Enzymes Market Size Growth $19.09 Billion By 2025 With CAGR: 8.9% | Grand View Research Inc.

Posted on 2019-07-16 by researchinsights in Chemicals // 0 Comments

San Francisco, United States, 2019-Jul-16 — /EPR Network/ —

The global enzymes market size is expected to reach USD 19.09 billion by 2025, as per a new report by Grand View Research Inc. It is projected to register a CAGR of 8.9% during the forecast period. Rising demand for industrial enzymes in detergent, animal feed, food and beverage, and wastewater treatment industries is expected to drive the growth.

Enzymes are used as additives in the food and beverage industry to enhance the product quality and eradicate deficiencies in food items. The rapid growth of food processing industry on account of rising population coupled with increasing consumer spending on processed food products is expected to drive product demand over the projected period.

Enzymes are expected to witness high demand from detergent manufacturing on account of their ability to remove protein-based stains and dirt. In the pulp and paper industry, the product is used for deinking and fiber modification applications. Rising demand for superior quality paper for medical packaging industry is expected to drive growth of the enzymes market.

High cost associated with enzyme manufacturing equipment and machinery makes it a capital intensive industry, which is expected to be a barrier for the new entrants. A strong foothold of the major players on account of their established buyer base and wide distribution network is expected to offer them a competitive edge over the projected period.

To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/enzymes-industry

Further key findings from the report suggest:

In 2018, demand for specialty enzymes in U.S. was valued at USD 1.88 billion and is expected to witness significant growth in near future on account of the strong presence of pharmaceutical manufacturing in the region
Carbohydrase led the product segment with a market share of 48.2%, as the product has a high demand for producing sugar syrups in the food processing industry
Pharmaceutical was the largest application segment for specialty enzymes in China, accounting for 48.49% of the overall market share owing to the high volume production of generic drugs in the country
Demand for industrial enzymes in Brazil is expected to expand at a CAGR of 8.4% over the projected period on account of expansion of FMCG and nutraceutical companies in the country
Rising focus of animal feed manufacturers on improving nutritional values of the end-products is expected to propel the industrial enzymes segment with a CAGR of 9.0% over the projected period
The optimum business growth for the manufacturers in the enzymes market is likely to depend on the strategies including backward integration, capacity expansion, new product development, and significant investments in R&D

Related Reports on Catalysts & Enzymes:

Grand View Research has segmented the global enzymes market on the basis of product, application, end use, and region:

Enzymes Product Outlook (Revenue, USD Million, 2014 – 2025)

Carbohydrases
Proteases
Lipases
Polymerases & Nucleases
Others

Enzymes Application Outlook (Revenue, USD Million, 2014 – 2025)

Industrial Enzymes
Specialty Enzymes

Enzymes Industrial Enzymes End Use Outlook (Revenue, USD Million, 2014 – 2025)

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

Specialty Enzymes End Use Outlook (Revenue, USD Million, 2014 – 2025)

Pharmaceutical
Research & Biotechnology
Diagnostics
Biocatalysts

Enzymes Regional Outlook (Revenue, USD Million, 2014 – 2025)

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- U.K.
- France
- Italy
- Sweden
- Austria
- Poland
- Russia
Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Thailand
- Malaysia
Central & South America
- Brazil
- Argentina
Middle East & Africa

For Press Release of This Research Report by Grand View Research:

https://www.grandviewresearch.com/press-release/global-enzymes-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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