The Asia-Pacific industrial enzymes market was valued at USD XX.XX in 2016 and is projected to reach USD XX.XX by 2021, at a CAGR of XX.XX% during the forecast period from 2016 to 2021. This market is driven by the growing diversity of the enzyme applications and niche products, increasing demand from industries in emerging economies, and environmental legislations curbing the usage of several chemicals.
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Enzymes are preferred in various industrial processes as they accelerate chemical reactions while being selective and efficient as well as environment-friendly. The industrial enzyme industry is going through a phase of emergence as well as maturation in various segments.
Enzymes are widely used in emerging and dynamic markets industries, such as biofuels, pharmaceuticals, and food processing. They have been instrumental in better product innovations in markets like household care, textiles, pulp & paper processing as well.
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Market Dynamics of the Asia-Pacific Industrial Enzymes Market:
Used in a large number of applications
Increasing demand from the industries in emerging economies
Stringent environmental norms curbing the usage of chemicals
Volatility and regulatory concerns in the industrial production of enzymes
Concerns regarding the safety and quality of the product for customer acceptance
The Asia-Pacific industrial enzymes market is segmented on the basis of application into (food processing industry (dairy applications, bakery applications, brewing industry, other food applications), household care, pharmaceuticals, biofuels, textiles, leather processing, pulp and paper, and animal feed), on the basis of type (carbohydrases (amylases, cellulases, other carbohydrases), proteases, lipases, and others) and also on the basis of geography (China, India, Japan, and others).
There are 12 major producers and a few hundred minor suppliers in this market. Nearly, 74.0% of the total enzymes are produced by three top enzyme companies, which are Denmark-based Novozymes, U.S.-based DuPont, and Netherlands-based DSM.
Of these, Novozymes is the only company with a pure play approach to enzymes and is the largest global player with an estimated 48.0% of the global share as of 2015. The market is highly competitive, has small profit margins, and is technologically intensive.
Some of the key players in this industry are:
Amano Enzyme Inc.
Dyadic International Inc.
Key Deliverables in the Study:
Market analysis for the Asia-Pacific industrial enzymes market, with region specific assessments and competition analysis.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the Asia-Pacific industrial enzymes market on a regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
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