Press release
Enzymes Market is anticipated to expand at a CAGR of more than 7% from 2019 to 2027
The global enzymes market was valued at approximately ~US$ 6.4 Bn in 2018 and is anticipated to expand at a CAGR of more than 7% from 2019 to 2027
Rise in demand for enzymes for use in the food & beverages processing application is driving the global enzymes market. North America accounted for a major share of the global enzymes market in 2018.
Read report overview@
https://www.transparencymarketresearch.com/enzymes-market.html
In terms of demand, the U.S. held a dominant share of the North America enzymes market in 2018. The enzymes market in North America is expected to expand at a CAGR of ~7% during the forecast period.
Key Drivers of Global Enzymes Market
Innovation in the field of specialty and technical enzymes is projected to replace polluting chemical processes and provide environmental sustainability
Properties of enzymes, such as excellent ability of enzymes to function at different pH levels and accelerating rate of reaction have led to their increased demand in food & beverages processing and animal feed applications.
Request PDF Brochure@
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=481
Rise in competition among beer producers for improving the quality and flavor of alcoholic beverages is likely to drive the beverages industry to manufacture new beers with improved flavors. This, in turn, would increase the demand for high purity grade of enzymes, thus boosting the market for enzymes.
Global electricity is produced by burning fossil fuels such as coal, oil, and gas. These fuels release billions of tons of carbon dioxide and hence, lead to climate change. In order to reduce reliance on fossil-based fuels, governments of various countries are adopting renewable energy sources such as wind energy, solar energy, biofuels, etc.
Enzymes, such as carbohydrases are used in the fermentation process of cellulose into glucose in order to manufacture biofuels. This is projected to drive the demand for enzymes in the near future.
Technical Grade to Dominate Global Enzymes Market
Among grades, the technical grade segment held a major share of the enzymes market in 2018. Technical grade enzymes include carbohydrases, proteases, lipases, phytases, etc. The ability of technical enzymes to operate at mild conditions and their low cost are expected to drive the demand for these enzymes from a wide range of industries, including chemical production, biofuels, food & beverages, and personal care & household products.
Rise in demand for enzymes for its use in synthesis of intermediates, which are further used in the manufacturing of active pharmaceutical & diagnostic ingredients (APIs), is projected to propel the demand for specialty enzymes in pharmaceutical & diagnostics
North America Dominated Global Enzymes Market
In terms of revenue, North America led the global enzymes market in 2018. Rising regulations on decreasing carbon emissions has compelled government bodies across the region to find alternative fuels. Moreover, latest advancements in production technologies and production processes have the potential to make biofuel manufacturing economical. This, in turn, has led to the growth of the bioenergy sector in the region. Ability of enzymes to increase the rate of conversion of cellulose into glucose and further glucose to create ethanol is expected to boost the market for enzymes across the region.
The enzymes market in Asia Pacific is projected to expand at a rapid pace during the forecast period. Rise in population and middle class income has led to increased consumption of ready-to-eat food products, such as bakery and dairy products. This, in turn, is expected to increase the production of these food products across Asia Pacific in the near future. All these factors are likely to drive the demand for enzymes for use in improving food production as well as food quality, including flavor, aroma, color, texture, appearance, and nutritive value in the region during the forecast period.
China is a major consumer of food & beverages across the Asia Pacific region. The country accounted for a prominent share of the Asia Pacific enzymes market in 2018, owing to a high rate of adoption of enzymes such as carbohydrases, proteases, and lipases in food & beverages processing applications.
Prominent players, such as Novozymes A/S are focused on expanding their production facilities in Asia Pacific to cater to the rising demand for enzymes in various applications in the region. For instance, in November 2016, Novozymes A/S announced its plans to construct a manufacturing facility and a supply chain facility near Mumbai, India.
Prominent Players in Global Enzymes Market
Prominent players operating in the global enzymes market are BASF SE, Novozymes A/S, DowDuPont Inc., AB Enzymes GmbH, Biocatalysts Ltd, Chr., Hansen Holding A/S, Koninklijke DSM N.V., and F. Hoffmann-La Roche Ltd., Advanced Enzyme Technologies Limited, Asahi Kasei Corporation, CapriEnzymes, Maps Enzymes Ltd., SUNSON INDUSTRY GROUP CO., LTD., Tex Biosciences, LUMIS BIOTECH PVT LTD., Nature BioScience Pvt. LTD., Shanghai Shingenzyme Biochemical Industry Co., Ltd., and Zaozhuang Jienuo Enzyme Co., Ltd etc.
The global enzymes market is highly competitive in nature. These companies are focusing on increasing research and development activities, and enhancing the quality of their products.
Producers of enzymes are focusing on continuous development of their existing product portfolio. Additionally, manufacturers are also expanding the use of their technology for the development of new concepts for new applications.
Contact
Transparency Market Research,
90 Sate Street, Suite 700,
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com/
About Us
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts so that it always reflects latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
This release was published on openPR.
