Alcohol enzymes market is poised for high growth owing to a variety of industrial applications which include food & beverages, biofuels and cleaning agent production. These enzymes have the potential to satisfy growing industrial product requirements owing to versatile applications which results in tremendous application scope. Rapid expansion of industrial and pharmaceutical sectors in Asia Pacific is expected to be a key driver for alcohol enzymes market growth in the region. Industrial growth coupled with infrastructural development and government co-operation is further expected to result in the region witnessing high demand.
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Increasing wine consumption on account of health benefits is expected to augment alcohol enzymes demand in wine processing over the forecast period. U.S. wine industry being second largest globally, contributes to lions share in the North American alcohol enzymes market. Extensive R&D to develop application specific products in order to suffice customer’s requirements is expected to be a key factor providing immense market potential over the forecast period.
Novozymes launched Sanferm Yield which enables distillers to increase their yield with lesser raw materials. Volatility in raw material costs prompted Novozymes to develop a solution that provides manufacturers with technical and economic benefits. Sanferm Yield helps achieve higher alcohol yields in the range of 2%-3% along with enhanced fermentation efficiency in 10%-20% less fermentation time.
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DuPont introduced SPEZYME comprising alpha amylase enzymes which provides benefits such as increased yields, faster fermentation, reduced energy and chemical use, helping manufacturers overcome challenges including high feedstock and energy costs. Associated British Foods plc, Advanced Enzymes Technologies Ltd, Amano Enzymes Inc, Codexis Inc, Dyadic International Inc, Lesaffre Group, Roquette Freres, and The Soufflet Group are other key players in the alcohol enzymes market.
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