27-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “Technical Enzymes Market By Type (Amylases, Cellulases, Proteases, Lipases, and Others), By Source (Microorganism, Plant, and Animal), By Form (Liquid and Dry), By Application (Biofuel, Starch Processing, Textiles & Leather, Paper & Pulp, and Others), and By Region: 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 Technical Enzymes market in 2019 was approximately USD 1.3 Billion. The market is expected to grow at a CAGR of 4.3% and is anticipated to reach around USD 1.7 Billion by 2026.
Technical enzymes are macromolecular biological catalysts that are majorly used to produce alcohol, cheese, bread, and fruit drinks. These enzymes are complex proteins that help accelerate biochemical reactions. The technical enzymes are extensively used in the food & beverage industry, cleaning agents industry, and also for the production of bio-fuel.
Browse the full “Technical Enzymes Market By Type (Amylases, Cellulases, Proteases, Lipases, and Others), By Source (Microorganism, Plant, and Animal), By Form (Liquid and Dry), By Application (Biofuel, Starch Processing, Textiles & Leather, Paper & Pulp, and Others), and By Region: 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/global-technical-enzymes-market-by-type-amylases-cellulases-965
Market Drivers:
The growing concerns regarding the impact on the environment in the various regions and the developments in the R&D activities for the technical enzymes are the major factors propelling the growth of the global Technical Enzymes market. Furthermore, the increasing application of these enzymes in the paper & pulp industry, oil field fine chemicals, leather & textile processing, bioethanol manufacturers, starch processing, and wastewater treatment plants have a positive impact on the Technical Enzymes market. Apart from this, the increasing use of technical enzymes in the nutraceutical industry owing to the high demand for digestive and nutritional enzymes is estimated to boost the market growth during the forecast period. Additionally, the functional properties of these enzymes such as detergent, eco-friendly nature, withstanding low temperature, efficiency, selectivity, stain removal, high digestibility, and high nutritional value has boomed its application in the animal feed, detergent, baking, beverages, personal care products, and other industries.
Market Segment Dominance:
- Biofuel application is estimated to hold the largest share in the Technical Enzymes market
The technical enzymes use for the production of biofuel is estimated to accelerate the Technical Enzymes market. Moreover, the increasing consumer preference for an alternative to fossil fuels to help lower the toxic auto & industrial emissions is projected to increase the use of biofuels in developed countries. The rising requirement for a substitute to methyl tert-butyl ether (MTBE) is increasing the demand for biofuel which, in turn, will help bolster the global Technical Enzymes market.
- The liquid form is estimated to dominate the Technical Enzymes market
The liquid form of enzymes is estimated to lead the market owing to the high demand of this form in the biofuel and textile & leather industries. In addition to this, the relaxed blending properties help increase the production of liquid fuel, chemicals for textiles, and others. Moreover, the resulting high-quality product is also anticipated to boost the global Technical Enzymes market growth.
- Microorganism source holds the largest share in the Technical Enzymes market
Microorganisms are the major source of technical enzymes as they can be produced in huge numbers within a short period and also the genetic manipulations in the bacterial cells can be performed to improve the enzyme production for further application in textile & leather, pulp & paper, biofuel, and starch processing. Additionally, the active and stable nature of microbial enzymes makes it the primary preference among the manufacturers thus augmenting the microorganisms demand in the global Technical Enzymes market.
Regional Dominance:
- North America accounts for the highest share in the Technical Enzymes market
The north American market is projected to dominate the market owing to the supreme benefits, environment-friendliness, cost-effectiveness, and suitable alternative to conventional alkaline/acidic catalysts. Apart from this, the growing R&D activities and technological advancements for the technical enzymes in this region are expected to propel the market growth. The increasing use of these enzymes in the starch processing, biofuel, textile & leather, paper & pulp, and other industries is estimated to fuel the growth in the region.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 1.3 Billion |
Projected Market Size in 2026 |
USD 1.7 Billion |
CAGR Growth Rate |
4.3% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
DuPont, DSM, Associated British Foods, BASF, Novozymes, Tex Biosciences, Megazyme, Dyadic International, Advanced Enzymes Technologies, Epygen Labs, Denykem, Aumgene Biosciences, Enzymatic Deinking Technologies, MetGen, Maps Enzymes, Creative Enzymes, and Others |
Key Segment |
By Type, Form, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Key Market Players:
Some of the major players of the global Technical Enzymes market include DuPont, DSM, Associated British Foods, BASF, Novozymes, Tex Biosciences, Megazyme, Dyadic International, Advanced Enzymes Technologies, Epygen Labs, Denykem, Aumgene Biosciences, Enzymatic Deinking Technologies, MetGen, Maps Enzymes, and Creative Enzymes.
This report segments the global Technical Enzymes market as follows:
Global Technical Enzymes Market: Type Segmentation Analysis
- Amylases
- Cellulases
- Proteases
- Lipases
- Others
Global Technical Enzymes Market: Form Segmentation Analysis
Global Technical Enzymes Market: Application Segmentation Analysis
- Biofuel
- Starch Processing
- Textiles & Leather
- Paper & Pulp
- Others
Global Technical Enzymes Market: 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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