Alcohol Enzyme Market - Global Industry Analysis

Alcohol Enzyme Market (Carbohydrase, Proteases, Lipases and Others) For Industrial And Specialty Applications: Global Industry Perspective, Comprehensive Analysis And Forecast, 2020 – 2028

Published Date: 18-May-2021 Category: Chemical & Materials Report Format : PDF Pages: 150 Report Code: ZMR-1891 Status : Published

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.

Description

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: 

Report Attribute Details
Base Year 2020
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 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

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

Table Of Content

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Type
        • 2.1.1.2. Market Attractiveness Analysis, By Application
        • 2.1.1.3. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Alcohul Enzyme Market, 2016 – 2028 (USD Billion)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Alcohul Enzyme Market – Type Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Type, 2020 & 2028
    • 4.2. Carbohydrase
      • 4.2.1. Market Size and Forecast, By Region (USD Billion)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Proteases
      • 4.3.1. Market Size and Forecast, By Region (USD Billion)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Lipases
      • 4.4.1. Market Size and Forecast, By Region (USD Billion)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.5. Others
      • 4.5.1. Market Size and Forecast, By Region (USD Billion)
      • 4.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.5.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Alcohul Enzyme Market – Application Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Application, 2020 & 2028
    • 5.2. Industrial
      • 5.2.1. Market Size and Forecast, By Region (USD Billion)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Specialty
      • 5.3.1. Market Size and Forecast, By Region (USD Billion)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 6: Alcohul Enzyme Market – Industry Analysis
    • 6.1. Overview
      • 6.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 6.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Billion)
    • 6.2. North America
      • 6.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.2.2. North America Market Revenue, By Type, 2016 – 2028
      • 6.2.3. North America Market Revenue, By Application, 2016 – 2028
      • 6.2.4. U.S.
        • 6.2.4.1. U.S. Market Revenue, By Type, 2016 – 2028
        • 6.2.4.2. U.S. Market Revenue, By Application, 2016 – 2028
      • 6.2.5. Canada
        • 6.2.5.1. Canada Market Revenue, By Type, 2016 – 2028
        • 6.2.5.2. Canada Market Revenue, By Application, 2016 – 2028
      • 6.2.6. Mexico
        • 6.2.6.1. Mexico Market Revenue, By Type, 2016 – 2028
        • 6.2.6.2. Mexico Market Revenue, By Application, 2016 – 2028
    • 6.3. Europe
      • 6.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.3.2. Europe Market Revenue, By Type, 2016 – 2028
      • 6.3.3. Europe Market Revenue, By Application, 2016 – 2028
