Asia-Pacific Industrial Enzymes Market size was around USD 1.54 billion in 2018. It is expected to grow at a CAGR of 6.3% to reach USD 2.1 billion by 2023. It captures 30% of the global market.
Numerous industrial processes prefer enzymes because they accelerate chemical reactions while being selective and efficient and to some extent are environment-friendly. Industrial Enzymes industry is in a phase of emergence. Emerging and dynamic industries like pharmaceuticals, food processing and biofuels are widely using enzymes and they have been integral to innovations in household care, textiles, pulp and paper processing markets.
Rising disposable incomes in emerging economies, rise in demand for biofuel, growth in demand for consumer products, advancements in R&D activities for industrial enzymes and multi-functionality of industrial enzymes are the primary factors driving the growth of this market. Resource optimization and enhanced focus on cost reduction are the secondary factors driving the growth of this market.
Safety and quality of the product for customer acceptance, regulatory concerns in various industries and volatility in industrial production are the primary factors hindering the growth of this market.
The Asia-Pacific Industrial Enzymes market can be categorized into three categories: by Type, by Application, and by source. If we go by Type, Industrial Enzymes market is segmented into Amylases, Cellulases, Proteases, Lipases and Phytases. Proteases is the most commonly used industrial enzymes because of its wider application areas such as beverage, food, detergents, and pharmaceuticals. The demand for cellulases is increasing, because of its increase in industrial application of biofuels. On the basis of application the market is categorized into Food & beverages, Cleaning agents and Animal feed. Last but not the least, on the basis of source market is segmented into microorganism, plant and animal. Microorganism segment commanded the largest market share in 2016. The demand for microorganism worldwide is on the rise when compared to that for plants & animals, because of their predictable and controllable enzyme content. Factors such as presence of harmful materials in plants & animals and reliable supplies of microbes also drive the demand for the microorganism segment.
By geography, the Asia-Pacific Industrial Enzymes market has been categorized into India, China, Japan, Korea and others. It is second largest in terms of market share. China is the leading player in this region. Rising disposable and per capita incomes, augmenting population, increasing healthcare expenditures, increase in awareness of diseases, and rapid growth in technologies are the causes attributable to the observable trend mentioned above.
Major companies in the Industrial Enzymes market are BASF SE (Germany), E.I. du Pont de Nemours and Company (U.S.), Associated British Foods plc (U.K.), Koninklijke DSM N.V. (Netherlands), and Novozymes A/S (Denmark). Other players in this segment include Dyadic International Inc. (U.S.), Advanced Enzyme Technologies Ltd (India), Adisseo (China), Chr. Hansen Holding A/S (Denmark), and Amano Enzyme Inc. (Japan).
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Type
5.1.1 Introduction
5.1.2 Amylases
5.1.3 Cellulases
5.1.4 Proteases
5.1.5 Lipases
5.1.6 Phytases
5.1.7 Others
5.1.8 Y-o-Y Growth Analysis, By Type
5.1.9 Market Attractiveness Analysis, By Type
5.1.10 Market Share Analysis, By Type
5.2 Application
5.2.1 Introduction
5.2.2 Food & Beverages
5.2.2.1 Baked Goods
5.2.2.2 Dairy
5.2.2.3 Others
5.2.3 Cleaning Agents
5.2.3.1 Laundry Detergents
5.2.3.2 Automatic Dishwashing Detergent
5.2.3.3 Others
5.2.4 Animal Feed
5.2.5 Other Enzymes
5.2.6 Y-o-Y Growth Analysis, By Application
5.2.7 Market Attractiveness Analysis, By Application
5.2.8 Market Share Analysis, By Application
5.3 Source
5.3.1 Introduction
5.3.2 Micro-Organisms
5.3.3 Plants
5.3.4 Animals
5.3.5 Y-o-Y Growth Analysis, By Source
5.3.6 Market Attractiveness Analysis, By Source
5.3.7 Market Share Analysis, By Source
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Type
6.1.3.3 By Application
6.1.3.4 By Source
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Type
6.1.4.3 By Application
6.1.4.4 By Source
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Type
6.1.5.3 By Application
6.1.5.4 By Source
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
6.6 Australia
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 BASF SE
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 E. I. Du Pont De Nemours and Company
8.3 Associated British Foods PLC
8.4 Koninklijke DSM N.V.
8.5 Novozymes A/S
8.6 Dyadic International Inc.
8.7 Advanced Enzyme Technologies Ltd
8.8 Adisseo
8.9 Chr. Hansen Holding A/S
8.10 Amano Enzyme Inc.
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
