Industrial Enzymes Market by Application, Source, and Geography - Forecast and Analysis 2023-2027

Published: Feb 2023 Pages: 182 SKU: IRTNTR44390

Industrial Enzymes Market Forecast 2023-2027

The Industrial Enzymes Market size is forecast to increase by USD 2,190.59 million, at a CAGR of 6.26% between 2022 and 2027. The market growth depends on several factors, including increasing demand for food enzymes, increasing demand for cosmetics and personal care products, and increased production of biofuel. 

What will be the Market Size During the Forecast Period?

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Market Dynamics

Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage. 

Key Driver

Increasing demand for cosmetics and personal care products is a major driver boosting the growth of the market. Enzymology, an emerging area in dermatology and cosmetics, focuses on discovering enzymes to enhance skin appearance and prevent problems. Coenzymes support enzyme functions in the skin, promoting a healthy look. Enzymes in cosmetics are used for skin resurfacing, anti-aging, and addressing acne and pigmentation issues. They combat free radicals from pollution and other harmful factors. Superoxide dismutase (SOD) is a crucial protective enzyme against oxidative damage.

Proteolytic enzymes aid protein breakdown, promoting skin absorption and renewal. Other enzymes like diacylglycerol acyltransferase and lysyl/prolyl hydroxylase support skin regeneration and collagen synthesis. Enzymes also act as chemical exfoliants, revealing radiant skin. Growing demand for organic products drives the enzymatic cosmetic market's growth.

Significant Trends

The use of enzymes for second-generation bioethanol is a key trend boosting market growth. The demand for ethanol is influenced by its applications as a chemical feedstock, octane enhancer, and petrol additive. Brazil produces ethanol from cane juice, while the US uses corn. However, using sugar or starch for ethanol production makes the process economically unfavorable compared to fossil fuels. To reduce costs and improve efficiency, the focus is shifting towards utilizing residual lignocellulosic materials.

Moreover, aligned with market trends and analysis, enzymatic conversion of plant biomass, particularly with cellulase and hemicellulase enzymes, offers a cleaner and more viable sugar stream for fermentation. To scale up lignocellulosic ethanol production, technological advancements in biomass conversion and sustainable biomass production are essential. This trend is poised to drive the growth of the market.

Major Challenge

Safety concerns related to the use of industrial enzymes are a key challenge hindering the growth of the market. Enzymes typically present few risks to users due to their catalytic activity, but potential hazards arise from their chemical nature, including allergenicity, residual microbiological activity, activity-related toxicity, and their source. Enzymes, being proteins, can act as allergens, particularly when inhaled as dust, causing severe reactions on re-exposure.

Additionally, liquid enzyme preparations are favored over dry ones to reduce aerosol formation, but spilled enzyme powder must be promptly removed. Protease enzymes pose environmental and health risks, particularly respiratory problems. Regulatory authorities focus on potentially hazardous sources used in enzyme production. Safety concerns may challenge the market and hinder growth during the forecast period.

Market Segmentation by Application, Source, Geography

Application Analysis 

The market share growth of the food and beverage segment will be significant during the forecast period. Industrial enzymes are used in various food industries to provide good-quality products with increased production efficiency. They also help in providing eco-friendly products to consumers by reducing the consumption of energy, water, and raw materials, thereby generating less waste. Carbohydrase is a significant component of the market, and its involvement is expected to expose the market to significant growth owing to its extensive use in animal feed, food and beverages, textile, and pharmaceutical sectors.

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The food and beverage segment accounted for USD 2,037.02 million in 2018 and showed a gradual increase in the market till 2022. Industrial enzymes are extensively used in the food and beverage application segment for the extraction of fruit juice and vegetable juice. They are useful in breaking down pectin, found in the cell walls of plants, as a supporting substance, thereby increasing the quality of juice extracted and reducing fruit waste. Therefore, these factors are expected to augment the demand for industrial enzymes from the food and beverage application segment hence driving the growth of the market in focus during the forecast period.

Source Analysis 

Based on the source, the market is fragmented into microorganisms, animals, and plants. The microorganism segment holds the largest market share based on the source segment. The market for microbial enzymes is expanding as a result of the rising demand for industrial processes that are both economical and environmentally friendly. Additionally, developments in genetic engineering and biotechnology are producing new and improved enzymes with improved characteristics and specificity. The biggest markets for microbial enzymes are in Europe, North America, and Asia-Pacific. The rising demand for eco-friendly products and the presence of major players in these regions are attributed to the augmented demand for microorganisms in the market and drive the growth of the market during the forecast period.

