Marine Enzymes Market Scope
Marine enzymes are obtained from plants, animals, and microorganisms isolated from extreme marine environments. A number of enzymes such as amylase, caseinase, lipase, gelatinase, and DNases have been discovered from isolated from extreme marine environments. These enzymes are thermostable and tolerant to a varied range of pH and other harsh conditions required in industrial applications. Marine enzymes have wide applications in bio-industries.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | BASF SE (Germany), Biotec Pharmacon ASA (Norway), Novozymes (Denmark), Alligator Bioscience (Sweden), DuPont Marine Industry (United States), Biocon (India), Advanced Enzyme Technologies Limited (India), Rossari Biotech (India), AB Enzymes GmbH (Germany) and Amano Enzyme Inc. (United States) |
CAGR | % |
The demand for Marine Enzymes is increasing with each passing day. The businesses in this industry face major competition with leading players in the market which include BASF SE, Biotec Pharmacon ASA, Novozymes, and others. Many international as well as regional providers are also participants in the industry and directly compete with leaders. It has been identified that market-leading players are investing heavily in growth strategies such as technological development, and resource utilization to enhance their market position. The market leaders demonstrate a market-defining vision of how marine enzymes can help top-line business executives achieve their business objectives. Leaders have the ability to execute that vision through both products and services. They have demonstrated solid business results in the form of revenue and earnings. Research Analyst at AMA estimates that Global Players will contribute to the maximum growth of Global Marine Enzymes market throughout the predicted period.
BASF SE (Germany), Biotec Pharmacon ASA (Norway), Novozymes (Denmark), Alligator Bioscience (Sweden), DuPont Marine Industry (United States), Biocon (India), Advanced Enzyme Technologies Limited (India), Rossari Biotech (India), AB Enzymes GmbH (Germany) and Amano Enzyme Inc. (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Marine Enzymes market by Type , by Application (Food and Beverages, Pharmaceutical, Neutraceutical, Cosmetic Industry and Other) and Region with country level break-up.
On the basis of geography, the market of Marine Enzymes has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In August 2022, BASF entered into a binding agreement with Lallemand Inc’s subsidiary, Danstar Ferment AG, to divest the BASF Nutrilife baking enzymes portfolio and business.
In April 2021 BASF SE announced the partnership with Sandoz GmbH, a subsidiary of Novartis, to invest at the Kundl/Schaftenau Campus in Austria. BASF will be able to expand its enzyme and biotechnology manufacturing footprint as a result of this deal. This investment shows that the enzymes and biotechnology industries are important to the company. The Kundl/Schaftenau Campus boasts 75 years of biotechnology experience and infrastructure, which will help BASF to expand its market position. The transaction allows BASF to extend its detergent enzymes manufacturing footprint, enhancing our product line and market leadership position in the Home Care and I&I industries.
In the United States, Food and Drug Administration (FDA) regulates the use of enzymes in various industries, including food, pharmaceuticals, and biotechnology. Marine enzymes used in food processing, dietary supplements, and pharmaceutical applications fall under FDA regulations.
Influencing Trend:
Demand For Cellulosic and Amylase Based Biofuels
Market Growth Drivers:
Adoption of Enzyme-Based Technology, Increasing Demand from Food Industry and Rising Demand for Effective Pharmaceutical and Cosmetics
Challenges:
Growing Concern over Aquatic Environment and Stringent Government Regulations about Aquatic Environment
Restraints:
High Production Cost of the Marine Enzymes and Safety Issues Related To Contamination of Enzymes
Opportunities:
Increasing Usage of Marine Enzymes in Various Industries and Growing Demand from the Pharmaceutical Sector
Key Target Audience
Marine Enzyme Manufacturers, Raw Material Suppliers/ Buyers, Distributors, Government Bodies & Associations and End-user