0
2020
Alcohol Enzymes Market

Alcohol Enzymes Market

by Type (Carbohydrase, Proteases, Lipases, and Others) and End-User (Food & Beverage, Pharmaceutical, Chemical, Cosmetics, Biofuel, and Others): Opportunity Analysis and Industry Forecast, 2020-2027
Update Available On-Demand

Report Code: A07963
Pages: 270
Nov 2020 | 3512 Views
Author(s) : Ayushi C, Ashwin P , Eswara P
Tables: 106
Charts: 73
  • Formats*:

  • Single User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • It comes with the additional cost
    of $2500.00 contact sales.

 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Alcohol Enzymes Market

Request Now !

Alcohol Enzymes Market Outlook -2027

The global alcohol enzyme market was valued at $553.1 million in 2019, and is projected to reach $804.6 million by 2027, registering a CAGR of 4.9% from 2020 to 2027.

The COVID-19 pandemic has negatively affected the supply chain of both the enzyme production as well as alcohol production, which led to a huge supply-demand gap.

Alcohol enzymes comprise products that are used in various stages of alcohol production. They are proteins that have been obtained from plants, animal tissues, or microorganisms. However, those obtained from microorganisms are preferred compared to plants and animals due to their easy availability and purification. They are added into the process to enhance, improve or catalyze process to obtain high product yield and low production costs. Alcohol enzymes are used in the production of alcoholic beverages, brewing, as well as in the production of biofuels such as bioethanol and biodiesel. Traditionally, enzymes have been supplied by the addition of malt in alcohol production. Adding enzymes instead of malt replaces large quantities of malt that results in easy handling and reduced storage needs. Hence, many distilleries have replaced malt by commercial brewing enzymes. Use of industrial alcohol enzymes allows the brewer to use cheaper raw materials that are locally available. In case of brewing, addition of suitable enzymes at each step of brewing shortens beer maturation times. Enzymes also allows breweries to innovate their product offerings. The use of enzymes in the bioethanol industry has led to lower total energy costs and increased throughput as well as yield. Similarly, enzymes have been developed for the faster production of cellulosic ethanol.

Infographics_Global Alcohol Enzymes Market,2020-2027

The global alcohol enzymes market is majorly driven by the food & beverage market as well as the bioethanol industry. Increase in younger population, surge in disposable income as well as rise in preference for premium alcoholic beverages products are expected to increase the demand for alcohol enzymes. Increasing tourism tends to increase alcohol consumption. Biofuels such as bioethanol and cellulosic ethanol are important fuels for countries that focus on sustainable energy development. Blending mandates by regulatory bodies such as EPA (Environmental Protection Agency), abundant raw material availability, as well as environmental advantages of bioethanol-based fuel is driving the bioethanol industry. However, the use of enzymes in food & beverages are subjected to stringent regulations. Enzymes meant for food & beverage applications must comply with Food Improvement Agents Package (FIAP) as well as Registration, Evaluation, Authorization and Restriction of Chemicals (REACH).  In addition, enzyme development is capital intensive and requires a long time from trials to commercial release. These factors are expected to act as a restraint to the global alcohol enzymes market growth during the forecast period. The future development and optimization of catalytic proteins is essential for the growth of the industrial enzymes market, including alcohol enzymes. Enzymatic productivity can be improved using genetic modification techniques. New product launches will help the market players to gain competitive edge over others. For instance, in June 2020, DuPont announced the launch of Spezyme HN Alpha-Amylase Blend, for ethanol liquefaction and viscosity reduction across a variety of temperatures and pH levels. A range of specific properties can be enhanced in enzymes, including the catalytic activity, thermostability, and specificity, under industrial conditions. Archer Daniels Midland Company and DuPont Industrial Biosciences announced a collaboration to develop, produce and market cellulase enzymes for operators of grain-based ethanol plants.

The global alcohol enzymes market is segmented based on type, end-user and region. Based on the type, the global alcohol enzymes market is studied into carbohydrase, proteases, lipases, and others. The end-users of alcohol enzymes are food & beverage, pharmaceutical, chemical, cosmetics, biofuel, and others. On the basis of region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, North America accounts for the largest share of the market, followed by Europe and Asia-Pacific. The major companies profiled in this report include Advanced Enzyme Technologies, Associated British Foods Plc, BASF SE, Biotechnology Research and Information Network AG, Creative Enzymes, DSM Royal,  DuPont, Kerry Group Plc, Laffort, and Novozymes. 

Alcohol Enzymes Market
By Region

2027
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific would exhibit a CAGR of 5.9% during 2019-2027.

Get more information on this report : Request Sample Pages

Alcohol enzymes market, by region 

Asia-Pacific alcohol enzymes market size is projected to grow at the highest CAGR of nearly 5.9% during the forecast period, owing to the rapidly growing alcohol beverage market and biofuel industry in countries such as China, Japan, and India.

Alcohol Enzymes Market
By Type

Your browser does not support the canvas element.

Lipases segment is projected as the most lucrative segment.

