Enzymes Market is Projected to Reach $14.7 Billion by 2025
by Mit K. SEOAccording to the new market research report "Enzymes
Market by Product Type (Industrial enzymes and Specialty enzymes), Source
(Microorganism, Plant, and Animal), Type, Industrial Enzyme Application,
Specialty Enzymes Application, and Region - Global Forecast to 2025",
published by MarketsandMarkets™, the Enzymes Market is estimated to be valued
at USD 10.0 billion in 2019 and is projected to reach USD 14.7 billion by 2025,
recording a CAGR of 6.7%, in terms of value. The growing concerns about the
environment among people and the increasing demand for biofuels are factors
that are projected to drive the growth of the enzymes market, globally.
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The microorganism
segment is projected to witness significant growth during the forecast period.
Based on source, the enzymes market is segmented into
microorganisms, plants, and animals. The microorganism segment is projected to
witness the highest growth during the forecast period, as enzymes obtained from
microbial sources lead to low production costs. Furthermore, they contain more
predictable and controllable enzyme content. In addition, as enzymes obtained
from microbial sources can be cultured in large quantities in a short period,
microorganisms are the primary source of industrial enzymes.
Browse in-depth TOC
on "Enzymes
Market"
126 – Tables
53 – Figures
202 – Pages
The carbohydrases
segment is projected to account for a major share in the enzymes market during
the forecast period
By type, the enzymes market is segmented into carbohydrase,
proteases, lipases, polymerases & nucleases, and other enzymes. The
carbohydrases segment is further segmented into amylases, cellulases, and other
carbohydrates. This segment is estimated to account for a significant share in
the enzymes market, as carbohydrase, such as amylase and cellulase, has been
used in industrial applications, including food & beverage, textiles, and
pulp & paper. In addition, the enzymes market is dominated by the
carbohydrase segment, as the majority of biofuels are manufactured by sugars
and amylases and are used as an economical alternative for the modification of
starch into sugars.
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The Asia Pacific
region is projected to witness the fastest growth during the forecast period.
The enzymes market in Asia Pacific is expected to witness
the highest growth due to the increasing demand for enzymes in industrial and
specialty applications. Technological innovations in machinery, synthetic
fibers, logistics, and globalization of business have made the textile &
leather industry one of the essential sectors in the Asia Pacific region.
Furthermore, the shift of industrial operations from developed regions, such as
North America and Europe to Asia Pacific, has further contributed to the growth
of the enzymes market in this region. The use of enzymes in the biofuel
industry will grow further due to the increase in bioethanol production and its
usage in fueling automobiles and electricity. In addition, the majority of the
population resides in the Asia Pacific region, which is contributing to the
growth of the pharmaceutical industry. Enzyme usage in pharmaceutical products
will further drive the enzymes market in the Asia Pacific region.
This report includes a study on the marketing and
development strategies, along with the product portfolios of leading companies.
It consists of profiles of leading companies, such as BASF (Germany), DuPont
(US), Associated British Foods (UK), Novozymes (Denmark), DSM (Netherlands),
Dyadic International (US), Advanced Enzymes Technologies (India), Aumgene
Biosciences (India), Chr Hansen (Denmark), Amano Enzymes (Japan), Roche Holding
(Switzerland), Codexis (US), Sanofi (France), Merck (Germany), Enzyme Supplies
(UK), Creative Enzymes (US), Enzyme Solutions (US), Enzymatic Deinking
Technologies (US), and Biocatalysts (UK).
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Created on Mar 12th 2021 07:40. Viewed 357 times.