The increasing demand for food enzymes, increasing demand for cosmetics and personal care products, and surging increase in production of biofuel are some of the primary factors boosting the market growth. However, factors such as complex production processes, safety concerns related to the use of industrial enzymes, and various regulatory constraints on the use of industrial enzymes for different markets will hamper the industrial enzymes market growth.
Industrial Enzymes Market: Application Landscape
By Application, the industrial enzymes market is segmented into food and beverage, detergents, animal feed, bio fuel, and others. The food and beverage led the market during 2020 and will continue to dominate the market growth during the forecast period.
Industrial Enzymes Market: Geographic Landscape
In terms of geography, North America will account for 34% of the market's overall growth. The US will emerge as the key revenue-generating economy for this market.
For more information on each contributing segment, Download PDF Sample Here!
Companies Covered:
- Amano Enzyme Inc.
- Associated British Foods Plc
- Aumgene Biosciences
- BASF SE
- Chr. Hansen Holding AS
- Codexis Inc.
- F. Hoffmann-La Roche Ltd.
- Koninklijke DSM NV
- Novozymes AS
- Thermo Fisher Scientific Inc.
Get lifetime access to our Technavio Insights. Subscribe now to our most popular "Lite Plan" billed annually at USD 3000. View 3 reports monthly and Download 3 Reports Annually!
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2020, 2021, until 2025
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Related Reports:
Lactase Enzyme Market by Application and Geography - Forecast and Analysis 2021-2025
Industrial Enzymes Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.81% |
Market growth 2021-2025 |
USD 1.94 billion |
Market structure |
Fragmented |
YoY growth (%) |
5.45 |
Regional analysis |
North America, APAC, Europe, South America, and MEA |
Performing market contribution |
North America at 34% |
Key consumer countries |
US, China, Germany, India, and UK |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Amano Enzyme Inc., Associated British Foods Plc, Aumgene Biosciences, BASF SE, Chr. Hansen Holding AS, Codexis Inc., F. Hoffmann-La Roche Ltd., Koninklijke DSM NV, Novozymes AS, and Thermo Fisher Scientific Inc. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
Related Links
https://www.technavio.com/
Share this article