Global Marine Enzymes Market 2024-2028
The marine enzymes market is forecasted to grow by USD 54.62 mn during 2023-2028, accelerating at a CAGR of 6.43% during the forecast period. The report on the marine enzymes market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for food enzymes, increased production of biofuel, and increasing demand for cosmetics and personal care products.
Technavio's marine enzymes market is segmented as below:
By Application
- Food and beverages
- Medicine
- Nutraceutical
- Cosmetics
- Others
By Type
- Proteases
- Xylanases
- Pectinase
- Others
By Geography
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the recent advances in enzyme technology as one of the prime reasons driving the marine enzymes market growth during the next few years. Also, advances in protein engineering and the use of marine enzymes and microorganisms for bioethanol production will lead to sizable demand in the market.
The report on the marine enzymes market covers the following areas:
- Marine enzymes market sizing
- Marine enzymes market forecast
- Marine enzymes market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading marine enzymes market vendors that include Advanced Enzyme Technologies Ltd., Air Liquide SA, Antozyme Biotech Pvt. Ltd., ArcticZymes Technologies ASA, BASF SE, BioLume Inc., Creative Enzymes, Dash Corp., Enzymatica AB, Enzyme Supplies Ltd., Kemin Industries Inc., Koninklijke DSM NV, Lallemand Inc., Nagase and Co. Ltd., Novo Nordisk AS, Novozymes AS, and Revelations Biotech Pvt. Ltd.. Also, the marine enzymes market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.