The Europe Enzymes Market is expected to witness market growth of 6.97% CAGR during the forecast period (2021-2027). Domains like paper processing, contact lens cleaners, biological detergents, biofuels, rubber processing, and molecular biology have a huge demand for enzymes. Some of the parameters that align with the market growth are the increasing population, growing consumer awareness about high food quality, and major consumption of dietary needs.
Various industries such as biotechnology, pharmaceuticals, biofuel, and food & beverages industries reaping the advantages provided by enzymes. The growth of the enzymes market is expected to witness many growth avenues owing to the increasing demand for enzymes in the pharmaceutical industry to chemically make the intermediates in active pharmaceutical ingredient (API) production for efficient medications. In addition to it, the global market is expected to be fuelled by the fact that the enzymes are capable for converting complex molecules to simpler molecules (starch to glucose) in food & beverage organization, removing fats & oil stains in the detergent industry, bioethanol for biofuel production, and superior bleaching characteristics in paper & pulp industries.
The Germany market dominated the Europe Lipase Market by Country 2020, growing at a CAGR of 7.1 % during the forecast period. The UK market is exhibiting a CAGR of 7.5% during (2021 - 2027). Additionally, The France market is poised to witness a CAGR of 9% during (2021 - 2027).
The Hydrolase market dominated the Spain Enzymes Market by Reaction Type in 2020, thereby, achieving a market value of $120.3 million by 2027. The Lyase market is expected to witness a CAGR of 9.2% during (2021 - 2027).
Based on Source, the market is segmented into Animals, Plants and Microorganisms. Based on Type, the market is segmented into Protease, Carbohydrase, Lipase, Polymerase and Nuclease and Other Types. Based on Reaction Type, the market is segmented into Transferase, Lyase, Hydrolase, Oxidoreductase and Other Reaction Types. Based on Application, the market is segmented into Household Care, Bioenergy, Pharmaceutical and Biotechnology, Food & Beverages, Feed and Other Applications. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include BASF SE, International Flavors & Fragrances, Inc. (DuPont Nutrition), Associated British Foods PLC (Wittington Investments Limited), Koninklijke DSM N.V., Novozymes A/S, Kerry Group PLC, Chr. Hansen Holding A/S, Merck Group, Sanofi S.A., and Codexis, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Source
- Animals
- Plants
- Microorganisms
By Type
- Protease
- Carbohydrase
- Lipase
- Polymerase and Nuclease
- Other Types
By Reaction Type
- Transferase
- Lyase
- Hydrolase
- Oxidoreductase
- Other Reaction Types
By Application
- Household Care
- Bioenergy
- Pharmaceutical and Biotechnology
- Food & Beverages
- Feed
- Other Applications
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- BASF SE
- International Flavors & Fragrances, Inc. (DuPont Nutrition)
- Associated British Foods PLC (Wittington Investments Limited)
- Koninklijke DSM N.V.
- Novozymes A/S
- Kerry Group PLC
- Chr. Hansen Holding A/S
- Merck Group
- Sanofi S.A.
- Codexis, Inc.
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Table of Contents
Companies Mentioned
- BASF SE
- International Flavors & Fragrances, Inc. (DuPont Nutrition)
- Associated British Foods PLC (Wittington Investments Limited)
- Koninklijke DSM N.V.
- Novozymes A/S
- Kerry Group PLC
- Chr. Hansen Holding A/S
- Merck Group
- Sanofi S.A.
- Codexis, Inc.
Methodology
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