Industrial Enzymes Market – Predicted Analysis and Forecast 2017 – 2024
Industrial
Enzymes Industry Background
Industrial
enzymes are enzymes that are commercially used in a variety of industries such
as pharmaceuticals, chemical production, biofuels, food & beverage, and
consumer products. Due to advancements in recent years, biocatalysis through
isolated enzymes is considered more economical than use of whole cells.
Industrial
Enzymes Industry Overview
Industrial
Enzymes Market share is likely to get a hike in its CAGR in the forecast
period. Industrial enzymes are vastly used across various end-user industries
including food processing, biofuels and pharmaceuticals. Industrial enzymes
play a significant role in accelerating production processes across various
end-user industries including food processing, cosmetics, personal care etc.in
an environment friendly manner. Additionally, it makes the process efficient
and improves the overall quality which is likely to make substantial
contribution to industrial enzymes market size over the projected timespan.
Furthermore, these enzymes break down various components like proteins, starch,
cellulose etc. to quicken the food and paper processing processes.
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Due to stringent environmental regulations the
use various toxic chemicals are not permitted to use, however these chemicals
improve the overall production processes. Yet as for customer acceptance,
regulatory concerns in different industries, doubts regarding quality and
safety of the industrial enzymes, volatility in production etc. are likely to
obstruct the overall industrial enzymes market size over the projected
timeframe. Rapid industrialization in the region primarily due to growing
population coupled with rising need for methods which can influence the
production in the manufacturing unit is likely to grow as a future opportunity
for industrial enzymes market size by 2024.
Industrial
Enzymes Industry By Applications
In terms of
application, the market is segmented into pharmaceuticals, detergents &
cleaners, cosmetics, food processing and others such as animal feed, textile
and pulp & paper. Usage of these enzymes in food processing helps breaking
down substances such as starch, pectin, cellulose and proteins from food items
as it slowdowns the food processing process. It also helps to improve the
physical properties of the food item too. Major product use in pharmaceuticals
include prompting wound healing, killing disease-causing micro-organisms and
diagnosing certain disease.
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Enzymes Market- Global Industry Analysis, Trends, and Forecast 2017 - 2024 report
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Industrial
Enzymes Industry By Type
In terms of
type, market is again segmented into proteases, carbohydrase, lipases, and
others (cellulases, amylases etc.). Proteases are types of enzymes that helps
to digest protein element in the body and industrially it breaks the protein
components in smaller chains called peptides or even smaller units called amino
acids to make the food processing process quicker. Additionally, carbohydrase
too has food as well as industrial uses as well. It helps in breaking down carbohydrates
and simple sugars inside human body as well as in processed food items.
Carbohydrase decreases the unhealthy components in the packaged food items.
Industrial
Enzymes Industry By Region
Based on the
regions, Asia-Pacific accounted for a major chunk of the overall industrial
enzyme market size in 2016. It is expected to rise at a healthy CAGR primarily
due to significant rise in healthcare, food & beverage, chemical, etc.
industry which is attributed to rapid population pace along with rising consumer
spending power/socio-economic factors in the region which will help attain
substantial business size over the forecast timeframe.
Competitive
Industrial Enzymes Industry Share
Some major
industrial enzymes players in the market are DSM, DuPont, Novozymes, Associated
British Foods, Dyadic International Inc., Amano Enzyme Inc., Codexis Inc. and
BASF SE. Some other players in the industrial enzyme market are Advanced
Enzymes, Cargill Inc., Maps Enzymes Ltd. Organizations such as DSM is going
ahead with strategic acquisitions to become the market leaders in the
industrial enzyme market, DSM acquired the food enzymes and its technologies
from Verenium at USD 15 million in March 2012.
Report Content
1. Methodology and Scope
2. Executive Summary
3. Industrial Enzymes Industry Insights
5. Industrial Enzymes Market, By Application
6. Industrial Enzymes Market, By Region
7. Company Profiles
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