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Global Alcohol Enzymes Market: By Type: Carbohydrases, Proteases, Lipases, Others; By End User: Food and Beverage, Chemical, Pharmaceutical, Biofuel, Cosmetics, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments
Global Alcohol Enzymes Market Outlook
The global alcohol enzymes market stood at a value of around USD 610.9 million in 2021. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 5.00% to reach USD 818.66 million by 2027.
Carbohydrase Segment Based on Type Holds a Significant Share in the Global Alcohol Enzymes Industry
Carbohydrase is widely used as a sweetener in the food and beverage industry. The rising applications of carbohydrase in the preparation of sugar syrups, prebiotics, and isomaltulose, among others is likely to be a major factor driving the segment growth. In addition to this, the increasing shift from sucrose to carbohydrase owing to the ability of the product to improve sensory properties of beverages is anticipated to augment the market in the forecast period.
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Further, carbohydrase encompasses diverse enzymes involved in the process of hydrolysis and synthesis of carbohydrates, which is likely to aid the industry in the forecast period.
North America Accounts for a Significant Share in the Global Alcohol Enzymes Industry
The alcohol enzymes industry in North America is driven by the growing research, development, and innovation in the biofuel industry. This is likely to propel the demand for alcohol enzymes in the region in the forecast period. Additionally, the thriving food and beverage industry in the United States and Canada is anticipated to augment the market. Moreover, the expansion of the key market players in the region, which include BASF SE, Creative Enzymes, and others, is anticipated to bolster the market growth in the forecast period of 2023-2028.
Alcohol Enzyme: Market Segmentation
Alcohol enzymes can be defined as the catalyst used in the conversion or break down of complex molecules in different reactions. These enzymes form an important part of various industrial processes as they offer benefits like yield optimisation and speedy chemical processes.
Based on type, the market can be segmented into:
- Carbohydrases
- Proteases
- Lipases
- Others
On the basis of end user, the market is segmented into:
- Food and Beverage
- Chemical
- Pharmaceutical
- Biofuel
- Cosmetics
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Rising Applications of Alcohol Enzymes in Various End Use Industries to Boost the Growth of the Alcohol Enzymes Industry
The alcohol enzymes industry is being driven by the rising applications of alcohol enzymes in the food and beverage, pharmaceutical, cosmetics, and biofuel industries, among others. The rising income levels, increasing population, and strong economic growth in emerging countries are supporting the market expansion. In addition to this, the thriving retail sector and the increasing demand for premium products are anticipated to provide impetus to the market in the forecast period. The emergence of online purchasing platforms and the expansion of major e-commerce giants such as Amazon, Ebay, Alibaba, and others, are likely to increase the sales of various end use products of alcohol enzymes, thus, contributing to the demand for alcohol enzymes in the forecast period.
Key Industry Players in the Global Alcohol Enzymes Market
The report gives a detailed analysis of the following key players in the global alcohol enzymes market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Biotechnology Research and Information Network AG
- Kerry Group Plc.
- Associated British Foods Plc
- BASF SE
- Creative Enzymes
- Royal DSM
- Novozymes
- Advanced Enzyme Technologies Ltd.
- DuPont de Nemours Inc.
- Laffort
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, End User, Region |
| Breakup by Type | Carbohydrases, Proteases, Lipases, Others |
| Breakup by End User | Food and Beverage, Chemical, Pharmaceutical, Biofuel, Cosmetics, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Biotechnology Research and Information Network AG, Kerry Group Plc., Associated British Foods Plc, BASF SE, Creative Enzymes, Royal DSM, Novozymes, Advanced Enzyme Technologies Ltd., DuPont de Nemours Inc., Laffort, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Alcohol Enzymes Market Analysis
8.1 Key Industry Highlights
8.2 Global Alcohol Enzymes Historical Market (2018-2022)
8.3 Global Alcohol Enzymes Market Forecast (2023-2028)
8.4 Global Alcohol Enzymes Market by Type
8.4.1 Carbohydrases
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Proteases
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Lipases
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Others
8.5 Global Alcohol Enzymes Market by End User
8.5.1 Food and Beverage
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Chemical
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Pharmaceutical
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Biofuel
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Cosmetics
8.5.5.1 Historical Trend (2018-2022)
8.5.5.2 Forecast Trend (2023-2028)
8.5.6 Others
8.6 Global Alcohol Enzymes Market by Region
8.6.1 North America
8.6.2 Europe
8.6.3 Asia Pacific
8.6.4 Latin America
8.6.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Biotechnology Research and Information Network AG
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Kerry Group Plc.
