Global Industrial Enzymes Market: Focus on Developing Novel Products with new Functions for End-use Industries to Create Lucrative Avenues, notes TMR
Read Report Overview @
Some of the leading players operating in the market include Koninklijke DSM N.V., Advanced Enzyme Technologies Ltd., E.I.du Pont de Nemours and Company, AB Enzymes GmbH, Associated British Foods (ABF) plc., Novus International Inc., Codexis Inc., Novozymes A/S, and Chr. Hansen A/S.
Bustling with several promising opportunities, the global industrial enzymes market is prognosticated to expand at a CAGR of 8.8% from 2017 to 2025 and touch a valuation of US$12,844.4 million by the end of the forecast period. The market was worth US$6,067.4 million in 2016.
The various types of industrial enzymes can be categorized into phytases, carbohydrases, proteases, polymerases and nucleases, lipases, and other types. Carbohydrases and proteases segments jointly account for the leading share in the market, attributed to their extensive uptake in industries such as food and beverages and animal feed.
On geographic front, North America held the leading market share in 2016, fueled largely by sizeable investment in food and beverages industry. However, Asia Pacific is anticipated to rise at the most promising CAGR growth over the forecast period. The growth is driven by a burgeoning demand in several developing economies such as India and China.
industrial enzymes marketWidespread Application in Food and Beverages Processing to Accentuate Market
The industrial enzymes market is driven primarily by the substantially rising adoption of these in the food and beverages processing. The striking strides experienced by the food and beverages industry in various parts of the world is boosting the market. The proliferating demand for enzymes in various industrial processes is supported by a burgeoning worldwide population with vast rise in their disposal incomes. The market is expected to immensely benefit from several government initiatives to boost the adoption of biofuels in developing and developed nations.
The surge in demand for these industrial enzymes in the pharmaceutical industry is accentuating the growth of the market. The use of industrial enzymes in producing high-quality cost-effective products for the food and beverages industry leading to economy in large-scale processing of food. This is a noteworthy factor catalyzing the growth of the market. Remarkable advances made in the field of biotechnology, notably in protein engineering methods, assisted by the use of high-throughput screening techniques are aiding in the rapid expansion of the market.
A surge in investment in food and beverages and pharmaceutical industries bodes well for the market. However, spiraling consumer concerns pertaining to adverse perceptions about the safety of these enzymes is proving to be a marked roadblock for market players. The huge investment required for research and development activities for digestive enzymes is another key concern crippling the growth of the market. The lack of patent protection laws, regulatory hindrances, fluctuation in industrial production are some of the notable factors negatively impacting the market.
Request to view Sample Report:
Constant Advances made by Protein Engineering to Expand Market
On the other hand, the industrial enzymes market is witness promising avenues in the expanding prospect of protein engineering for designing novel enzymes with new functions. The market is also likely to benefit from striking advances made in recombinant DNA technology and their substantial applications in protein engineering methods.
The study presented here is based on a report by Transparency Market Research (TMR) titled “Industrial Enzymes (Type - Carbohydrases, Proteases, Polymerases & Nucleases, Lipase, and Phytase; Application - Food and Beverages, Personal and Household Care, Animal Feeds, and Bio-energy) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2025
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Transparency Market Research
90 State Street,
Albany NY - 12207
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Industrial Enzymes Market: Focus on Developing Novel Products with new Functions for End-use Industries to Create Lucrative Avenues, notes TMR here
News-ID: 1052408 • Views: 411
More Releases from Transparency Market Research Reports Analysis
Polysilicon Market Outlook, Competitive Landscape and Forecasts to 2025
Silicon is the second most abundant element found on the Earth. Polysilicon is a pure, stable, and crystalline form of silicon. It also called polycrystalline silicone and poly-Si. It offers properties similar to semiconductors. Polysilicon is employed in solar photovoltaic cells (PV) and electronics industries. It differs from monocrystalline silicon and amorphous silicon in terms of silicon structure. Monocrystalline polysilicon is used in microelectronic devices and is more efficient than
Photonics Sensor Market - Global Industry Analysis 2019
Photonic sensing technology integratestransmission,emission,amplification, deflection and detection of light by optical lasers, instruments and other light sources. It provides cheaper, smaller, faster and lighter components and devices with superior functionality and less energy consumption.Photonics started with the development of the laser and optical fibre for transmission of light beams Photonic sensors have been used in various industrial and laboratories for detecting physical, chemical and biological parameter.Photonic sensors is defined as
Concrete Block and Brick Manufacturing Market Report – key Players, Industry O …
The presence of several native companies and established players who operate globally has rendered the vendor landscape in the global concrete block and brick manufacturing market extremely fragmented. As per a new study by Transparency Market Research (TMR), India alone has nearly 100,000 brick kilns, which is indicative of the intense competition prevailing in the market. “As local companies etch diverse strategies to strengthen their hold, large companies are focusing
Excimer Laser Market: Industry Analysis And Detailed Profiles Of Top Industry Pl …
An excimer laser, also known as exciplex laser, is one of the form of ultraviolet laser which is has major applications in the production of microelectronic equipment and devices, eye surgery, semiconductor based integrated chips or circuits and micromachining. An excimer laser primarily consists of reactive gas, for instance chlorine or fluorine along with noble gas, for example, krypton, argon, xenon. The excimer laser market has been segmented into by
More Releases for TMR
Global 3D Animation Market: Snapshot The evolution and introduction of three-dimensional (3D) animation has given the world of animation a new perspective. The process of creating 3D moving images in a digital space through objects or models has given these illusions depth. One of the most fundamental differences between 2D animation and 3D animation is the technique used for creating the images and the way they look. The global 3D animation
Various strategies are leveraged by success-hungry players in the global hyperbaric oxygen therapy devices market. One of them is the thrust on research and development to come up with new or better products. Their focus is on building cost-effective medical devices that would see greater uptake. Strategic partnerships are also being undertaken by them to diversify product portfolios and gain greater share. Further, companies are shifting their gaze to developing
Monolithic Ceramics Market Analysis : TMR
Transparency Market Research has published a new market report titled “Monolithic Ceramics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the global monolithic ceramics market was valued at US$ 19.43 Bn in 2014 and is anticipated to reach US$ 36.64 Bn by 2023, expanding at a CAGR of 7.3% between 2015 and 2023. Request to view Sample Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3158 Monolithic ceramics are
Wax Market Analysis : TMR
A recent research report published by Transparency Market Research projects the global wax market to expand at a CAGR of 2.6% during the period between 2014 and 2020. The report, titled “Wax Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” estimates the global wax market to be worth US$8.98 bn by 2020. The overall market stood at a valuation of US$8.21 bn in 2013
TMR - Electrical Submersible Pumps Market by 2022
A large number of prominent enterprises with strong brands currently represent the majority in the global electrical submersible pumps (ESPs) market. This provides the market with a highly competitive vendor landscape. According to Transparency Market Research (TMR), the top four companies operating in the market, comprising Schlumberger Limited, Borets Company, LLC, Baker Hughes Incorporated, and GE Oil & Gas, held over 86% of the global ESP market in 2013. In
Sulfone Polymers Market Analysis : TMR
Global Sulfone Polymers Market: Snapshot Several grades/varieties of sulfone polymers have gained vast applicability across a number of industries in the past few years. The relatively higher level of resistance wear and corrosion provided by these materials as compared to metals have increased their usage in medical devices and implants. Owing to their high transparency resistance, low weight, and high performance, the demand for sulfone polymers is also rising in the