Press release
Enzymes Market Size, Demand, Growth Analysis, Share, Revenue and Forecast 2026
Enzymes Market
The growth of the enzyme market is mainly due to the high demand for effective enzymes based pharmaceuticals. Other driving forces include an increase in demand for renewable energy sources such as biofuels, wide applications of enzymes in various industries, and a rise in prevalence of various chronic diseases such as inflammation & digestive diseases.
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North America dominates the market, followed by Europe. Asia-Pacific has the highest growth rate throughout the forecast period, owing to the high prevalence of chronic disorders, increase in disposable incomes, an increase in awareness regarding enzymes based pharmaceuticals and protein engineering techniques.
Key participants include AB Enzymes GmbH, Advanced Enzyme Technologies Ltd., Amano Enzyme Inc., BASF SE (BASF Corporation), Codexis, Inc., DowDuPont Inc., F. Hoffmann-La Roche Ltd., Koninklijke DSM N.V., Novozymes A/S, and Thermo Fisher Scientific Inc. (Affymetrix, Inc.) among others.
Further key findings from the report suggest
• With processed food gaining popularity, demand for enzymes is increasing. It adds longevity to food’s shelf life.
• Food and Beverages hold a market share of 24% in the year 2018 and is forecasted to hold a market share of 25% in the year 2026 with an annual growth rate of 6.0%
• Enzymes find its application in consumer products such as detergents. Even a molecule of the enzyme in the detergent can boost its ability to act on substrate molecules such as soil.
• Household occupy a market share of 22% in the year 2018 and is forecasted to hold a market share of 23% in the year 2026 with the highest annual growth rate of 6.1%
• On the basis of source, the market is segmented into microorganisms, plants, and animals. Microorganisms hold the major share as they are easily available and have low production costs.
• Microorganisms have a market share of 37% in the year 2018 and are forecasted to hold a market share of 38% in the year 2026 with 5.8% annual growth rate throughout the forecast period.
• Based on reaction type, the enzyme market is segmented into Hydrolase, Transferase, Oxidoreductase, Lyase, and Other Enzymes.
• Hydrolase has the largest market share of 24% in the year 2018 and is forecasted to hold a market share of 25% in the year 2026 with an annual growth rate of 6.0% throughout the forecast period.
• The U.S. is the major contributor in enzymes market owing to high demand in the food and beverage industry and a rising concern for health, coupled with a high preference for processed food will drive the market in this region.
• North America will have the largest market share of 27% in the year 2018 and is forecasted to hold a market share of 28% in the year 2026 with an annual growth rate of 6.0% throughout the forecast period.
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For the purpose of this report, Reports and Data have segmented global Enzymes market on the basis of Type, Source, Reaction Type, Formulation, Application, and Region:
Type Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)
• Protease
• Carbohydrase
• Lipase
• Polymerases and Nucleases
• Other Types
Source Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)
• Microorganisms
• Plants
• Animals
Reaction Type Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)
• Hydrolase
• Oxidoreductase
• Transferase
• Lyase
• Other Enzymes
Formulation Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)
• Lyophilized powder
• Liquid
• Other (gel and granular forms)
Application Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)
• Food & Beverage
• Household Care
• Bioenergy
• Pharmaceuticals and biotechnology
• Feed
Market Segmentation by Regions:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key Point Summary of the Report:
The global Enzymes market research report is an investigative study offering key insights into the latest growth trends, developments, technological and product advancements, and the research and development scenario. The report also covers the market aspects that directly influence the growth of the market. These features include strategies undertaken by the prominent players, their expansion tactics, and the product portfolios of the companies, and micro and macro-economic factors.
The study also analyses the crucial market aspects, including R&D, product launches and brand promotions, mergers and acquisitions, collaborations, joint ventures, and the growth pattern on both regional and global levels. The report offers an in-depth evaluation of factors such as cost, capacity, rates of production and consumption, gross revenue, profit margin, demand and supply ratio, import/export, market share, market size, and market trends.
The Global Enzymes Market includes relevant and verified information relating to the overall market, key players, and their market position and financial standing. The report utilizes advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, investment return analysis, and feasibility analysis to offer a comprehensive view of the market position of the major players of the industry.
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