Enzymes Market Overview:
Global Enzymes Market is expected to garner $5.4 billion by 2020, to register a CAGR of 7.8% during the forecast period 2015-2020. Enzymes have gathered a special attention in the recent years due to its potential application in the market such as food & animal feed, textiles and Surfactants, pharmaceuticals & biotechnology R&D and manufacturing and others (paper and pulp processing, leather processing and agriculture).
They are the proteins that act as biocatalysts to accelerate the reaction and produce the desired results in reactions. Their application in the manufacturing process, results in significant cost reductions due to limited energy (temperature) consumption, and better substrate activity has contributed to the increasing size of the enzymes industry, particularly non-starch polysaccharides globally.
These proteins are widely used in detergents industry, to facilitate the removal of stains from clothes. They are also used in food and beverages industry in wide range of preparations such as baking. In pharmaceutical industry, they are used for the drug formulation. Such enzyme based pharmaceutical drugs are used for the treatment of conditions such as cancer and AIDS. These proteins are also being widely used in the biotechnology industry for the research, particularly in the molecular biology. They are used in genetic engineering techniques in order to cut, replicate and attach DNA as per the requirement. These proteins play major role in the diagnosis of diseases such as cancer, cardiovascular diseases and lysosomal disorder. In addition, application in tannase, biofuel and textile, leather are seen contributing to the increasing demand for enzymes. Furthermore, types including catalase, lipases and phytase would keep the future of the enzymes industry robust.
The increasing use of functional food and beverages (which contain these proteins), increasing demand for cellulosic and amylase biofuels along with effective pharmaceuticals & cosmetics, are some of the key factors that drive the growth of the global enzymes market during the analysis period. Furthermore, the new trends and increasing adoption of technology such as protein engineering is significantly fueling the demand for the enzyme market. Factors restraining the industrial growth are high sensitivity to temperature and pH and risk of contamination.
The global enzymes industry is segmented based on the application, source, type, reaction type and geography. Based on the applications, the segments covered are food and beverages, household care, bioenergy, pharmaceutical and biotechnology, feed and others. Based on the source, the sector is segmented into three types namely microorganisms, animals and plants. Microorganism segment holds the dominant share in the sector due to its easy availability, feasibility for large scale production and cost-effectiveness. Based on the product type, the industry is segmented into proteases, carbohydrases, lipases, polymerases & nucleases and others. Based on the reaction type, the is segmented into hydrolases, oxidoreductases, transferases, lyases and others.
Regions covered in the report include North America, Europe, Asia-Pacific and LAMEA. North American occupies a major share due to the availability of large manufacturing base and favorable government policies. However, the manufacturing base of almost all sectors such as pharmaceutical and biotechnology sector (diagnostics, drug development, clinical research and as bio-catalysts), food & animal feed, textiles, detergents, agriculture, pulp/paper processing, and leather processing is gradually shifting to the Asia-Pacific region making it more lucrative. The key companies profiled in this enzymes market report includes Novozymes, DSM, Danisco, DuPont, Roche Holdings AG, BASF, Life technologies, Advance enzyme Technologies Ltd, Affymetrix Inc, and Codexis Inc.
ENZYMES MARKET KEY BENEFITS:
- The report provides a quantitative analysis of the current size and share through 2014-2020, which would enable the stakeholders to capitalize on prevailing opportunities
- Extensive evaluation by type helps in understanding the key trends during the forecast period. Types of enzymes that are currently used along with the variants that would gain prominence in future are also studied.
- Competitive intelligence highlights the business practices that would be followed by leading players across various geographies during the forecast period.
- Comprehensive assessment of factors such as drivers, restraints and opportunities are also evaluated during the study.
- SWOT analysis highlights the internal environment of leading companies for effective strategy formulation
- The global market scenario is comprehensively analyzed in accordance to the key regions
ENZYMES MARKET KEY SEGMENTS:
The Global Enzymes Market is segmented as below:
- By Application
- Food and Beverages
- Household Care
- Pharmaceutical and Biotechnology
- By Source
- By Type
- Polymerases & nucleases
- By Reaction Type
- By Geography
- North America
- Asia Pacific