Alcohol Enzyme Market Size, Share, Growth Report 2030

Alcohol Enzyme Market: Overview    

The Global Alcohol Enzyme Market accounted for USD 2.3 Billion in 2020 and is expected to reach USD 4.3 Billion by 2028, growing at a CAGR of around 8% between 2021 and 2028.   

Alcohol enzymes are a group of compounds that are used at different levels of the alcohol processing process. Proteins derived from plants, animal tissues, or microorganisms make up this classification. They serve as catalysts in various metabolic reactions, converting complex molecules. Because of their versatility, these enzymes will fulfill the increasing demands of industrial products. The addition of malt to the alcohol processing process has traditionally included enzymes. Using enzymes instead of malt eliminates the need for vast amounts of malt, making it easier to handle and store. In the bioethanol industry, the use of enzymes has resulted in decreased overall energy costs, higher throughput, and improved yield.

The easy availability of raw materials and rising disposable income for the production of alcohol enzymes are expected to have a positive impact on the growth of the alcohol enzymes industry. In addition, numerous applications of alcohol enzymes in biofuel, food & beverage industry, and as cleaning agents are projected to drive the market's growth in the coming years.

COVID-19 Impact Analysis

Due to government-imposed lockdowns to prevent the spreading of COVID, the global Alcohol Enzyme industry has seen a small decrease in sales in the short term. Because of the pandemic, production in various industries and the global supply chain stopped working which has impacted Alcohol Enzyme market growth negatively. Also, as a result of the lockdown, people had to stay indoors which resulted in less consumption of alcohol this in turn affected the global alcohol enzyme market.  However, the global markets are slowly opening to their full potential, and theirs a surge in demand for Alcohol enzymes. The market would remain bullish in the upcoming year. 

The significant decrease in the global Alcohol Enzyme market size in 2020 is estimated on the basis of the COVID-19 outbreak and its negative impact on the economies and industries across the globe. Various scenarios have been analyzed on the basis of inputs from various secondary sources and the current data available about the situation.

Alcohol Enzyme Market: Growth Factors

Numerous applications of alcohol enzymes in biofuel, food & beverage industry, and as cleaning agents are projected to drive the market's growth in the coming years. The easy availability of raw materials and rising disposable income for the production of alcohol enzymes are expected to have a positive impact on the growth of the alcohol enzymes industry. The demand for alcohol enzymes is projected to grow as the population gets younger, disposable income rises, and people choose quality alcoholic beverage goods. The intake of alcohol continues to rise as tourism grows.

Regulations imposed by government agencies can inhibit the growth of the alcohol enzymes market.

Report Scope: 

Type Segment Analysis Preview 

Based on types, the alcohol enzymes market is divided into proteases, carbohydrases, and others including lipases.  Because of the high demand in the food industry, carbohydrase is the most profitable segment of the alcohol enzymes business. Carbohydrase is used in a wide variety of materials and processes. Carbohydrase is a sweetener alternative that improves the sensory qualities of juices and wines while also lowering the lactose content of milk.

Application Segment Analysis Preview 

Alcohol enzymes are used in specialty and industrial applications such as cleaning agents, food & beverage, pharmaceutical, biofuel production, research & biotechnology, and bio-catalyst among others, boosting the alcohol enzymes market. Among all, food & beverage is the dominating sector with significant market share in the alcohol enzymes market.

Alcohol Enzyme Market: Key Players & Competitive Landscape

Some of the major players in the 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

The global Alcohol Enzyme Market is segmented as follows:

By Type

• Carbohydrase
• Carbohydrase
• Proteases
• Lipases
• Others

By Application

• Industrial
• Specialty

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of The Middle East & Africa