Asia Pacific Enzymes Market By Source (Animals, Plants and Microorganisms), By Type (Protease, Carbohydrase, Lipase, Polymerase and Nuclease and Other Types), By Reaction Type (Transferase, Lyase, Hydrolase, Oxidoreductase and Other Reaction Types), By Application (Household Care, Bioenergy, Pharmaceutical and Biotechnology, Food & Beverages, Feed and Other Applications), By Country, Growth Potential, Industry Analysis Report and Forecast, 2021 - 2027
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Market Report Description
The Asia Pacific Enzymes Market would witness market growth of 8.83% CAGR during the forecast period (2021-2027). The manufacturing process has a crucial role in evaluating the quality and quantity of the enzymes. The market growth is boosted by the partnerships regarding fair trade practices and production. On the other hand, regional jurisdiction and regulatory situation are expected to be the major limitations for the market.
The enzymes are increasingly important in the development and production of nutritious food & beverage items. Specialized enzymes solutions and proprietary items are utilized in the processing of fats & oils, protein, fruit & vegetable, grains, cheese along with various other industries like dairy, baking, brewing, and cereal extraction. Customized solutions assist food makers to generate higher yields, improve the quality of final items, reduce costs, maximize resources, decrease wastage, and decrease the environmental pollution.
The enzymes market is supplemented by the rising funding in R&D activities for the development of new medicine and diagnostic solutions. The product demand would be boosted by the rising demand for medicinal drugs, robust investment, and comprehensive R&D activities. R&D facilities of various companies aim for assessment, development, upscaling, validation of technologies, and advanced enzyme formulation for commercial processing and human welfare. These research facilities have created proficiency in the cloning of industrial enzymes in secure and appropriate microbial hosts.
The China market dominated the Asia Pacific Oxidoreductase Market by Region 2020, and would continue to be a dominant market till 2027. The Japan market is showcasing a CAGR of 7.5% during (2021 - 2027). Additionally, The India market is anticipated to witness a CAGR of 9.1% during (2021 - 2027).
The Food & Beverages market dominated the Malaysia Enzymes Market by Application in 2020, thereby, achieving a market value of $75.6 million by 2027. The Household Care market is expected to witness highest CAGR of 10.2% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Enzymes Market is Projected to reach USD 13.2 Billion by 2027, at a CAGR of 8%
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:
- Polymerase and Nuclease
- Other Types
By Reaction Type
- Other Reaction Types
- Household Care
- Pharmaceutical and Biotechnology
- Food & Beverages
- Other Applications
- South Korea
- Rest of Asia Pacific
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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