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Associated British Foods Plc
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 BASF SE
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Creative Enzymes
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Royal DSM
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Novozymes
13.2.7.1 Company Overview
13.2.7.2 Product Portfolio
13.2.7.3 Demographic Reach and Achievements
13.2.7.4 Certifications
13.2.8 Advanced Enzyme Technologies Ltd.
13.2.8.1 Company Overview
13.2.8.2 Product Portfolio
13.2.8.3 Demographic Reach and Achievements
13.2.8.4 Certifications
13.2.9 DuPont de Nemours Inc.
13.2.9.1 Company Overview
13.2.9.2 Product Portfolio
13.2.9.3 Demographic Reach and Achievements
13.2.9.4 Certifications
13.2.10 Laffort
13.2.10.1 Company Overview
13.2.10.2 Product Portfolio
13.2.10.3 Demographic Reach and Achievements
13.2.10.4 Certifications
13.2.11 Others
14 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Alcohol Enzymes Market: Key Industry Highlights, 2018 and 2028
2. Global Alcohol Enzymes Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Alcohol Enzymes Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Alcohol Enzymes Historical Market: Breakup by End User (USD Million), 2018-2022
5. Global Alcohol Enzymes Market Forecast: Breakup by End User (USD Million), 2023-2028
6. Global Alcohol Enzymes Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Alcohol Enzymes Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Alcohol Enzymes Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Alcohol Enzymes Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Alcohol Enzymes Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Alcohol Enzymes Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Alcohol Enzymes Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Alcohol Enzymes Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Alcohol Enzymes Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Alcohol Enzymes Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Alcohol Enzymes Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Alcohol Enzymes Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Global Alcohol Enzymes Market Structure
Key Questions Answered in the Report
In 2021, the global alcohol enzymes market attained a value of nearly USD 610.9 million.
The market is estimated to grow at a CAGR of 5.00% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 818.66 million by 2027.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers of the industry, such as the rising applications of alcohol enzymes in significant end use industries, growing industrialisation, and the increasing purchasing power of consumers, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the growing R&D activities in the pharmaceutical industry owing to the rising incidences of chronic diseases.
Carbohydrases, proteases, and lipases, among others are the major types of alcohol enzymes.
Food and beverage, chemical, pharmaceutical, biofuel, and cosmetics, among others are the different end users included in the market report.
The major players in the industry are Biotechnology Research and Information Network AG, Kerry Group Plc., Associated British Foods Plc, BASF SE, Creative Enzymes, Royal DSM, Novozymes, Advanced Enzyme Technologies Ltd., DuPont de Nemours Inc., and Laffort, among others.
Analyst Review
The global alcohol enzymes market attained a value of USD 610.9 million in 2021, driven by the rising applications of alcohol enzymes in the pharmaceutical industry. Aided by the growing industrialisation, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 5.00%. The market is projected to reach USD 818.66 million by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type, the market is divided into carbohydrases, proteases, and lipases, among others. On the basis of end users, the market is divided into food and beverage, chemical, pharmaceutical, biofuel, and cosmetics, among others. The major regional markets for alcohol enzymes are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Biotechnology Research and Information Network AG, Kerry Group Plc., Associated British Foods Plc, BASF SE, Creative Enzymes, Royal DSM, Novozymes, Advanced Enzyme Technologies Ltd., DuPont de Nemours Inc., and Laffort, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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