Animal-Sourced Enzyme Market was Valued at USD 1,665.9 Million in 2017 and is Projected to Reach USD 2,497.3 Million By 2025

An exclusive Animal-Sourced Enzyme Market research report created through broad primary research (inputs from industry experts, companies, and stakeholders) and secondary research, the report aims to present the analysis of Global Animal-Sourced Enzyme Market by Type, By Application, By Region - North America, Europe, South America, Asia-Pacific, Middle East and Africa. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the Global Animal-Sourced Enzyme Market . Additionally, the report also highlights market entry strategies for various companies across the globe.

Global Animal-Sourced Enzyme Market Analysis
According to Verified Market Intelligence, the Global Animal-Sourced Enzyme Market was valued at USD 1,665.9 Million in 2017 and is projected to reach USD 2,497.3 Million by 2025, growing at a CAGR of 5.2% from 2018 to 2025.

What is Animal-Sourced Enzyme?

Enzymes are defined as biological catalysts, they function by accelerating reactions within cells and thereby play a role in almost every function of the body. Enzymes can be sourced from several living organisms; primarily from plants, fungi as well as animals. In terms of animal enzymes, the following enzymes can be obtained: Lipase, Rennet, Trypsin, Catalase and Chymotrypsin. Animal sources enzymes can be derived from a variety of animals. Globally, enzymes are most frequently obtained from the cows pigs. Animal sourced enzyme differ from plants in a couple of ways, majorly by their PH functioning levels. Animal sourced enzymes are only effective at higher functional levels and therefore they are comparatively less efficient in the facilitation of digestion.

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Global Animal-Sourced Enzyme Market Outlook

In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.

There are several benefits in animal sourced enzymes, some of which are the cost effectiveness of the enzymes, especially in comparison to the other sourced enzymes. The amount of enzymes (enzyme level) are easier to control and therefore is more predictable as well as the fact that enzymes that are sourced from plants are potentially more harmful in comparison to the ones that are found in animal sourced enzymes. These factors are driving the market for animal sourced enzymes. Factors such as the inability of animal sourced enzymes to be able to function at lower levels are restraining the market for animal sources enzymes.

Verified Market Intelligence narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Animal-Sourced Enzyme Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market. This can be of a great use in gaining knowledge about the cutting-edge technologies in the market.

Global Animal-Sourced Enzyme Market Competitive Landscape

The “Global Animal-Sourced Enzyme Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as AST Enzymes, National Enzyme Company (NEC) and AMFEP. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above mentioned players globally.

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Global Animal-Sourced Enzyme Market Segmentation, by Enzyme Type
On the basis of enzyme type, Global Animal-Sourced Enzyme market is segmented into:

Lysozyme
Pepsin
Rennet
Trypsin
Others

Rennet accounted for the majority of the market in 2017 and is projected to witness the highest growth over the forecast period.

Global Animal-Sourced Enzyme Market Segmentation, by Application
On the basis of application, Global Animal-Sourced Enzyme Market is classified into:

Food & beverage
Cosmetics
Pharmaceutical
Dietary supplements
Animal feed
Others

The food & beverage segment is expected to dominate the market over the next eight years. However, the pharmaceutical segment is projected to witness the highest CAGR.

Global Animal-Sourced Enzyme Market Segmentation, by Source
On the basis of source, Global Animal-Sourced Enzyme Market is classified into:

Pork
Beef
Poultry

Beef, as a source of animal enzymes is projected to hold the largest market share by the end of 2025.

Global Animal-Sourced Enzyme Market Geographic Scope

North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia Pacific
Latin America
Brazil
Rest of the World

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