Market Overview:
The global fungal enzyme market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for food and beverage products, pharmaceutical and biomedicine products, feed nutrition products, agricultural products, and industrial products. Fungal enzymes are used in various applications such as food & beverage processing, pharmaceuticals & biomedicine manufacturing, feed production, agriculture production (including biofuel), and industrial processes such as textile processing. The North America region is expected to dominate the global fungal enzyme market during the forecast period owing to the presence of key players in this region and rising demand for processed foods.
Product Definition:
A fungal enzyme is an enzyme that is produced by a fungus. Fungal enzymes are important for the growth and development of fungi, and they can also be used to produce bioproducts.
Alpha-Amylase:
Alpha-amylase is an enzyme that catalyzes the hydrolysis of alpha bonds present in both cellulosic and non-cellulosic polymers. Alpha amylase finds application in various end-use industries such as food & beverages, paper & pulp, biotechnology, animal feed and detergents.
Cellulase:
Cellulase is an enzyme that helps in the digestion of cellulosic material. Cellulose is a natural polymer and an important structural component in plants and some bacteria. Cellulase acts as a catalyst to digest the cellulose which makes it possible for fungi to absorb nutrients from host plants or other microorganisms. The most common form of cellulases are classified into two groups, namely, angiogenic and non-angiogenic based on their functions.
Application Insights:
The food and beverage application segment led the global market in 2017. The product finds a wide range of applications in this sector, including sauces, salad dressings, toppings for ice cream and yogurt, ketchup and other sauces for fast foods & casual restaurants. Alpha-amylase is used to improve the quality of starch hydrolysis products such as dextrins which are used as ingredients in food manufacturing. Cellulose is also degraded into smaller components making it easier for human digestive system to absorb nutrients from foodstuffs. This process also helps reduce flatulence caused due to short chain fatty acids (SCFA).
Regional Analysis:
North America dominated the global market in 2017. The growth is attributed to the presence of a large number of key players, high awareness levels regarding health and hygiene, and easy access to quality products. Asia Pacific is expected to witness lucrative growth over the forecast period owing to increasing product demand from various end-use industries such as food & beverage, pharmaceuticals, agriculture & horticulture, biofuels production along with rapid urbanization and industrialization in this region.
The growing population coupled with rising disposable income has led to an increase in consumer spending on food items which will drive industry expansion over the forecast period.
Growth Factors:
- Increasing demand for biofuels: The increasing demand for biofuels is one of the major growth drivers for the global fungal enzyme market. Fungal enzymes are used in the production of bioethanol and biodiesel, which is further fuelling the growth of this market.
- Rising awareness about benefits of using fungal enzymes: There is a growing awareness among consumers about the benefits of using fungal enzymes. This is helping to drive the growth of this market.
- Growing demand from food and beverage industry: The food and beverage industry accounts for a significant share in the global fungal enzyme market. The rising demand from this sector is contributing to its growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Fungal Enzyme Market Research Report
By Type
Alpha-Amylase, Cellulase, Lipase, Lactase, Others
By Application
Food & Beverage, Pharmaceutical & Biomedicine, Feed Nutrition, Agricultural, Industrial, Others
By Companies
Novozymes A/S, DSM, Chr. Hansen, DuPont, BASF, Advanced Enzymes, AB Enzymes, Novozymes A/S
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Fungal Enzyme Market Report Segments:
The global Fungal Enzyme market is segmented on the basis of:
Types
Alpha-Amylase, Cellulase, Lipase, Lactase, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food & Beverage, Pharmaceutical & Biomedicine, Feed Nutrition, Agricultural, Industrial, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Novozymes A/S
- DSM
- Chr. Hansen
- DuPont
- BASF
- Advanced Enzymes
- AB Enzymes
- Novozymes A/S
Highlights of The Fungal Enzyme Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Alpha-Amylase
- Cellulase
- Lipase
- Lactase
- Others
- By Application:
- Food & Beverage
- Pharmaceutical & Biomedicine
- Feed Nutrition
- Agricultural
- Industrial
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fungal Enzyme Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A fungal enzyme is a protein that catalyzes the chemical reaction between two molecules. Fungal enzymes are found in many different types of fungi, including mushrooms and molds. These enzymes help fungi to digest food or to break down other materials.
