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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 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.
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 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:
On the basis of end user, the market is segmented into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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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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:
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.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global alcohol enzymes market attained a value of nearly USD 673.52 million.
The market is estimated to grow at a CAGR of 5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 1,044.84 million by 2032.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers of the industry, such as the rising applications of alcohol enzymes in significant end use industries, growing industrialisation, and the increasing purchasing power of consumers, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the growing R&D activities in the pharmaceutical industry owing to the rising incidences of chronic diseases.
Carbohydrases, proteases, and lipases, among others are the major types of alcohol enzymes.
Food and beverage, chemical, pharmaceutical, biofuel, and cosmetics, among others are the different end users included in the market report.
The major players in the industry are 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., and Laffort, among others.
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+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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