In a recently published report, Americas Enzymes Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Americas Enzymes Market products.
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It is also anticipated to grow on account of the growing demand for chemicals from the end users, backed by the increasing consumption of chemicals across different industries and the rising need for advanced chemicals. In India, the production of major chemicals and petrochemicals during the period 2020-2021 was close to 12000 thousand MT. Additionally, between the period 2015-16 and 2019-20, the production of the chemicals and petrochemicals in the nation grew at a CAGR of close to 6%.
Americas Enzymes Market is valued approximately at USD 4.65 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 6.7% over the forecast period 2020-2027. Enzymes act as a catalyst in living organisms, regulating the rate at which chemical reaction proceed without itself being altered in the process. Growing consumer awareness regarding significant consumption of dietary requirements and enhanced food quality, product improvement for different applications by protein-engineering and recombinant DNA technology for production of efficient and diverse enzymes and players are expected to boost the demand in market during forecast period. For Instance: in 2018, Amano Enzymes launched PGA 500 to improve the protein solubility at low pH levels, which helped company in gaining strong application demand in food and beverages and nutraceutical sector. However, risk associated with enzymes such as irritation and allergic reactions and lack of standardized regulatory guidelines are expected to impedes the growth of the market over the forecast period of 2020-2027. Also, with the increasing adoption of environment friendly and modern technology coupled with increasing investment in research and development is likely to increase the market growth during the forecast period.
The regional analysis of Americas Enzymes market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the strong presence of key end-use industries like cosmetics, pharmaceutical, laundry detergent and others. Whereas, Central and South America is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising demand for various applications such as diagnostics, paper and pulp, textile and others would create lucrative growth prospects for the Americas Enzymes market across Central and South America region.
Major market player included in this report are:
DuPont Danisco
Amano Enzymes USA Co., Ltd.
Novus International
Associated British Foods plc
Chr. Hansen Holding A/S
Advanced Enzyme Technologies
Enzyme Development Corporation.
Lesaffre Group
Novozymes N.A.
BASF SE
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Source:
Plants
Animals
Microorganisms
By Product:
Carbohydrase
Proteases
Lipases
Polymerases & Nucleases
Others
By Application:
Industrial Enzymes
• Food & Beverages
• Detergents
• Animal Feed
• Biofuels
• Textiles
• Pulp & Paper
• Nutraceuticals
• Personal Care & Cosmetics
• Wastewater
• Others
Specialty Enzymes
• Pharmaceuticals
• Research & Biotechnology
• Diagnostics
• Biocatalyst
By Region:
North America
U.S.
Canada
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Americas Enzymes Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
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The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
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