Global Plant Enzymes Market, By Application (Industrial Enzymes, Specialty Enzymes), Product (Carbohydrase, Proteases, Lipases), Type (Protease, Carbohydrase, Lipase, Polymerase and Nuclease, Other Types) – Industry Trends and Forecast to 2029.
Plant Enzymes Market Analysis and Size
Advances in enzyme engineering and other technologies have resulted in the expansion of the enzymes market. Furthermore, the depletion of non-renewable resources has increased people's environmental concerns, as has the importance of producing biofuels.
Data Bridge Market Research analyses that the plant enzymes market which was valued at USD 11.82 million in 2021 is expected to reach the value of USD 21.56 million by 2029, at a CAGR of 7.80% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Plant Enzymes Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Application (Industrial Enzymes, Specialty Enzymes), Product (Carbohydrase, Proteases, Lipases), Type (Protease, Carbohydrase, Lipase, Polymerase and Nuclease, Other Types)
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Countries Covered
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U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
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Market Players Covered
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Bayer AG (Germany), BASF SE (Germany), Yara (Norway), Compass Minerals (U.S.), Syngenta Crop Protection AG (Switzerland), ADAMA (Israel), Sumitomo Chemicals Co. Ltd. (Japan), Nufarm (Australia), UPL (India), K+S Aktiengesellschaft (Germany), ICL (Israel)
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Opportunities
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Market Definition
Enzymes are biological molecules or proteins that significantly shorten the response time of nearly all chemical reactions within cells. They can have the ability to act as biological catalysts. They are required for life and carry out many vital bodily functions, including respiration, digestion, muscle and neuron function, and thousands of other tasks. Enzymes help to break down larger complex compounds like glucose into smaller ones that the body can use as fuel.
Global Plant Enzymes Market Dynamics
Drivers
- Growing application from the various end user industries
Enzymes benefit the biotechnological, pharmaceutical, food and beverage industries and the biofuel industry. The increased demand for enzymes in the pharmaceutical industry to synthesize intermediates in active pharmaceutical ingredient (API) production for effective medications is expected to drive the enzymes market forward. Similarly, the ability of an enzyme to convert complex molecules to simpler molecules (starch to glucose) in food and beverage companies, removal of fats and oil stains in the detergent industry, bioethanol for biofuel production, and improved bleaching properties in paper and pulp industries are expected to drive enzyme demand in the coming years.
- A shift towards more protected and precise farming techniques
Increased prevalence of various chronic diseases such as digestive diseases and inflammation, as well as increased demand for renewable energy sources such as biofuels, are all contributing to market growth. Increased awareness about the use of enzymes in protein engineering technology and increased market potential in untapped emerging economies are expected to provide lucrative growth opportunities or market expansion.
Opportunities
The involvement of the state in promoting clean energy could be a significant driver for the plant enzymes market. Furthermore, the emphasis on research and development is bringing innovative products in animal nutrition. The favourable socioeconomic and demographic factors, disposable incomes, and growing livestock concerns, combined with significant commercial improvements, are expected to propel the global plant enzymes market.
Restraints
The high sensitivity of enzymes to temperature, pH handling, and safety issues of enzymes are among the major factors acting as restraints and will further challenge the plant enzymes market during the forecast period.
This plant enzymes market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the plant enzymes market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Plant Enzymes Market
The enzymes market is expected to benefit from the COVID-19 crisis. This is due to an increase in demand for enzymes in nutritional and immunity-boosting products, consumer focus on household care, and in-house food consumption. However, the companies are currently facing challenges due to intermittent supply chain activities and uncertain market conditions due to trade restrictions and lockdowns. This negative impact is expected to be offset by an increase in demand for enzymes in the food and beverage and pharmaceutical industries. As a result of the increased awareness about preventive health and dietary solutions & formulations that support immune health throughout the pandemic phase, the overall impact is expected to remain positive for key industry players.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Plant Enzymes Market Scope
The plant enzymes market is segmented on the basis of application, product and type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Application
- Industrial enzymes
- Speciality enzymes
Product
- Carbohydrase
- Proteases
- Lipases
Type
- Protease
- Carbohydrase
- Lipase
- Polymerase and Nuclease
- Other Types
Plant Enzymes Market Regional Analysis/Insights
The plant enzymes market is analysed and market size insights and trends are provided by country, application, product and type as referenced above.
The countries covered in the plant enzymes market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Europe proved to be the region responsible for the majority of the market's business because of the presence of a large number of market participants.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Plant Enzymes Market Share Analysis
The plant enzymes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to plant enzymes market.
Some of the major players operating in the plant enzymes market are:
- Bayer AG (Germany)
- BASF SE (Germany)
- Yara (Norway)
- Compass Minerals (U.S.)
- Syngenta Crop Protection AG (Switzerland)
- ADAMA (Israel)
- Sumitomo Chemicals Co. Ltd. (Japan)
- Nufarm (Australia)
- UPL (India)
- K+S Aktiengesellschaft (Germany)
- ICL (Israel)
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