A research study titled, “Enzymes Market” by Product Type, Application and Reaction Type – Global Industry Analysis and Forecast to 2025” published by Crystal Market Research, states that the Enzymes Market is projected to be around $7.65 billion by 2025.
Enzymes Market: Report Overview:
The global enzymes market was worth USD 4.56 billion in the year of 2016 and is foreseen to garner roughly USD 7.65 billion by 2025, while registering itself at a compound annual growth rate (CAGR) of 5.92% during the forecast period.This significant growth in the upcoming years is owing to growing utilization in food and beverages, detergents and pharmaceuticals. The enzymes market is anticipated to reflect substantial growth due to increasing utilization in converting starch into glucose, germination in breweries, processing of food, clarification of fruit juice, manufacturing of cheese, pre-digestion of baby food and tenderizing of meat.
Additionally, the supportive policies initiated by the government of Sweden, Austria, Germany, United States and France with the aim of encouraging the production of biodiesel will spur the demand in the upcoming years. Increasing requirement of the product for applications such as cleaners of contact lenses, rubber, molecular biology, photography, biofuels and biological detergents is anticipated to expand the industry in the following years.
Check sample pages of this report:
Enzymes Market: Top Major Market Players:
Some of the major players in this market are Ab Enzymes GmbH, DSM, Roche Holding AG, DuPont Genencor, Advanced Enzymes, Lonza Group, Novozymes, BASF and Danisco. These companies provide numerous products that are useful for various applications like household, agricultural & feed, bioenergy, pharmaceuticals and technical and food & beverages.
Enzymes Market: Regional Outlook:
Asia Pacific is anticipated to encounter substantial profit owing to the growth of the Food and Beverages and pharmaceutical sectors coupled with the accessibility to raw materials for the manufacturing of biofuels. Factors such as urbanization and rising sensitivity towards safety of food, increasing requirement of effective health solutions and escalating food consumption are anticipated to have a significant impact on the growth of this market.
The second largest market was Europe which was worth USD 2.16 billion in the year 2015 and is will reflect advantageous growth due to increased manufacturing of biodiesel in the region. Additionally, rising demand for cattle feed is anticipated to contribute to the growth of this market.
Key Findings of the Research Study:
What was the Enzymes Market size in 2016 and forecast from 2017 to 2025?
What will be the industry Enzymes Market growth from 2017 to 2025?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the Enzymes Market forecast?
What are the major segments leading the Enzymes Market growth and why?
Which are the leading players in the Enzymes Market and what are the major strategies adopted by them to sustain the Enzymes Market competition?
List of Tables:
Table 1.Enzymes Market, By Type ($Million), 2016-2025
Table 2.Cellulases Market, By Region ($Million), 2016-2025
Table 3.Carbohydrates Market, By Region ($Million), 2016-2025
Table 4.Polymerases and nucleases Market, By Region ($Million), 2016-2025
Table 5.Phytases Market, By Region ($Million), 2016-2025
Table 6.Amylases Market, By Region ($Million), 2016-2025
Table 7.Lipases Market, By Region ($Million), 2016-2025
Table 8.Proteases Market, By Region ($Million), 2016-2025
Table 9.Enzymes Market, By Application ($Million), 2016-2025
Table 10.Food & Beverages Market, By Region ($Million), 2016-2025
About Crystal Market Research:
Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.
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