NEW YORK, US, Aug. 03, 2022 (GLOBE NEWSWIRE) -- Facts and Factors has published a new research report titled “Enzymes Market Size, Share, Growth Analysis Report By Product Type (Industrial Enzymes, Specialty Enzymes, Source, Microorganisms, Plant, Animal), By Type (Carbohydrase’s, Amylases, Cellulases, Other Carbohydrase's), By Application (Food and Beverages, Meat Processing Products, Dairy Products, Beverages, Bakery & Confectionary, Nutraceuticals, Other Food & Beverages), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028” in its research database.
“According to the latest research study, the demand of global Enzymes Market size & share was valued at approximately USD 8,529.50 million in 2021. The market is expected to grow above a CAGR of 6.10% and is anticipated to reach over USD 12167.9 million by 2028.”
The report analyses the Enzymes market’s drivers and restraints, as well as the impact they have on-demand throughout the projection period. In addition, the report examines global opportunities in the global Enzymes market.
What are Enzymes? How big is the Enzymes Industry?
- Market Overview:
Integration of enzymes in several food products helps continued nutritional content and longer shelf life. Due to advances in enzyme engineering and green chemistry, as well as the introduction of genetics, the demand for enzymes has skyrocketed. Enzyme demand is expected to rise in the next years due to innovation in enzyme engineering, green chemistry, and innovative genetically modified enzyme developments. Industrial enzymes' flexibility has led to their use in a variety of modern technologies and applications to reduce chemical usage, propelling the industrial enzyme market over the upcoming years.
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Our Free Sample Report Consists of the Following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
- About 212+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on Request
- Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2022
- Includes Tables and figures have been updated
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, Revenue Analysis, SWOT Analysis, Industry Major Players, Historical and Forecast Growth, Porter's 5 Forces Analysis
- Facts and Factors research methodology
Key Insights from Primary Research
- As per the analysis, the Enzymes market is likely to grow above a CAGR of around 6.10% between 2022 and 2028.
- In terms of revenue, the Enzymes market size was worth around US$ 8,529.50 million in 2021 and is estimated to hit approximately US$ 12167.9 million by 2028. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
- In terms of Products, the Industrial enzyme market holds the largest share in the market during the forecast period.
- In terms of Type, Carbohydrates show lucrative growth in the market during the forecast period.
- On the basis of region, the Asia Pacific has a mature market for Industrial Enzyme and is estimated to continue its dominant position over the upcoming years.
Competitive Players
The report contains qualitative and quantitative research on the global enzymes market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts.
Some of the main players in the global Enzymes market include,
- BASF (Germany)
- Novozymes (Denmark)
- DuPont (US)
- DSM (Netherlands)
- ABF (UK)
- Kerry (Ireland)
- Advanced Enzyme Technologies (India)
- CHR. Hansen (Denmark)
- Amano Enzyme Inc. (Japan)
- Augment Biosciences (India)
- Mega zyme (Ireland)
- Enzyme Supplies (UK)
- Creative Enzymes (US)
- Enzyme Solutions (US), and others
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Industry Growth Drivers
The pharmaceutical industry's demand for enzymes to synthesize intermediates in active pharmaceutical ingredients (API) manufactured for effective pharmaceuticals is projected to drive the enzymes market forward. Moreover, the major benefit that will drive the market growth forward is improved paper quality and reduced energy consumption during the forecast period. Besides, the Lack of standardized regulatory guidelines and harmonization will continue to limit the enzyme market growth during the forecast period.
Enzymes Market growth is projected to be boosted by the pharmaceutical industry's rising demand for enzymes to synthesize mediators in API development for effective medications. Additionally, rapid penetration of organized retail in the untapped rural & urban areas will provide strong business during the forecast period. The enzymes market landscape will be propelled by continued government support in the form of tariffs and subsidies on a variety of food goods, as well as improvements in trading procedures between various economies.
Enzymes Market: COVID-19 Impact Analysis
The COVID-19 crisis is anticipated to have a positive impact on the enzymes market. This is owing to the increase in demand for enzymes in nutritional & immunity boost products along with rising in consumer perception of household care and a rise in in-house food consumption. Besides, the companies are presently fronting obstructions due to intermittent supply chain activities and ambiguous market conditions owing to trade restrictions and lockdowns during the forecast period.
