According to the report titled ‘Americas Enzymes Market Size study, by Source (Plants, Animals and Microorganisms), Product (Carbohydrase, Proteases, Lipases, Polymerases & Nucleases and Others), Application (Industrial Enzymes and Industrial Enzymes) and Regional Forecasts 2020-2027’, available with Market Study Report, Americas enzymes market was worth USD 4.65 billion in 2019 and is anticipated to grow at 6.7% CAGR during 2020-2027 to accumulate USD 7.81 billion by the end of forecast period.

 

Rising awareness among the consumers about dietary requirements, focus on augmented food quality, coupled with product improvisation through protein engineering and recombinant DNA tech for effective & diverse enzyme production are impelling the growth of Americas enzymes market.

 

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For those unaware, enzymes act as catalyst to regulate the chemical reaction in living organisms without getting altered themselves. Preference for environment friendly & modern technology, accompanied with extensive investment in research & development are likely to fuel Americas enzyme market growth during the study period.

 

On the contrary, irritation and allergic reactions associated with enzymes, in consort with absence of standardized regulations are expected to hinder the expansion graph of this business domain.

 

Based on source type, Americas enzymes market is segmented as plants, animals, and microorganisms. In terms of product terrain, the market is divided as proteases, lipases, polymerases & nucleases, carbohydrase, and others. Speaking of application ambit, the industry space is widely distributed as industrial enzymes, and specialty enzymes.

 

From regional frame of reference, North America holds sizeable market share presently, due to presence of key application sectors such as pharmaceuticals, cosmetics, laundry detergent, and others. Moreover, Central & South America market is touted to exhibit substantial growth during the forecast period, pertaining to rising product demand for applications such as paper & pulp, diagnostics, textiles, and others.

 

Lastly, Americas enzymes industry competitive framework constitutes of companies, namely, DuPont Danisco Cellulosic Ethanol LLC, Advanced Enzyme Technologies Ltd., Lesaffre Group, Chr Hansen Holding A/S, Amano Enzymes Inc., Novus International Inc., Associated British Foods plc, BASF SE, Novozymes N.A., and Enzyme Development Corporation among others.