Market Region Analysis

APAC is estimated to contribute 38% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The feed enzymes segment is the key contributor to the growth of the market in North America and is expected to generate a high revenue due to factors such as the increased use of phytase by high dosing and increased investment in better-performing enzymes to enhance the potential of feed enzymes. Furthermore, North America is one of the largest consumers and exporters of meat products. The US accounts for a significant consumption share in the region. With the rise in meat consumption among the upper-middle class, the demand for animal feed enzymes is also expected to increase.

Key Market Companies

Companies are implementing various strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.

  • Jiangsu Boli Bioproducts Co. Ltd. - The company offers industrial enzymes such as Xylanase XM308, Alpha-amylase HA580LFG, Alpha-amylase LIQMEI FD, Alpha-amylase HA 450LFG, Alpha-amylase HA 360LFG, and Glucoamylase SUPERMEI FD.

The market research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including: 

Amano Enzyme Inc., Associated British Foods Plc, Aumgene Biosciences, BASF SE, Chr Hansen Holding AS, Advanced Enzyme Technologies Ltd., Codexis Inc., DuPont de Nemours Inc., Enzymatic Deinking Technologies LLC, F. Hoffmann La Roche Ltd., Jiangsu Boli Bioproducts Co. Ltd., Kerry Group Plc, Koninklijke DSM NV, Merck KGaA, Nature BioScience Pvt. Ltd., Neogen Corp., Novozymes AS, Novus International Inc., The Soufflet Group, and Thermo Fisher Scientific Inc.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Analyst Overview

The Industrial Enzymes Market encompasses a broad spectrum of enzymes utilized in various industries, including the automotive, chemical, cosmetic, pharmaceutical, and food and beverage sectors. Key enzymes include hydrolases such as esterases, lipases, and proteases, which facilitate processes like transesterification, hydrolysis, and degradation of proteins and polysaccharides.

In the food and beverage sector, industrial enzymes play a crucial role in applications like brewing and baking processes. For instance, malt and grain are hydrolyzed using amylases and proteases to produce beer and bread, respectively. Additionally, enzymes like papain and bromelain are employed in the production of functional foods, such as custard and soy sauce, and in the dairy industry for the production of cheese and the creation of enteric coatings for improved product quality and shelf life.

The pharmaceutical industry leverages industrial enzymes for the synthesis of active pharmaceutical ingredients and the production of vaccines. Enzymes like nucleic acid polymerases and proteases are used in the production of nucleotides and protein subunits for therapeutic applications.

Moreover, industrial enzymes are employed in the textiles, cleaning products, and biodiesel industries for processes like textile finishing, detergent production, and biodiesel production. The market for industrial enzymes is driven by factors such as increasing consumer awareness of health and nutrition, the need for sustainable production processes, and the growing demand for functional foods and biofuels.

The global consumption of industrial enzymes is projected to grow significantly in the future, with key applications in the food and beverage, pharmaceutical, and biodiesel industries. The market is expected to be influenced by factors such as population growth, increasing productivity, and the development of new enzyme technologies.

Segment Overview

The market analysis and report forecasts the market growth and forecasting by revenue at global, regional & country levels and provides an analysis of the latest market growth and trends opportunities from 2017 to 2027. 

  • Application Outlook (USD Million, 2017 - 2027)
    • Food and beverage
    • Detergents
    • Animal feed
    • Biofuel
    • Others
  • Application Outlook (USD Million, 2017 - 2027)
    • Microorganisms
    • Animals
    • Plants
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • APAC
      • China
      • India
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • South America
      • Brazil
      • Argentina
      • Chile
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

 

Industrial Enzymes Market Scope

Report Coverage

Details

Page number

182

Base year

2022

Historic period

2017-2021

Market forecasting period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 6.26%

Market growth 2023-2027

USD 2,190.59 million

Market structure

Fragmented

YoY growth 2022-2023(%)

5.48

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 38%

Key countries

US, China, India, Germany, and France

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Amano Enzyme Inc., Associated British Foods Plc, Aumgene Biosciences, BASF SE, Chr Hansen Holding AS, Advanced Enzyme Technologies Ltd., Codexis Inc., DuPont de Nemours Inc., Enzymatic Deinking Technologies LLC, F. Hoffmann La Roche Ltd., Jiangsu Boli Bioproducts Co. Ltd., Kerry Group Plc, Koninklijke DSM NV, Merck KGaA, Nature BioScience Pvt. Ltd., Neogen Corp., Novozymes AS, Novus International Inc., The Soufflet Group, and Thermo Fisher Scientific Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. 

