Showing posts with label Top Enzymes Market Companies. Show all posts
Showing posts with label Top Enzymes Market Companies. Show all posts

Thursday, February 2, 2023

Global Enzymes Market Revenue is expected to reach approximately US$ 16 billion by 2028: Ken Research

 Buy Now

Global Enzymes Market By Application

The Global Enzymes market is segmented by Application into Food & Beverages, Animal Feed, Cleaning Products, Biofuel, Research & Biotechnology, Diagnostic, Pharmaceuticals and Others. Food and Beverages segment accounts for the largest share in 2022 of the global enzymes market owing to the growing demand for enzymes to modify the properties of food and beverage products including bread, juices, wine, beer, dairy products, and others. Enzymes are widely used in the formulation of fruit juices as it helps improve the quality by clarifying fruit juices and in the dairy industry to improve the taste, texture, and quality of dairy products.

Global Enzymes Market By Geography

The Global Enzymes market is segmented by geography into North America, Europe, Asia- pacific and LAMEA. The North America region accounted for the largest share in 2022 of the global enzymes market owing to the presence of a large number of end-use industries including personal care & cosmetics, food and beverages, pharmaceutical, laundry detergent, and other industries. In addition, an increase in strategic initiatives such as partnerships by enzyme manufacturers to grow the enzyme business is expected to fuel the growth of the market.

In June 2022, Enzyme Innovation partnered with Sumitomo Chemical America to sell their line of animal feed enzymes and probiotics in the U.S. The partnership aimed to offer its product line to livestock and poultry producers in the U.S.

Competition Scenario In Global Enzymes Market

The enzymes market is highly competitive with ~150 players that include globally diversified players, regional players as well as a large number of country-niche players having their niche in enzymes. Large global players control over 40% of the market, while regional players hold the second largest share. Some of the major players in the market include BASF SE, Novozymes A/S, IFF, DSM, Codexis, Inc., Merck KGaA, Chr. Hansen Holding A/S, Advanced Enzyme Technologies, AB Enzymes, F. Hoffmann-La Roche Ltd, Thermo Fisher Scientific, Creative Enzymes, and among others.

The leading global enzymes companies such as Novozymes A/S, IFF, and F. Hoffmann-La Roche Ltd, are highly focused on providing a broad category of enzymes suitable for various end-use industries.

What is the Expected Future Outlook for the Overall Global Enzymes Market Across the Globe?

The Global Enzymes market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2028F, witnessing a CAGR of ~% during the forecast period 2022-2028F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Global Enzymes market is driven by increase in technological advancements for the manufacturing of enzymes along with the growing demand for enzymes in various industries including food and beverages, bioenergy, animal feed, pharmaceuticals, and others. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

The rising research and development of enzymes for the production of biofuel are likely to create immense opportunities for the growth of the enzymes market in the forthcoming years. In August 2020, according to Technology Networks, researchers at the Brazilian Center for Research in Energy and Materials (CNPEM) genetically engineered low-cost enzyme cocktails from a fungus that helped break down the carbohydrates in biomass, like sugarcane (tops and leaves) and bagasse into fermentable sugar. The low-cost enzyme cocktails can be used efficiently to produce biofuels from sugarcane residues.

Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTkyNDk1

With the increasing innovation and emergence of new products, the Global Enzymes market is changing rapidly. For instance, In July 2022, Codexis, Inc., an enzyme engineering company, announced an agreement with Pfizer for the supply of an enzyme called PAXLOVID, an active pharmaceutical ingredient, authorized for emergency use by the U.S. Food and Drug Administration (FDA). It is used for the treatment of mild-to-moderate COVID-19 in patients who are at high risk of developing severe illness.

global-enzymes-industry

Furthermore, In January 2022, BASF SE expanded the production capacity for its feed enzyme plant in Germany. The larger production capacity enabled the company to increase the annual number of feasible fermentations runs and fulfill the growing demand for high-quality enzymes.

The Global enzymes market is forecasted to continue a significant growth that is witnessed since 2020, during the forecast period also, primarily driven by rising demand for the growing use of enzymes in various industries including food and beverages, animal feed, pharmaceuticals, diagnostics, and others. Moreover, technological advancement in the production process and increased awareness regarding environmental issues are expected to escalate the growth of the market. Though the market is highly competitive with about 150 participants, few global players control the dominant share and regional players also hold a significant share.

