The Global Alcohol Enzyme Market accounted for USD 2.3 Billion in 2020 and is expected to reach USD 4.3 Billion by 2027, growing at a CAGR of around 8% between 2021 and 2027.
Alcoholic enzymes are found in organisms. They promote hydrolysis and facilitate the interconversion between alcohols and aldehydes due to the reduction of nicotinamide adenine dinucleotides. They catalyze the conversion of complex molecules in different metabolic reactions. Alcoholic enzymes are very important for industrial processes because they promote yield optimization and improve chemical processes. These enzymes have the ability to meet the increasing industrial product requirements due to their diversity. Alcoholic enzymes find applications in a variety of industries such as pharmaceutical, food and beverage, biofuel production, animal feed, detergents, and biotechnology.
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Market Segments
By Type
- Carbohydrase
- Proteases
- Lipases
- Others
By End-user
- Food & Beverage
- Pharmaceutical
- Chemical
- Cosmetics
- Biofuel
- Others
Key Players
Some of the major players of global Alcohol Enzyme market include Abbott Laboratories, DuPont, Eli Lilly Company, Pfizer, Inc, F. Hoffmann-La Roche Ltd., Amgen, Inc., Merck & Co., Inc., Novozymes, Novartis AG, Bayer AG, Novo Nordisk A/S, Shanghai Zheyang Chemical Co. Ltd., The Soufflet Group and Roqutte Freres among others
Scope of the Report
The research study analyzes the global Alcohol Enzyme industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Alcohol Enzyme Market Report
1. What was the Alcohol Enzyme Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of the Alcohol Enzyme Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Alcohol Enzyme Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Alcohol Enzyme market.
- The market share of the global Alcohol Enzyme market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Alcohol Enzyme market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Alcohol Enzyme market.
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