In the UK, Allied Market Research has released a new study looking at the global enzyme market through 2020. The increasing use of functional food and beverages (which contain enzymes), increasing demand for cellulosic and amylase biofuels along with effective pharmaceuticals & cosmetics, are some of the key factors that drive the growth of the global enzymes market during the analysis period. Furthermore, the increasing adoption of technology such as protein engineering is significantly fueling the demand for the enzyme market. Factors restraining the market growth are high sensitivity of enzymes to temperature and pH and risk of contamination.
The global enzymes market is segmented based on the application, source, type, reaction type and geography. Based on the applications, the market is segmented into food and beverages, household care, bioenergy, pharmaceutical and biotechnology, feed and others. Based on the source, the market is segmented into three types namely microorganisms, animals and plants. Microorganism segment holds the dominant share in the market due to its easy availability, feasibility for large scale production and cost-effectiveness. Based on the product type, the market is segmented into proteases, carbohydrases, lipases, polymerases & nucleases and others. Based on the reaction type, the market is segmented into hydrolases, oxidoreductases, transferases, lyases and others.