Customization purview

If our market growth analysis report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market forecast between 2023 and 2027
  • Precise estimation of the market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across North America, APAC, Europe, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the market research and growth companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Source
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global industrial enzymes market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global industrial enzymes market 2017 - 2021 ($ million)
    • 4.2 Application Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • 4.3 Source Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Source Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Food and beverage - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Food and beverage - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Food and beverage - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Food and beverage - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Food and beverage - Year-over-year growth 2022-2027 (%)
    • 6.4 Detergents - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Detergents - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Detergents - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Detergents - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Detergents - Year-over-year growth 2022-2027 (%)
    • 6.5 Animal feed - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Animal feed - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Animal feed - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Animal feed - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Animal feed - Year-over-year growth 2022-2027 (%)
    • 6.6 Biofuel - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Biofuel - Market size and forecast 2022-2027 ($ million)
      • Exhibit 47: Data Table on Biofuel - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Chart on Biofuel - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Biofuel - Year-over-year growth 2022-2027 (%)
    • 6.7 Others - Market size and forecast 2022-2027
      • Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.8 Market opportunity by Application
      • Exhibit 54: Market opportunity by Application ($ million)
      • Exhibit 55: Data Table on Market opportunity by Application ($ million)

    7 Market Segmentation by Source

    • 7.1 Market segments
      • Exhibit 56: Chart on Source - Market share 2022-2027 (%)
      • Exhibit 57: Data Table on Source - Market share 2022-2027 (%)
    • 7.2 Comparison by Source
      • Exhibit 58: Chart on Comparison by Source
      • Exhibit 59: Data Table on Comparison by Source
    • 7.3 Microorganism - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Microorganism - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Data Table on Microorganism - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Chart on Microorganism - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Microorganism - Year-over-year growth 2022-2027 (%)
    • 7.4 Animals - Market size and forecast 2022-2027
      • Exhibit 64: Chart on Animals - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Data Table on Animals - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Chart on Animals - Year-over-year growth 2022-2027 (%)
      • Exhibit 67: Data Table on Animals - Year-over-year growth 2022-2027 (%)
    • 7.5 Plants - Market size and forecast 2022-2027
      • Exhibit 68: Chart on Plants - Market size and forecast 2022-2027 ($ million)
      • Exhibit 69: Data Table on Plants - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Chart on Plants - Year-over-year growth 2022-2027 (%)
      • Exhibit 71: Data Table on Plants - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Source
      • Exhibit 72: Market opportunity by Source ($ million)
      • Exhibit 73: Data Table on Market opportunity by Source ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 74: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 75: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 76: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 77: Chart on Geographic comparison
      • Exhibit 78: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 79: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 APAC - Market size and forecast 2022-2027
      • Exhibit 83: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 87: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 91: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 95: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 99: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 103: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 107: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 108: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 109: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 France - Market size and forecast 2022-2027
      • Exhibit 111: Chart on France - Market size and forecast 2022-2027 ($ million)
      • Exhibit 112: Data Table on France - Market size and forecast 2022-2027 ($ million)
      • Exhibit 113: Chart on France - Year-over-year growth 2022-2027 (%)
      • Exhibit 114: Data Table on France - Year-over-year growth 2022-2027 (%)
    • 9.12 India - Market size and forecast 2022-2027
      • Exhibit 115: Chart on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 116: Data Table on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 117: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 118: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 119: Market opportunity by geography ($ million)