      • 6.3.4. Germany
        • 6.3.4.1. Germany Market Revenue, By Type, 2016 – 2028
        • 6.3.4.2. Germany Market Revenue, By Application, 2016 – 2028
      • 6.3.5. France
        • 6.3.5.1. France Market Revenue, By Type, 2016 – 2028
        • 6.3.5.2. France Market Revenue, By Application, 2016 – 2028
      • 6.3.6. U.K.
        • 6.3.6.1. U.K. Market Revenue, By Type, 2016 – 2028
        • 6.3.6.2. U.K. Market Revenue, By Application, 2016 – 2028
      • 6.3.7. Italy
        • 6.3.7.1. Italy Market Revenue, By Type, 2016 – 2028
        • 6.3.7.2. Italy Market Revenue, By Application, 2016 – 2028
      • 6.3.8. Spain
        • 6.3.8.1. Spain Market Revenue, By Type, 2016 – 2028
        • 6.3.8.2. Spain Market Revenue, By Application, 2016 – 2028
      • 6.3.9. Rest of Europe
        • 6.3.9.1. Rest of Europe Market Revenue, By Type, 2016 – 2028
        • 6.3.9.2. Rest of Europe Market Revenue, By Application, 2016 – 2028
    • 6.4. Asia Pacific
      • 6.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.4.2. Asia Pacific Market Revenue, By Type, 2016 – 2028
      • 6.4.3. Asia Pacific Market Revenue, By Application, 2016 – 2028
      • 6.4.4. China
        • 6.4.4.1. China Market Revenue, By Type, 2016 – 2028
        • 6.4.4.2. China Market Revenue, By Application, 2016 – 2028
      • 6.4.5. Japan
        • 6.4.5.1. Japan Market Revenue, By Type, 2016 – 2028
        • 6.4.5.2. Japan Market Revenue, By Application, 2016 – 2028
      • 6.4.6. India
        • 6.4.6.1. India Market Revenue, By Type, 2016 – 2028
        • 6.4.6.2. India Market Revenue, By Application, 2016 – 2028
      • 6.4.7. South Korea
        • 6.4.7.1. South Korea Market Revenue, By Type, 2016 – 2028
        • 6.4.7.2. South Korea Market Revenue, By Application, 2016 – 2028
      • 6.4.8. South-East Asia
        • 6.4.8.1. South-East Asia Market Revenue, By Type, 2016 – 2028
        • 6.4.8.2. South-East Asia Market Revenue, By Application, 2016 – 2028
      • 6.4.9. Rest of Asia Pacific
        • 6.4.9.1. Rest of Asia Pacific Market Revenue, By Type, 2016 – 2028
        • 6.4.9.2. Rest of Asia Pacific Market Revenue, By Application, 2016 – 2028
    • 6.5. Latin America
      • 6.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.5.2. Latin America Market Revenue, By Type, 2016 – 2028
      • 6.5.3. Latin America Market Revenue, By Application, 2016 – 2028
      • 6.5.4. Brazil
        • 6.5.4.1. Brazil Market Revenue, By Type, 2016 – 2028
        • 6.5.4.2. Brazil Market Revenue, By Application, 2016 – 2028
      • 6.5.5. Argentina
        • 6.5.5.1. Argentina Market Revenue, By Type, 2016 – 2028
        • 6.5.5.2. Argentina Market Revenue, By Application, 2016 – 2028
      • 6.5.6. Rest of Latin America
        • 6.5.6.1. Rest of Latin America Market Revenue, By Type, 2016 – 2028
        • 6.5.6.2. Rest of Latin America Market Revenue, By Application, 2016 – 2028
    • 6.6. The Middle-East and Africa
      • 6.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.6.2. The Middle-East and Africa Market Revenue, By Type, 2016 – 2028
