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Global Alcohol Enzyme Market to exceed $3.0 Bn by 2022
Posted: Jul 24, 2017
Zion Market Research has published a new report titled "Alcohol Enzyme Market (Carbohydrase, Proteases, Lipases, and Others) for Industrial and Specialty Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 – 2022". According to the report, global alcohol enzyme market was valued at over USD 1.9 billion in 2016, is expected to reach above USD 3.0 billion by 2022 and is anticipated to grow at a CAGR of slightly above 7.7% between 2016 and 2022.
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Alcohol enzymes are a group of enzymes that facilitate hydrolysis and inter conversion of alcohols and aldehydes. Enzymes act as a catalyst in the conversion of complex compounds to simple compounds in metabolic reactions. They are used as catalysts in the process of conversion of complex molecules in different metabolic reactions. Alcohol enzymes are an imperative part of the industrial process; enzymes help in high yield optimization and enhance chemical processes.
There has been a huge demand for wine and other processed food due to changing lifestyle which in turn has led to the potential growth of alcohol enzymes market.Surging discretional income and easy availability of raw materials for the production of alcohol enzyme is expected to positively impact the growth of alcohol enzymes market in the near future. Also, diverse applications of alcohol enzymes in food & beverage industry, biofuel, cleaning agents are likely to bolster the growth of alcohol enzymes market over the forecast period. Stringent regulation imposed by governing bodies may hinder the growth of alcohol enzymes market. Nonetheless, untapped market of alcohol enzymes in the emerging economies is expected to offer abundant opportunities for alcohol enzymes market over the forecast period.
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Some of the major alcohol enzymes types are carbohydrase, proteases, lipases, and others. Carbohydrase is the major revenue generator segment due to the huge demand in the food industry. Carbohydrase finds a wide range of application in industrial processes and products. Carbohydrase acts as sweetener substitute for sucrose to improve the sensory properties of juices and wines and to reduce lactose in milk. Alcohol enzymes are utilized in industrial and specialty applications such as food & beverage, cleaning agents, biofuel production, pharmaceutical, bio-catalyst and research & biotechnology among others. Among all, food & beverage is the leading segment in the alcohol enzymes market with significant market share.
The alcohol enzymes market was dominated by North America in 2016 and was considered to be the highest revenue generating region. Alcohol enzymes are highly utilized in wine processing. The U.S. wine industry is the second largest globally contributes to the major share in the North American alcohol enzymes market. Moreover, extensive research to widen alcohol enzyme applications to is expected to be the key factor for the immense market in North America over the forecast period. Europe was the second largest market for the alcohol enzymes in 2016.
Emerging economies such as India and China are expected to be the most govern market in the near future due to increasing expenditure ability of the utmost population on the process food and beverages coupled with the rapid expansion of industrial and pharmaceutical sectors in Asia-Pacific. Industrial growth coupled with infrastructural development and government cooperation is anticipated to experience luscious growth in this region. Latin America exhibits lucrative growth over the period of years due to changing lifestyle. The Middle East and Africa consists of abundant of raw sources of alcohol enzymes this factor is expected to propel the growth of the market in the forecast period.
Abbott Laboratories, DuPont, Eli Lilly Company, Pfizer, Inc, F. Hoffmann-La Roche Ltd., Amgen, Inc., Merck & Co., Inc., Novozymes, Novartis AG, Bayer AG, Novo Nordisk A/S, Shanghai Zheyang Chemical Co. Ltd., The Soufflet Group and Roqutte Freres among others are some of the major players in the alcohol enzymes market. Novozymes launched Sanferm Yield which enables distillers to increase their yield with lesser raw materials.
Browse the full "Alcohol Enzyme (Carbohydrase, Proteases, Lipases and Others) " report at https://www.zionmarketresearch.com/report/alcohol-enzyme-market
This report segments the alcohol enzymes market as follows:
Alcohol Enzymes Market: Type Analysis
Alcohol Enzymes Market: Application Analysis
Alcohol Enzymes Market: Regional Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private