Selbyville, Delaware, April 29, 2021 (GLOBE NEWSWIRE) -- As cited by industry experts and forecasters, global enzymes market size was worth USD 9.9 billion in 2019 and is anticipated to exhibit a compound annual growth rate of 7.1% over 2020-2027, reaching a valuation of USD 17.17 billion by the end of the stipulated duration.
Furthermore, the research literature provides an expansive view of this industry vertical through multiple segments, mainly product type, application spectrum, source terrain, and regional bifurcation. Individual valuation, growth rate, market share, and all attributes influencing the progression of each segment are highlighted for uncovering the top growth avenues for the forthcoming years. Moreover, prominent industry players are profiled with regards to vitals such as product portfolio, profit margin, market positioning, and investment discretion in this report.
Escalating product demand for high quality food products, biofuels, and paper processing, coupled with rising adoption in rubber processing techniques as well as molecular biology are catalyzing global enzymes market growth.
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For the record, enzymes refer to the proteins which act as biological catalysts and increase chemical reactions in all living organisms, primarily humans, plants, animals, and microorganisms. Apparently, industry participants are making substantial investments in biotechnology as well as research activities, which in turn is propelling the industry expansion.
In addition to this, rising focus of companies towards expanding their fermentation and microbial technology platforms, along with growing awareness regarding the application of enzymes in protein engineering technology are stimulating global enzymes market outlook.
On the contrary, imposition of stringent regulations and regional jurisdiction are expected to barricade business development in the forthcoming years.
Market segmentations
The application spectrum of worldwide enzymes business domain is split into specialty enzymes, and industrial enzymes. Moving on to product terrain, the industry is segmented to polymerases & nucleases, lipases, proteases, carbohydrase, and others.
Regional outlook
From a regional viewpoint, Latin America, Europe, North America, and Asia-Pacific are the key contributors of global enzymes market remuneration. Among these, Europe currently captures a majority market share, on account of surging demand for biofuels, and growing concerns regarding greenhouse gas emissions.
Meanwhile, Asia-Pacific enzymes market is projected to grow tremendously, registering the highest compound annual growth rate over 2020-2027. Growing consumption of animal feed as well as detergent, along with rapid development in food & beverages vertical are emerging as remunerative opportunities for the regional market.
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Global Enzymes Market Product Type Sub-segments (Revenue, USD Billion, 2017-2027)
- Specialty Enzymes
- Industrial Enzymes
Global Enzymes Market Application Spectrum Sub-segments (Revenue, USD Billion, 2017-2027)
- Polymerases & Nucleases
- Lipases
- Proteases
- Carbohydrase
- Others
Global Enzymes Market by Source Sub-segments (Revenue, USD Billion, 2017-2027)
- Microorganisms
- Animals
- Plants
Global Enzymes Market Regional Outlook (Revenue, USD Billion, 2017-2027)
Latin America
- Mexico
- Brazil
Europe
- Italy
- France
- Spain
- Germany
- United Kingdom
- Rest of Europe
Asia-Pacific
- South Korea
- India
- China
- Australia
- Japan
- Rest of APAC
North America
- United States of America
- Canada
Global Enzymes Market Competitive Landscape (Revenue, USD Billion, 2017-2027)
- Danisco A/S (acquired by DuPont de Nemours Inc.)
- BASF SE
- Novozymes A/S
- BBI Solutions
- Novus International Inc.
- Koninklijke DSM N.V.
- Associated British Foods plc
- Advanced Enzyme Technologies Ltd.
- Chr. Hansen Holding A/S
- Lesaffre Group
Table of content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Enzymes Market, by Region, 2018-2027 (USD Billion)
1.2.2. Enzymes Market, by Application, 2018-2027 (USD Billion)
1.2.3. Enzymes Market, by Product, 2018-2027 (USD Billion)
1.2.4. Enzymes Market, by Source, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Enzymes Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Enzymes Market Dynamics
3.1. Enzymes Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Enzymes Market Industry Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Enzymes Market, by Application
5.1. Market Snapshot
5.2. Global Enzymes Market by Application, Performance - Potential Analysis
5.3. Global Enzymes Market Estimates & Forecasts by Application 2017-2027 (USD Billion)
5.4. Enzymes Market, Sub Segment Analysis
5.4.1. Industrial Enzymes
5.4.2. 5.4.1.1. Specialty Enzymes
5.4.2.1.
Chapter 6. Global Enzymes Market, by Product
6.1. Market Snapshot
6.2. Global Enzymes Market by Product, Performance - Potential Analysis
6.3. Global Enzymes Market Estimates & Forecasts by Product 2017-2027 (USD Billion)
6.4. Enzymes Market, Sub Segment Analysis
6.4.1. Carbohydrase
6.4.2. Proteases
6.4.3. Lipases
6.4.4. Polymerases & Nucleases
6.4.5. Others
Chapter 7. Global Enzymes Market, by Source
7.1. Market Snapshot
7.2. Global Enzymes Market by Source, Performance - Potential Analysis
7.3. Global Enzymes Market Estimates & Forecasts bySource2017-2027 (USD Billion)
7.4. Enzymes Market, Sub Segment Analysis
7.4.1. Plants
7.4.2. Animals
7.4.3. Microorganisms
Chapter 8. Global Enzymes Market, Regional Analysis
Related Report:
Global Industrial Enzymes Market Size and Regional Forecasts 2020-2027
Global Industrial Enzymes Market to reach USD 9.2 billion by 2027.Global Industrial Enzymes Market is valued approximately USD 5.6 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 6.4% over the forecast period 2020-2027. Industrial Enzymes are extracted from plant tissue, animal tissue and microorganism. These are largely produced by fermentation process. Generally used by animal feed, cosmetics, food and other industries and help those industries in improving their production efficiency and making environment friendly products. The increasing demand in food and beverages industry and biofuel industry due to depletion in fossil fuels are expected to drive the demand for industrial enzymes. For Instance: in 2019, food and beverages industry led the market with over 22 % share of global revenue followed by detergent application. Also, companies are increasing their investment in innovation and technologies which is expected to introduce new product in the market.
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