The increasing demand for enzymes as pharmaceutical products is driving the global enzymes market, says Fortune Business Insights in a report titled “Enzymes Market Size”, Share And Global Trend By Type (Cellulases,Amylases, Proteases, Lipases, Other), By Source (Bacterial, Fungal, Yeast), By Application (Pharmaceutical Industries, Diagnostics Laboratories, Food Industries, Cosmetic Industries, Others), By End User (Pharmaceutical Industries ,Biotechnological Companies, Diagnostic Clinics, Education & Research Institutes, Others), And Geography Forecast Till 2026.” Rising application of enzyme in the diagnosis of diseases is a key factor supporting the growth of the global enzymes market.
Leading Players operating in the Enzymes Market are:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
- Codexis Inc.
- Amano Enzyme Inc.
- Dupont De Nemours & Co.
- ABF PLC
- AB Enzymes
- Dyadic International Inc.
- Advanced Enzyme Technology Ltd.
- Affymetrix Inc.
- Bbi Enzymes Ltd.
- Codexis Inc.
- Nagase & Co. Ltd.
- Life Technologies
- Roche Holding Ag.
- Sanofi S.A.
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Plants Segment to Showcase Eminent Growth
We have categorized the market on the basis of type, source, product type, and geography. In terms of type, the market is divided into industrial and specialty enzymes. Based on the source, it is fragmented into plants, animals, and microorganisms. The plants segment is showcasing eminent growth with a market share of 19.3% in 2019.
On the basis of product type, it is bifurcated into protease, lipase, carbohydrates, nuclease & polymerase, and others. Lastly, on the basis of geography, it is segmented into North America, Europe, South America, Asia Pacific, and the Middle East & Africa.
Presence of Leading Companies Will Stimulate Growth in North America
Geographically, the global enzymes market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America followed by Europe are predicted to dominate the global enzymes market during the forecast period owing to the presence of key biopharmaceutical companies in the region. Further, the rising investments by key players in research & development activities for the development of potent specialty enzymes is predicted to further boost the enzyme growth in the region. Asia Pacific is predicted to grow at a considerable rate during the forecast period owing to the increasing applications of enzymes in the pharmaceutical industry in emerging nations such as India, China and others.
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Increasing Demand for Cellulosic and Amylase Based Biofuels Will Encourage Market Growth
The increasing demand for the cellulosic and amylase based biofuels along with the adoption of enzymes as pharmaceutical products is expected to boost the global enzymes shares. The growing application of enzyme in the diagnosis of disease conditions is also a factor contributing to the global enzymes growth. According to the International Union of Biochemistry (IUB), enzymes are classified into oxidoreductases, transferases, hydrolases, lyases, isomerases, and ligases. Enzymes are commonly used in the food processing industry, paint industry, pharmaceutical industries and many others. Further, the rising investments in R&D activities by market key players for the development of potent enzymes is predicted to further boost the global enzymes growth. Nonetheless, high investment in manufacturing due to rising sensitivity of enzymes towards pH, heat and other is expected to restrict the growth of the global enzymes market. Moreover, contamination issues in enzymes is also a factor expected to hamper the growth of the global enzymes market.
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Reasons to Purchase this Report:
- Comprehensive analysis of the Enzymes Market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
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