FMI Updates Technical Enzymes Market Forecast and Analysis as Corona Virus Outbreak Disturbs Investment Plans

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Technical Enzymes Market Forecast Revised in a
New FMI Report as COVID-19 Projected to Hold a
Massive Impact on Sales in 2029

• May 2020

Report Id REP-GB-11411 Published On
17-April-2020 Category Food and Beverages
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Technical Enzymes Market Analysis
Enhanced emphasis on nutritional quality of food
is propelling the consumption of technical
enzymes in food beverages industry. Moreover,
rising per capita expenditure of consumers is
complementing the growth of technical enzymes
market. Growing uptake of technical enzymes by
pharmaceutical industry for manufacturing
cyclodextrins will contribute substantially to
the revenue pool of market. According to a new
Future Market Insights (FMI) study, the global
technical enzymes market will exhibit a healthy
6.7 CAGR during the projection period
(2020-2030). The market is receiving tailwinds
from various end-use industries such as
detergents, textiles, and pulp paper
industries. Further, role of technical enzymes in
synthesis of biofuels and organic products will
support the market growth through
2030. "Established manufacturers must engage in
product development activities in order to
diversify their end-use applications," concludes
FMI.
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Technical Enzymes Market Analysis

• Key Takeaways of Technical Enzymes Market Study
• Proteases will remain top-selling category
  through the forecast period, accounting for
  majority share in the technical enzymes market.
• Use of technical enzymes in bio-ethanol segment
  will gain traction on the back of heightening
  demand from consumers.
• North America leads the global technical enzymes
  market in view of greater consumer awareness in
  the region.
• Paper pulp segment will witness rising
  consumption of technical enzymes, observing an
  impressive CAGR through 2030.
• Technical Enzymes Market - Key Growth Drivers
• Cost-competitive and environmentally-friendly
  nature of technical enzymes will fuel the demand
  through 2030.
• Sophisticated industrial infrastructure and
  presence of established players in North America
  has augured well for market growth.
• Proliferation of product launches and product
  innovation will boost the sales of technical
  enzymes over the forecast period.

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Technical Enzymes Market Analysis

• Sourcing of technical enzymes from microorganisms
  is gathering impetus, while plant-based enzymes
  will register noteworthy growth.
• Technical Enzymes Market - Key Restraints
• Price fluctuations of raw materials will restrain
  the growth of technical enzymes market during the
  projection period.
• Highly competitive landscape of global technical
  enzymes market will pose significant challenges
  for emerging players to expand their revenue
  share.
• Anticipated Impact of COVID-19 on Technical
  Enzymes Market
• The COVID-19 outbreak has compelled manufacturers
  to revaluate their strategies to face the
  enormous challenges. The enzyme industry has been
  severely affected by the pandemic. The production
  of technical enzymes is hampered by supply chain
  disruption, workforce shortage, and lockdown
  measures amid COVID-19. Rising caseload of
  patients is further adding to the distress of
  globally leading producers.

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Technical Enzymes Market Analysis
The global technical enzymes market will observe
the aftermath of COVID-19 and is projected to
recover through the first half of 2021. Many
small and medium businesses have been shut down
due to the pandemic while top players are
struggling to cope with logistic challenges
brought upon by COVID-19. Competitive Landscape
of Technical Enzymes Market Some of the prominent
players in the global technical enzymes market
that are profiled in the FMI study include, but
are not limited to, Megazyme Inc., BASF SE,
Creative Enzymes, Tex Biosciences, Dyadic
International, Maps Enzymes Limited, Epygen Labs
FZ LLC, Koninklijke DSM N.V., Denykem, Associated
British Foods LLC, E.I. du Pont de Nemours and
Company, Advanced Enzyme Technologies Ltd., and
Novozymes A/S. Mergers and acquisitions form the
key inorganic growth strategy of top producers in
the technical enzymes market. Moreover, leading
players must prioritize research and development
activities to gain competitive ascendancy during
the forecast period. Request for covid19 Impact
Analysis https//www.futuremarketinsights.com/cov
id19/rep-gb-11411
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Technical Enzymes Market Analysis

• More Abouts the Report
• This FMI study of 250 pages provides
  all-inclusive insights on the global technical
  enzymes market. The market analysis is based on
  source (microorganism, plant, and animal),
  application (biofuel, starch, textiles leather,
  and paper pulp), form (liquid, dry), and
  product type (amylases, cellulases, proteases,
  and lipases) across six regions (North America,
  Latin America, Europe, Asia, Oceania, and Middle
  East Africa).
• Source Link https//www.accesswire.com/589669/Mea
  suring-the-Impact-of-COVID-19-Technical-Enzymes-on
  -a-Downswing-Logistical-Challenges-Prevail-Future-
  Market-Insights
• Explore Extensive Coverage of FMI's Food and
  Beverages Landscape
• Cacao Beans Market
• Vitamin Gummies Market
• Fermented Ingredients Market

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Technical Enzymes Market Analysis
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