The global demand for Enzymes Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
Enzymes are biological catalysts that enhance the speed of chemical reactions taking place within a living cell. These are generally protein-based compounds which are being produced by bio-engineering methods for use in various applications. Industrial enzymes are used in food processing to maintain the natural flavour and taste of food products. They are used in the pharmaceutical industry to formulate drugs for specific cases like wound healing, paper industry, biofuels, cleaning agents like detergents etc. The use of enzymes can upgrade a product’s efficiency and reduce environmental pollution.
The main drivers of the enzymes market are increasing demand for high quality processed foods and growing health awareness among the global population. Growing awareness among consumers and increased research and development activities in this sector will boost the growth of this market. The innovative formulation of drugs using enzymes will have a positive impact on market growth. The versatility of these enzymes for use in consumer goods like detergents will benefit this market. The enzyme market will see a positive impact due to COVID-19 pandemic as this can help in the production of a breakthrough vaccine. The major constraints on the market are rules and regulations set by governments regarding the use of protein engineered enzymes.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of enzymes.
The entire enzymes market has been sub-categorized into product, source and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Polymerases & Nucleases
- Industrial Enzymes
- Food & Beverages
- Animal Feed
- Pulp & Paper
- Personal Care & Cosmetics
- Specialty Enzymes
- Research & Biotechnology
This section covers regional segmentation which accentuates on current and future demand for enzymes market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Europe Enzymes Market By Revenue (USD MN)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the enzymes market include BASF SE, Novozymes, DuPont Danisco, DSM, NOVUS INTERNATIONAL, Associated British Foods plc, Chr. Hansen Holding A/S, Advanced Enzyme Technologies, Lesaffre, Adisseo, Enzyme Development Corporation, BBI Solutions, Amano Enzyme Inc., Lonza Group, Aum Enzymes, Others. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.