San Francisco 3 May 2019 The
Report Enzymes Market By Type (Industrial, Specialty), By Product (Carbohydrases,
Proteases, Lipases, Polymerases & Nucleases), By Application (Food &
Beverages, Detergents, Animal Feed, Textile, Paper & Pulp, Nutraceutical,
Personal Care & Cosmetics, Wastewater, Research & Biotechnology,
Diagnostics, Biocatalyst) And Segment Forecasts To 2024
The global enzymes market is expected to reach USD 17.50 billion by 2024, according
to a new report by Grand View Research, Inc. Growing demand for enzymes in food
& beverage products as they improve quality and eliminate deficiencies in
the products is expected to propel industry growth in the near future.
Increasing demand for bioethanol and
biodiesel in emerging economies including India, Brazil, and Thailand will
augment industry growth over the forecast period. Growing number of government
investments along with R&D activities in industrial enzymes will drive
demand over the next eight years.
Rising population along with rising living
standard will drive processed foods demand, which in turn will stimulate
industry expansion. In addition, emerging protein design algorithms, along with
growing inexpensive DNA sequencing technology will open new market avenues over
the next seven years.
Carbohydrases accounted for 47.7% of the
global market share in 2015, dominating the enzymes industry and the segment is
expected to show significant growth in light of high usage in animal feed,
textile, food & beverages, and pharmaceutical applications. Moreover,
mounting usage of artificial sweeteners, prebiotic products, and juices is
expected to fuel product demand over the forecast period.
Access Research Report of Enzymes Market@ http://www.grandviewresearch.com/industry-analysis/enzymes-industry
Further key findings from the report
suggest
· Specialty enzymes are anticipated to
witness the fastest growth at a CAGR of 9.2% from 2016 to 2024 on account of
increasing awareness regarding therapies for chronic diseases, along with
growing incidences of digestive enzyme disorders. Moreover, increasing usage of
the ingredient for diagnostic solutions is expected to augment growth. Chemical
reactions in research & biotechnology are accelerated by making the use of
enzymes. They also optimize the yield of the production processes, which is
expected to bolster demand over the forecast period.
· Animal feed is likely to witness
significant growth at a CAGR of 9.0% from 2016 to 2024 as a result of mounting
demand for swine, bovine, poultry and aquaculture species. Growing global meat
production coupled with rising health concern regarding meat quality will
augment animal feed demand, which is expected to stimulate industry expansion.
· North America enzymes market was valued at
USD 3.59 billion in 2015 and will show high gains in light of favorable
government policies along with a robust manufacturing base in the U.S. Growing
demand for animal feed and biofuels in the U.S. is expected to drive market
size.
· Latin America accounted for 8.3% of the
overall enzymes market and will show substantial growth in light of rapid
industrialization coupled with increasing biodiesel production in Brazil and
Argentina.
· Key industry players include Novozymes,
Danisco, Royal DSM, BASF SE, DuPont, Lonza Group, and Advanced Enzymes
Technologies Ltd. In January 2014, DuPont launched LAMINEX MaxFlow 4G enzyme,
intended for increasing texture, taste and appearance of beer in beverages
applications.
Browse more reports of this category by Grand View
Research at: https://www.grandviewresearch.com/industry/catalysts-and-enzymes
Grand View Research has
segmented the global enzymes market on the basis of type, product, application
and region:
Global Enzymes Type Outlook (Revenue, USD
Million, 2013 - 2024)
·
Industrial enzymes
·
Specialty enzymes
Global Enzymes Product Outlook (USD
Million, 2013 - 2024)
·
Carbohydrase
·
Proteases
·
Lipases
·
Polymerases & nucleases
·
Others
Global Industrial Enzymes Application
Outlook (Revenue, USD Million; 2012 - 2022)
·
Food & Beverages
·
Detergents
·
Animal Feed
·
Textile
·
Paper & Pulp
·
Nutraceutical
·
Personal Care & Cosmetics
·
Wastewater
Global Specialty Enzymes Application
Outlook (Revenue, USD Million; 2012 - 2022)
·
Pharmaceuticals
·
Research & biotechnology
·
Diagnostics
·
Biocatalyst
Global Enzymes Regional Outlook (Revenue,
USD Million, 2013 - 2024)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
MEA
Access Press Release of
Enzymes Market@ https://www.grandviewresearch.com/press-release/global-enzymes-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
