Global Pectinase Market Overview:
Pectinase is an enzyme that breaks down pectin, a polysaccharide that originates in plant cell walls. Generally stated as pectic enzymes, they include pectozyme, pectolyase, and polygalacturonase, the widely used commercial pectinases. It is useful because pectin is the jelly-like matrix that assists cement plant cells together and in which additional cell wall components like cellulose fibrils, are embedded. Therefore, the pectinase enzymes are usually used in procedures including the degradation of plant materials, such as speeding up the extraction of fruit juice from fruit, including sapota and apples. Pectinases have also been used in wine production ever since the 1960s. The function of pectinase in brewing is twofold, first, it assists break down the plant material and so helps the extraction of flavors from the mash. Secondly, the presence of pectin in finished wine causes a slight haze cloudiness. It is used to break this down and so clear the wine.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Advancements in the Biotechnology Sector
Market Growth Drivers:
Increase in Digestion-Related Diseases and High Investment in R&D Activities
Challenges:
Rise in the prices of pectinase can be a big challenge for the global industry growth
Restraints:
Government Stringent Regulations for Approvals
Opportunities:
Rise In Advancement in Food and Textile Industries
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new product launches, and collaborations as their preferred strategies. The players explore new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Novozymes (Denmark), Genencor Biotechnology Company (DuPont) (United States), Amano Enzyme (United States), DSM (Netherlands), AB Enzymes (Germany), Verenium Corporation (BASF) (United States), Shandong Longda Biology Engineering Co., Ltd. (China), Zhangjiagang City Jinyuan Biochemical Co., Ltd. (China), Sunson (China) and Challenge Group (United Kingdom). Additionally, following companies can also be profiled that are part of our coverage like Shanghai Youtell Biochemical Co., Ltd (China) and Shandong Sukahan Bio-Technology Co., Ltd. (China). Analyst at AMA Research see Chinese Players to retain maximum share of Global Pectinase market by 2028. Considering Market by End User Industry, the sub-segment i.e. Food Industry will boost the Pectinase market. Considering Market by Channel, the sub-segment i.e. Direct Sales will boost the Pectinase market.
Latest Market Insights:
In December 2022, Novozymes and Chr. Hansen has agreed to merge. The proposed combination of Novozymes A/S and Chr. Hansen Holding A/S will create a strong bio solutions group with a broad biological toolbox and a diversified portfolio across markets
On 17 Nov 2016, Novozymes, the world’s largest supplier of industrial enzymes, with a market share of 48% globally, obtained land in the Patalganga industrial area near Mumbai, on India’s west coast to expand its operations catering to India and South East Asia markets. The company plans to establish new enzyme production and supply chain facilities and is expected to be ready for operations in 2018. Novozymes expansion will see an initial investment of approximately DKK 300 million (INR 300 crore) (43.54 USD Million) and will employ 150 people, in the first phase.
What Can be Explored with the Pectinase Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Pectinase Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Pectinase
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Pectinase market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Pectinase market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Pectinase Manufacturers, Pectinase Traders/Distributors, Pectinase Importer/Exporter, Regulatory Bodies, Government Bodies, Industry Associations and Downstream Vendors.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.