Some of the major companies in the fungal enzyme market are Novozymes A/S, DSM, Chr. Hansen, DuPont, BASF, Advanced Enzymes, AB Enzymes, Novozymes A/S.
The fungal enzyme market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fungal Enzyme Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Fungal Enzyme Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fungal Enzyme Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Fungal Enzyme Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Fungal Enzyme Market Size & Forecast, 2018-2028
4.5.1 Fungal Enzyme Market Size and Y-o-Y Growth
4.5.2 Fungal Enzyme Market Absolute $ Opportunity
Chapter 5 Global Fungal Enzyme Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Fungal Enzyme Market Size Forecast by Type
5.2.1 Alpha-Amylase
5.2.2 Cellulase
5.2.3 Lipase
5.2.4 Lactase
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Fungal Enzyme Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Fungal Enzyme Market Size Forecast by Applications
6.2.1 Food & Beverage
6.2.2 Pharmaceutical & Biomedicine
6.2.3 Feed Nutrition
6.2.4 Agricultural
6.2.5 Industrial
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fungal Enzyme Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Fungal Enzyme Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Fungal Enzyme Analysis and Forecast
9.1 Introduction
9.2 North America Fungal Enzyme Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Fungal Enzyme Market Size Forecast by Type
9.6.1 Alpha-Amylase
9.6.2 Cellulase
9.6.3 Lipase
9.6.4 Lactase
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Fungal Enzyme Market Size Forecast by Applications
9.10.1 Food & Beverage
9.10.2 Pharmaceutical & Biomedicine
9.10.3 Feed Nutrition
9.10.4 Agricultural
9.10.5 Industrial
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Fungal Enzyme Analysis and Forecast
10.1 Introduction
10.2 Europe Fungal Enzyme Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Fungal Enzyme Market Size Forecast by Type
10.6.1 Alpha-Amylase
10.6.2 Cellulase
10.6.3 Lipase
10.6.4 Lactase
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Fungal Enzyme Market Size Forecast by Applications
10.10.1 Food & Beverage
10.10.2 Pharmaceutical & Biomedicine
10.10.3 Feed Nutrition
10.10.4 Agricultural
10.10.5 Industrial
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Fungal Enzyme Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Fungal Enzyme Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Fungal Enzyme Market Size Forecast by Type
11.6.1 Alpha-Amylase
11.6.2 Cellulase
11.6.3 Lipase
11.6.4 Lactase
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Fungal Enzyme Market Size Forecast by Applications
11.10.1 Food & Beverage
11.10.2 Pharmaceutical & Biomedicine
11.10.3 Feed Nutrition
11.10.4 Agricultural
11.10.5 Industrial
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Fungal Enzyme Analysis and Forecast
12.1 Introduction
12.2 Latin America Fungal Enzyme Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Fungal Enzyme Market Size Forecast by Type
12.6.1 Alpha-Amylase
12.6.2 Cellulase
12.6.3 Lipase
12.6.4 Lactase
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Fungal Enzyme Market Size Forecast by Applications
12.10.1 Food & Beverage
12.10.2 Pharmaceutical & Biomedicine
12.10.3 Feed Nutrition
12.10.4 Agricultural
12.10.5 Industrial
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Fungal Enzyme Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Fungal Enzyme Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Fungal Enzyme Market Size Forecast by Type
13.6.1 Alpha-Amylase
13.6.2 Cellulase
13.6.3 Lipase
13.6.4 Lactase
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Fungal Enzyme Market Size Forecast by Applications
13.10.1 Food & Beverage
13.10.2 Pharmaceutical & Biomedicine
13.10.3 Feed Nutrition
13.10.4 Agricultural
13.10.5 Industrial
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Fungal Enzyme Market: Competitive Dashboard
14.2 Global Fungal Enzyme Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Novozymes A/S
14.3.2 DSM
14.3.3 Chr. Hansen
14.3.4 DuPont
14.3.5 BASF
14.3.6 Advanced Enzymes
14.3.7 AB Enzymes
14.3.8 Novozymes A/S
