Global Americas Enzymes Market by Source (Microorganisms, Plants, Animals), by Product (Carbohydrase, Proteases, Lipases) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

In 2020, the Americas enzymes market was valued at USD 4.96 Billion. It is projected to grow at a compound annual rate (CAGR of 7.1%) between 2021 and 2028. The increasing awareness of health among consumers has led to a higher consumption of functional foods. This is expected to positively impact the demand for enzymes during the forecast period. Over the past decade, the market has seen a rise in enzyme demand due to their natural flavor and unique taste. It is used for many purposes, including fruit juice clarification, germination at breweries, cheese production, pre-digestion, tenderization, and germination of baby food. The market will likely see positive changes in the near future due to increased customer awareness, increased food quality, and the increasing consumption of dietary needs.

Enzymes can be extracted from animal organs and plant materials. Manufacturers are now focusing on backward Integration by using appropriate microorganisms for enzyme production and then later using the same to create them commercially. Companies such as Novozymes SE and BASF SE are involved in research and development to create the product for new applications.

Manufacturers are also using modern and environmentally-friendly technologies to personalize the product, distinguish it from its competitors and enhance its properties. Manufacturers prefer on-site manufacturing because it offers many benefits, including downstream processing, warehousing, shipping large quantities of enzymes and stabilizing agents, as well as a lot of benefits. These factors will likely drive the market's growth over the forecast period.

Due to technological advances in the enzyme industry, the market is expected to grow significantly over the forecast period. The production, isolation and purification insoluble enzymes is a common use of enzyme technology. The production of diverse and efficient enzymes is possible using recombinant DNA technology and protein engineering. These enzymes can be used in a variety of specialty applications such as therapeutics, microbiology, diagnostics and biocatalysis.

Source Insights

Microorganisms held a dominant share of the market in terms of revenue with an 85.61% share in 2020. Microorganisms are used in many food production processes, including beer, baked goods, and dairy products. Different types of cheese, including blue and Camembert, are made with fungi-based enzymes. They can also be used in vegetarian recipes, which is a major advantage over animal-sourced enzymes. This will likely boost the segment's growth over the forecast period.

Protease, lipase and cellulase are key enzymes found in plants. Although plant-based enzymes can be found in the human body naturally, cellulase, which is made from bacteria, fungi and protozoans, is not. As it reduces heartburn, indigestion, and reflux, the demand for plant-based enzymes will rise in the future. It also helps to reduce stress in the small intestine through an increase in digestion.

Animal-based enzymes come from the pancreas and stomach of cattle and swine. Consuming meat and eggs can cause bacterial infections, which could hinder market growth. These products can be used to treat conditions such as pancreatic cancer, exocrine and pancreatic insufficiency.

Product Insights

With a 47.52% share in 2020, carboxylase dominated this market. The rising demand for amylases, pectinases, and liquefaction in fruit juice processing is responsible for the dominance of the market with a share of 47.52% in 2020. Cellulase and cellulase as well as lactase and mannanase and pectinase all play a prominent role in many end-use industries such animal feed, food, beverage and pharmaceutical. The segment's growth is expected to be boosted by the increasing use of carbohydrase in the production of sugar.

Many end-use industries use proteases to break down protein, including animal feeds, chemicals, detergents and food. Consumer awareness of the declining nutrition level has resulted in a rise in protein intake, which will lead to an increase in demand for proteases within the food industry during the forecast period. The market growth may be impeded by the potential risks associated with these enzymes, such as allergic reactions and irritation.

Lipases are responsible for the digestion, transport, and processing of dietary lipids such as oils, triglycerides and fats. They are used primarily in biodiesel production. This involves the processing glycerides, fatty acids through transesterification or esterification reactions. Lipase is also cheaper than other enzymes. This has helped to increase the segment's growth.

Application Insights

Industrial chemicals accounted for 54.53% of the market share in 2020. Food and beverages dominated in the industrial enzymes market in 2020. The product's various attributes are responsible for this dominance. It enhances flavor, texture, color, softness, and extends shelf life. Producing special enzyme solutions can help producers achieve higher yields, lower cost, improve the quality of final products, optimize resources and reduce environmental pollution. These factors will drive segment growth during the forecast period.

Research and Biotechnology are two areas where enzymes can be used. They also have health benefits and are widely used in many other industries. Oncology and cancer treatment include the use of oxidase and glutaminase as well as dehydrogenase and deiminase. Different companies have their own R&D centers that focus on commercial processing and the development of new technologies. This sector is expected to grow due to the increasing demand for funding, medical drugs, and extensive research activities.

Products are used in the pharmaceutical industry to kill disease-causing microorganisms, promote wound healing, increase research & development, diagnose diseases, and improve patient care. This has allowed special enzymes to be used for the formulation and delivery drugs. Its use in pharmaceutical applications is expected to be driven by the increasing population, increased awareness of diseases and rising demand from consumers.

Regional Insights

North America held a dominant market share of 85.54%, in 2020. This is due to the strong presence of key industries such as personal care, cosmetics, laundry detergent and food and drink, and the wide range of research and development opportunities in the major countries. Due to increased demand from the dairy and brewing industries, the U.S. dominated North American markets in 2020.

The rising demand for functional foods and dietary fibers is expected to be a key factor in driving carbohydrase sales in the U.S. Canada's personal care market will see significant growth over the forecast period due to the presence of international brands like L'Oreal, Procter & Gamble. The rising demand for digestible enzymes that can be used to increase the nutrition content of feeds is expected to be a key factor driving Mexico's demand for carbohydrase.

Due to rising demand for various applications such as animal feed, textile and paper pulp, the market in Central America and South America will see significant growth. Enzymes can be used to improve the flavor and texture of food items as well as convert starch into simpler sugars, such as those found in bread and pasta. The country's consumption of confectionery and dairy products is also increasing. This will boost market growth over the forecast period.

Market Share Insights & Key Companies

It is an oligopolistic market where more than 70% of the total share is held by Novozymes DSM and DuPont. The market space is dominated by other prominent players like BASF SE and Novus International, Associated British Food plc and Advanced Enzyme Technologies. The majority of the market share is held by American manufacturers, but they have strong global presences.

These leaders have large manufacturing plants and are involved in many research & development activities. These companies are among the most successful in terms of their global footprint, employee count, revenue and clientele. These three major companies are integrated throughout the value chain and provide the best service to the American customers. The following are some of the most prominent players in America's enzymes market:

• Novozymes

• DSM

• DuPont

• BASF SE

• Novus International

• Associated British Foods plc

• Advanced Enzyme Technologies

• Adisseo

Up Market Research published a new report titled “Americas Enzymes Market research report which is segmented by Source (Microorganisms, Plants, Animals), by Product (Carbohydrase, Proteases, Lipases), By Players/Companies DSM, Advanced Enzyme Technologies, Novozymes, Novus International, Adisseo, DuPont, BASF SE, Associated British Foods plc”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Americas Enzymes Market Report Segments:

The market is segmented by Source (Microorganisms, Plants, Animals), by Product (Carbohydrase, Proteases, Lipases).

Americas Enzymes Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Americas Enzymes Market

Overview of the regional outlook of the Americas Enzymes Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Americas Enzymes Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Americas Enzymes Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Microorganisms

                2. Plants

                3. Animals

                1. Carbohydrase

                2. Proteases

                3. Lipases

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Americas Enzymes Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Americas Enzymes Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.