Key Topics Covered in the Report:-

Snapshot of Global Enzymes Market

Industry Value Chain and Ecosystem Analysis of Enzymes Market

Market size and Segmentation of Global Enzymes Market

Historic Growth of Overall Global Enzymes Market and Segments

Competition Scenario of the Enzymes Market and Key Developments of Competitors

Porter’s 5 Forces Analysis of Global Enzymes Industry

Overview, Product Offerings, and Strategic Developments of Key Competitors

COVID-19 Impact on the Overall Global Enzymes Market

Future Market Forecast and Growth Rates of the Global Enzymes Market and by Segments

Market Size of Application/End-Users Segments with Historical CAGR and Future Forecasts

Analysis of Enzymes Market in Major Regions

Major Production / Consumption Hubs in the Major Regions

Major Production/Supply and Consumption/Demand Hubs in Each Region

Major Country-wise Historic and Future Market Growth Rates of the Total Enzymes Market and Segments

Overview of Notable Emerging Competitor Companies within Each Major Country

Request For Customization @ https://www.kenresearch.com/ask-customization.php?Frmdetails=NTkyNDk1

Major Companies Profiled in the Report

BASF SE

Novozymes A/S

IFF

DSM

Codexis, Inc.

Merck KGaA

Chr. Hansen Holding A/S

Advanced Enzyme Technologies

AB Enzymes

F. Hoffmann-La Roche Ltd

Thermo Fisher Scientific

Creative Enzymes

Notable Emerging Companies Mentioned in the Report

Associated British Foods Plc

BBI Enzymes Ltd.

Dyadic International

CapriEnzymes

Aumgene Biosciences

Amano Enzymes

Enzyme Solutions

Biocatalysts Ltd

Enzymatic Deinking Technologies

Novus International

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

Enzymes Manufacturers

Food and Beverages Manufacturers

Pharmaceutical Companies

Biotechnology Association

Biotechnology Companies

Diagnostic Companies

Biofuel Producers

Animal Feed Manufacturers

Detergent Manufacturers

Cleaning Products Companies

Cosmetics Manufacturers

Agriculture Companies

Bakery Producers

Suppliers to Enzyme Manufacturers

Food Regulatory Authorities

Government Ministries of Food

Government Ministries of Health

Food Research Institutes

Specialty Chemicals Manufacturers

Period Captured in the Report:-

Historical Period: 2017-2021

Forecast Period: 2022-2028F

For more insights on the market intelligence, refer to below link:-

Global Enzymes Market

Monday, January 30, 2023

Global Enzymes Market is expected to record a positive CAGR of over 6% during the forecast period (2022-2028): Ken Research

 Buy Now

What Is the Size of Global Enzymes Industry?

Global Enzymes market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F. The Enzymes Market is largely driven by increase in technological advancements for the manufacturing of enzymes along with the growing demand for enzymes in various industries including food and beverages, bioenergy, animal feed, pharmaceuticals, and others.

The growing demand for enzymes for the treatment of various diseases including cardiovascular diseases, cancer, and others along with the increasing prevalence of cardiovascular diseases and increase in the geriatric population is expected to augment the growth of the market.

The lack of standard regulatory policies on enzymes is the most significant barrier to the growth of the enzymes industry globally. In March 2021, according to The European Parliament, there are over 250 technical enzymes which are produced from genetically-modified organisms and most of them are permitted in Europe. However, no relevant, independent, or well-founded studies have been done on their effects on health, which led to a lack of mandatory labeling of technical enzymes in the food processing industry.

During the initial period of COVID-19 pandemic, the disrupted supply chains have affected the production capacity, demand, and supply of the enzymes but post 2021 the demand for enzymes increased owing to rising health awareness among consumers which has boosted the demand for immunity-enhancing products.

Global Enzymes Market By Glass Product Type

The Global Enzymes market is segmented by Product Type into Industrial enzymes and Specialty enzymes. Industrial enzymes segment held the largest share of the global enzymes market in 2022, owing to the growing demand for enzymes for the manufacturing of various products including detergents, food and beverages, textile, biofuels, paper & pulp, and others. Moreover, the increase in the use of detergents in household and industrial applications has enabled manufacturers to launch new products in the market.