      • Exhibit 120: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 121: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 122: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 123: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 124: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 125: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 126: Matrix on vendor position and classification
            • 12.3 Advanced Enzyme Technologies Ltd.
              • Exhibit 127: Advanced Enzyme Technologies Ltd. - Overview
              • Exhibit 128: Advanced Enzyme Technologies Ltd. - Product / Service
              • Exhibit 129: Advanced Enzyme Technologies Ltd. - Key offerings
            • 12.4 Amano Enzyme Inc.
              • Exhibit 130: Amano Enzyme Inc. - Overview
              • Exhibit 131: Amano Enzyme Inc. - Product / Service
              • Exhibit 132: Amano Enzyme Inc. - Key offerings
            • 12.5 Associated British Foods Plc
              • Exhibit 133: Associated British Foods Plc - Overview
              • Exhibit 134: Associated British Foods Plc - Business segments
              • Exhibit 135: Associated British Foods Plc - Key offerings
              • Exhibit 136: Associated British Foods Plc - Segment focus
            • 12.6 Aumgene Biosciences
              • Exhibit 137: Aumgene Biosciences - Overview
              • Exhibit 138: Aumgene Biosciences - Product / Service
              • Exhibit 139: Aumgene Biosciences - Key offerings
            • 12.7 BASF SE
              • Exhibit 140: BASF SE - Overview
              • Exhibit 141: BASF SE - Business segments
              • Exhibit 142: BASF SE - Key news
              • Exhibit 143: BASF SE - Key offerings
              • Exhibit 144: BASF SE - Segment focus
            • 12.8 Chr Hansen Holding AS
              • Exhibit 145: Chr Hansen Holding AS - Overview
              • Exhibit 146: Chr Hansen Holding AS - Business segments
              • Exhibit 147: Chr Hansen Holding AS - Key news
              • Exhibit 148: Chr Hansen Holding AS - Key offerings
              • Exhibit 149: Chr Hansen Holding AS - Segment focus
            • 12.9 Codexis Inc.
              • Exhibit 150: Codexis Inc. - Overview
              • Exhibit 151: Codexis Inc. - Business segments
              • Exhibit 152: Codexis Inc. - Key offerings
              • Exhibit 153: Codexis Inc. - Segment focus
            • 12.10 DuPont de Nemours Inc.
              • Exhibit 154: DuPont de Nemours Inc. - Overview
              • Exhibit 155: DuPont de Nemours Inc. - Business segments
              • Exhibit 156: DuPont de Nemours Inc. - Key news
              • Exhibit 157: DuPont de Nemours Inc. - Key offerings
              • Exhibit 158: DuPont de Nemours Inc. - Segment focus
            • 12.11 Enzymatic Deinking Technologies LLC
              • Exhibit 159: Enzymatic Deinking Technologies LLC - Overview
              • Exhibit 160: Enzymatic Deinking Technologies LLC - Product / Service
              • Exhibit 161: Enzymatic Deinking Technologies LLC - Key offerings
            • 12.12 F. Hoffmann La Roche Ltd.
              • Exhibit 162: F. Hoffmann La Roche Ltd. - Overview
              • Exhibit 163: F. Hoffmann La Roche Ltd. - Business segments
              • Exhibit 164: F. Hoffmann La Roche Ltd. - Key news
              • Exhibit 165: F. Hoffmann La Roche Ltd. - Key offerings
              • Exhibit 166: F. Hoffmann La Roche Ltd. - Segment focus
            • 12.13 Jiangsu Boli Bioproducts Co. Ltd.
              • Exhibit 167: Jiangsu Boli Bioproducts Co. Ltd. - Overview
              • Exhibit 168: Jiangsu Boli Bioproducts Co. Ltd. - Product / Service
              • Exhibit 169: Jiangsu Boli Bioproducts Co. Ltd. - Key offerings
            • 12.14 Kerry Group Plc
              • Exhibit 170: Kerry Group Plc - Overview
              • Exhibit 171: Kerry Group Plc - Business segments
              • Exhibit 172: Kerry Group Plc - Key news
              • Exhibit 173: Kerry Group Plc - Key offerings
              • Exhibit 174: Kerry Group Plc - Segment focus
            • 12.15 Koninklijke DSM NV
              • Exhibit 175: Koninklijke DSM NV - Overview
              • Exhibit 176: Koninklijke DSM NV - Business segments
              • Exhibit 177: Koninklijke DSM NV - Key news
              • Exhibit 178: Koninklijke DSM NV - Key offerings
              • Exhibit 179: Koninklijke DSM NV - Segment focus
            • 12.16 Novozymes AS
              • Exhibit 180: Novozymes AS - Overview
              • Exhibit 181: Novozymes AS - Business segments
              • Exhibit 182: Novozymes AS - Key news
              • Exhibit 183: Novozymes AS - Key offerings
              • Exhibit 184: Novozymes AS - Segment focus
            • 12.17 Thermo Fisher Scientific Inc.
              • Exhibit 185: Thermo Fisher Scientific Inc. - Overview
              • Exhibit 186: Thermo Fisher Scientific Inc. - Business segments
              • Exhibit 187: Thermo Fisher Scientific Inc. - Key news
              • Exhibit 188: Thermo Fisher Scientific Inc. - Key offerings
              • Exhibit 189: Thermo Fisher Scientific Inc. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 190: Inclusions checklist
                • Exhibit 191: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 192: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 193: Research methodology
                • Exhibit 194: Validation techniques employed for market sizing
                • Exhibit 195: Information sources
              • 13.5 List of abbreviations
                • Exhibit 196: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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