According to the latest report by IMARC Group, titled “Enzymes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global enzymes market. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global enzymes market size reached US$ 11.56 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 17.06 Billion by 2027, exhibiting a CAGR of 6.40% during 2022-2027.
Enzymes refer to biological catalysts that accelerate the rate of chemical reaction in the cell and aid in building metabolism and breaking down proteins, carbohydrates and fats to support digestion. They help in nerve function, remove toxins from the body, build muscles, provide assistance in the production of cellular macromolecules, and prevent diseases such as phenylketonuria and albinism.
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Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation by type, source, reaction type, application and region.
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape for Enzymes Market
- Strategies of major players and product offerings
One of the primary factors driving the market is the extensive application of enzymes in the pharmaceutical industry to synthesize intermediaries in active pharmaceutical ingredient (API) production for effectual medicines. In addition, there has been an increasing utilization of these enzymes in the food and beverage industry (F&B) for converting starch into glucose.
Besides this, the rising usage of enzymes in producing biofuel that is environmental-friendly and less energy-intensive is catalyzing the market growth. Furthermore, the growing application of these enzymes in protein engineering technology and the utilization of enzymes in detergents for removing oil stains and fats is bolstering the market growth. Other major growth-inducing factors are the increasing use of enzymes in the paper and pulp industry to enhance bleaching properties and extensive product adoption in research and biotechnology.
Key Players Included in Global Research Report:
- Advanced Enzyme Technologies Limited
- Amano Enzyme Inc.
- Associated British Foods plc
- Aumgene Biosciences
- BASF SE
- Hansen Holding A/S
- Codexis Inc.
- DuPont de Nemours Inc.
- Koninklijke DSM N.V.
- Novozymes A/S
- Novus International Inc. (Mitsui & Co. Ltd.)
- Thermo Fisher Scientific Inc.
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COVID-19 Impact Overview:
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market Segmentation:
Breakup by Type:
- Protease
- Carbohydrase
- Lipase
- Polymerase and Nuclease
- Others
Breakup by Source:
- Microorganisms
- Plants
- Animals
Breakup by Reaction Type:
- Hydrolase
- Oxidoreductase
- Transferase
- Lyase
- Others
Breakup by Application:
- Food and Beverages
- Household Care
- Bioenergy
- Pharmaceutical and Biotechnology
- Feed
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
TOC for the Enzymes Market Research Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- Global Enzymes Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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