In September 2021, Novozymes A/S launched a phosphodiesterase enzyme named Pristine, a biodegradable and natural ingredient for detergent. This enzyme helps tackle the problem of malodor and discoloration. It breaks down the layer of body grime and releases odor and dirt. The launch aims to expand the company’s product portfolio.

Global Enzymes Market By Source

The Global Enzymes Market is segmented by Source into Microorganism, Plant and Animal. The microorganism segment accounts for the majority share of the global enzymes market in 2022, due to its low production cost as well as easy availability of the source. In addition, the microorganism-based enzymes can be cultivated in large quantities in a short period which gives an added advantage in the enzyme production process. The increase in research and development on the production of enzymes from microorganisms is expected to fuel the growth of the market.

global-enzymes-industry

According to the National Center for Biotechnology Information, the demand for enzymes is increasing rapidly in various industries including agriculture, food, chemicals, pharmaceuticals, and others, and microbial enzymes have gained interest due to their catalytic activity, stability, and ease of production and optimization in comparison to other plant and animal enzymes.

Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTkyNDk1

Global Enzymes Market By Type

The Global Enzymes market is segmented by type into    Carbohydrase, Proteases, Lipases, Polymerases & Nucleases and Other Enzymes. The carbohydrase segment accounts for the majority share of the global enzymes market owing to the surge in the demand for carbohydrase such as cellulose and amylases in various industrial applications including textile, pulp & paper, food and beverages industry, and others. In addition, carbohydrase has great potential in improving feed energy which has increased its demand in the feed industry. The aforementioned factors are expected to propel the growth of the market.

A research study published in June 2021 shared that according to Elsevier B.V., supplementation of multi-carbohydrase in poultry diet can help improve nutrient digestibility, energy and protein utilization, and growth rates.

Key Topics Covered in the Report:-

Snapshot of Global Enzymes Market

Industry Value Chain and Ecosystem Analysis of Enzymes Market

Market size and Segmentation of Global Enzymes Market

Historic Growth of Overall Global Enzymes Market and Segments

Competition Scenario of the Enzymes Market and Key Developments of Competitors

Porter’s 5 Forces Analysis of Global Enzymes Industry

Overview, Product Offerings, and Strategic Developments of Key Competitors

COVID-19 Impact on the Overall Global Enzymes Market

Future Market Forecast and Growth Rates of the Global Enzymes Market and by Segments

Market Size of Application/End-Users Segments with Historical CAGR and Future Forecasts

Analysis of Enzymes Market in Major Regions

Major Production / Consumption Hubs in the Major Regions

Major Production/Supply and Consumption/Demand Hubs in Each Region

Major Country-wise Historic and Future Market Growth Rates of the Total Enzymes Market and Segments

Overview of Notable Emerging Competitor Companies within Each Major Country

Request For Customization @ https://www.kenresearch.com/ask-customization.php?Frmdetails=NTkyNDk1

Major Companies Profiled in the Report

BASF SE

Novozymes A/S

IFF

DSM

Codexis, Inc.

Merck KGaA

Chr. Hansen Holding A/S

Advanced Enzyme Technologies

AB Enzymes

F. Hoffmann-La Roche Ltd

Thermo Fisher Scientific

Creative Enzymes

Notable Emerging Companies Mentioned in the Report

Associated British Foods Plc

BBI Enzymes Ltd.

Dyadic International

CapriEnzymes

Aumgene Biosciences

Amano Enzymes

Enzyme Solutions

Biocatalysts Ltd

Enzymatic Deinking Technologies

Novus International

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

Enzymes Manufacturers

Food and Beverages Manufacturers

Pharmaceutical Companies

Biotechnology Association

Biotechnology Companies

Diagnostic Companies

Biofuel Producers

Animal Feed Manufacturers

Detergent Manufacturers

Cleaning Products Companies

Cosmetics Manufacturers

Agriculture Companies

Bakery Producers

Suppliers to Enzyme Manufacturers

Food Regulatory Authorities

Government Ministries of Food

Government Ministries of Health

Food Research Institutes

Specialty Chemicals Manufacturers

Period Captured in the Report:-

Historical Period: 2017-2021

Forecast Period: 2022-2028F

For more insights on the market intelligence, refer to below link:-

Global Enzymes Market

Sunday, December 11, 2022

Global Enzymes Market is expected to reach approximately US$ 16 billion by 2028: Ken Research

