Enzymes Market 2018 is set for a Potential Growth Worldwide: Excellent Technology Trends with Business Analysis by 2026
According to a new report published by Polaris Market Research the Enzymes Market is anticipated to reach over USD 21,760.9 million by 2026.
North America generated the highest revenue in the market in 2017, and is expected to lead the Enzymes Market throughout the forecast period. The presence of well-established industries such as healthcare, pharmaceutical, and food & beverages, substantial initiatives in research and development, and favorable government policies drive the market growth. Asia-Pacific is expected to grow at the highest CAGR during the forecast period owing to increasing adoption of enzymes in food and beverages, and consumer goods.
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The diverse applications of enzymes in industries such as healthcare, food and beverages, pharmaceutical, personal care, textile, and animal feed among others is expected to support the growth of this market. Other driving factors include introduction of genetically-engineered enzymes, and stringent government regulations regarding use of chemicals. Increasing demand from developing nations, use of enzymes as alternatives for synthetic chemicals, and technological advancements are expected provide numerous growth opportunities to the Enzymes Market players during the forecast period.
Enzymes are used in a wide range of applications in medical and healthcare sector. Enzymes are used in diagnosis of diseases, drug manufacturing, cleaning wounds, assisting in healing processes, and analytical testing for disease detection among others. In the food industry enzymes are used in fruit juices, alcohol, baked goods, and preserved food among others.
The different applications of enzymes include food and beverages, cosmetics and personal care, textile, animal feed, paper and pulp, medical & pharmaceutical, and others. In 2017, the food and beverage accounted for the highest market share. The increasing need to offer high quality and good tasting processed food has resulted in the growth of enzymes in this sector. Enzymes are used in baked goods for regulating the rate of chemical reactions in baking processes. The rising demand of nutritional diet, and favourable government regulations are expected to support Enzymes Market growth during the forecast period.
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The well-known companies profiled in Enzymes Market report include: -
- AB Enzymes
- BBI Enzymes Ltd.
- Advanced Enzyme Technology Ltd.
- Roche Holding AG
- Sanofi S.A.
- BASF SE
- DuPont
- Novus International Inc.
- Novozymes A/S
- Associated British Foods PLC
- CHR Hansen Holding A/S
- Danisco A/S
TOC of Enzymes Market:
Chapter 1. Overview and Scope
Chapter 2. Market Summary
Chapter 3 Enzymes Market Size and Forecast
Chapter 4. Dynamics and Segmentation
Chapter 5. Detailed Insight on Key Company
Chapter 6. Research Methodology and Reference
Chapter 7. Competitive Landscape
TOC Continued…...!!!
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on Thursday November 01 2018, 9:45 AM EST.
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