LAMEA 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 Latin America, Middle East and Africa Enzymes Market would witness market growth of 9.33% CAGR during the forecast period (2021-2027). Catalytic hydrolysis of starch requires amylase and cellulase in order to create sugar. The growth of the global enzymes market would be driven by the rising utilization of carbohydrases as an ingredient and a processing help in sugar production. Other usages of carbohydrases are in animal feed, paper, pharmaceutical, textile, and biofuels. Rising nutraceutical and pharmaceutical industries in countries like India and China would boost the demand for carbohydrases in sugar production during the forecast years.
Lipases are massively utilized for the catalytic hydrolysis of fats or lipids. They are utilized for digesting, transporting, and processing dietary lipids like fats, oils, and triglycerides. Lipases are highly used in the food industry (cheese and yogurt fermentation), baking, detergents, and production of biofuels. Lipase is significantly utilized for biodiesel production, which includes the processing of glycerides and fatty acids with the help of esterification and transesterification reactions.
Plant-based enzymes are obtained from plants, for example, bromelain is extracted from pineapple and papain from papaya. Main enzymes are found in plants including cellulase, amylase, lipase, and protease. Amylase helps the human body in breaking down of and subsequent absorption of starch and carbohydrates. Protease assists in the breakdown of proteins that are present in fish, poultry, meat, nuts, eggs, and cheese. There is a high content of cellulase in plant-based sources as it does not happen automatically in the human body while lipases help in the digestion of fats.
The Brazil market dominated the LAMEA Pharmaceutical and Biotechnology Market by Country 2020, growing at a CAGR of 9 % during the forecast period. The Argentina market would witness a CAGR of 9.4% during (2021 - 2027). Additionally, The UAE market is experiencing a CAGR of 11% during (2021 - 2027).
The Microorganisms market dominated the South Africa Enzymes Market by Source 2020, thereby, achieving a market value of $52.2 million by 2027. The Animals market is estimated to grow at a CAGR of 11% during (2021 - 2027). Additionally, The Plants market is expected to witness highest CAGR of 11.5% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Enzymes Market is Predict to reach $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
- Saudi Arabia
- South Africa
- Rest of LAMEA
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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