This negative impact is expected to be compensated by a surge in demand for enzymes in the food & beverages and pharmaceutical industries. Thus, the overall effect is expected to remain positive for key market players in the industry due to the increase in awareness about protective health and dietary solutions & formulations which support immune health over the entire pandemic phase.
Browse the full “Enzymes Market - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028” Report at https://www.fnfresearch.com/enzyme-market
Enzymes Market: Segmentation Analysis
The global Enzymes market is segregated based on variants, packaging, distribution channel, and region.
In terms of Products, the Industrial enzyme holds the major share in the market over the upcoming years. The advanced technologies in Research and Development activities, increasing demand for bioethanol and, and rising environmental concerns are the major factors responsible for the growth of Industrial enzymes over the upcoming years. Also, Due to the latest technologies biocatalysts based on isolated enzymes are currently considered more cost-effective than complete cells.
In terms of Applications, the growth of the household care segment registers the highest growth in the global enzyme market during the forecast period. This is majorly due to the increase in the adoption of products containing enzymes rather than petrochemical-derived components, as the latter tends to pollute the environment to a greater extent. Moreover, an increase in awareness among the population related to the positive environmental impact of enzymes has significantly contributed to the growth of the enzyme market for household care during the forecast period.
Regional Dominance:
The Asia-Pacific region, including China, India, Indonesia, and Australia, is expected to dominate the packaged enzyme market. The enzymes market in the Asia Pacific is expected to witness the highest growth. The major reason for the growth of the industrial enzyme market in this region is the increase in scope for research and development activities for enzymes. Launch of new enzymes required for the treatment of various chronic diseases, the increasing demand for enzymes in industrial and specialty applications.
An increase in the number of developmental strategies is expected to show lucrative growth during the forecast period in this region. Moreover, Because of the employment in manufacturing processes, enzymes have gained popularity, resulting in significant cost savings, lower energy consumption, and enhanced substrate activity over the upcoming years.
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Key questions answered in this report:
- What is the market size and growth rate forecast for Enzymes industry?
- What are the main driving factors propelling the Enzymes Market forward?
- What are the leading companies in the Enzymes Industry?
- What segments does the Enzymes Market cover?
- How can I receive a free copy of the Enzymes Market sample report and company profiles?
Report Scope:
| Report Attribute | Details |
| Market Size in 2021 | USD 8,529.50 Million |
| Projected Market Size in 2028 | USD 12167.9 Million |
| CAGR Growth Rate | 6.10% CAGR |
| Base Year | 2021 |
| Forecast Years | 2022-2028 |
| Key Market Players | BASF (Germany), Novozymes (Denmark), DuPont (US), DSM (Netherlands), ABF (UK), Kerry (Ireland), Advanced Enzyme Technologies (India), CHR. Hansen (Denmark), Amano Enzyme Inc. (Japan), Augment Biosciences (India), Mega zyme (Ireland), Enzyme Supplies (UK), Creative Enzymes (US), Enzyme Solutions (US), Enzymatic Deinking Technologies (US), Biocatalysts (UK), SunOS Industry Group (China), and Others |
| Key Segment | By Product Type, Type, Application, and Region |
| Major Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
| Purchase Options | Request customized purchase options to meet your research needs. |
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The global Enzymes market is segmented as follows:
By Product Type
- Industrial Enzymes
- Specialty Enzymes
- Source
- Microorganisms
- Plant
- Animal
By Type
- Carbohydrase’s
- Amylases
- Cellulases
- Other Carbohydrase’s (include pectinases, lactases, ananases, and pullulans)
By Application
- Food and Beverages
- Meat Processing Products
- Dairy Products
- Beverages
- Bakery & Confectionary
- Nutraceuticals
- Other Food & Beverages
By Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Rest of Southeast Asia
- The Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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Key Offerings:
- Market Size, Trends, & Forecast by Revenue | 2022−2028
- Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
- Market Segmentation – A detailed analysis by Product Type, Type, Application, and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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