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    Alcohol And Starch/Sugar Enzyme Market Size to Grow at a CAGR of 7.3% During the Forecast Period 2021-2026
    (I-BusinessNews.Com, June 19, 2021 ) Alcohol and Starch or Sugar Enzyme Market size in 2020 is estimated to be $2.5 billion, growing at a CAGR of 7.3% during the forecast period 2021-2026. Alcohol and starch/sugar enzymes are highly-selective catalysts that function in metabolic reactions and in the inter conversion of complex molecules to smaller ones. They play a vital role in accelerating chemical processes as well as ensuring yield optimization. Rising demand of alcohol, sugar, and starch from food & beverage industry and rising consumption of alcoholic beverages are the major factors driving the growth of the market. Moreover, increasing technological development and advancement of R&D activities further enhance the overall market demand for alcohol and starch or sugar enzyme during the forecast period 2021-2026.



    Alcohol and Starch or Sugar Enzyme Market Segment Analysis - By Enzyme Type



    Based on the Enzyme Type, Alcohol and Starch or Sugar Enzyme Market is segmented into Carbohydrases, Proteases, Lipases, Others. The Carbohydrases segment is forecast to be the fastest-growing segment and is projected to grow at a CAGR of 6.9% during the forecast period 2021-2026. Carbohydrases has wide application in industrial processes and products, mainly in the food and beverage industry. Moreover, it helps to obtain different types of sugar syrups which are contributing to the growth of this segment.



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    Alcohol and Starch or Sugar Enzyme Market Segment Analysis - By Application



    Based on the Application, Alcohol and Starch or Sugar Enzyme Market is segmented into Food and Beverages, Pharmaceuticals, Cleaning Agents, Bio-Fuel Production, Others. In 2020, food and beverage held the largest share in the Alcohol and Starch or Sugar Enzyme Market. This is mainly owing to increasing demand for alcohol, sugar, and starch enzymes from food & beverage industry for fermentation of food products are contributing to the growth of this segment.



    Alcohol and Starch or Sugar Enzyme Market Segment Analysis - By Geography



    North America dominated the Market share accounting for 39.46% of the market in 2020. This is mainly owing to extensive pharmaceuticals production and biotechnological research in the region and increasing demand for starch/sugar enzymes owing to the introduction of new drugs used in enzyme replacement therapy.



    However, the Asia Pacific region is projected to be the fastest-growing during the forecast period 2021-2026. This is owing to rapid industrialization and development in infrastructure as well as co-operation from local governments.



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    Alcohol and Starch or Sugar Enzyme Market Drivers



    Rising Demand of Alcohol, Sugar, and Starch from Food and Beverage Industry



    Rising demand for alcohol, sugar, and starch enzymes from food & beverage industry for fermentation of food products are some factor driving the market growth of this segment. Moreover, alcohol, sugar, and starch enzymes are extensively used for manufacture of animal feed, bioethanol, and others which are increasing the market growth of alcohol and starch or sugar enzyme.



    Rising Consumption of Alcoholic Beverages



    Rising consumption of alcoholic beverages is a significant factor driving the growth of the market. According to World Health Organization, about 6.4 litres of alcohol are consumed by per person which increases the demand and are contributing to the growth of Alcohol and Starch or Sugar Enzyme Market.



    Alcohol and Starch or Sugar Enzyme Market Challenges



    Stringent government regulations in food and beverage industry are challenging the growth of the market Moreover, restricted temperature and pH operational range of many enzymes are further restraining its market growth during the forecast period 2021-2026.



    During COVID-19 Pandemic, there is a worldwide shutdown of breweries shops, supermarkets that have largely affected the supply of the breweries or alcohols which reduced the sales of liquor. However, the COVID-19 pandemic has led to the declination in the consumption and the production owing to shut down and social distancing actions.



    Alcohol and Starch or Sugar Enzyme Industry Outlook



    Product launches, Merger & Acquisitions, joint ventures and R&D activities are key strategies adopted by players in the Alcohol and Starch or Sugar Enzyme Market. Alcohol and Starch or Sugar Enzyme top 10 companies are ABF PLC, Advanced Enzyme Technology Ltd., Amano Enzyme Inc., Codexis Inc., Dupont DE Nemours and Co. (Dupont) Msds., Dyadic International Inc., Lesaffre, NovozymesA/S, Roquette Freres, and The Soufflet Group.



    Acquisitions/Product Launches:



    On 22 June 2020, Novozymes launched two new enzymes that enable food manufacturers to produce tasty, label-friendly meat alternatives with less salt.



    Key Takeaways



    In 2020, North America dominates the Alcohol and Starch or Sugar Enzyme Market owing to extensive pharmaceuticals production and biotechnological research in the region.



    Rising demand of alcohol, sugar, and starch from food & beverage industry and rising consumption of alcoholic beverages is driving the market growth of alcohol and starch or sugar enzyme.



    Detailed analysis of the Strength, Weakness, and opportunities of the prominent players operating in the market will be provided in the Alcohol and Starch or Sugar Enzyme Market report.



    Stringent government regulations in food and beverage industry are challenging the growth of the market.



    Related Reports :



    A. Brewing Enzymes Market

    https://www.industryarc.com/Report/19260/brewing-enzymes-market.html



    B. Sugar Toppings Market

    https://www.industryarc.com/Research/Sugar-Toppings-Market-Research-504888



    For more Food and Beverage Market reports, please click here



    About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.



    IndustryARC

    Venkat Reddy

    (+1) 970-236-3677

    venkat@industryarc.com

    Source: EmailWire.Com

    Source: EmailWire.com

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