This global Enzymes market report studies the industry based on one or more segments covering key players, types, applications, products, technology, end-users, and regions for historical data as well as provides forecasts for next few years.
Enzymes Market size is estimated to exceed USD 9.5 Billion by 2024; according to a new research report.
Potential outlook in food & beverages and animal feed industry, owing to its benefits including enhanced metabolic reaction will propel the enzymes market size. Growing population resulting in rising food demand will remain the key factor driving the industry growth.
Shifting consumer preference towards processed food and ready to drink beverages have enhanced the product demand. The U.S. processed food industry was worth over USD 750 billion in 2016. Moreover, increasing product usage in brewing process will open new avenues for industry growth.
Enzymes enhance the chemical reactions involved in production process of detergents, textile, pulp & paper and personal care products. Enhancing the stain removal along with improved effectiveness of detergents are the key aspects driving the market growth.
Development of enzymes as cost effective alternative for synthetic catalyst has stimulated the industry demand. Improving product quality, reduced energy consumption & hazards, low chemical discharge along with multifunctionality properties will encourage the industrial applications.
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Biofuels market generated over 24 kilotons in terms of volume in 2016. High dependency on enzymes in biofuel industry will provide a positive outlook for industry demand. Growing biodiesel production particularly in the U.S. and Europe due to environmental regulations will support the industry growth.
North America is anticipated to witness gains over 6% up to 2024. Increasing penetration of organized retail business coupled with expansion in food & beverages industry will drive the industry growth. Emergence of genetically engineered products has enhanced the product scope.
Europe enzymes market was valued over USD 1.5 billion in 2016. Presence of leading manufacturers in this region including Novozymes, DSM, Danisco and Novus International will support the industry demand. Growing diversity of product applications along with environmental uses including waste treatment will propel the industry demand.
Global enzymes market is highly consolidated as top three players account for 75% of the industry share. Novozymes alone accounted for 48% of the market share in 2016. BASF, DSM, Dupont Danisco, and Novozymes are the major industry participants. Expansion of geographical coverage along with improved profitability through joint ventures, mergers & acquisitions and collaborations remain the key strategies adopted by industry players.
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Table of Content:
Chapter 1 Methodology & Scope
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry Insights and validation
1.1.4 Definitions, assumptions & forecast parameters
1.2 Data Sources
Chapter 2 Executive Summary
2.1 Enzymes industry 360 degree synopsis, 2013 – 2024
2.1.1 Business trends
2.1.2 Product trends
2.1.3 Application trends
2.1.4 Regional trends
Chapter 3 Enzymes Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013- 2024
3.3 Industry ecosystem analysis
3.3.1 Distribution channel analysis
3.3.2 Profit margin trends
3.3.3 Vendor matrix
3.4 Industry impact forces
3.4.1 Growth drivers
126.96.36.199 Food & beverage industry expansion
188.8.131.52.1 Baking industry
184.108.40.206.2 Baby food industry
220.127.116.11.3 Brewing industry
18.104.22.168.4 Juices & beverages industry
22.214.171.124.5 Dairy industry
126.96.36.199.6 Meat tenderizers
188.8.131.52 Rising demand from animal feed industry
184.108.40.206 Increasing application scope in biofuels and pulp & paper industry
220.127.116.11 Penetration in enzyme engineering
3.4.2 Industry pitfalls & challenges
18.104.22.168 Lack of standardized regulatory guidelines
3.5 Enzymes that work on specific industry
3.6 Concentration and primary purification of enzymes
3.6.1 Some of the essential features determining the choice of enzymes
3.6.2 Techniques used in concentration and purification of enzymes
3.7 Growth potential analysis
3.8 Regulatory landscape
22.214.171.124.2 Composition of the enzyme preparation
126.96.36.199.3 Manufacturing Process
188.8.131.52.4 Specifications for Identity and Purity
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