Enzyme Market Set for Robust Growth: From $9.84 Billion in 2023 to $27.51 Billion by 2035 | Astute Analytica
The global enzyme market was valued at US$ 9.84 billion in 2023 and is projected to achieve a market valuation of US$ 27.51 billion by 2035
CHICAGO, CA, UNITED STATES, September 11, 2024 /EINPresswire.com/ -- The global ๐๐ง๐ณ๐ฒ๐ฆ๐ ๐ฆ๐๐ซ๐ค๐๐ญ1 is on a robust growth trajectory, with a valuation of ๐๐$ ๐.๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ข๐ง ๐๐๐๐ and an anticipated market size of ๐๐$ ๐๐.๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐๐ฒ ๐๐๐๐. This significant expansion represents a compound annual growth rate (๐๐๐๐) ๐จ๐ ๐.๐% during the forecast period from ๐๐๐๐ ๐ญ๐จ ๐๐๐๐.๐๐ก๐ ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ซ๐- https://www.astuteanalytica.com/request-sample/enzymes-market
Enzymes, the biological catalysts crucial for various industrial processes, are witnessing unprecedented demand across multiple sectors, including pharmaceuticals, agriculture, food and beverages, and bioenergy. The market's growth is fueled by the increasing application of enzymes in these industries to enhance efficiency, reduce costs, and meet evolving consumer needs.
๐๐๐ซ๐ค๐๐ญ ๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ
๐๐ซ๐ข๐ฏ๐๐ซ: ๐๐ง๐๐ซ๐๐๐ฌ๐ข๐ง๐ ๐๐๐ฆ๐๐ง๐ ๐๐จ๐ซ ๐๐ข๐จ๐๐ฎ๐๐ฅ๐ฌ ๐๐ฎ๐ ๐ญ๐จ ๐๐ง๐ฏ๐ข๐ซ๐จ๐ง๐ฆ๐๐ง๐ญ๐๐ฅ ๐๐ฎ๐ฌ๐ญ๐๐ข๐ง๐๐๐ข๐ฅ๐ข๐ญ๐ฒ ๐๐ง๐ ๐๐ง๐๐ซ๐ ๐ฒ ๐๐๐๐ฎ๐ซ๐ข๐ญ๐ฒ ๐๐จ๐ง๐๐๐ซ๐ง๐ฌ
There has been an increasing trend in global consumption of biofuels since the need for clean energy sources and energy security leads countries into finding alternatives in the enzyme market. The oil briquettesโ production was 1.5 billion barrel registered in the year 2023, reported by the International Energy Agency, further reiterates the evidence that biofuels are the way towards solving the worldโs energy needs. Enzymes serve as catalysts in biofuel production process, more so, in the hydrolysis of biomass to sugars that can be fermented. The U.S alone, has disbursed $15 billion in biofuel research and development activities, with enzymes being a pivotal part of these innovations. Enzymes have been reported to be used in over 400 operational bioethanol production plants in Brazil, which is one of the biggest producers of bioethanol.
In the 14th Five-Year Plan, China reported the ambitious objective of bioethanol production and consumption reaching 20 million tons by 2025, promoting enzyme technology for that purpose. In addition, the Renewable Directive of the European Union says that 40 million tons of biomass must be used by 2030 which also entails a large fraction to enzymatic processes. Enzymes, particularly cellulases and lipases have grown by over 10 million units in terms of market because of the application in producing biofuels. India, which has all the capabilities to be the fastest growing biofuels market, reported of 200 new projects which were aimed at the development of enzymes for bioethanol.
Conservative policies in the use of fossil fuels, as well as the reduction of greenhouse gases, as a consistent reason for scaffolding the biofuels sector. Enzymes represent a more cost-efficient conversion of biomass to energy potentials for consideration. The biofuels enzyme market stood at $2 billion in the year 2023 in terms of value and is expected to increase to $3 billion by the year 2026. More than 50 countries have also adopted biofuel policies and as a result, it became apparent that different enzymes would help a lot in achieving these sustainability targets. Employing enzymes in biofuel production processes helps to improve performance as well as contributes to countering energy dependence as well as environmental degradation.
