Diversity in Enzymes Applications Driving the Market
Innovations in the field of various process technologies and recombinant techniques in the past decade has helped improve yields through fermentation, selection of appropriate enzymes, altered specificity, and increased stability. Such techniques have been extending the applications of enzymes in the food technology and several other sectors. New enzymes based on the genome information for wood degrading microorganisms are available in the public domain, which has helped to develop cost-effective enzyme-based applications, such as in bio-pulping, pulp bleaching, and others, in the paper industry.
Food Processing Application Dominated in Market
Food processing application has dominated the US industrial enzymes market, accounting for more than half of the total market share, in 2017. Enzymes are used in the food and beverage industry to improve quality, nutritive value, color, fragrance, or appearance. The production of diary and beverages is increasing continuously in the country over the last few years. The breweries industry is benefitting from the increasing demand from consumers for new variety of craft beers manufactured from local microbreweries. The milk production output is supported by affordable feed costs and strong domestic demand in the country. Food production in the United States is concentrated between multinational giants, such as PepsiCo, Tyson Foods, Nestle, and JBS USA.
Lipase Type to Grow at the Fastest Rate
Carbohydrases has the largest share of about 53% among type in the Unites States in 2017. Currently lipases account for only 10% of the total industrial enzymes market share, but is expected to grow at the fastest rate, due to growing concerns of consumers towards health and obesity. With the development of enzymes technology, the lipase industrial applications has increased over the years. It is majorly used in the food and detergent industries. The other industries where lipases are used, include oil & gas, detergent, pulp & paper, leather, textile, cosmetics, and biodiesel.
Notable Developments in the Market
October 2017: DSM announced its plans to acquire a biochemical company, Koninklijke Gist-Brocades NV, for USD 1.32 billion which is likely to expand the company’s product portfolio of fine chemicals and food ingredients.
Major Players: Novozymes, DowDuPont, DSM, AB Enzymes, and BASF SE among others.
Reason to Purchase this Report
- To understand the impact of various type on the market.
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- To understand the dominating type, and application in the market
- Countries expected to witness the fastest growth during the forecast period
- Identify the latest developments, market shares, and strategies employed by the major market players.
- 3 months analyst support, along with the Market Estimate sheet (in Excel).
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1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness – Porter’s 5 Force Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
4. Market Dynamics
4.1.1 Growing Diversity in Enzyme Applications and Niche Products
4.1.2 Stringent Environmental Norms Curbing the Use of Chemicals
4.2.1 Restricted Temperature and pH Levels Of Enzymes
4.2.2 Competition for Raw Materials With Other Industries And Price Volatility
4.2.3 Various Regulatory Constraints for Different Markets
4.3.1 New Product Innovation and Expansion of Application Base
5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 By Type
5.2 By Application
5.2.1 Food Processing
5.2.3 Detergents & Cleaners
5.2.6 Leather Processing
5.2.7 Pulp & Paper
5.2.8 Animal Feed
6. Future of the Market
7. Competitive Landscape
7.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Financials**, Products & services, and Recent Developments)
8.1 AB Enzymes
8.2 BASF SE
8.6 Advanced Enzymes
8.7 Buckman Laboratories International, Inc.
8.8 Amano Enzyme Inc.
8.9 Chr. Hansen Holding A/S
8.12 BioResource International, Inc.
8.13 Novus International
* List not exhaustive
**Subject to availability on public domain
- AB Enzymes
- BASF SE
- Novozymes ,Advanced Enzymes
- Buckman Laboratories International Inc.
- Amano Enzyme Inc.
- Chr. Hansen Holding A/S
- BioResource International Inc.
- Novus International