Industrial Enzymes Market Is Expected To Reach Approximately USD 6.72 Billion By 2023, While Registering Itself At A Compound Annual Growth Rate (CAGR) Of 5.74% During The Forecast Period
Industrial Enzymes Market from Qurate’s Repository provides detailed information, in-depth analysis, and forecast which is developed by a team of experts and professionals
(EMAILWIRE.COM, August 30, 2018 ) Industry Outlook and Trend Analysis
The global Industrial Enzymes Market was worth USD 4.07 billion in 2014 and is expected to reach approximately USD 6.72 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 5.74% during the forecast period. Industrial chemicals are generally used in food & beverage applications, inferable from their useful properties. They play a vital part in deciding the coveted characteristics, for example, texture, taste, mouth feel, appearance, and flavor in food & beverage applications and are likewise used for the creation of biofuels. Next-generation chemicals, for example, psychrozymes have extended the application regions of modern compounds in the animal feed, textile & leather, food & beverage, and biofuel parts, hence driving the general market for industrial enzymes.
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Type Outlook and Trend Analysis
Based on type the market is segmented into cellulases, amylases, lipases, proteases, phytases, and others. Proteases have come up as the most commonly used industrial enzymes owing to their wider application areas such as detergents, food and beverage, and pharmaceuticals.
Application Outlook and Trend Analysis
The food & beverages segment represented the biggest share in the industrial enzymes market, on the basis of value, in 2016. The extensive demand of carbohydrases in brewing, food processing, baking, and biofuel manufacturing has been one of the major drivers of the industrial enzymes market.
Source Outlook and Trend Analysis
On the basis of source the microorganism segment represented the biggest market share in 2015. The global demand for enzymes that microorganism based is more in comparison to that for plants & animals, due to their controllable and predictable enzyme content.
Regional Outlook and Trend Analysis
In 2016, the Asia-Pacific district represented a huge share of the worldwide industrial enzymes market and is anticipated to develop at the most elevated CAGR amid the gauge time frame. The ascent in populace, per capita income, increase in awareness of diseases, healthcare expenditure, purchasing power of people, and quick development in advancements have prompted the development in circumstances in Asia-Pacific area for industrial enzymes.
Competitive Insights
The leading players in the market are BASF, DSM, DuPont, Associated British Foods and Novozymes. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
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The Industrial Enzymes market is segmented as follows-
By Type:
Cellulases
Proteases
Phytases
Amylases
Lipases
By Application:
Cleaning agents
Food & beverages
Animal feed
By Source:
Plant
Microorganism
Animal
By Region
North America
U.S
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia Pacific
Rest of the World
Brazil
South Africa
Saudi Arabia
United Arab Emirates
Others
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Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
The global Industrial Enzymes Market was worth USD 4.07 billion in 2014 and is expected to reach approximately USD 6.72 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 5.74% during the forecast period. Industrial chemicals are generally used in food & beverage applications, inferable from their useful properties. They play a vital part in deciding the coveted characteristics, for example, texture, taste, mouth feel, appearance, and flavor in food & beverage applications and are likewise used for the creation of biofuels. Next-generation chemicals, for example, psychrozymes have extended the application regions of modern compounds in the animal feed, textile & leather, food & beverage, and biofuel parts, hence driving the general market for industrial enzymes.
Request for Free Sample@ https://www.qurateresearch.com/report/sample/CnM/QBI-CMR-CnM-54623
Type Outlook and Trend Analysis
Based on type the market is segmented into cellulases, amylases, lipases, proteases, phytases, and others. Proteases have come up as the most commonly used industrial enzymes owing to their wider application areas such as detergents, food and beverage, and pharmaceuticals.
Application Outlook and Trend Analysis
The food & beverages segment represented the biggest share in the industrial enzymes market, on the basis of value, in 2016. The extensive demand of carbohydrases in brewing, food processing, baking, and biofuel manufacturing has been one of the major drivers of the industrial enzymes market.
Source Outlook and Trend Analysis
On the basis of source the microorganism segment represented the biggest market share in 2015. The global demand for enzymes that microorganism based is more in comparison to that for plants & animals, due to their controllable and predictable enzyme content.
Regional Outlook and Trend Analysis
In 2016, the Asia-Pacific district represented a huge share of the worldwide industrial enzymes market and is anticipated to develop at the most elevated CAGR amid the gauge time frame. The ascent in populace, per capita income, increase in awareness of diseases, healthcare expenditure, purchasing power of people, and quick development in advancements have prompted the development in circumstances in Asia-Pacific area for industrial enzymes.
Competitive Insights
The leading players in the market are BASF, DSM, DuPont, Associated British Foods and Novozymes. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
Enquiry About Report@ https://www.qurateresearch.com/report/enquiry/CnM/QBI-CMR-CnM-54623
The Industrial Enzymes market is segmented as follows-
By Type:
Cellulases
Proteases
Phytases
Amylases
Lipases
By Application:
Cleaning agents
Food & beverages
Animal feed
By Source:
Plant
Microorganism
Animal
By Region
North America
U.S
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia Pacific
Rest of the World
Brazil
South Africa
Saudi Arabia
United Arab Emirates
Others
Click on the link to Buy Now@ https://www.qurateresearch.com/report/buy/CnM/QBI-CMR-CnM-54623
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
Contact Information:
Qurate Business Intelligence
Nehal Chinoy
Tel: +919881074592
Email us
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Qurate Business Intelligence
Nehal Chinoy
Tel: +919881074592
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results