The most recent study conducted by Report Ocean, titled “Global 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 Enzymes . The report provides an estimation of the global market size and examines recent strategic actions taken by prominent international competitors.
Global Enzymes Market is valued approximately USD 9.9 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 7.1% over the forecast period 2020-2027. Enzymes are proteins that acts as a catalyst in all living organisms such as animals, plants, humans and microorganisms. They serve as compounds that increase chemical reactions in biological systems. The increasing demand for high quality food products, paper processing, biofuels, rubber processing, molecular biology and others is expected to fuel the growth in the market along with increasing investments in research and biotechnology by prominent market players. For Instance: in 2020, Chr.
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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.
Hansen Holding A/S acquires Jennewein Biotechnologie GmbH for the expanding and strengthening its microbial and fermentation technology platforms. However, regulatory scenarios and regional jurisdiction is expected to impede the growth of the market over the forecast period of 2020-2027. Also, with the growing awareness concerning the application of enzymes in protein engineering technology is likely to increase the market growth during the forecast period.
The regional analysis of global 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 inclination toward reducing greenhouse emissions and promoting the production of biofuels. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as increasing consumption of animal feed, detergent, food and beverages products in the region would create lucrative growth prospects for the Enzymes market across Asia-Pacific region.
Major market player included in this report are:
BASF SE
DuPont Danisco
Novozymes A/S
DSM N.V.
Novus International
Associated British Foods plc
Chr. Hansen Holding A/S
Advanced Enzyme Technologies
Lesaffre Group
BBI Solutions
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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 Application:
Industrial Enzymes
Specialty Enzymes
By Product:
Carbohydrase
Proteases
Lipases
Polymerases & Nucleases
Others
By Source:
Plants
Animals
Microorganisms
By Region:
North America
U.S.
Canada
Europe
UK
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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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