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Enzymes Market Competitive Landscape with Major Segmentation by 2024

Growing demand for enzymes in food & beverage products as they improve quality and eliminate deficiencies in the products is expected to propel industry growth in the near future. The Global Enzymes Market is expected to reach USD 17.50 billion by 2024, according to a new report by Grand View Research, Inc.


Increasing demand for bioethanol and biodiesel in emerging economies including India, Brazil, and Thailand will augment industry growth over the forecast period. Growing number of government investments along with R&D activities in industrial enzymes will drive demand over the next eight years.

Rising population along with rising living standard will drive processed foods demand, which in turn will stimulate industry expansion. In addition, emerging protein design algorithms, along with growing inexpensive DNA sequencing technology will open new market avenues over the next seven years.

Carbohydrases accounted for 47.7% of the global market share in 2015, dominating the enzymes industry and the segment is expected to show significant growth in light of high usage in animal feed, textile, food & beverages, and pharmaceutical applications. Moreover, mounting usage of artificial sweeteners, prebiotic products, and juices is expected to fuel product demand over the forecast period.

North America enzymes market was valued at USD 3.59 billion in 2015 and will show high gains in light of favorable government policies along with a robust manufacturing base in the U.S. Growing demand for animal feed and biofuels in the U.S. is expected to drive market size.

To Know More About Enzymes Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/enzymes-industry

Latin America accounted for 8.3% of the overall enzymes market and will show substantial growth in light of rapid industrialization coupled with increasing biodiesel production in Brazil and Argentina.

Top Players of Enzymes Market:

Key industry players include Novozymes, Danisco, Royal DSM, BASF SE, DuPont, Lonza Group, and Advanced Enzymes Technologies Ltd. In January 2014, DuPont launched LAMINEX MaxFlow 4G enzyme, intended for increasing texture, taste and appearance of beer in beverages applications.

Market Segmentation of Enzymes Market:

The Global Enzymes Market on the basis of Type, Product, Application and Region.

By Type:

    Industrial enzymes
    Specialty enzymes

By Product:

    Carbohydrase
    Proteases
    Lipases
    Polymerases & nucleases

By Product:

    Food & Beverages
    Detergents
    Animal Feed
    Textile
    Paper & Pulp
    Nutraceutical
    Personal Care & Cosmetics
    Wastewater

By Application:

    Pharmaceuticals
    Research & biotechnology
    Diagnostics
    Biocatalyst

By Region:

    North America
    Europe
    Asia Pacific
    Latin America
    MEA

Inquire about Enzymes Market with Our Experts @ https://www.grandviewresearch.com/inquiry/40
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