Asia-Pacific Industrial Enzymes Market
Asia-Pacific industrial enzymes market is expected to reach USD 3,375,428.80 thousand by 2031 from USD 1,964,592.22 thousand in 2023, growing with a substantial CAGR of 7.0% in the forecast period of 2024 to 2031.
Market SegmentationAsia-Pacific Industrial Enzymes Market, By Type (Carbohydrases, Hydrolases, Oxidoreductases, Transferases, Lyases, Isomerases, Polymerase, Nucleases, and Others), Source (Microorganism-Based, Plant-Based, and Animal-Based), Fermentation Technique (Submerged Fermentation and Solid-Substrate Fermentation), Form (Liquid, Dry, Granular, Gel, and Others), Application (Food & Beverages, Detergents, Animal Feed, Personal Care & Cosmetics, Pharmaceutical, Diagnostics & Therapeutic Application, Textiles & Leather, Wastewater Treatment, Paper & Pulp, Biofuel, and Others), Region/ Country (South East Asia, China, South Asia, Japan, South Korea, Australia, New Zealand, and rest of Asia-Pacific) - Industry Trends and Forecast to 2031
Overview of Asia Pacific Industrial Enzymes Market DynamicsDrivers
• Growing diversity of enzyme applications in food and beverage industry
• Rise in demand for enzymes in pharmaceuticals and healthcare industry
• Growing demand for biofuels
Restraints
• Competition from synthetic alternatives
• Difficulty in maintaining enzyme activity and stability
Opportunities
• Innovations and advancements in enzyme engineering and production
• Positive outlook in personal care and cosmetics industry
Challenges
• Fluctuations in raw material supply and high production costs
• Strict regulatory requirements and compliance standards
Market PlayersThe key players operating in the Asia-Pacific industrial enzymes market are:• F. Hoffmann-La Roche Ltd
• Novozymes A/S, part of Novonesis Group
• AB Enzymes
• dsm-firmenich
• Amano Enzyme Inc.
• BASF SE
• Kerry Group plc.
• Adisseo
• Advanced Enzyme Technologies
• Novus International, Inc.
• Tex Bioscienes (P) Ltd.
• Stern Ingredients Asia-Pacific.
• Aumgene Biosciences
• HBI Enzymes Inc.
• Chaoyang Starzyme Bioengineering Co., Ltd
• EnzymeTech Pte Ltd
• HUNAN LERKAM BIOLOGY CORP., LTD.
• Ultreze Enzymes
• Megazyme Ltd. (Acquired by NEOGEN Corporation)
• Creative Enzymes
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