
A complementary 2hrs free facility through which report buyers can interact with our pool of experienced analysts for any report related queries, clarifications or additional data requirements