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Technical Enzymes Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2020-2025
Technical Enzymes Market Report Overview
Technical Enzymes Market size in 2019 is estimated to be $ 1,134 million, growing at a CAGR of 4% during the forecast period 2020-2025. The technical enzymes are mainly used for splitting of carbohydrates, fats, or proteins in the food industry. Moreover, it is used in the production and processing of textile. Increasing environmental concerns and technological advancement are the major factors driving the growth of the market. Moreover, rising investment in food, beverage and pharmaceutical industries and advancement of R&D activities further enhance the overall market demand for Technical Enzymes during the forecast period 2020-2025.
Report Coverage
The report: “Technical Enzymes Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Technical Enzymes Market:
By Type : Amylases, Cellulases, Proteases, Lipases
By Industry : Biofuel, Starch, Textiles & Leather, Paper & Pulp
By Source : Microorganism, Plant, Animal
By Form : Liquid, Dry
By Geography: North America, Europe, Asia-Pacific, and Rest of the World
Key Takeaways
- In 2019, North America dominates the Technical Enzymes Market owing to the development of novel and superior performing products, cost-effective alternatives and developed technologies.
- Increasing environmental concerns and technological advancement is driving the market growth of technical enzymes.
- Detailed analysis of the Strength, Weakness, and opportunities of the prominent players operating in the market will be provided in the Technical Enzymes Market report.
- High price of enzymes and increasing health problems are challenging the growth of the market.
Type - Segment Analysis
Based on the Type, Technical Enzymes Market is segmented into Amylases, Cellulases, Proteases, and Lipases. The Lipases segment is forecast to be the fastest-growing segment and is projected to grow at a CAGR of 3.5% during the forecast period 2020-2025. Lipases are enzymes that catalyze the hydrolysis of lipids and are one of the important groups of biocatalysts with biotechnological applications. Lipases have been isolated from many species of plants, animals, bacteria, and fungi. Moreover, Lipases are the major enzymes used for commercializing biofuel production with enzymatic processes are contributing to the growth of this segment.
Industry - Segment Analysis
Based on the Industry, Technical Enzymes Market is segmented into Biofuel, Starch, Textiles & Leather, and Paper & Pulp. In 2019, Biofuel held the largest share in the Technical Enzymes Market. This is mainly owing to Consumer inclination toward an alternative to gasoline for the reduction in harmful auto & industrial emissions. Moreover, Enzymes are safer substitutes for MTBE (methyl tert-butyl ether), as MTBE is a blending component to oxygenate gasoline and hazardous to human health is also contributing to the growth of this segment.
Geography - Segment Analysis
North America dominated the Technical Enzymes Market share accounting for 40% of the market in 2019. This is mainly owing to the development of novel and superior performing products, cost-effective alternatives and developed technologies.
However, the Asia-Pacific region is projected to be the fastest-growing during the forecast period 2020-2025. This is owing to increasing demand for technical enzymes in starch and textile & leather industries and change in technological innovations.
Drivers – Technical Enzymes Market
- Increasing Environmental Concerns
Increasing environmental concerns and increase in demand for biofuel are some factors driving the growth of Technical Enzymes Market. Moreover, enzymes have been used for the conversion of biomass into biofuels, as they overcome many drawbacks associated with the use of traditional chemicals as catalysts for biofuel generation is also set to increase the market growth.
- Technological Advancement
Technological advancements have made technical enzymes available for a wide range of applications in biofuel, paper & pulp, textile & leather, starch processing, and other industries are some factors driving the growth of the market. Moreover, development in biotechnology further contributing to the growth of Technical Enzymes Market.
Challenges – Technical Enzymes Market
High price of enzymes and increasing health problems such as allergies are challenging the growth of the market. Moreover, increasing competition among raw material suppliers of technical enzymes are further restraining its market growth during the forecast period 2020-2025.
Technical Enzymes Industry Outlook
Product launches, Merger & Acquisitions, joint ventures and R&D activities are key strategies adopted by players in the Technical Enzymes Market. Technical Enzymes top 10 companies are BASF, DuPont, Associated British Foods, Novozymes, DSM, Dyadic International, Advanced Enzymes Technologies, Maps Enzymes, Epygen Labs, Megazyme, Aumgene Biosciences, and Enzymatic Deinking Technologies.
