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.
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 of the various industries and global supply chain stopped working which has impacted on Alcohol Enzyme market growth negatively. Also, as a result of lockdown, people had to stay indoors which has resulted in to 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 of Alcohol Enzyme. The market would remain bullish in 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.
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.
|Historic Years||2016 - 2020|
|Forecast Years||2021 - 2028|
|Segments Covered||By Product Type, By Application, and By End Use|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Quantitative Units||Revenue in USD million/billion and CAGR from 2021 to 2028|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World|
|Countries Covered||U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Number of Companies Covered||10 companies with scope for including additional 15 companies upon request|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
|Customization Scope||Avail customized purchase options to meet your exact research needs.|
Type Segment Analysis Preview
Based on types, the alcohol enzymes market is divided as proteases, carbohydrase, 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.
Key Market Players & Competitive Landscape
Some of the major players of global Alcohol Enzyme market includes 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:
This report is based on in-depth qualitative and quantitative analyses of the global Alcohol Enzyme market. Zion Research has collected and analyzed key data belong to the global Alcohol Enzyme market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.
The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macro economic indicators of the market.
Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Alcohol Enzyme across the world has been calculated through primary and secondary research.
Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc.
For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Alcohol Enzyme industry. Primary research makes up the major source of data collection and validation.
We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:
Participants who typically participate in such a process include, but are not limited to:
Key opinion leaders specializing in different areas corresponding to different industry verticals
Secondary research sources that are typically referred to include, but are not limited to:
News articles, press releases, and webcasts specific to companies operating in the market
Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Alcohol Enzyme market.
Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:
Enzymes are an essential part of the human digestive system as they aid in the breakdown of bulky and insoluble food components into small soluble molecules. These soluble molecules are easily and effectively absorbed by the human digestive system. These enzymes can be classified as carbohydrase, lipase, and protease. Protease breakdown protein molecules and thus improves protein digestion. Similarly, lipase breaks the large lipid into smaller lipids. In addition, carbohydrase breaks down carbohydrates into simple sugar.
Rapid advancement in enzyme technology has led to the high usage of the enzyme in various end user industries such as food & beverage, cleaning agents and among others. This factor is expected to accelerate the growth of the alcohol enzymes market in upcoming years. In addition, surging demand for processed food has strained the manufacturers for the use of enzymes which in turn has assisted the alcohol enzymes market growth. However, several rules and regulations for the production of alcohol enzymes may obstruct the growth of alcohol enzymes in some regions. Nevertheless, the unexploited market in the emerging countries is likely to positively impact on alcohol enzymes market in the upcoming years.
On the basis of types, the alcohol enzymes market can be segmented as carbohydrase, proteases, lipases, and others. Carbohydrase emerged as the potent segment among all owing to escalated utilization of carbohydrase in animal feeds, pharmaceutical, and food and beverages among others. There are two major applications for alcohol enzymes that are industrial and specialty applications. Industrial applications can be further classified as food & beverage, cleaning agents, biofuel production, and others, whereas the specialty applications include pharmaceutical, bio-catalyst and research & biotechnology among others. Food & beverage was the leading segment in 2016 with a significant market share of the alcohol enzymes market.
There has been a sharp rise in health conscious population and cosmetic demand in North America. Thus, North America held the largest market for the alcohol enzymes in 2016. Consumption of alcohol enzymes in food & beverage and cleaning agents in U.S has spurred the growth of alcohol enzymes market in North America. Europe is anticipated to witness significant growth over the coming years owing increase in demand for alcohol enzymes in the past couple of years due to the advent of new drugs implemented in enzyme replacement industry. Asia Pacific is expected to be the fastest growing regional market throughout the forecast period. This growth is supported by India and China owing to rising disposable income and tremendous industrial development. Latin America, Middle East, and Africa are anticipated to witness decent growth in the forecast period.
Some of the global major players in the alcohol enzymes are Abbott Laboratories, DuPont, Eli Lilly Company, Pfizer, Inc, F. Hoffmann-La Roche Ltd., Amgen, Inc., Merck & Co., Inc., Novartis AG, Novozymes Bayer AG, Novo Nordisk A/S, Shanghai Zheyang Chemical Co. Ltd., The Soufflet Group and Roqutte Freres among others. DuPont introduced SPEZYME containing alpha amylase enzymes which offer benefits such as increased yields, sooner fermentation, reduced energy and chemical use, helping producers to overcome challenges including high feedstock and energy costs.
The global Alcohol Enzyme Market was valued at USD 2.3 billion in 2020.
The global Alcohol Enzyme Market is expected to reach USD 4.3 billion by 2028, growing at a CAGR of 8% between 2021 to 2028.
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. These are the key factors driving the global Alcohol Enzyme Market growth
North America dominates the market on account of being the leading consumer for alcohol enzymes. Due to the rapidly increasing alcohol beverage market and biofuel industry in countries like China, Japan, and India, the Asia-Pacific alcohol enzymes market is expected to rise at the highest CAGR during the forecast period.
Some of the major players of global Alcohol Enzyme market includes 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 .
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