      • 6.6.3. The Middle-East and Africa Market Revenue, By Application, 2016 – 2028
      • 6.6.4. GCC Countries
        • 6.6.4.1. GCC Countries Market Revenue, By Type, 2016 – 2028
        • 6.6.4.2. GCC Countries Market Revenue, By Application, 2016 – 2028
      • 6.6.5. South Africa
        • 6.6.5.1. South Africa Market Revenue, By Type, 2016 – 2028
        • 6.6.5.2. South Africa Market Revenue, By Application, 2016 – 2028
      • 6.6.5. Rest of Middle-East Africa
        • 6.6.5.1. Rest of Middle-East Africa Market Revenue, By Type, 2016 – 2028
        • 6.6.5.2. Rest of Middle-East Africa Market Revenue, By Application, 2016 – 2028
  • Chapter No. 7: Alcohul Enzyme Market – Industry Analysis
    • 7.1. Introduction
    • 7.2. Market Drivers
      • 7.2.1. Driving Factor 1 Analysis
      • 7.2.2. Driving Factor 2 Analysis
    • 7.3. Market Restraints
      • 7.3.1. Restraining Factor Analysis
    • 7.4. Market Opportunities
      • 7.4.1. Market Opportunity Analysis
    • 7.5. Porter’s Five Forces Analysis
    • 7.6. PEST Analysis
    • 7.7. Regulatory Landscape
    • 7.8. Technology Landscape
    • 7.9. Regional Market Trends
      • 7.9.1. North America
      • 7.9.2. Europe
      • 7.9.3. Asia Pacific
      • 7.9.4. Latin America
      • 7.9.5. The Middle-East and Africa
    • 7.10. Pricing Analysis
    • 7.11. Value Chain Analysis
    • 7.12. Downstream Buyers
    • 7.13. Distributors/Traders List
  • Chapter No. 8: Competitive Landscape
    • 8.1. Company Market Share Analysis – 2019
      • 8.1.1. Global Alcohul Enzyme Market: Company Market Share, 2019
      • 8.1.2. Global Alcohul Enzyme Market, Company Market Revenue, 2016 – 2019 (USD Billion)
      • 8.1.3. Global Alcohul Enzyme Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 8.1.4. Global Alcohul Enzyme Market: Radar Determinant Chart, 2019
    • 8.2. Strategic Developments
      • 8.2.1. Acquisitions & Mergers
      • 8.2.2. New Type Launch
      • 8.2.3. Regional Expansion
    • 8.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 9: Company Profiles
    • 9.1. Abbott Laboratories
      • 9.1.1. Company Overview
      • 9.1.2. Key Executives
      • 9.1.3. Type Portfolio
      • 9.1.4. Financial Overview
      • 9.1.5. Operating Business Segments
      • 9.1.6. Business Performance
      • 9.1.7. Recent Developments
    • 9.2. DuPont
    • 9.3. Eli Lilly Company
    • 9.4. Pfizer, Inc
      • 9.5. F. Hoffmann-La Roche Ltd.
    • 9.6. Amgen, Inc.
    • 9.7. Merck & Co., Inc
    • 9.8. Novozymes
    • 9.9. Novartis AG
    • 9.10. Bayer AG
  • Chapter No. 10: Marketing Strategy Analysis
    • 10.1. Marketing Channel
    • 10.2. Direct Marketing
    • 10.3. Indirect Marketing
    • 10.4. Marketing Channel Development Trends
    • 10.5. Economic/Pulitical Environmental Change
  • Chapter No. 11: Research Methodology
    • 11.1. Research Methodology
    • 11.2. Phase I - Secondary Research
    • 11.3. Phase II - Data Modeling
      • 11.3.1. Company Share Analysis Model
      • 11.3.2. Revenue Based Modeling
    • 11.4. Phase III - Primary Research
    • 11.5. Research Limitations
      • 11.5.1. Assumptions