Acquisitions/Product Launches:
- On 26 September 2019, BASF has an acquisition with Aroma Biotech which advance the technology for biotech based by combining its R&D excellence.
- On 4 September 2020, DSM has acquisition verenium Corporation for the development of food enzymes and oilseed processing with advanced technology.
1. Technical Enzymes Market Overview
1.1 Definitions and Scope
2. Technical Enzymes Market Executive Summary
2.1 Market Revenue, Market Size and Key Trends
2.2 Key trends by Type
2.3 Key trends by Industry
2.4 Key trends by Source
2.5 Key trends by Form
2.6 Key trends by Geography
3. Technical Enzymes Market Landscape
3.1 Market Share Analysis- Key Companies
3.2 Product Benchmarking- Key Companies
3.3 Financial Analysis - Key Companies
3.4 Patent Analysis
3.5 Pricing Analysis
4. Technical Enzymes Market - Startup companies Scenario Premium Premium
4.1 Key startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Application Analysis
4.1.4 Venture Capital and Funding Scenario
5. Technical Enzymes Market - Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case Studies of successful ventures
6. Technical Enzymes Market Forces
6.1 Market Drivers
6.2 Market Constraints/Challenges
6.3 Porters Five Force Model
6.3.1 Bargaining Power of Suppliers
6.3.2 Bargaining Powers of Customers
6.3.3 Threat of New Entrants
6.3.4 Rivalry Among Existing Players
6.3.5 Threat of Substitutes
7. Technical Enzymes Market Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Market Life Cycle
8. Technical Enzymes Market – By Type (Market Size -$Million/$Billion)
8.1 Amylases
8.2 Cellulases
8.3 Proteases
8.4 Lipases
9. Technical Enzymes Market– By Industry (Market Size -$Million/$Billion)
9.1 Biofuel
9.2 Starch
9.3 Textiles & Leather
9.4 Paper & Pulp
10. Technical Enzymes Market– By Source (Market Size -$Million/$Billion)
10.1 Microorganism
10.2 Plant
10.3 Animal
11. Technical Enzymes Market– By Form (Market Size -$Million/$Billion)
11.1 Liquid
11.2 Dry
12. Technical Enzymes Market- By Geography (Market Size -$Million/$Billion)
12.1 North America
12.1.1 U.S.
12.1.2 Canada
12.1.3 Mexico
12.2 Europe
12.2.1 U.K.
12.2.2 Germany
12.2.3 France
12.2.4 Italy
12.2.5 Spain
12.2.6 Rest of Europe
12.3 Asia-Pacific
12.3.1 China
12.3.2 Japan
12.3.3 South Korea
12.3.4 India
12.3.5 Australia & New Zealand
12.3.6 Rest of Asia-Pacific
12.4 Rest of the World
12.4.1 Middle East
12.4.2 Africa
12.4.3 South America
13. Technical Enzymes Market Entropy
14. Technical Enzymes Market - Industry / Segment Competition landscape Premium Premium
14.1 Market Share Analysis
14.1.1 Market Share by Country- Key companies
14.1.2 Market Share by Region- Key companies
14.1.3 Market Share at Global Level- Key companies
14.1.4 Best Practices for Companies
15. Technical Enzymes Market- Key Company List by Country Premium Premium
16. Technical Enzymes Market Company Analysis
16.1 Company Revenue, Products, M&A, Developments
16.2 Company 1
16.3 Company 2
16.4 Company 3
16.5 Company 4
16.6 Company 5
16.7 Company 6
16.8 Company 7
16.9 Company 8
16.10 Company 9
16.11 Company 10
"*Financials for private companies would be provided on a best efforts basis”.
