The global enzymes market was valued at $7,082 million in 2017, and is projected to reach $10,519 million in 2024 at a CAGR of 5.7% from 2018 to 2024
New York, NY -- (SBWIRE) -- 06/17/2019 -- The global enzymes market was valued at $7,082 million in 2017, and is projected to reach $10,519 million in 2024 at a CAGR of 5.7% from 2018 to 2024. The major factor that contributes towards the growth of the enzymes market is high demand for effective pharmaceuticals. Moreover, other factors boosting the market growth include increase demand for renewable energy sources such as biofuels, rise in prevalence of various chronic diseases such as digestive diseases & inflammation, and wide applications of enzymes in various industries. However, factors such as handling & safety issues of enzymes and high sensitivity of enzymes to temperature & pH hamper the market growth. Conversely, increase in awareness about the application of enzymes in protein engineering technology and high market potential in the untapped emerging economies are expected to provide lucrative growth opportunities for the market expansion.
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Enzymes are proteins that act as biocatalysts to accelerate the reaction and produce the desired results in reactions in metabolic processes. Currently, enzymes have gained increased popularity, due to their potential applications in several industries such as food and animal feed, textiles and detergents, pharmaceuticals and biotechnology R&D, manufacturing industries, and others (paper and pulp processing, leather processing and agriculture). The use of enzymes in the manufacturing processes results in significant cost reductions. This is attributed to the utilization of less energy (temperature), requirement of less time for manufacturing process, and provision of better substrate activity.
KEY MARKET PLAYERS PROFILED:
Koninklijke DSM N.V.
Advanced Enzyme Technologies Ltd.
AB Enzymes GmbH
Amano Enzyme, Inc.
F. Hoffmann-La Roche Ltd.
Thermo Fisher Scientific Inc.
Apart from this, the valuable document weighs upon the performance of the industry on the basis of a product service, end-use, geography and end customer.
The industry experts have left no stone unturned to identify the major factors influencing the development rate of the Enzymes industry including various opportunities and gaps. A thorough analysis of the micro markets with regards to the growth trends in each category makes the overall study interesting. When studying the micro markets the researchers also dig deep into their future prospect and contribution to the Enzymes industry.
A high focus is maintained on factors such as demand and supply, production capacity, supply chain management, distribution channel, product application and performance across different countries. The report not only offers hard to find facts about the trends and innovation driving the current and future of Enzymes business, but also provides insights into competitive development such as acquisition and mergers, joint ventures, product launches and technology advancements.
A quick look at the industry trends and opportunities
The researchers find out why sales of Enzymes are projected to surge in the coming years. The study covers the trends that will strongly favour the industry during the forecast period, 2019 to 2025. Besides this, the study uncovers important facts associated with lucrative growth and opportunities that lie ahead for the Enzymes industry.
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The global enzymes market is segmented on the basis of type, source, reaction type, application, and region. Based on type, the market is fragmented into protease, carbohydrase, lipase, polymerase and nuclease, and other types. On the basis of source, it is categorized into microorganisms, plants, and animals. By reaction type, it is classified into hydrolase, oxidoreductase, transferase, lyase, and other reaction types. The applications covered in the study include food and beverages, household care, bioenergy, pharmaceutical and biotechnology, feed, and other applications. Region wise, it is analyzed for North America, Europe, Asia-Pacific, and LAMEA.
KEY MARKET SEGMENTS
Polymerase and Nuclease
By Reaction Type
Other Reaction Types
Food and Beverages
Pharmaceutical and Biotechnology
Region wise performance of the Enzymes industry
This report studies the global Enzymes market status and forecast, categorizes the global Enzymes market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, China, Japan, Southeast Asia India and Other regions (Middle East & Africa, Central & South America).
This Enzymes market report holds answers to some important questions like:
- What is the status of the Enzymes market that is segmented on the basis sale as well as types?
- Which segment will generate more revenue for the Enzymes industry in the coming years?
- Who are the leading international Enzymes brands? Which product is consumed more?
- Which countries are expected to grow at the fastest rate?
- Which factors have attributed to an increased sale worldwide?
- What is the present status of competitive development?
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