Table Of Figures

List of Figures 

FIG NO. 1. Market Attractiveness Analysis, By Type
FIG NO. 2. Market Attractiveness Analysis, By Application
FIG NO. 3. Market Attractiveness Analysis, By Region
FIG NO. 4. Global Alcohol Enzyme Market Revenue, 2016 – 2028 (USD Billion)
FIG NO. 5. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 6. Market Revenue Share, By Type, 2020 & 2028 
FIG NO. 7. Global Alcohol Enzyme Market for Carbohydrase, Revenue (USD Billion) 2016 – 2028
FIG NO. 8. Comparative Revenue Analysis of Alcohol Enzyme Market for Carbohydrase, By Country, 2020 & 2028
FIG NO. 9. Global Alcohol Enzyme Market for Proteases, Revenue (USD Billion) 2016 – 2028
FIG NO. 10. Comparative Revenue Analysis of Alcohol Enzyme Market for Proteases, By Country, 2020 & 2028
FIG NO. 11. Global Alcohol Enzyme Market for Lipases, Revenue (USD Billion) 2016 – 2028
FIG NO. 12. Comparative Revenue Analysis of Alcohol Enzyme Market for  Lipases By Country, 2020 & 2028
FIG NO. 13. Global Alcohol Enzyme Market for Others, Revenue (USD Billion) 2016 – 2028
FIG NO. 14. Comparative Revenue Analysis of Alcohol Enzyme Market for Others By Country, 2020 & 2028
FIG NO. 15. Market Revenue Share, By Application, 2020 & 2028 
FIG NO. 16. Global Alcohol Enzyme Market for Industrial, Revenue (USD Billion) 2016 – 2028
FIG NO. 17. Comparative Revenue Analysis of Alcohol Enzyme Market for Industrial, By Country, 2020 & 2028
FIG NO. 18. Global Alcohol Enzyme Market for Specialty, Revenue (USD Billion) 2016 – 2028
FIG NO. 19. Comparative Revenue Analysis of Alcohol Enzyme Market for Specialty, By Country, 2020 & 2028
FIG NO. 20. Global Alcohol Enzyme Market Revenue Share, By Region, 2020 & 2028
FIG NO. 21. North America Alcohol Enzyme Market Revenue, 2016 - 2028 (USD Billion)
FIG NO. 22. Porter’s Five Forces Analysis for Global Alcohol Enzyme Market
FIG NO. 23. PEST Analysis for Global Alcohol Enzyme Market
FIG NO. 24. Pricing Analysis for Global Alcohol Enzyme Market
FIG NO. 25. Value Chain Analysis for Global Alcohol Enzyme Market
FIG NO. 26. Company Share Analysis, 2019
FIG NO. 27. Radar Determinant Chart, 2019
FIG NO. 28. Company Strategic Developments – Heat Map Analysis
FIG NO. 29. Archer Daniels Midland Company Business Segment Revenue Share, 2020 (%)
FIG NO. 30. Archer Daniels Midland Company Geographical Segment Revenue Share, 2020 (%)
FIG NO. 31. Market Channels
FIG NO. 32. Marketing Channel Development Trend
FIG NO. 33. Growth in World Gross Type, 2008-2018
FIG NO. 34. Research Methodology – Detailed View
FIG NO. 35. Research Methodology
 


Table Of Tables

List of Tables 

TABLE NO. 1. Global Alcohol Enzyme Market: Snapshot
TABLE NO. 2. Quarterly Alcohol Enzyme Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Alcohol Enzyme Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion) 
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion) 
TABLE NO. 6. Global Alcohol Enzyme Market for Carbohydrase, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 7. Global Alcohol Enzyme Market for Proteases, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 8. Global Alcohol Enzyme Market for Lipases by Region, 2016 – 2028 (USD Billion)
TABLE NO. 9. Global Alcohol Enzyme Market for Industrial, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 10. Global Alcohol Enzyme Market for Specialty, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 11. Global Alcohol Enzyme Market Revenue, By Region, 2016 – 2028 (USD Billion)
TABLE NO. 12. North America Alcohol Enzyme Market Revenue, By Country, 2016 – 2028 (USD Billion)
TABLE NO. 13. North America Alcohol Enzyme Market Revenue, By Type, 2016 – 2028 (USD Billon)
TABLE NO. 14. North America Alcohol Enzyme Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 15. U.S. Alcohol Enzyme Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 16. U.S. Alcohol Enzyme Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 17. Canada Alcohol Enzyme Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 18. Canada Alcohol Enzyme Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 19. Mexico Alcohol Enzyme Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 20. Mexico Alcohol Enzyme Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 21. Drivers for the Alcohol Enzyme Market: Impact Analysis
TABLE NO. 22. Restraints for the Alcohol Enzyme Market: Impact Analysis
TABLE NO. 23. Major Buyers of Alcohol Enzyme
TABLE NO. 24. Distributors/Traders List of Alcohol Enzyme
TABLE NO. 25. Global Alcohol Enzyme Market, Company Market Revenue, 2016 – 2019 (USD Billion)
TABLE NO. 26: Global Alcohol Enzyme Market, Company Y-o-Y Growth, 2017 – 2019 (USD Billion)   


 

Methodology

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.   

Primary Research

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:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment, and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases, and market reports

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.

Models

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:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage, and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

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.

Global-Alcohol-Enzymes-Market

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. 

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FrequentlyAsked Questions

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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