The global Alcohol Enzymes market was valued at US$ 2012.8 million in 2020 and it is expected to reach US$ 3122.4 million by the end of 2027, growing at a CAGR of 6.4% during 2021-2027.
Alcohol enzymes is an enzyme group that occurs in organisms to facilitate hydrolysis and ease the inter conversion between alcohol and aldehydes due to the reduction of nicotinamide adenine dinucleotide. They are used as catalysts in the process of conversion of complex molecules in different metabolic reactions.
North America is the largest regional market for alcohol enzymes. Rising health concerns and increasing use of cosmetics are considered the key drivers for the growth in demand for alcohol enzymes in the region. Moreover, increasing demand for bio-fuels is expected to further drive the growth of market in this region. Asia Pacific is expected to be the fastest growing region for alcohol enzymes during the forecast period. Rapid industrialization and developing pharmaceutical & biotechnology industries in emerging economies such as India and China is expected to be the key driving factor for the growth of alcohol enzyme market in this region. In addition, favourable business environment coupled with government initiatives to promote usage of bio-fuels is expected to further boost the demand for alcohol enzymes in the region.
Global Alcohol Enzymes Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Alcohol Enzymes Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Advanced Enzyme Technology, ABF PLC., Amano Enzyme, Novozymes A/S, Dyadic International, The Soufflet Group, Roqutte Freres, Shanghai Zheyang Chemical and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-alcohol-enzymes-market-outlook
Segment by Type
Segment by Application
- Food & Beverage
- Bio-fuel Production
- Cleaning Agents
- Animal Feed
Table of Content:
1 Alcohol Enzymes Market Overview
2 Market Competition by Manufacturers
3 Production and Capacity by Region
4 Global Alcohol Enzymes Consumption by Region
5 Production, Revenue, Price Trend by Type
6 Consumption Analysis by Application
7 Key Companies Profiled
8 Alcohol Enzymes Manufacturing Cost Analysis
9 Marketing Channel, Distributors and Customers
10 Market Dynamics
11 Production and Supply Forecast
12 Consumption and Demand Forecast
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
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