 Buy Now

Global Enzymes Market is expected to record a positive CAGR of over 6% during the forecast period (2022-2028) and is expected to reach approximately US$ 16 billion by 2028, due to an increase in technological advancements for the manufacturing of enzymes along with the growing demand for enzymes in various industries including food and beverages, bioenergy, animal feed, pharmaceuticals, and others. The ongoing Covid-19 pandemic has benefited the enzymes industry due to a surge in nutritional and immunity-boosting products which has directly increased the demand for enzymes.

global-enzymes-industry

For more information, request a free sample

  • The growing demand for enzymes for the treatment of various diseases including cardiovascular diseases, cancer, and others along with the increasing prevalence of cardiovascular diseases and increase in the geriatric population is expected to augment the growth of the market. In 2022, according to the Centers for Disease Control and Prevention (CDC), one person dies every 34 seconds from cardiovascular diseases in the U.S. It was reported that 697,000 people died from heart disease in the year 2020.
  • The rising research and development of enzymes for the production of biofuel are likely to create immense opportunities for the growth of the enzymes market in the forthcoming years. In August 2020, according to Technology Networks, researchers at the Brazilian Center for Research in Energy and Materials (CNPEM) genetically engineered low-cost enzyme cocktails from a fungus that helped break down the carbohydrates in biomass, like sugarcane (tops and leaves) and bagasse into fermentable sugar. The low-cost enzyme cocktails can be used efficiently to produce biofuels from sugarcane residues.
  • The lack of standard regulatory policies on enzymes is the most significant barrier to the growth of the enzymes industry globally. In March 2021, according to The European Parliament, there are over 250 technical enzymes which are produced from genetically-modified organisms and most of them are permitted in Europe. However, no relevant, independent, or well-founded studies have been done on their effects on health, which led to a lack of mandatory labeling of technical enzymes in the food processing industry.
  • During the initial period of COVID-19 pandemic, the disrupted supply chains have affected the production capacity, demand, and supply of the enzymes but post 2021 the demand for enzymes increased owing to rising health awareness among consumers which has boosted the demand for immunity-enhancing products. In August 2021, Advanced Enzymes Technologies entered the e-commerce space in India with its immune-supporting brands- ImmunoSEB and Biome Ultra, which comprised systematic enzymes and probiotics. These products help enhance immunity and are effective in reducing ‘long Covid afflictions.

Key Trends by Market Segment:

By Product Type:  Industrial enzymes segment held the largest share of the global enzymes market in 2021, owing to the growing demand for enzymes for the manufacturing of various products including detergents, food and beverages, textile, biofuels, paper & pulp, and others. Moreover, the increase in the use of detergents in household and industrial applications has enabled manufacturers to launch new products in the market.

global-enzymes-market-revenue-share

For more information, request a free sample

  • In September 2021, Novozymes A/S launched a phosphodiesterase enzyme named Pristine, a biodegradable and natural ingredient for detergent. This enzyme helps tackle the problem of malodor and discoloration. It breaks down the layer of body grime and releases odor and dirt. The launch aims to expand the company’s product portfolio.

By Source: The microorganism segment accounts for the majority share of the global enzymes market in 2021, due to its low production cost as well as easy availability of the source. In addition, the microorganism-based enzymes can be cultivated in large quantities in a short period which gives an added advantage in the enzyme production process. The increase in research and development on the production of enzymes from microorganisms is expected to fuel the growth of the market.

  • According to the National Center for Biotechnology Information, the demand for enzymes is increasing rapidly in various industries including agriculture, food, chemicals, pharmaceuticals, and others, and microbial enzymes have gained interest due to their catalytic activity, stability, and ease of production and optimization in comparison to other plant and animal enzymes.

By Type: The carbohydrase segment accounts for the majority share of the global enzymes market owing to the surge in the demand for carbohydrases such as cellulose and amylases in various industrial applications including textile, pulp & paper, food and beverages industry, and others. In addition, carbohydrase has great potential in improving feed energy which has increased its demand in the feed industry. The aforementioned factors are expected to propel the growth of the market.

  • A research study published in June 2021 shared that according to Elsevier B.V., supplementation of multi-carbohydrase in poultry diet can help improve nutrient digestibility, energy and protein utilization, and growth rates.

By Applications: Food and Beverages segment accounts for the largest share in 2021 of the global enzymes market owing to the growing demand for enzymes to modify the properties of food and beverage products including bread, juices, wine, beer, dairy products, and others. Enzymes are widely used in the formulation of fruit juices as it helps improve the quality by clarifying fruit juices and in the dairy industry to improve the taste, texture, and quality of dairy products.

