June 07, 2021
According to the research report titled ‘Americas Enzymes Market Size study, by Source (Plants, Animals and Microorganisms), Product (Carbohydrase, Proteases, Lipases, Polymerases & Nucleases and Others), Application (Industrial Enzymes and Industrial Enzymes) and Regional Forecasts 2020-2027’, available with Market Study Report LLC, Americas enzymes market was remunerated USD 4.65 billion in 2019 and is anticipated to record 6.7% CAGR over 2020-2027, amassing USD 7.81 billion valuation by the end of the forecast timeframe.
Americas enzymes market growth is driven by rising consumer awareness regarding the importance of dietary requirements and food quality, along with growing emphasis on product improvement for various applications using protein engineering and recombinant DNA technology to produce efficient and diverse enzymes.
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Notably, enzymes serve as a catalyst in In living organisms, and are responsible for regulating the pace at which chemical reactions occur while remaining unaffected in the process.
Elaborating on the negatives, risk related to enzymes like allergic reactions and irritation, along with lack of standard regulatory norms are hampering Americas enzymes market remuneration scope. However, growing adoption of environmentally friendly and modern technologies, as well as increasing investment in research & development are expected to accelerate industry expansion over the forecast period.
As per source type, the industry segmentation comprises microorganisms, animals, and plants. Based on product type, the market is categorized into polymerases & nucleases, lipases, protease, carbohydrase, and others. Moving on to application spectrum, the market is classified into specialty enzymes and industrial enzymes.
Speaking of the geographical ambit, North America presently holds a considerable portion of Americas enzymes market share, attributable to high penetration of major end-use industries such as laundry detergent, pharmaceutical, cosmetics, and others.
Meanwhile, Central and South America industry is anticipated to garner notable returns through 2027, creditable to surging product demand for several applications like textile, paper and pulp, diagnostics, and others.
BASF SE, Novozymes N.A., Lesaffre Group, Enzyme Development Corporation, Advanced Enzyme Technologies Ltd., Chr. Hansen Holding A/S, Associated British Foods plc, Novus International Inc., Amano Enzymes USA Co. Ltd., and DuPont Danisco are the major players impacting Americas enzymes market dynamics.