North America Enzymes Market to Attain 450 KMT in 2024

Enzymes are specialised proteins which act as biocatalysts by speeding up biochemical reactions. During the chemical reaction, they either combine with molecules to form new products or help breakdown the molecules into smaller pieces. In the North America market, enzymes find wide-spread use in sectors like food and beverage, textiles, pharmaceutical, and detergents. In the pharmaceutical industry, enzymes are administered to patients in small doses in highly purified forms. Their application in the sector ranges from addressing the deficiency of enzymes in the body to prompting the healing of wounds by killing off harmful disease-causing micro-organisms. They are also used to diagnose certain diseases.

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In the United States, proteases are leading the enzymes market, finding extensive application in the detergent sector. Almost 80% of the detergents used in the US are enzymatic detergents, which reached a value of USD 13 billion in 2017. Addition of enzymes in the laundry detergents makes cleaning more cost and energy efficient as well as making them more eco-friendly. They help remove the odour and stain-causing bacteria from clothes. Proteases are also added to detergents, which are used to clean medical instruments. They help break down body fluids like blood, and mucous along with tissue into elements that are soluble in water, making the equipment easier to clean.

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Market Analysis by Type, and Region:

• The primary enzyme types used in the market are protease, amylase, lipase and cellulase.
• The detergent market is broadly bifurcated into enzymatic and non-enzymatic detergents.
• The North America enzymes market is divided into Canada and United States of America.

Key Findings of the Report:

• In 2017, the US was the leading consumer and producer of enzymes, making it one of the most significant markets for enzymes.
• With an annual growth of 4.2%, the US enzymes market will reach USD 2.5 billion between 2018 and 2019.
• Rising demand for speciality enzymes in industries like biotechnology and pharmaceutical is driving the enzymes market growth in North America.
• The robust growth of speciality enzymes is balancing out the slower growth of mature segments like industrial enzymes and enzymes used in biofuel production.
• Almost half of the US detergents market was dominated by the liquid detergent sector.

Key Offering of the Report:

• The EMR report offers a market analysis of the global enzymes market by looking into the demand for enzymes by their type and applications.
• The historical (2014-2018) as well as forecasted (2019-2024) markets for enzymes and detergents are offered.
• The report analyses the global trade data of enzymes, looking into the value and volume of the major exporting and importing countries for the year 2018.
• It looks into the demand for enzymes by their types in the North America market.
• It provides the historical (2014-2018) and forecasted (2019-2024) production and consumption of enzymes in North America.
• The report by EMR also looks into the regional production and consumption of enzymes within North America for the periods, (2014-2018) and (2019-2024).
• The report examines the demand for detergents and the regional price trends for the North America Detergent-Grade Enzymes for historical (2014-2018) and future (2019-2024) time periods.

Novozymes North America, Inc, BASF Enzymes LLC, DuPont Co. (Genencer), Archer Daniels Midland Company, DSM Nutritional Products, LLC, Amano Enzymes Corporation, Advanced Enzymes USA, and American Laboratories, Inc. are the key players in the North America enzymes market that are discussed in the report. The report by EMR provides a comprehensive view into the latest developments of the competitive landscape of the North America enzymes industry including plant turnarounds, mergers and acquisitions, and expansions in capacity.

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