Americas Enzymes Market: Carbohydrase Dominated With A Revenue Share

 Americas Enzymes Industry Overview

The Americas enzymes market size is expected to reach USD 8.62 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.1% from 2021 to 2028. The growth can be attributed to the rising demand for proteases and carbohydrase in food and beverage applications in the North American region, especially in the U.S. The increasing demand for specialty enzymes in numerous applications, such as diagnostics, pharmaceutical, research, and biotechnology, is anticipated to trigger market growth in the near future. Furthermore, the growing awareness about the application of enzymes in protein engineering technology and high opportunities in emerging economies are anticipated to positively impact the market demand.

 

With the emergence of technologies such as genetic engineering, key manufacturers have a choice of producing the required amounts of enzymes in specific production hosts such as transgenic plants and microorganisms. The market players are inclined toward backward integration by using suitable microorganisms including fungi, yeast, and bacteria to produce enzymes and further utilize the same for production on a commercial scale.

Carbohydrase is widely used as a catalyst to convert carbohydrates into sugar syrup, including glucose and fructose, in the pharmaceutical and food and beverage sectors. The growing use of carbohydrase as an ingredient and a processing aid in sugar production is expected to augment the segment growth over the forecast period. Enzymes play a significant role in developing healthy food and beverage products. Rising consumer preference for a nutritional diet, along with encouraging government initiatives for promoting industrial growth in emerging economies, such as Brazil, is expected to positively impact the growth of the food and beverage sector.

North America emerged as the prominent regional market for enzymes in 2020 due to a strong presence of key end-use industries, including personal care and cosmetics, pharmaceuticals, laundry detergent, and food and beverage, along with a wide scope for research & development activities in the major countries of the region. The demand for specialty enzymes in the U.S. is expected to be driven by the presence of prominent participants of the pharmaceutical sector, such as Pfizer, Inc., Amgen, Inc., and Merck KGaA, in the country.

The market is oligopolistic owing to the presence of key companies, such as Novozymes, DSM, and DuPont, dominating the market. Enzyme manufacturers are focusing on improving their enzyme solutions and enhancing their manufacturing capabilities to distinguish products and gain greater market shares. The market players distribute their products via different modes of channels, such as third-party supply agreements, online portals, and direct supply. The market players are focusing on expanding their manufacturing units and production capacities, thereby expected to benefit the production level of enzymes over the forecast period.


Americas Enzymes Market Segmentation

Grand View Research has segmented the Americas enzymes market on the basis of source, product, application, and region:

Based on the Source Insights, the market is segmented into Plants, Animals, and Microorganisms.

  • The demand for plant-based enzymes is anticipated to rise over the forecast period as it helps to reduce indigestion, heartburn, and reflux. Furthermore, it helps in reducing the stress on the small intestine by improving the digestion rate.

 

  • Animal-based enzymes are obtained from the stomach and pancreas of swine and cattle. The consumption of meat or eggs may cause bacterial infections in some consumers, which may hamper the market growth. However, these products are useful for treating conditions, such as pancreatic cancer, pancreatitis, and exocrine pancreatic insufficiency, which is anticipated to fuel their demand in the pharmaceutical sector.

 

Based on the Product Insights, the market is segmented into Carbohydrase, Protease, Lipases, Polymerases & Nucleases, and Others.

  • carbohydrasedominated the market with a share of 47.52% in 2020. This is attributed to the rising demand for amylases and pectinases in fruit juice processing for maceration, liquefaction, and clarification to enhance the quantity and quality of the product. Amylase, cellulase, lactase, mannanase, and pectinase are the prominent carbohydrase used in several end-use industries, such as animal feed, food and beverage, and pharmaceutical. 

 

  • Lipases are used for digesting, transporting, and processing dietary lipids, such as triglycerides, oils, and fats. They are majorly used for biodiesel production, which involves the processing of glycerides and fatty acids via transesterification and esterification reactions. 

 

Based on the Application Insights, the market is segmented into Industrial Enzymes, and Specialty Enzymes.

  • Industrial enzymesheld the largest share of 54.53% in 2020. In the industrial enzymes segment, food and beverages dominated the market in 2020. This is attributed to the various attributes associated with the product. It promotes flavor enhancement, improves texture and color, provides softness, and ensures longer shelf life.

 

  • The important applications of products in the pharmaceutical sector include killing disease-causing microorganisms, promoting wound healing, increasing research & development, and diagnosing diseases. This has made it possible for specialty enzymesto be used in the formulation and delivery of drugs. 

 

Key Companies & Market Share Insights

The market is oligopolistic wherein more than 70.0% of the overall share is taken by Novozymes, DSM, and DuPont. Other prominent players such as BASF SE, Novus International, Associated British Food plc, and Advanced Enzyme Technologies account for a comparatively less share in the marketspace. The manufacturers holding a majority share are based out of America, however, have a strong presence across the globe.

The leaders are well equipped with large manufacturing facilities and are engaged in several research & development activities. These players are considered among the largest companies in terms of employee count, revenue, clientele base, and global footprint. The major three companies are well integrated across the value chain and serve the customers of the American region with the utmost efficiency. Some prominent players in the Americas enzymes market include:

  • Novozymes
  • DSM
  • DuPont
  • BASF SE
  • Novus International
  • Associated British Foods plc
  • Advanced Enzyme Technologies
  • Adisseo

 

Order a free sample PDF of the Americas Enzymes Market Intelligence Study, published by Grand View Research.

 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

 

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