Press release
Industrial Enzymes Market Will Touch a New Level in Upcoming Year | AB Enzymes GmbH, Novus International, Inc., Codexis, Inc., Chr. Hansen Holding A/S, Adisseo, Novozymes, DSM, DuPont, BASF, Amano Enzyme
Industrial Enzymes Market
Market Definition: Global Industrial Enzymes Market
Global Industrial Enzymes Market has products which are natural protein molecules produced by all living organisms, which acts as catalysts for accelerating the pace of chemical reactions, and help a chemical reaction to take place quickly and efficiently. Global Industrial Enzymes Market products are used in the production of various food and beverages such as cheese, alcohol, bread, and fruit drinks. Enzymes are mostly used in food & beverage industry and cleaning agents industry. The enzymes are extracted from various sources such as plant tissue, animal tissue, microorganisms, and industrial enzymes are produced through fermentation. With the increase in the consumption of processed food and packaged food globally, has caused the rise in demand for the industrial enzymes in various industries.
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Market Analysis: Global Industrial Enzymes Market
The Global Industrial Enzymes Market is expected to reach USD 7.66 billion by 2025, from USD 4.88 billion in 2017 growing at a CAGR of 6.0% during the forecast period of 2018 to 2025.
According to the article published by Association for Packaging and Processing Technologies, it has been stated that The U.S. food industry is forecast to grow at growth rate of 2.9% for the year 2022.
It has also been found that according to India brand equity foundation the food industry in India is expected to grow with the market value of USD 1.3 billion by the year 2020.
In addition, there is also a rise in the rate of consumption of bio-fuel, which is driving the market for industrial enzymes.
Major Market Competitors/Players: Global Industrial Enzymes Market
Some of the major players operating in the global industrial enzymes market are –
• BASF SE
• E. I. Du Pont De Nemours and Company
• Associated British Foods PLCK
• oninklijke DSM N.V.
• Novozymes A/S
• Dyadic International Inc.
• Advanced Enzyme Technologies Ltd
Adisseo, Chr. Hansen Holding A/S, Amano Enzyme Inc, Codexis Inc., Novus International Inc., AB Enzymes GmbH, E.I.du Pont de Nemours and Company, AB Enzymes, Amano Enzyme Inc., Biocatalysts, BioResource International, Inc., Buckman Laboratories International, Inc., Cargill, Incorporated, Codexis, DIREVO Industrial Biotechnology GmbH, DSM, DowDuPont, Dyadic International, Inc., Enzyme Solutions Pty. Ltd., Hayashibara Co., Ltd., KDN Continent Biotech Group, Lesaffre, Maps Enzymes Ltd., Novozymes, Novus International, Specialty Enzymes & Biotechnologies, Sunson Industry Group and many others are mentioned in the report.
In February 2018: AB Enzymes opened a new warehousing and distribution center for customers in North America located near Chicago, Illinois.
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Major Market Drivers and Restraints:
• Growing demand for biofuel
• Need for cost reduction and resource optimization
• Growing demand for consumer products
• Multi-functionality of industrial enzymes
• Introduction of genetically-engineered enzymes
• Stringent regulations
• Lack of transparency in patent protection laws
Market Segmentation: Global Industrial Enzymes Market
• The global industrial enzymes market is segmented based on source, type, application, and geographical segments.
• Based on type, the global industrial enzymes market is segmented into amylases, cellulases, proteases, lipases, phytases and others.
• On the basis of source, the global industrial enzymes market is classified into micro-organisms, plants and animals.
• On the basis of application, the global industrial enzymes market is classified into food and beverages, cleaning agents, animal feed and other enzymes. The food and beverages segment is sub segmented into baked goods, dairy and others. The cleaning agents segment is sub segmented into laundry detergents, automatic dishwashing detergent and others.
• Based on geography, the global industrial enzymes market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.
Competitive Analysis: Global Industrial Enzymes Market
The global industrial enzymes market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of industrial enzymes market for global, Europe, North America, Asia Pacific and South America.
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Key Highlights of Report
• Overview of key market forces propelling and restraining market growth
• Offers a clear understanding of the competitive landscape and key product segments
• An analysis of strategies of major competitors
• Detailed analyses of industry trends
• A well-defined technological growth map with an impact-analysis
• Provides profiles of major competitors of the market.
• Details of their operations, product and services.
• Recent developments and key financial metrics.
Customization Options
• All segmentation provided above in this report is represented at country level and can be customized according to needs.
• All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization).
Research Methodology
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation.
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