The global demand for Laccase Market is presumed to reach the valuation of nearly USD XX MN by 2027 from USD XX MN in 2020 with a CAGR of XX% under the study period of 2021 - 2027.
Laccase is a versatile enzyme found in insects, microorganisms, including fungi and plants. It is a multicultural oxidase used extensively in food biotechnology applications. Laccase is used in food processing for discoloration, haze, wine stabilization, baking, and flavoring. It has been proven to improve the baking process by oxidization and provide additional strength to the dough and baked products. Besides decolorizing textile effluents, laccases are used to bleach textiles, modify the fabrics’ surface, and synthesize dyes. It is used to degrade xenobiotic compounds and bioremediation of contaminated soils.
The unique properties or functions exhibited by laccase will boost its demand in various fields of biochemistry, material sciences, and pharmaceutical sciences. Being a highly preferred enzyme for several industrial applications like bio pulping, bio bleaching, and industrial wastewater treatment will significantly appreciate this market’s growth in the textile industry. The recent developments in laccase application in the food processing sector will further propel this market’s growth. The growing demand for these robust enzymes in pharmaceutical, cosmetics, pulp, and paper industries will benefit market growth. Laccases commercialized as industrial catalysts will be a market booster. The significant drawbacks hindering the use of laccase are their high costs and toxicity.
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 laccase.
The entire laccase market has been sub-categorized into type and applications. 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.
- Fungi Source
- Plants Source
- Textile Industry
- Food Industry
- Pharmaceutical Industry
This section covers regional segmentation which accentuates on current and future demand for laccase 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 Laccase 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 laccase market include Novozymes, DowDuPont, Amano Enzyme, Yiduoli, Sunson, Denykem. 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.