CHICAGO, March 26, 2020 /PRNewswire/ --According to the
new market research report "Enzymes Market by
Product Type (Industrial enzymes and Specialty enzymes), Source
(Microorganism, Plant, and Animal), Type, Industrial Enzyme
Application, Specialty Enzymes Application, and Region - Global
Forecast to 2025", published
by MarketsandMarkets™, the Enzymes Market is
estimated to be valued at USD 10.0
billion in 2019 and is projected to reach USD 14.7 billion by 2025, recording a CAGR of
6.7%, in terms of value. The growing concerns about the environment
among people and the increasing demand for biofuels are factors
that are projected to drive the growth of the enzymes market,
globally.
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The microorganism segment is projected to witness significant
growth during the forecast period.
Based on source, the enzymes market is segmented into
microorganisms, plants, and animals. The microorganism segment is
projected to witness the highest growth during the forecast period,
as enzymes obtained from microbial sources lead to low production
costs. Furthermore, they contain more predictable and controllable
enzyme content. In addition, as enzymes obtained from microbial
sources can be cultured in large quantities in a short period,
microorganisms are the primary source of industrial enzymes.
Browse in-depth
TOC on "Enzymes Market"
126 –
Tables
53 – Figures
202 –
Pages
The carbohydrases segment is projected to account for a major
share in the enzymes market during the forecast period
By type, the enzymes market is segmented into carbohydrase,
proteases, lipases, polymerases & nucleases, and other enzymes.
The carbohydrases segment is further segmented into amylases,
cellulases, and other carbohydrates. This segment is estimated to
account for a significant share in the enzymes market, as
carbohydrase, such as amylase and cellulase, has been used in
industrial applications, including food & beverage, textiles,
and pulp & paper. In addition, the enzymes market is dominated
by the carbohydrase segment, as the majority of biofuels are
manufactured by sugars and amylases and are used as an economical
alternative for the modification of starch into sugars.
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The Asia Pacific region is
projected to witness the fastest growth during the forecast
period.
The enzymes market in Asia
Pacific is expected to witness the highest growth due to the
increasing demand for enzymes in industrial and specialty
applications. Technological innovations in machinery, synthetic
fibers, logistics, and globalization of business have made the
textile & leather industry one of the essential sectors in the
Asia Pacific region. Furthermore,
the shift of industrial operations from developed regions, such as
North America and Europe to Asia
Pacific, has further contributed to the growth of the
enzymes market in this region. The use of enzymes in the biofuel
industry will grow further due to the increase in bioethanol
production and its usage in fueling automobiles and electricity. In
addition, the majority of the population resides in the
Asia Pacific region, which is
contributing to the growth of the pharmaceutical industry. Enzyme
usage in pharmaceutical products will further drive the enzymes
market in the Asia Pacific
region.
This report includes a study on the marketing and development
strategies, along with the product portfolios of leading companies.
It consists of profiles of leading companies, such as BASF
(Germany), DuPont (US), Associated
British Foods (UK), Novozymes (Denmark), DSM (Netherlands), Dyadic International (US),
Advanced Enzymes Technologies (India), Aumgene Biosciences (India), Chr Hansen (Denmark), Amano Enzymes (Japan), Roche Holding (Switzerland), Codexis (US), Sanofi
(France), Merck (Germany), Enzyme Supplies (UK), Creative
Enzymes (US), Enzyme Solutions (US), Enzymatic Deinking
Technologies (US), and Biocatalysts (UK).
Browse Related Reports:
Food Enzymes Market by Type (Carbohydrase, Protease,
Lipase), Application (Beverages, Bakery Products, Dairy Products,
Confectionery Products, Processed Foods), Formulation (Lyophilized
Powder and Liquid), Source, and Region - Global Forecast to
2023
https://www.marketsandmarkets.com/Market-Reports/food-enzymes-market-800.html
Specialty Enzymes Market by Source (Microorganism,
Plant, Animal), Type (Carbohydrases, Protease, Lipase, Polymerases
& Nucleases), Application (Pharmaceutical, Research &
biotechnology, Diagnostic, Bio-Catalyst) & Geography - Global
Trends & Forecasts to 2018
https://www.marketsandmarkets.com/Market-Reports/specialty-enzymes-market-21682828.html
Browse Adjacent Markets: F & B Ingredients Market
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