The increasing demand for enzymes in the food and beverages industry has enabled manufacturers to cater to the rising demand by launching new and better products in the market.

  • In June 2021, IFF launched an all-in-one enzyme solution called Nurica, which helps dairy manufacturers to produce high-fiber, low sugar, and lactose-free dairy products. It harnesses the lactose to generate a high yield of prebiotic galactooligosaccharides (GOS) fibers naturally. The company aimed to offer an enzyme for the dairy industry which helps maintain the quality of the products while fulfilling the demand for lactose-free products of consumers.

global-enzymes-market-revenue-by-application

By Geography: The North America region accounted for the largest share in 2021 of the global enzymes market owing to the presence of a large number of end-use industries including personal care & cosmetics, food and beverages, pharmaceutical, laundry detergent, and other industries. In addition, an increase in strategic initiatives such as partnerships by enzyme manufacturers to grow the enzyme business is expected to fuel the growth of the market.

  • In June 2022, Enzyme Innovation partnered with Sumitomo Chemical America to sell their line of animal feed enzymes and probiotics in the U.S. The partnership aimed to offer its product line to livestock and poultry producers in the U.S.

global-enzymes-market-major-regions

For more information, request a free sample

Competitive Landscape

  • The enzymes market is highly competitive with ~150 players that include globally diversified players, regional players as well as a large number of country-niche players having their niche in enzymes.
  • Large global players control over 40% of the market, while regional players hold the second largest share. Some of the major players in the market include BASF SE, Novozymes A/S, IFF, DSM,  Codexis, Inc.,  Merck KGaA, Chr. Hansen Holding A/S, Advanced Enzyme Technologies, AB Enzymes, F. Hoffmann-La Roche Ltd, Thermo Fisher Scientific, Creative Enzymes, and among others.
  • The leading global enzymes companies such as Novozymes A/S, IFF, and F. Hoffmann-La Roche Ltd, are highly focused on providing a broad category of enzymes suitable for various end-use industries.

global-enzymes-market-competitive-landscape

Recent Developments Related to Major Players

  • In July 2022, Codexis, Inc., an enzyme engineering company, announced an agreement with Pfizer for the supply of an enzyme called PAXLOVID, an active pharmaceutical ingredient, authorized for emergency use by the U.S. Food and Drug Administration (FDA). It is used for the treatment of mild-to-moderate COVID-19 in patients who are at high risk of developing severe illness.
  • In January 2022, BASF SE expanded the production capacity for its feed enzyme plant in Germany. The larger production capacity enabled the company to increase the annual number of feasible fermentation runs and fulfill the growing demand for high-quality enzymes.
  • In July 2021, Unilever partnered with Arzeda, a protein design company to harness its digital biology technique to design and discover new enzymes for the cleaning and laundry industry. The partnership aimed to enhance the company’s product portfolio.

Conclusion

The Global enzymes market is forecasted to continue a significant growth that is witnessed since 2020, during the forecast period also, primarily driven by rising demand for the growing use of enzymes in various industries including food and beverages, animal feed, pharmaceuticals, diagnostics, and others. Moreover, technological advancement in the production process and increased awareness regarding environmental issues are expected to escalate the growth of the market. Though the market is highly competitive with about 150 participants, few global players control the dominant share and regional players also hold a significant share.

Note: This is an upcoming/planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients and the report delivered within a maximum of 2 working weeks.

Market Taxonomy

Ken Research has recently published report title Global Enzymes Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 is segmented by product type, source, type, and applications. In addition, the report also covers market size and forecasts for the four region's enzymes market. The revenue used to size and forecast the market for each segment is US$ billion.

By Product Type

  • Industrial enzymes
  • Specialty enzymes

By Source

  • Microorganism
  • Plant
  • Animal

By Type

  • Carbohydrase
  • Proteases
  • Lipases
  • Polymerases & Nucleases
  • Other Enzymes

By Applications

  • Food & Beverages
  • Animal Feed
  • Cleaning Products
  • Biofuel
  • Research & Biotechnology
  • Diagnostic
  • Pharmaceuticals
  • Others

By Geography

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • The U.K.
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • South Korea
    • India
    • Indonesia
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • The Middle East
    • Africa