According to a new report published by Allied Market Research, titled, โEnzymes Market by Type, Source, Reaction Type, and Application: Opportunity Analysis and Industry Forecast, 2020โ2027,” the global enzymes market was valued at $8.63 billion in 2019, and is projected to reach $14.5 billion by 2027, registering a CAGR of 6.5% from 2020 to 2027.
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The key players of this market include Novozymes A/S, Koninklijke DSM N.V., DuPont de Nemours, Inc., BASF SE, Advanced Enzyme Technologies Ltd., AB Enzymes GmbH, Codexis, Inc., Amano Enzyme, Inc., F. Hoffmann-La Roche Ltd., and Thermo Fisher Scientific Inc. Other players in the value chain include BBI Enzymes Ltd., Procter & Gamble Co., Puratos Group, Novus International, Inc., and Chr. Hansen A/S.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ https://www.alliedmarketresearch.com/request-sample/708
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- The protease segment accounted for 26.8% share of the global enzymes market in 2019.
- The lyases segment is expected to grow at highest CAGR of 8.6% from 2020 to 2027.
- The animal source segment accounted for around one-fifth share of the global market in 2019.
- Europe accounted for around 29.22% share of the global market in 2019.
- LAMEA is expected to provide lucrative market growth opportunities at a CAGR of 7.6% from 2020 to 2027.
๐ ๐จ๐ซ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ https://www.alliedmarketresearch.com/purchase-enquiry/708
The factors that drive the growth of the global enzymes market include upsurge in demand for cellulosic- & amylase-based biofuels, rise in need for effective pharmaceuticals & cosmetics, upsurge in usage of functional food & beverages (that contain enzymes), and increase in usage of enzyme-based techniques for detection & treatment of various chronic diseases. However, restrictions related to chemical properties of enzymes and safety issues arising due to the contamination of enzymes impede the market growth. On the contrary, surge in adoption of enzyme-based technology such as protein engineering and high untapped potential in the emerging economies are expected to provide lucrative growth opportunities for the global enzymes market expansion.
๐๐ฒ๐ ๐๐ฒ๐๐ฎ๐ถ๐น๐ฒ๐ฑ ๐๐๐ฉ๐จ๐ซ๐ญ https://www.alliedmarketresearch.com/enzymes-market
Enzymes are obtained from three different sources, namely, plant source, animal source, and microorganisms. Microorganisms are the major source of enzymes, owing to the easy availability and low production cost. Microorganisms, as a source of enzymes, held a dominant share in the global enzymes market, accounting for about $4,807.52 million in 2019. This is attributed to their large-scale production, emergence of genetically engineered microorganisms, and vast applications. Enzymes derived from microorganism are more expensive than enzymes derived from plant sources, owing to the use of highly advanced techniques for the purification of enzymes form microorganism. This results in increased production cost. In addition, enzymes derived from plant sources possess one of the highest growth potentials, owing to the emergence of advance purification technologies that require less investments. Furthermore, the purification of microorganism-derived enzymes is cumbersome as compared to the plant enzymes. This would lead to rapid growth of the plant-derived enzymes segment. Hence, enzymes derived from plant resources are expected grow at a CAGR of 7.5% during the forecast period.
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Enteral Collagen Peptide Protein Market
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