Market Size – USD 7.10 Billion in 2018, Market Growth – CAGR of 5.5%, Market Trends –
Rising demand for environment-friendly manufacturing processes.
The global Enzymes market is forecasted to reach USD 11.03 Billion by 2026, according to a new report by Reports and Data. Enzyme market has gathered special attention in the past few years owing to its vast applications. They are utilized in food and animal feed, detergents and textiles, manufacturing industries, pharmaceuticals and biotechnology R&D, leathers and others. Applications of enzymes in the manufacturing process result in cost reduction due to less energy consumption, and better substrate activity.
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Further key findings from the report suggest
- With processed food gaining popularity, demand for enzymes is increasing. It adds longevity to food’s shelf life.
- Food and Beverages hold a market share of 24% in the year 2018 and is forecasted to hold a market share of 25% in the year 2026 with an annual growth rate of 6.0%
- Enzymes find its application in consumer products such as detergents. Even a molecule of the enzyme in the detergent can boost its ability to act on substrate molecules such as soil.
- Key participants include AB Enzymes GmbH, Advanced Enzyme Technologies Ltd., Amano Enzyme Inc., BASF SE (BASF Corporation), Codexis, Inc., DowDuPont Inc., F. Hoffmann-La Roche Ltd., Koninklijke DSM N.V., Novozymes A/S, and Thermo Fisher Scientific Inc. (Affymetrix, Inc.) among others.
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For the purpose of this report, Reports and Data have segmented global Enzymes market on the basis of Type, Source, Reaction Type, Formulation, Application, and Region:
Type Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)
- Polymerases and Nucleases
- Other Types
Source Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)
Reaction Type Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)
- Other Enzymes
Formulation Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)
- Lyophilized powder
- Other (gel and granular forms)
Application Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)
- Food & Beverage
- Household Care
- Pharmaceuticals and biotechnology
Regional Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)
- North America
- Asia Pacific
- South-east Asia
- Latin America
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/enzymes-market