Valley Cottage, NY -- (SBWIRE) -- 07/13/2017 -- Industrial enzymes are gaining importance due to the increase in their applications and increase in demand for consumer foods, investment in the research and development of industrial enzymes and also the need for resource optimization and cost reduction are driving the market for enzymes ultimately the global phospholipase enzymes market. Changing lifestyles of the consumer and increase in their disposable income has resulted in the increase in the demand for consumer goods which has in turn resulted in the growth of phospholipase enzymes market. These aspects are anticipated to provide opportunities for emerging market players in global phospholipase enzymes market. Increasing consumption of products containing enzyme in developing regions is driving the market for phospholipase enzymes. Phospholipase enzyme is used as an emulsifier in aqueous food products such as sauces, bakery products and dressings. Rise in this end use application is expected to drive the phospholipase market. The global phospholipase enzyme market is evolved so far due to the mergers and acquisitions done in the global market. Enzyme industry giants like DuPont and Novozymes has acquired more than half of the market.

The use of phospholipase enzymes in industrial processes is increasing by enhancing the enzymes by protein engineering. Use of phospholipase enzymes in degumming process in which the removal of phospholipids from vegetable oil is done with the help of phospholipase enzyme. The application of phospholipase enzymes in cheese manufacturing process has significantly decreased the greenhouse gas emission acting as a more efficient product. Thus increase dairy industry is anticipated to drive market further during the forecast period. White biotechnology will act as a strong alternative in today's world where there is more demand for nonpolluting energy saving technical solutions. Use of phospholipase enzymes as an alternative for chemical processes is acting as a general trend in phospholipase enzymes market.

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Based on the product type the global phospholipase enzymes market is segmented into:

Phospholipase A1
Phospholipase A2
Phospholipase C
Phospholipase D

Based on the end use industry type the global phospholipase enzymes market is segmented into:

Food and Feed
Agriculture
Pharmaceutical
Chemical

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In terms of geography, the global phospholipase enzymes market has been divided in to five key regions including North America, Latin America, Europe, Asia-Pacific and Middle East & Africa.The global phospholipase enzymes market is expected to register healthy CAGR during the forecast period. North America is anticipated to be the dominant market for global phospholipase enzymes followed by Asia Pacific and Europe. The market in Asia-Pacific region is expected to grow at highest CAGR over the forecast period.

Key Players

Some of the key players in the phospholipase enzymes market are Novozymes, Roche Custom Biotech, DuPont etc.