Press release
Advanced Enzymes, BASF Profiled in Enzymes Market 2018-2024 | Top Players- DSM, Novozymes, CHR HANSEN GIDA A.Ş., Danisco Animal Nutrition, Specialty Enzymes & Probiotics, Aumgene Biosciences Pvt Ltd, Codexis, Inc.
Enzymes Market
As per the Global Market Insights Inc. report, the global enzymes market size worth USD 5 billion, is predicted to reach USD 10.7 billion by 2024, growing at a CAGR of 8% over the period of 2016-2024. Healthy diet requirement, lifestyle changes, and demographic influences are few of the factors predicted to promote the growth of the global enzymes industry. Rising demand for high-quality meat coupled with decreasing operational expenses is predicted to boost the demand for animal feed enzymes. Furthermore, new technological breakthroughs along with market consolidation are some of the aspects influencing the enzymes market growth.
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Company Profiles
1. BASF
2. DSM
3. Novozymes
4. CHR HANSEN GIDA A.Ş.
5. Advanced Enzymes
6. Danisco Animal Nutrition
7. Specialty Enzymes & Probiotics
8. Aumgene Biosciences Pvt Ltd
9. Codexis, Inc.
10. Hayashibara
11. AB Enzymes
12. National Enzyme Company
13. Novus International
14. Roche
15. Asahi Kasei Pharma America
16. EDT-Enzymatic Deinking Technologies, LLC
17. BioResource International, Inc.
18. DIREVO Biotech AG
19. Enmex SA de CV
20. Lumis Biotech
21. Aum Enzymes
22. Caprienzymes
23. PAC Bio Fungbact
24. Amano Enzyme Inc.
Surging demand for beer, wine, whisky & other beverages among the young population owing to the rising disposable income and changing consumer lifestyle will propel the brewing enzymes market size. Shifting consumer buying behavior, creation & rejuvenation of urban centers, and proliferation of the lifestyle centers will be a key impetus for the industry landscape. Economic regimes such as lowered tax rates & incentives, coupled with various government subsidies will promote new companies to invest significantly in brewing R&D and innovations.
Rising awareness pertaining to numerous health concerns, upsurge in the prevalence of sporty lifestyle & social gatherings among youth is fueling the demand for alcohol free beer. For instance, as per the recent beer industry trends, in 2018 alcohol free beer witnessed a 60% boost in the UK retail segment. Hence, it will promulgate the industry expansion over the projected timeframe.
The proteases enzymes market is predicted to grow at a CAGR of 7% over the forecast timeframe due to its applications in animal feed, food, detergent, chemical, and pharmaceutical industries. Carbohydrases enzymes market size worth USD 2 billion in 2015, is predicted to witness a significant growth over the next eight years as a result of its use to catalyze carbohydrates into glucose and fructose for food & beverages and pharmaceutical applications.
Asia Pacific brewing enzymes market was valued at over USD 80 million in 2017. Increasing demand for innovative & improved beer variants among developing economies such as China, Japan, and India will fuel the high-quality product demand among several brewers in the forecast period. Also, shifting consumer preferences towards low-cost beer variants coupled with rising popularity of malt & wheat beer variants will further support the product penetration across the region.
Europe brewing enzyme market is projected to surpass over USD 110 million in the forecast period 2018 to 2024. Rising number of craft breweries owing to exponentially growing demand for craft beer in the region will fuel the brewing enzymes market growth. As per Brewers of Europe Association, the number of active breweries in EU-28 were 8,490 in 2016 as compared to 4,035 in 2010, growing at over 13% CAGR from 2010 to 2016. The major industry players across the region include Koninklijke DSM N.V., Novozymes A/S, AB Enzymes, and Danisco.
Global brewing enzymes market share has competitive nature owing to the limited players capturing major industry share. Key manufacturers include Royal DSM, Novozymes, Danisco, Lyven, Megazyme, Habio Bioengineering, Jiangsu Boli Bioproducts, Advanced Enzymes, and Enzyme Innovation. The manufacturers are involved in new product launches, production capacity expansions and mergers & acquisitions to gain competitive advantage. For instance, in January 2017, Danisco launched a new product Danisco Alphalase Advance 4000 which provided a robust solution for brewers in eliminating or reducing diacetyl content while beer fermentation.
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