North America industrial enzymes market is expected to hold the leading market share in the forecast period of 2018 to 2025. The new market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025. Key factors driving the market growth include new enzyme technologies striving to enhance cost efficiencies and productivity, and growing interest among consumers in substituting petrochemical products with other organic compounds such as enzymes. Other factor propelling market growth includes surging demand from textile manufacturers, animal feed producers, detergent manufacturers, pharmaceutical companies, bioethanol producers and cosmetics vendors. While the factors that restricts the market from growth is stringent regulation.
The North America industrial enzymes market is segmented based on product type categories into three notable segments; food & beverages enzymes, technical enzymes and others. In 2018, food & beverages enzymes segment is valued to rule with highest market share. However, technical enzymes segment is expected to grow at the highest CAGR in the forecast period. Food and beverages enzyme product type is further sub-segmented into bakery enzymes, brewing enzymes, dairy enzymes and others. Bakery enzymes type is growing at the highest market share and CAGR. Technical enzyme segmented into detergent enzymes, biofuel enzymes, textile enzymes and others.
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COVID-19 Impact
In 2019, the COVID-19 epidemic swept the globe. It brought everything to a halt. It had an impact on the entire world economy. Moreover, a great number of people have also perished. In total, 5,091,465 fatalities and 252,297,094 cases of COVID-19 have been reported worldwide. A majority of the nations on earth were affected by the pandemic. The pandemic brought some kind of loss in the majority of industries. The epidemic caused a slowdown in the chemical industry as well. According to Statista, the business generated over US$ 3.94 trillion in worldwide sales in 2019. An all-time high of US$5.4 trillion in revenue was produced by the sector in 2014.
The level of rivalry among well-known international corporations has been determined by studying a number of key industries, as well as market competition, market share, current developments in the sector, novel product launches, alliances, mergers, and acquisitions by key corporations.
The key market players for North America industrial enzymes market are listed below;
AB Enzymes
Advanced Enzyme Technologies
Sigma-Aldrich
Adisseo
AEB Africa (Pty) Ltd .
Zymetech
Enzymatica AB
Novus International
Koninklijke DSM N.V
Bioresource International, Inc
Biocatalysts
Lesaffre
Qingdao Vland Biotech Inc
Aum Enzymes
Novozymes
Roche Diagnostics International Ltd
Nature Bioscience Pvt. L.T.D
Dupont Nutrition & Health
BASF SE
Amano Enzyme Inc
The market is further segmented into;
Products,
Product Type
Industry
Sources
The North America industrial enzymes market is segmented based on products into four notable segments; Type, Product Type, Industry and Sources. In 2018, carbohydrases segment is estimated to rule with highest market share by 2025, rising at a specific CAGR. Type segment is further sub segmented into carbohydrases, proteases, phytases, lipases, polymerases and nucleases, and others. Carbohydrases is further sub segmented into amylases, cellulases, lactases and others.
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The North America industrial enzymes market is segmented based on Industry into eleven notable segments; food & beverages, cleaning agents, animal feed, biofuels, textile, research & biotechnology, diagnostics, paper & pulp industry, leathers, starch processing and others. In 2018, food & beverages segment is projected to rule with the highest market shares rising at specific CAGR. However, research & biotechnology segment is expected to grow at the highest CAGR in the forecast period. As research is increasing in pharmaceutical and life science the demand of enzymes involved in biotechnology is also increasing. Bakery segment is growing with the highest market share and growing at the highest CAGR. While cleansing agent segment is further laundry detergents, automatic dishwash detergents and others. Laundry detergents segment is growing with the highest market share and highest CAGR.
The North America industrial enzymes market is segmented based on sources into three notable segments; micro-organisms, animals and plants. In 2018, micro-organisms segment is likely to rule with the highest market share and rising at the highest CAGR. As isolation of enzymes from micro-organisms is easy and convenient process the so enzymes extracted from micro-organism are high in demand. Food & beverage industry is further segmented into bakery, brewing, dairy and others.
Based on Country, the market is segmented into 3 main countries U.S. Canada, Mexico.
Covered in this report
The report covers the present scenario and the growth prospects of the North America industrial enzymes for 2018-2025. To calculate the market size, the report considers the revenue generated from the sales of the web conferencing and unified communication and collaboration (UC&C) and video conferencing, secondary resources and doing in-depth company share analysis of major 10 players in the market.
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
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