Enzymes Market Global Analysis Report – Size, Share and Growth Trends
The report “Global Enzymes Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2021” estimates the global market in terms of revenue and volume during the forecast period from 2014 to 2021. The report also provides market's mergers/acquisitions, partnerships, collaborations, new product launches, new product developments of the key players of the market.
Enzymes have recently gained a lot of importance owing to its growing applications in various markets such as food & beverages, pharmaceuticals, surfactants, textiles, and biotechnology R&D. The research report by DecisionDatabases.com on the global enzymes market anticipates the market to grow at very fast pace. Enzymes are proteins which act as biocatalysts aiding in metabolic reactions. It has varied applications based on the product type, such as in detergents it is used to remove stains, in foods it is used in baking processes, in production of bioethanol etc. Genetic modification of various enzymes has led to opening up of new avenues in the global market.
The enzymes market is segmented based on products into carbohydrase, proteases, polymerases, nucleases, lipases, phytases, and other enzymes. Carbohydrase is estimated to be largest market in this industry with its rising application in foods and beverages, textile and detergents market. Also, rising application of polymerases in industrial market has led to the growth of this market.
Based on applications the market is segmented into industrial and speciality market. The industrial enzymes market is also surging high led by the rising demand of consumer goods and other industries. Industrial market is further segregated into cleaning products, food and beverage products, biofuel production, animal feed, and other industrial markets. Food and beverages industry is expected to be the largest market owing to rising concerns over nutritional food and development in industrialization in all developing countries. Detergents market is also been emerging as a strong market contender with its growing focus over personal hygiene.
The exhaustive technological research in the field of biotechnology and protein engineering is bringing a major shift in the manufacturing processes leading to optimized products and resource usage. The usage of enzymes has not only boosted the product quality but has also hugely affected the energy consumption in the manufacturing of the product. This has led to lowered cost of production and reduced the sustainability concerns. Recently Novozymes launched Saphera – a lactase enzyme which will produce better quality of lactose-free products. The lactose–free product market has been growing led by more demand from the lactose - intolerance consumers. Thus, research and innovation is the success key to survive in this industry. Despite its growing demand, this market faces stringent government rules on manufacturing of product which acts a restraint for the growth of this market.
The North American region has been leading the global enzymes market followed by Europe and Asia-Pacific respectively.High investment cost and strict government rules are few factors that have restricted the entry in this market. The market is highly competitive with few companies holding the greater market share they are BASF, Novozyme, Adisseo, Danisco, and DSM. The other key players include Advanced Enzyme Technologies, Chr. Hansen, DuPont, ENMEX S.A., Lonza Group, and Roche.
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