Dublin, Nov. 10, 2020 (GLOBE NEWSWIRE) -- The "Industrial Enzymes Market - Global Outlook and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.
In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Global Industrial Enzymes Market Report
The global industrial enzymes market by revenue is expected to grow at a CAGR of over 5.5% during the period 2019-2025.
The global industrial enzyme market is expected to witness growth during the forecast period because of the increased capacity of enzymes to replace synthetic chemicals and act as a viable source for biocatalysts. The need for eliminating organic solvents and the demand for low side-effects substances are driving the market growth.
With the decline in 2020 owing to the COVID- pandemic, manufacturing, and distribution end-user industries have reduced the demand for enzymes. However, the market is expected to revive in early 2021, with the normalization of industrial activities. Changing dynamics and trends of food and beverage, detergents, and quality enhancements in the animal feed industry are further expected to drive the demand for new formulations during the forecast period.
The developments in protein engineering have led to the growing instability, specificity, economy, and overall application potential of enzymes across industries. With the rising beneficial activities of sustainable enzymes, the number of commercial applications is expected to further. Protease, carbohydrases such as amylase and cellulase are some of the widely utilized enzymes across industries.
Global Industrial Enzymes Market Segmentation
The global industrial enzymes market research report includes a detailed segmentation by type, source, end-users, geography. The carbohydrase segment is expected to reach close to USD 3 billion by 2025.
Over 80% of vendors offer a minimum one form of carbohydrase such as amylase, xylanase, cellulase, pectinase that are eventually supporting for the leadership position. Amylase is considered to be a universal enzyme finding applications in food and beverage, biofuel, cleaning agents sectors. While pectinases are more prevalent in poultry feed, xylanases are the preferred choice for pre-bleaching of Kraft pulp. North America was the largest market for carbohydrase in 2019, accounting for 28% of the total share. The protease was the largest segment of the industrial enzymes market in 2019, accounting for 32.22% of the total share. Brewing, meat tenderization, baking, and milk coagulation, where plant-based protease is gaining momentum, are some of the major applications.
The food and beverage industry was the largest industry with a wide range of applications. Pectinases, xylanases, cellulases, and other carbohydrase continue to find adoption in the ever-expanding food and beverage trends. With the advent of lactose-free dairy products and plant-based alternatives, growth opportunities have further widened. The segment is expected to reach USD 2.00 billion by 2025. North America and the European region are considered as forerunners in adopting the latest food trends that are expected to grow during the forecast period.
Based on the source, microorganisms were the major revenue contributor, generating USD 3.68 billion in 2019. Fungi tend to dominate the segment where species such as Aspergillus are utilized for extracting protease, which is the widely used industrial enzyme in 2019. Microbes are also the primary mode of choice for industries with respect to food preservation, stable composition requirements, affordability, and taste enhancements. The segment is expected to pose an absolute growth of 48% in APAC and 41% in Europe by 2025. The Middle East and Africa region are also likely to generate incremental revenue of USD 100 million during the forecast period.
Key Topics Covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope Of The Study
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7.2 COVID-19 IMPACT
8 Market Opportunities & Trends
8.1 Rise In Demand For Biofuels
8.2 Preference For Lactose-Free Dairy Products
8.3 Role Of Enzymes In Cosmetics
9 Market Growth Enablers
9.1 Developments In Enzyme Engineering
9.2 Increasing Applications In Food & Beverage Industry
9.3 Role As Biocatalysts And Need For Bioprotection
10 Market Restraints
10.1 Stringent Safety Norms And Regulations
10.2 Challenges In Extracting Industrial Enzymes
11 Market Landscape
11.1 Market Overview
11.2 Market Size & Forecast
11.3 Five Forces Analysis
12.1 Market Snapshot & Growth Engine
12.2 Market Overview
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
14.1 Market Overview
15.1 Market Overview
16.1 Market Overview
17.1 Market Overview
18.1 Market Snapshot & Growth Engine
18.2 Market Overview
19.1 Market Snapshot & Growth Engine
19.2 Market Overview
19.3 Food and Beverage
19.4 Cleaning Agents
19.5 Animal Feed
19.8 Pulp And Paper
19.10 Personal Care And Cosmetics
19.12 Wastewater And Others
20.1 Market Snapshot & Growth Engine
20.2 Geographic Overview
Associated British Foods PLC
Other Prominent Vendors
Thermostable Enzyme Laboratory Co. Ltd.
Chr. Hansen Holding A/S
Lumis Biotech Pvt. Ltd.
Hayashibara Co., Ltd.
Deerland Probiotics & Enzymes
For more information about this report visit https://www.researchandmarkets.com/r/epef9m
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