Get more information on this report : Request Sample Pages

Alcohol enzymes market, by type

In 2019, the carbohydrase segment was the largest revenue-generating segment, accounting for a alcohol enzymes market share of 41.3% in the overall market. 

Alcohol Enzymes Market
By End-user

Your browser does not support the canvas element.

Pharmaceutical is projected as the most lucrative segment.

Get more information on this report : Request Sample Pages

Alcohol enzymes market, by end-user

In 2019, the food & beverage segment was the largest revenue-generating segment, accounting for a market share of 36.8% in the overall market.

Key benefits for stakeholders

  • Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
  • It outlines the current alcohol enzymes market trends and future estimations from 2019 to 2027 to understand the prevailing opportunities and potential investment pockets.
  • The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
  • The key drivers, restraints, and opportunities and their detailed impact analysis are explained in the study.
  • The profiles of key players and their key strategic developments are enlisted in the report.

Impact Of Covid-19 On The Global Alcohol Enzymes Market

  • The COVID-19 pandemic has negatively affected the global economy and subsequent shrinking of the GDP in global economies, thereby changing consumer spending patterns globally.
  • Decline in tourism activities globally impacted alcohol beverage sales. Further, there was a general decline in beverage sales as restaurants and bars were closed temporarily as part of lockdown procedures.
  • The biofuels industry has been hit hard by the sharp decline in fuel demand due to the coronavirus outbreak
  • Financial turbulence in leading economies may delay commissioning of biofuel facilities
  • Development of enzymes is a continuous process and takes long time. The pandemic halted the development phase of new enzymes, which may delay its commercial release. 
  • On the positive side, there was a demand for medicinal drugs, which led to increased demand for enzyme formulated for the healthcare system
  • The above factors are expected to impact the global alcohol enzymes market growth during the forecast period.

Alcohol Enzymes Market Report Highlights

Aspects Details
By Type
  • Carbohydrase
  • Proteases
  • Lipases
  • Others
By End User
  • Food & Beverage
  • Pharmaceutical
  • Chemical
  • Cosmetics
  • Biofuel
  • Others
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, UK, Spain, Italy, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Key Market Players Advanced Enzyme Technologies Ltd., Associated British Foods Plc, BASF SE, Biotechnology Research and Information Network AG, Creative Enzymes, DuPont de Nemours Inc., Kerry Group Plc, Royal DSM, Novozymes A/S, Laffort
 

Loading Table Of Content...


 
 

Presently, the food & beverage and the biofuel industries are the major consumers of alcohol enzymes. The global demand for alcoholic beverages is expected not to decrease during the forecast period. Similarly, the production of bioethanol via fermentation is expected to increase as we focus on an eco-friendlier fuel alternative. Alcohol enzymes help in breaking complex sugars into simpler sugars during brewing process in shorter periods, thus saving time. The use of enzymes is expected to increase during the forecast period, as alcohol producers look to increase production rate as well as optimize the use of raw materials. Protein engineering for the development of new enzymes with improved catalytic activity and operational flexibility will offer fresh opportunities for the market penetration. Therefore, producers of enzymes must focus on launching new products to increase their market share. 

The global alcohol enzymes market is segmented on the basis of type and end-users. Presently, the food & beverage segment holds the largest market share in the global alcohol enzymes market. 


 

PURCHASE OPTIONS

Call or Email us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email : help@alliedmarketresearch.com
 
FREQUENTLY ASKED QUESTIONS?

A. The need for producing alcohol or beer at a faster rate and using cheaper raw materials are some of the main reasons for the use of alcohol enzymes

A. The global alcohol enzyme market was valued at $553.1 million in 2019, and is projected to reach $804.6 million by 2027

A. Advanced Enzyme Technologies, Associated British Foods Plc, BASF SE, Biotechnology Research and Information Network AG, Creative Enzymes, DSM Royal, DuPont, Kerry Group Plc, Laffort, and Novozymes are some of the top companies operating in the alcohol enzymes industry

A. Asia-Pacific dominated the global alcohol enzymes market in 2019

A. By type, the carbohydrase alcohol enzyme holds the largest market share

A. Increasing demand for alcohol enzymes from the food & beverage as well as the biofuel industry are currently driving the global alcohol enzymes market

A. The application of enzymes in the pharmaceutical industry is expected to drive the adoption of alcohol enzymes

A. The COVID-19 pandemic led to a sudden decline in alcoholic beverage demand as well as a decline in the demand for biofuels

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
RELATED TAGS

Purchase Full Report of
Alcohol Enzymes Market

Start reading instantly.
This Report and over 19,300+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,456
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
    (Nov 2021 - Nov 2022)
  • Data Pack
  • $3,840
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Nov 2021 - Nov 2022)
  • Single User
  • $5,769
  • Restricted to one authorized user
  • One print only
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Nov 2021 - Nov 2022)
  • Five Users
  • $6,450
  • Limited to five authorized users
  • Print upto five copies
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Nov 2021 - Nov 2022)
  • Enterprise
    License/PDF

  • $10,995
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Nov 2021 - Nov 2022)
  • Library
    Membership

  • $ 999
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

RELATED REPORTS
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers