The most recent study conducted by Report Ocean, titled “Global Americas Enzymes Market Size, Share, Pricing, Trends, Growth, Report and Forecast 2023-2030,” presents a comprehensive analysis of the worldwide market. This research delves into the factors driving the market, emerging trends, opportunities for development, as well as potential limitations that may affect the Americas Enzymes . The report provides an estimation of the global market size and examines recent strategic actions taken by prominent international competitors.
Americas Enzymes Market is valued approximately at USD 4.65 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 6.7% over the forecast period 2020-2027. Enzymes act as a catalyst in living organisms, regulating the rate at which chemical reaction proceed without itself being altered in the process. Growing consumer awareness regarding significant consumption of dietary requirements and enhanced food quality, product improvement for different applications by protein-engineering and recombinant DNA technology for production of efficient and diverse enzymes and players are expected to boost the demand in market during forecast period.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
For Instance: in 2018, Amano Enzymes launched PGA 500 to improve the protein solubility at low pH levels, which helped company in gaining strong application demand in food and beverages and nutraceutical sector. However, risk associated with enzymes such as irritation and allergic reactions and lack of standardized regulatory guidelines are expected to impedes the growth of the market over the forecast period of 2020-2027.
Also, with the increasing adoption of environment friendly and modern technology coupled with increasing investment in research and development is likely to increase the market growth during the forecast period. The regional analysis of Americas Enzymes market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the strong presence of key end-use industries like cosmetics, pharmaceutical, laundry detergent and others. Whereas, Central and South America is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising demand for various applications such as diagnostics, paper and pulp, textile and others would create lucrative growth prospects for the Americas Enzymes market across Central and South America region.
Major market player included in this report are:
DuPont Danisco
Amano Enzymes USA Co., Ltd.
Novus International
Associated British Foods plc
Chr. Hansen Holding A/S
Advanced Enzyme Technologies
Enzyme Development Corporation.
Lesaffre Group
Novozymes N.A.
BASF SE
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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 Source:
Plants
Animals
Microorganisms
By Product:
Carbohydrase
Proteases
Lipases
Polymerases & Nucleases
Others
By Application:
Industrial Enzymes
– Food & Beverages
– Detergents
– Animal Feed
– Biofuels
– Textiles
– Pulp & Paper
– Nutraceuticals
– Personal Care & Cosmetics
– Wastewater
– Others
Specialty Enzymes
– Pharmaceuticals
– Research & Biotechnology
– Diagnostics
– Biocatalyst
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By Region:
North America
U.S.
Canada
Latin America
Brazil
Mexico
Rest of the World
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