Permanent link to this press release:
Copy
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 Enzymes Market is anticipated to expand at a CAGR of more than 7% from 2019 to 2027 here
News-ID: 1915599 • Views: …
More Releases from Transparency Market Research
Handheld Marijuana Vaporizer Market Key Drivers, Market Research, and Insights f …
The global handheld marijuana vaporizer market has witnessed remarkable growth in recent years, attributed to the increasing acceptance of medicinal marijuana and the demand for convenient and discreet consumption methods. Valued at US$ 5 billion in 2021, the market is projected to surge at a CAGR of 13.4% to reach US$ 15.9 billion by 2031. This article delves into the factors driving this growth, the evolving market landscape, and the…
Disinfectant Wipes Market Forecast 2020-2030 - Market Size, Drivers, Trends, And …
The COVID-19 pandemic has precipitated a remarkable surge in the demand for disinfectant products, with a notable emphasis on disinfectant wipes as an essential tool in maintaining hygiene and preventing the spread of pathogens. This research report delves into the multifaceted landscape of the disinfectant wipes market, elucidating key trends, drivers, and innovations shaping the industry.
𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=70359
Key Players and Market Developments
Key players…
Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Stud …
The global 𝐭𝐢𝐬𝐬𝐮𝐞 𝐛𝐚𝐧𝐤𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 reached a value of US$ 1,056.4 million in 2017 and is projected to nearly triple to US$ 2,903.3 million by 2026, with a robust Compound Annual Growth Rate (CAGR) of approximately 12.0% from 2018 to 2026. Factors such as increasing awareness about tissue donation, technological advancements, and a growing target patient population are anticipated to propel market growth during this period.
Moreover, the market is expected…
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
This report by Transparency Market Research, Inc. assesses the present state and future growth potential of the global 𝐯𝐚𝐬𝐜𝐮𝐥𝐚𝐫 𝐜𝐥𝐨𝐬𝐮𝐫𝐞 𝐝𝐞𝐯𝐢𝐜𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭. It features a comprehensive executive summary, offering insights into various segments of the market. Additionally, the report provides detailed analysis and data on product, access type, application, end user, and regional segments within the global market.
Vascular closure devices is estimated to reach a value of ~US$ 1 Bn…
More Releases for Enzyme
Meat Tenderizing Agents Market 2018 Flourishes with International Prestigious Pl …
Market Overview:
Tenderizing is a process so as to to reduce the toughness of meat fibers in a cut of meat. Tenderizing agents breaks down the meat collagen and softens the meat. The tenderness of meat depends on various factors including the meat grain, the amount of connective tissue, and the fat %. Tenderness can be improved by various techniques, generally enzymes and acids are used in this process. Enzymes…
Meat Tenderizing Agents Market 2018 Flourishes with International Prestigious Pl …
Market Overview:
Tenderizing is a process so as to to reduce the toughness of meat fibers in a cut of meat. Tenderizing agents breaks down the meat collagen and softens the meat. The tenderness of meat depends on various factors including the meat grain, the amount of connective tissue, and the fat %. Tenderness can be improved by various techniques, generally enzymes and acids are used in this process. Enzymes…
Meat Tenderizing Agents Market Global Leader | Enzyme Bioscience Pvt. Ltd, AB En …
Market Overview:
Tenderizing is a process so as to to reduce the toughness of meat fibers in a cut of meat. Tenderizing agents breaks down the meat collagen and softens the meat. The tenderness of meat depends on various factors including the meat grain, the amount of connective tissue, and the fat %. Tenderness can be improved by various techniques, generally enzymes and acids are used in this process. Enzymes…
Enzymes in Biofuel Market Research Report 2018 | Biofuel Enzyme, Schaumann Bioen …
Researchmoz added Most up-to-date research on "Global Enzymes in Biofuel Market Research Report 2018" to its huge collection of research reports.
This report studies the global Enzymes in Biofuel market status and forecast, categorizes the global Enzymes in Biofuel market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
The…
Meat Tenderizing Agents Market 2018 Flourishes with International Prestigious Pl …
Market Definition:
Tenderizing is a process so as to to reduce the toughness of meat fibers in a cut of meat. Tenderizing agents breaks down the meat collagen and softens the meat. The tenderness of meat depends on various factors including the meat grain, the amount of connective tissue, and the fat %. Tenderness can be improved by various techniques, generally enzymes and acids are used in this process. Enzymes…
Survey Report: Global Digestive Enzyme Supplements Market 2017-2021 - National E …
Digestive enzymes are substances produced by a human body that aid in digestion of food. In cases of individuals, where there are insufficient enzymes, digestive enzyme supplements are consumed to assist digestion.
The global digestive enzyme supplements market to grow at a CAGR of 5.23% during the period 2017-2021. The report covers the present scenario and the growth prospects of the global digestive enzyme supplements market for 2017-2021. To calculate the…
