Market Leader: Increase in Popularity of Craft Breweries and Specialty Beers are Driving the Manufacturers to Innovate in the Brewing Enzymes Market
The global brewing enzymes market is projected to reach USD 484.7 million by 2023, at a CAGR of 6.6% from 2018. The brewing enzymes market includes players such as Novozymes (Denmark), DSM (Netherlands), DowDuPont (US), Amano Enzyme (Japan), Chr. Hansen (Denmark), Associated British Foods (UK), Kerry Group (Ireland), Brenntag (Germany), Enzyme Development Corporation (US), Aumgene Biosciences (India), Biocatalysts (UK), and Enzyme Innovation (US).
The use of enzymes has become increasingly important in the brewing industry, as they can accelerate the chemical reaction without undergoing any changes themselves at the end of the reaction. The brewing enzymes that are considered in this report are amylase, beta-glucanase, protease, xylanase, and others which include alpha acetolactate-decarboxylase (ALDC), pectinase, hydrolase, beta-glucosidase, and amyloglucosidase. These enzymes are widely used in the production of beers and wines.
Key players such as Novozymes (Denmark), DSM (Netherlands), DowDuPont (US), Aumgene Biosciences (India), Biocatalysts (UK), Aumgene Biosciences (India), and Kerry Group (Ireland) adopted expansions & investments, new product launches, mergers & acquisitions, and partnerships & agreements with other players to strengthen their business, explore new & untapped markets, expand in local areas of emerging markets, and develop a new customer base for long-term client relationships.
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Novozymes (Denmark)
Novozymes is a biotechnology company and is engaged in the production & marketing of enzymes, microorganisms, and biopharmaceutical ingredients. The company generates revenues from five major segments, namely bioenergy, food & beverages, household care, technical & pharma, and agriculture & feed. Novozymes, through its biopharma business segment, provides healthcare products such as enzymes and bio-based technologies.
The company has a strong presence in the enzymes market. It has been developing products for the dynamic beer market. Beer manufacturers are in need of the best technology and know-how to become even more flexible, efficient, and profitable in the industry. Novozymes invests in innovative technologies in order to expand its customer base in the beer industry. For instance, in November 2016, Novozymes set up a new production facility in India. This helped the company to expand its industrial enzyme business in Southeast Asia.
DSM (Netherlands)
DSM is a firm operational in the fields of life sciences and material sciences. DSM serves global end markets such as food & dietary supplements, personal care, feed, pharmaceuticals, medical devices, automotive, paints, electrical and electronics, life protection, alternative energy, and bio-based materials. The company is headquartered in the Netherlands and has a presence across five continents. Through the years, the company has diversified into markets such as fertilizers, chemicals, and food ingredients. DSM’s nutrition cluster comprises the DSM nutritional products and DSM food specialties segments. These nutrition and food ingredients businesses serve the food, feed, cosmetic, and pharmaceutical industries.
DSM is a major player in the enzymes industry, with a presence that spans across more than 40 locations in over 60 countries. The company has global R&D centers, which constantly innovate new products that add to the company’s profits. DSM has undertaken various expansion and acquisition activities to increase its global market presence. For instance, in April 2017, DSM set up a new biotechnology center in Delft (Netherlands) to expand its R&D capabilities for food & beverage applications.
Related Reports:
Brewing Enzymes Market by Type (Amylase, Beta-glucanase, Protease, Xylanase, ALDC, Pectinase), Application (Beer and Wine), Source (Microbial and Plant), Form (Liquid and Powder), Process, and Region - Global Forecast to 2023
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