17-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “Alcohol Enzyme Market By Type (Carbohydrase, Proteases, Lipases, and Others) and By Application (Industrial and Specialty): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global alcohol enzyme market in 2019 was approximately USD 2.4 billion. The market is expected to grow at a CAGR of 7.8% and is anticipated to reach around USD 4 billion by 2026.
Alcohol enzyme is an enzyme group that promotes hydrolysis and interferes with alcohol and aldehyde conversion. Enzymes serve as catalysts in metabolic reactions in the conversion of complex compounds into simple compounds. They can be used as catalysts to convert complex molecules into various metabolic reactions. Alcohol enzyme is an important component of industrial applications, enzyme assists in maximizing high yields and improving chemical processes.
Browse the full “Alcohol Enzyme Market By Type (Carbohydrase, Proteases, Lipases, and Others) and By Application (Industrial and Specialty): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/alcohol-enzyme-market-by-type-carbohydrase-proteases-lipases-739
The changing lifestyle of the global population has resulted in the development of new cultures wherein one can notice the increasing demand for processed food and wine. This can be clubbed with the growth of the alcohol enzyme market. In the near future, the growth of the alcohol enzyme market is expected to have a positive impact on increasing disposable income and the easy availability of raw materials for alcohol enzyme production.Diverse applications of alcohol enzymes in the cleaning agents, food & beverage industry and biofuel are also likely to boost the growth of the demand for alcohol enzymes over the forecast period. However, strict rules and regulations imposed by the government may hamper the growth of the alcohol enzyme market.Nevertheless, the untapped alcohol enzyme market in the emerging economies is expected to offer plenty of opportunities over the forecast period for the alcohol enzyme industry.
The alcohol enzyme product type is majorly divided into types such as lipases, carbohydrase, proteases, and others. Carbohydrase has a wide range of applications in industrial processes and products. Carbohydrase serves as a replacement for sucrose sweetener to improve the sensory qualities of juices and wines and lower lactose in the milk. Hence carbohydrase was the highest revenue-generating segment in 2019 with increasing demand from the food industry. Alcohol enzyme is utilized in industrial and specialty applications such as pharmaceutical, cleaning agents, biofuel production, research & biotechnology, food & beverage, bio-catalyst, among others. The food & beverage industry was the largest end-user of alcohol enzymes in 2019.
North America has seen a sharp rise in health-conscious population and cosmetic demand. So in 2019, North America had the largest alcohol enzyme market. Usage of alcohol enzyme in US food & beverage and cleaning agents has fueled development in North America's alcohol enzyme industry. In addition, a sharp rise in North America's pharmaceutical spending has resulted in high growth in the pharmaceutical industry, which is expected to increase the growth of the demand for alcohol enzymes over the forecast period.
Remarkable industrial growth in India and China along with the growing disposable income is the reason behind the growth of the alcohol enzyme market. Hence, Asia Pacific is expected to be the fastest-growing alcohol enzyme market in the upcoming years. With the introduction of new drugs introduced in the enzyme replacement industry, Europe is expected to see significant growth in the coming years due to increased demand for alcohol enzyme in the past couple of years.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 2.4 Billion |
Projected Market Size in 2026 |
USD 4 Billion |
CAGR Growth Rate |
7.8% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
DuPont, Pfizer, Inc., Amgen, Inc., Novozymes, Bayer AG, Shanghai Zheyang Chemical Co. Ltd., Roquette Frères, Abbott Laboratories, Eli Lilly Company, F. Hoffmann-La Roche Ltd., Merck & Co., Inc., Novartis AG, Novo Nordisk A/S, The Soufflet Group, and Others |
Key Segment |
By Type, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Some of the major key players of the alcohol enzyme market
DuPont, Pfizer, Inc., Amgen, Inc., Novozymes, Bayer AG, Shanghai Zheyang Chemical Co. Ltd., Roquette Frères, Abbott Laboratories, Eli Lilly Company, F. Hoffmann-La Roche Ltd., Merck & Co., Inc., Novartis AG, Novo Nordisk A/S, The Soufflet Group, and Others.
This report segments the alcohol enzyme market as follows:
By Type Segmentation Analysis
- Carbohydrase
- Proteases
- Lipases
- Others
By Application Segmentation Analysis
By Regional Segmentation Analysis
- North America
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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