|
(Health-NewsWire.Net, March 23, 2021 ) The enzymes market was 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% during the forecast period. The demand for enzymes is increasing significantly, as it is being used across various industries and as a substitute for chemicals.
Key Players:
• BASF (Germany)
• DuPont (US)
• Associated British Foods (UK)
• DSM (Netherlands)
• Novozymes (Denmark)
• Kerry Group (Ireland)
• Dyadic International (US)
• Advanced Enzymes (India)
Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=46202020
By type, the carbohydrase segment is projected to account for the largest share in the market during the forecast period
The carbohydrase segment is projected to dominate the market during the forecast period. Carbohydrases are used in industrial applications, such as textiles & leather, food & beverages, pulp & paper, and biofuel. Carbohydrase is classified into amylase, cellulase, and other carbohydrases, which are used in various applications and microbes are a major source for them. The carbohydrase segment dominated the market, as enzymes named amylase catalyzes the hydrolysis of starch into sugar, which is used for various industrial applications.
By specialty enzymes, the pharmaceutical segment accounted for the largest market size in the market during the forecast period
The demand for specialty enzymes is increasing significantly due to the increasing application of enzymes in the pharmaceutical industry. Pharmaceutical manufacturers are increasingly becoming aware of the incorporation of biocatalysts into the manufacturing process. The increasing usage of enzymes in therapies for diseases, such as cancer, cardiovascular diseases, and lysosomal disorders, is projected to drive the demand for enzymes in the market.
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.
Request for Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=46202020
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
MarketsandMarkets™
Mr. Aashish Mehra
1-888-600-6441
newsletter@marketsandmarkets.com
Source: EmailWire.Com 
|
