Sarasota, FL, July 20, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Alcohol Enzyme Market (Carbohydrase, Proteases, Lipases, and Others) for Industrial and Specialty Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 – 2022”. According to the report, global alcohol enzyme market was valued at over USD 1.9 billion in 2016, is expected to reach above USD 3.0 billion by 2022 and is anticipated to grow at a CAGR of slightly above 7.7% between 2016 and 2022.
Alcohol enzymes are a group of enzymes that facilitate hydrolysis and inter conversion of alcohols and aldehydes. Enzymes act as a catalyst in the conversion of complex compounds to simple compounds in metabolic reactions. They are used as catalysts in the process of conversion of complex molecules in different metabolic reactions. Alcohol enzymes are an imperative part of the industrial process, enzymes help in high yield optimization and enhance chemical processes.
Browse through 16 Market Tables and 14 Figures spread through 110 Pages and in-depth TOC on "Global Alcohol Enzyme Market: Industry Type, Application, Trends, Segments and Forecast 2016 – 2022”.
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There has been a huge demand for wine and other processed food due to changing lifestyle which in turn has led to the potential growth of alcohol enzymes market.Surging discretional income and easy availability of raw materials for the production of alcohol enzyme is expected to positively impact the growth of alcohol enzymes market in the near future. Also, diverse applications of alcohol enzymes in food & beverage industry, biofuel, cleaning agents are likely to bolster the growth of alcohol enzymes market over the forecast period. Stringent regulation imposed by governing bodies may hinder the growth of alcohol enzymes market. Nonetheless, untapped market of alcohol enzymes in the emerging economies is expected to offer abundant opportunities for alcohol enzymes market over the forecast period.
Some of the major alcohol enzymes types are carbohydrase, proteases, lipases, and others. Carbohydrase is the major revenue generator segment due to the huge demand in the food industry. Carbohydrase finds a wide range of application in industrial processes and products. Carbohydrase acts as sweetener substitute for sucrose to improve the sensory properties of juices and wines and to reduce lactose in milk. Alcohol enzymes are utilized in industrial and specialty applications such as food & beverage, cleaning agents, biofuel production, pharmaceutical, bio-catalyst and research & biotechnology among others. Among all, food & beverage is the leading segment in the alcohol enzymes market with significant market share.
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North America held the largest market share in 2016 and was considered to be the highest revenue generating region for the alcohol enzymes market. This is mainly contributed by growing demand for bio fuels in this region. In addition, enzymes play a crucial role in wine and beer production. Rising demand for alcoholic beverages in U.S is expected to spur the demand for alcoholic enzymes in this region. Moreover, a sharp rise in pharmaceutical investment in North America has led to high growth in pharma sector which in turn is expected escalates the growth of alcohol enzyme market in the forecast period.
Europe is predicted to witness significant growth over the coming years. Increasing usage of enzymes in food & beverage and cleaning agents is expected to spur the market growth in coming years. High use of enzymes in the production of biofuel is anticipated to foster the growth of enzymes in upcoming years. Europe is anticipated to witness lucrative growth in the market within the forecast period as the region is regaining its economic strength after the economic crisis of 2012. This factor is anticipated to show lucrative growth for alcohol enzymes market.
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Asia Pacific is expected to exhibit the fastest growth within the forecast period particularly due to economies such as India and China. Rising discretional income and rapid urbanization led to high spending on food & beverage and cleaning agents in these regions fuels the demand for alcohol enzymes products. Ever-increasing biofuel market in China and India is expected to thrust the growth of alcohol enzymes market. Furthermore, there has been tremendous growth in the pharmaceutical industry in Asia Pacific which may raise the alcohol enzymes market in near future.
Latin America, Middle East, and Africa are likely to experience lucrative growth over the coming years. This is mainly attributed to growing industrialization and urbanization. Rapidly escalating food and beverage industry in Brazil contributes to the high growth of alcohol enzymes market in Latin America. The presence of abundant raw source for alcohol enzymes in Middle East & Africa may surge the market growth within the forecast period.
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Abbott Laboratories, DuPont, Eli Lilly Company, Pfizer, Inc, F. Hoffmann-La Roche Ltd., Amgen, Inc., Merck & Co., Inc., Novozymes, Novartis AG, Bayer AG, Novo Nordisk A/S, Shanghai Zheyang Chemical Co. Ltd., The Soufflet Group and Roqutte Freres among others are some of the major players in the alcohol enzymes market. Novozymes launched Sanferm Yield which enables distillers to increase their yield with lesser raw materials.
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This report segments the alcohol enzymes market as follows:
Alcohol Enzymes Market: Type Analysis
- Carbohydrase
- Proteases
- Lipases
- Others
Alcohol Enzymes Market: Application Analysis
- Industrial
- Specialty
Alcohol Enzymes Market: Regional Analysis
- North America
- U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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