Enzymes Market Worth $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 Jan 8th 2021 07:38. Viewed 336 times.