LIST OF TABLES
1.Global Technical Enzymes, By Type Market 2019-2024 ($M)1.1 Amylase Market 2019-2024 ($M) - Global Industry Research
1.2 Cellulases Market 2019-2024 ($M) - Global Industry Research
1.3 Protease Market 2019-2024 ($M) - Global Industry Research
1.4 Lipase Market 2019-2024 ($M) - Global Industry Research
2.Global Technical Enzymes, By Type Market 2019-2024 (Volume/Units)
2.1 Amylase Market 2019-2024 (Volume/Units) - Global Industry Research
2.2 Cellulases Market 2019-2024 (Volume/Units) - Global Industry Research
2.3 Protease Market 2019-2024 (Volume/Units) - Global Industry Research
2.4 Lipase Market 2019-2024 (Volume/Units) - Global Industry Research
3.North America Technical Enzymes, By Type Market 2019-2024 ($M)
3.1 Amylase Market 2019-2024 ($M) - Regional Industry Research
3.2 Cellulases Market 2019-2024 ($M) - Regional Industry Research
3.3 Protease Market 2019-2024 ($M) - Regional Industry Research
3.4 Lipase Market 2019-2024 ($M) - Regional Industry Research
4.South America Technical Enzymes, By Type Market 2019-2024 ($M)
4.1 Amylase Market 2019-2024 ($M) - Regional Industry Research
4.2 Cellulases Market 2019-2024 ($M) - Regional Industry Research
4.3 Protease Market 2019-2024 ($M) - Regional Industry Research
4.4 Lipase Market 2019-2024 ($M) - Regional Industry Research
5.Europe Technical Enzymes, By Type Market 2019-2024 ($M)
5.1 Amylase Market 2019-2024 ($M) - Regional Industry Research
5.2 Cellulases Market 2019-2024 ($M) - Regional Industry Research
5.3 Protease Market 2019-2024 ($M) - Regional Industry Research
5.4 Lipase Market 2019-2024 ($M) - Regional Industry Research
6.APAC Technical Enzymes, By Type Market 2019-2024 ($M)
6.1 Amylase Market 2019-2024 ($M) - Regional Industry Research
6.2 Cellulases Market 2019-2024 ($M) - Regional Industry Research
6.3 Protease Market 2019-2024 ($M) - Regional Industry Research
6.4 Lipase Market 2019-2024 ($M) - Regional Industry Research
7.MENA Technical Enzymes, By Type Market 2019-2024 ($M)
7.1 Amylase Market 2019-2024 ($M) - Regional Industry Research
7.2 Cellulases Market 2019-2024 ($M) - Regional Industry Research
7.3 Protease Market 2019-2024 ($M) - Regional Industry Research
7.4 Lipase Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Technical Enzymes Market Revenue, 2019-2024 ($M)2.Canada Technical Enzymes Market Revenue, 2019-2024 ($M)
3.Mexico Technical Enzymes Market Revenue, 2019-2024 ($M)
4.Brazil Technical Enzymes Market Revenue, 2019-2024 ($M)
5.Argentina Technical Enzymes Market Revenue, 2019-2024 ($M)
6.Peru Technical Enzymes Market Revenue, 2019-2024 ($M)
7.Colombia Technical Enzymes Market Revenue, 2019-2024 ($M)
8.Chile Technical Enzymes Market Revenue, 2019-2024 ($M)
9.Rest of South America Technical Enzymes Market Revenue, 2019-2024 ($M)
10.UK Technical Enzymes Market Revenue, 2019-2024 ($M)
11.Germany Technical Enzymes Market Revenue, 2019-2024 ($M)
12.France Technical Enzymes Market Revenue, 2019-2024 ($M)
13.Italy Technical Enzymes Market Revenue, 2019-2024 ($M)
14.Spain Technical Enzymes Market Revenue, 2019-2024 ($M)
15.Rest of Europe Technical Enzymes Market Revenue, 2019-2024 ($M)
16.China Technical Enzymes Market Revenue, 2019-2024 ($M)
17.India Technical Enzymes Market Revenue, 2019-2024 ($M)
18.Japan Technical Enzymes Market Revenue, 2019-2024 ($M)
19.South Korea Technical Enzymes Market Revenue, 2019-2024 ($M)
20.South Africa Technical Enzymes Market Revenue, 2019-2024 ($M)
21.North America Technical Enzymes By Application
22.South America Technical Enzymes By Application
23.Europe Technical Enzymes By Application
24.APAC Technical Enzymes By Application
25.MENA Technical Enzymes By Application
26.E. I. Du Pont De Nemours And Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Associated British Food Plc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Koninklijke Dsm N V, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Novozymes A/S, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Dyadic International Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Advanced Enzyme Technology Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Map Enzyme Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Epygen Lab Fz Llc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Megazyme, Sales /Revenue, 2015-2018 ($Mn/$Bn)