The global enzymes market is
expected to reach USD 17.50 billion by 2024, according to a new report by Grand
View Research, Inc. Growing demand for enzymes in food & beverage products
as they improve quality and eliminate deficiencies in the products is expected
to propel industry growth in the near future.
Increasing demand for bioethanol
and biodiesel in emerging economies including India, Brazil, and Thailand will
augment industry growth over the forecast period. Growing number of government
investments along with R&D activities in industrial enzymes will drive
demand over the next eight years.
Rising population along with
rising living standard will drive processed foods demand, which in turn will
stimulate industry expansion. In addition, emerging protein design algorithms,
along with growing inexpensive DNA sequencing technology will open new market
avenues over the next seven years.
Carbohydrases accounted for 47.7%
of the global market share in 2015, dominating the enzymes industry and the
segment is expected to show significant growth in light of high usage in animal
feed, textile, food & beverages, and pharmaceutical applications. Moreover,
mounting usage of artificial sweeteners, prebiotic products, and juices is
expected to fuel product demand over the forecast period.
Browse full research report on Biofuel Enzymes Market:
http://www.grandviewresearch.com/industry-analysis/enzymes-industry
Further key findings from the
report suggest
- Specialty enzymes are anticipated to witness the
fastest growth at a CAGR of 9.2% from 2016 to 2024 on account of
increasing awareness regarding therapies for chronic diseases, along with
growing incidences of digestive enzyme disorders. Moreover, increasing
usage of the ingredient for diagnostic solutions is expected to augment growth.
Chemical reactions in research & biotechnology are accelerated by
making the use of enzymes. They also optimize the yield of the production
processes, which is expected to bolster demand over the forecast period.
- Animal feed is likely to witness significant growth
at a CAGR of 9.0% from 2016 to 2024 as a result of mounting demand for
swine, bovine, poultry and aquaculture species. Growing global meat
production coupled with rising health concern regarding meat quality will
augment animal feed demand, which is expected to stimulate industry
expansion.
- North America enzymes market was valued at USD 3.59
billion in 2015 and will show high gains in light of favorable government
policies along with a robust manufacturing base in the U.S. Growing demand
for animal feed and biofuels in the U.S. is expected to drive market size.
- Latin America accounted for 8.3% of the overall
enzymes market and will show substantial growth in light of rapid
industrialization coupled with increasing biodiesel production in Brazil
and Argentina.
- Key industry players include Novozymes, Danisco,
Royal DSM, BASF SE, DuPont, Lonza Group, and Advanced Enzymes Technologies
Ltd. In January 2014, DuPont launched LAMINEX MaxFlow 4G enzyme, intended
for increasing texture, taste and appearance of beer in beverages
applications.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/catalysts-and-enzymes
Grand View Research has segmented the global enzymes market
on the basis of type, product, application and region:
Global Enzymes Type Outlook (Revenue, USD Million, 2013 -
2024)
- Industrial
enzymes
- Specialty
enzymes
Global Enzymes Product Outlook (USD Million, 2013 - 2024)
- Carbohydrase
- Proteases
- Lipases
- Polymerases
& nucleases
- Others
Global Industrial Enzymes Application Outlook (Revenue,
USD Million; 2012 - 2022)
- Food
& Beverages
- Detergents
- Animal
Feed
- Textile
- Paper
& Pulp
- Nutraceutical
- Personal
Care & Cosmetics
- Wastewater
Global Specialty Enzymes Application Outlook (Revenue,
USD Million; 2012 - 2022)
- Pharmaceuticals
- Research
& biotechnology
- Diagnostics
- Biocatalyst
Global Enzymes Regional Outlook (Revenue, USD Million,
2013 - 2024)
- North
America
- U.S.
- Mexico
- Canada
- Europe
- Germany
- UK
- France
- Asia
Pacific
- China
- India
- Japan
- Latin
America
- Brazil
- MEA
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