๐๐จ๐ฉ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ข๐ง ๐๐ฅ๐จ๐๐๐ฅ ๐๐ง๐ณ๐ฒ๐ฆ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ
โข AB Enzymes GmbH
โข Adisseo
โข Advanced Enzyme Technologies
โข Amano Enzyme, Inc.
โข Associated British Foods Plc
โข BASF SE
โข Chr. Hansen Holding A/S
โข Codexis, Inc.
โข DSM
โข DuPont de Nemours, Inc.
โข F. Hoffmann-La Roche Ltd.
โข Koninklijke DSM N.V.
โข Novozymes A/S
โข Novus International
โข Thermo Fisher Scientific Inc.
โข Other Prominent Players
As industries continue to prioritize sustainability and efficiency, the enzyme market is poised for substantial growth, presenting significant opportunities for stakeholders across the value chain. Companies are investing in research and development to innovate enzyme solutions that cater to emerging needs and drive market expansion.
๐ ๐จ๐ซ ๐ฆ๐จ๐ซ๐ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐จ๐ง ๐ญ๐ก๐ ๐ ๐ฅ๐จ๐๐๐ฅ ๐๐ง๐ณ๐ฒ๐ฆ๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐๐ง๐ ๐ข๐ญ๐ฌ ๐๐ฎ๐ญ๐ฎ๐ซ๐ ๐จ๐ฎ๐ญ๐ฅ๐จ๐จ๐ค, ๐ฉ๐ฅ๐๐๐ฌ๐ ๐๐จ๐ง๐ญ๐๐๐ญ:- https://www.astuteanalytica.com/industry-report/enzymes-market
๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
๐๐ฒ ๐๐ฒ๐ฉ๐
โข Protease
โข Carbohydrase
โข Lipase
โข Polymerase and Nuclease
โข Others
๐๐ฒ ๐๐จ๐ฎ๐ซ๐๐
โข Microorganisms
โข Plants
โข Animals
๐๐ฒ ๐๐๐๐๐ญ๐ข๐จ๐ง ๐๐ฒ๐ฉ๐
โข Hydrolase
โข Oxidoreductase
โข Transferase
โข Lyase
โข Others
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
โข Food and Beverages
โข Household Care
o Bioenergy
o Biofuels
o Bio-chemicals
o Biodiesel
o Biogas
o Others
โข Pharmaceutical and Biotechnology
โข Feed
โข Textiles
โข Pulp & Paper
โข Detergent
โข Nutraceutical
โข Personal Care & Cosmetics
โข Others
๐๐ฒ ๐๐๐ ๐ข๐จ๐ง
โข North America
o The U.S.
o Canada
o Mexico
โข ๐๐ฎ๐ซ๐จ๐ฉ๐
o Western Europe
๏ง U.K.
๏ง Germany
๏ง France
๏ง Spain
๏ง Italy
๏ง Rest of Western Europe
๐จ ๐๐๐ฌ๐ญ๐๐ซ๐ง ๐๐ฎ๐ซ๐จ๐ฉ๐
๏ง Poland
๏ง Russia
๏ง Rest of Eastern Europe
โข ๐๐ฌ๐ข๐ ๐๐๐๐ข๐๐ข๐
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
โข ๐๐ข๐๐๐ฅ๐ ๐๐๐ฌ๐ญ & ๐๐๐ซ๐ข๐๐ (๐๐๐)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
โข ๐๐จ๐ฎ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐
o Argentina
o Brazil
o Rest of South America
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ@- https://www.astuteanalytica.com/request-sample/enzymes-market
๐๐๐จ๐ฎ๐ญ ๐๐ฌ๐ญ๐ฎ๐ญ๐ ๐๐ง๐๐ฅ๐ฒ๐ญ๐ข๐๐:
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