Global Alcohol Enzymes Market Report and Forecast 2024-2032

Global Alcohol Enzymes Market Outlook

The global alcohol enzymes market stood at a value of around USD 673.52 million in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 5% to reach USD 1,044.84 million by 2032.

Carbohydrase Segment Based on Type Holds a Significant Share in the Global Alcohol Enzymes Industry

Carbohydrase is widely used as a sweetener in the food and beverage industry. The rising applications of carbohydrase in the preparation of sugar syrups, prebiotics, and isomaltulose, among others is likely to be a major factor driving the segment growth. In addition to this, the increasing shift from sucrose to carbohydrase owing to the ability of the product to improve sensory properties of beverages is anticipated to augment the market in the forecast period.

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Further, carbohydrase encompasses diverse enzymes involved in the process of hydrolysis and synthesis of carbohydrates, which is likely to aid the industry in the forecast period.

North America Accounts for a Significant Share in the Global Alcohol Enzymes Industry

The alcohol enzymes industry in North America is driven by the growing research, development, and innovation in the biofuel industry. This is likely to propel the demand for alcohol enzymes in the region in the forecast period. Additionally, the thriving food and beverage industry in the United States and Canada is anticipated to augment the market. Moreover, the expansion of the key market players in the region, which include BASF SE, Creative Enzymes, and others, is anticipated to bolster the market growth in the forecast period of 2024-2032.

Alcohol Enzyme: Market Segmentation

Alcohol enzymes can be defined as the catalyst used in the conversion or break down of complex molecules in different reactions. These enzymes form an important part of various industrial processes as they offer benefits like yield optimisation and speedy chemical processes.

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Based on type, the market can be segmented into:

• Carbohydrases
• Proteases
• Lipases
• Others

On the basis of end user, the market is segmented into:

• Food and Beverage
• Chemical
• Pharmaceutical
• Biofuel
• Cosmetics
• Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Rising Applications of Alcohol Enzymes in Various End Use Industries to Boost the Growth of the Alcohol Enzymes Industry

The alcohol enzymes industry is being driven by the rising applications of alcohol enzymes in the food and beverage, pharmaceutical, cosmetics, and biofuel industries, among others. The rising income levels, increasing population, and strong economic growth in emerging countries are supporting the market expansion. In addition to this, the thriving retail sector and the increasing demand for premium products are anticipated to provide impetus to the market in the forecast period. The emergence of online purchasing platforms and the expansion of major e-commerce giants such as Amazon, Ebay, Alibaba, and others, are likely to increase the sales of various end use products of alcohol enzymes, thus, contributing to the demand for alcohol enzymes in the forecast period.

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Key Industry Players in the Global Alcohol Enzymes Market

The report gives a detailed analysis of the following key players in the global alcohol enzymes market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Biotechnology Research and Information Network AG
• Kerry Group Plc.
• Associated British Foods Plc
• BASF SE
• Creative Enzymes
• Royal DSM
• Novozymes
• Advanced Enzyme Technologies Ltd.
• DuPont de Nemours Inc.
• Laffort
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report