Global Industrial Enzymes Market
The global Industrial Enzymes market was valued at USD 4.58 billion in 2016 and is projected to reach USD 7.48 billion by 2025, growing at a CAGR of 5.6% from 2017 to 2025.
Industrial enzymes are expected to experience huge demand in the future as they provide process improvements and improve the quality of final products. The demand naturally derived enzymes is expected to grow rapidly over the forecast period owing to less side effects associated with them.
1. Market Drivers
1.1 Rising demand for biofuel
1.2 Multi-functionality of industrial enzymes
1.3 Need for cost reduction and resource optimization
2. Market Restraints
2.1 Stringent regulations
2.2 Concerns over quality, safety, and consumer perception towards enzymes
The global Industrial Enzymes market is segmented on the type, application, source, and region.
1. By Type:
2. By Application:
2.1 Food and Beverage
2.1.2 Bakery Products
2.2 Cleaning Agents
2.2.1 Laundry Detergents
2.2.2 Automatic Dishwashing Detergent
2.3 Animal Feed
3. By Source:
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. Amano Enzyme Inc.
2. Novozymes A/S
3. BASF SE
5. Dyadic International Inc.
6. Associated British Foods PLC
7. Chr. Hansen Holding A/S
8. Koninklijke DSM NV
9. Advanced Enzyme Technologies Ltd.
10. EI Du Pont De Nemours
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Industrial Enzymes market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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