Alcohol enzymes is an enzyme group that occurs in organisms to facilitate hydrolysis and ease the inter conversion between alcohol and aldehydes due to the reduction of nicotinamide adenine dinucleotide. They are used as catalysts in the process of conversion of complex molecules in different metabolic reactions. Alcohol enzymes find applications in various end user industries such as food & beverage, bio-fuel production, cleaning agents, animal feed, pharmaceuticals, and biotechnology. Alcohol enzymes are an important part of industrial process as they ensure yield optimization and enhance chemical processes.
Increasing population coupled with rising income levels has fuelled demand for consumer products such as foods & beverages and cleaning agents which in turn is expected to boost the demand for alcohol enzymes. Additionally, increasing use of alcohol enzymes for production of bio-fuel is expected to further fuel the growth of market in future period. Increasing investments in research and development by companies to develop superior products is expected to provide newer opportunities in the market. However, stringent regulations on brewing industry and utilization of synthetic food ingredients are expected to hinder the growth of market. North America is the largest regional market for alcohol enzymes. Rising health concerns and increasing use of cosmetics are considered the key drivers for the growth in demand for alcohol enzymes in the region. Moreover, increasing demand for bio-fuels is expected to further drive the growth of market in this region. Asia Pacific is expected to be the fastest growing region for alcohol enzymes during the forecast period. Rapid industrialization and developing pharmaceutical & biotechnology industries in emerging economies such as India and China is expected to be the key driving factor for the growth of alcohol enzyme market in this region. In addition, favourable business environment coupled with government initiatives to promote usage of bio-fuels is expected to further boost the demand for alcohol enzymes in the region.
Some of the major participants in the global alcohol enzymes market include Advanced Enzyme Technology Ltd., ABF PLC, Amano Enzyme Inc., Novozymes A/S, Dyadic International Inc., The Soufflet Group, Roqutte Freres, and Shanghai Zheyang Chemical Co. Ltd.
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