Global enzymes market is expected to reach USD 13.79 Billion by 2026, at a CAGR of 6.75% from 2019 to 2026. Growing demand from the end-user industries such as detergents, pharmaceuticals, and food & beverages is driving the global enzymes market.
Enzymes are fundamentally protein molecules that perform the function of a biological catalyst to bring speed to metabolic reactions. Enzymes also feature other properties, such as the ability to react with a specific reactant. The enzymes market is expected to grow at an accelerated pace due to its extensive utilization in food processing, paper, biofuels, rubber, photography, biological detergents, contact lens cleaners, and molecular biology sectors.
Global Enzymes Market Key Findings:
All the segments have been analyzed on global, regional and country basis. The study includes analysis of more than 30 countries for each segment.
The global enzymes market has been segmented on the basis of type, source, and application.
Regional Segmentation Analysis:
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. The North America region emerged as the largest market for the enzymes with a 40.23% share of market revenue in 2018.
Global Enzymes Market Competitive Analysis:
Key players in the global Enzymes market are DSM, Novozymes, Danisco, Dow, DuPont Genencor, BASF, Advanced Enzymes, Enmex, Lonza Group, AB Enzymes, Chr. Hansen, Roche, ADM, BBI Enzymes Ltd., Procter & Gamble Co., Puratos Group, and Novus International, Inc., among others. Food and Beverages segment is generating a huge demand for the enzymes. In order to fulfill these burgeoning demand major players are increasing focusing on launching new products. For instance, in 2018, DowDupPont unveiled a new generation of dupont™ danisco® POWERBake® 8000 enzyme for the bakery industry in South America. POWERBake® 8000 is a fungal xylanases that guarantees more efficient and stable baking process, increasing the final product's volume.
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This study forecasts revenue and volume growth at global, regional, and country levels from 2016 to 2026. Fior Market Research has segmented the global enzymes market on the basis of below-mentioned segments:
Global Enzymes Market by Type:
Global Enzymes Market by Source:
Global Enzymes Market by Application:
Global Enzymes Market by Region:
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