Quadintel published a recovery-based report for Global “Industrial Enzymes Market” that provides crucial details on company opportunities, growth plans, trends, innovations, the competitive landscape in 2022, and the geographic outlook. Based on relevant market and regional segmentation, a thorough assessment of this worldwide market includes the historical analysis of this market (from 2023 to 2030) and develops reliable and approximative timeline estimations up to 2030.
Global Industrial Enzymes Market is valued approximately USD 5.6 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 6.4% over the forecast period 2020-2027.
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Industrial Enzymes are extracted from plant tissue, animal tissue and microorganism. These are largely produced by fermentation process. Generally used by animal feed, cosmetics, food and other industries and help those industries in improving their production efficiency and making environment friendly products. The increasing demand in food and beverages industry and biofuel industry due to depletion in fossil fuels are expected to drive the demand for industrial enzymes. For Instance: in 2019, food and beverages industry led the market with over 22 % share of global revenue followed by detergent application.
Also, companies are increasing their investment in innovation and technologies which is expected to introduce new product in the market. Like in 2021, Novozymes A/S and Univar Solutions Inc., expanded their partnership into the U.S. and Canadian beverages, industrial cleaning and homecare market, by this partnership they will use next-generation biological solutions through leading enzymes and microbial innovations in place of traditional chemicals to capitalize on consumer demand. However, owing to market saturation demand in detergent application is expected to witness sluggish growth which impedes the growth of the market over the forecast period of 2020-2027. Also, with the increasing demand from animal feed and nutraceutical industries is likely to increase the market growth during the forecast period.
The regional analysis of global Industrial Enzymes market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading/significant region across the world in terms of market share owing to presence of major cosmetics and pharmaceutical companies. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rapid expansion of processing industries and supporting regulation promoting the expansion of manufacturing industries would create lucrative growth prospects for the Industrial Enzymes market across Asia-Pacific region.
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Major market player included in this report are:
BASF SE
DuPont Danisco
Novus International
Associated British Foods plc
Chr. Hansen Holding A/S
Advanced Enzyme Technologies
Enzyme Development Corporation
Novozymes A/S
DSM N.V.
Lesaffre Group
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Product:
Carbohydrases
Proteases
Lipases
Polymerases & Nucleases
Others
By Application:
Food & Beverages
Detergents
Animal Feed
Biofuels
Textiles
Pulp & Paper
Nutraceutical
Personal Care & Cosmetics
Wastewater
Others
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By Source:
Plants
Animals
Micro-organisms
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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Report Include:
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
Key Market Features in Global Market: The report assessed key market features, including revenue, capacity, price, capacity utilization rate, production rate, gross, production, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. The study also offers a thorough analysis of the most important market factors and their most recent developments, as well as pertinent market segments and sub-segments.
In this report, the following important queries are addressed:
- What is the Global market’s sales value, production value, consumption value, import, and export (including North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
- Who are the major manufacturers in this sector on a global scale? How are their capacity, production, sales, pricing, cost, gross, and revenue operating?
- What are the vendors’ market prospects and risks in the international industry?
- Which product types, end users, or applications might be looking for additional growth prospects? What is each types and application’s market share?
- What specific strategies and limitations are keeping the market in check?
- What is the various marketing, sales, and distribution channels in the international market?
- What are the upstream raw materials, as well as the manufacturing machinery?
- What are the market opportunities, market risk, and market overview of this industry?
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