ENZYMES MARKET ANALYSIS

1. ENZYMES MARKET ANALYSIS Enzymes are molecular catalysts that accelerate chemical reactions to produce the desired end-result. Enzymes include most proteins and RNA molecules. Enzyme activity can be regulated by activators and inhibitors, which help to increase and decrease the activity of enzymes, respectively. Among product types, Lyases help in catalyzing the structural formation of bonds within an atomic structure by adding or removing chemical groups. The ligases can catalyze the bonding between different substrates with the help of an energy source. Isomerases activate the restructuring of chemicals within a particular molecule. Oxidoreductases help in oxidation reduction, a process in which a specific atom donates its electron to a different atom, while transferases help in the transfer of chemical groups from one substance to another. Factors such as growing demand for specialty enzymes and blooming pharmaceutical industry is expected to drive growth of the global enzymes market over the forecast period (2016 – 2024). Enzymes are widely used in the manufacturing of biofuels, paper, starch, dairy products, and biological detergents. They are also used in molecular biology and in food processing and brewing industries. Enzymes Market Taxonomy On the basis of source, the global market is classified into: •Plant •Animal •Microorganisms On the basis of product type, the global market is classified into: •Ligases •Isomerases •Lyases •Oxidoreductases •Transferases On the basis of application, the global market is classified into: •Digestive Enzymes •Metabolic Enzymes

2. •Cleaning Enzymes On the basis of end-use industry, the global market is classified into: •Food and Beverages •Cosmetics •Pharmaceutical •Biofuel and Gas •Feed •Textile •Paper and Pulp •Detergent •Others Enzymes Market Outlook – Consumer Preference towards Functional Food to Drive the Market Growth Growing health concerns due to increasing sedentary lifestyle among the populace has led to a greater emphasis on creating and perpetuating health awareness by various government and private organizations. Enzymes are used to manufacture functional foods. Consumption of functional foods can reduce the risk of several diseases, thereby increasing their demand.  These factors are expected to drive growth of the enzymes market over the forecast period. Enzymes such as protease, lipase, amylase, and cellulose are used in functional foods to enhance their functional attributes such as improvement in digestion, anti- oxidation, decreased cell aging, and nutrient properties. For instance, in order to lower cholesterol count, omega 3 fatty acids and probiotic yogurts are used as functional foods. Many scientists and researchers claim that omega 3 fatty acids also improve brain functioning. The global functional food market is estimated to reach US$ 65 billion by 2024 and is estimated to exhibit at a CAGR of over 15% over the forecast period. Skin allergies triggered by detergents containing enzymes and high costs associated with the safe handling of enzymes act as barriers for growth of the global enzymes market. Enzymes used in detergents such as sodium tripolyphosphate, sodium alkane carboxylates, and bacillus protease reportedly cause skin and eye infections.

3. Key players operating in the global enzymes market include, Sanofi S.A., BASF, Roche Holding AG, BBI Enzymes Ltd., Codexis Inc., Affymetrix Inc., and AB Enzymes. Key Developments 1. Key companies in the market are focused on various business strategies such as business expansion, in order to enhance their market presence. For instance, in October 2017, BASF SE, a Germany-based chemical company, started its new enzyme- based state-of-the-art production plant for biocatalyzed acrylamide in China. This new plant will boost the production of high-quality polyacrylamide.  2. Major companies in the market are focused on various growth strategies such as partnership and agreement, in order to gain competitive edge in the market. For instance, in February 2019, Codexis, Inc., a U.S.-based protein engineering company, entered into multi-year, exclusive supply agreement with KYORIN Pharmaceuticals Co., Ltd. for the supply of proprietary enzyme. This enzyme will be used for manufacturing of vibegron, which is an active ingredient in Beova Tablets, used for treatment of overactive bladder. 3. Key players in the market are involved in various growth strategies such as product launch, in order to expand their product portfolio. For instance, in March 2019, AB Enzymes, an industrial biotech company, launched ROHALASE SEPARATION, a grain processing enzyme. It is a food-grade enzyme product, which is developed for wheat-starch-gluten separation process. Research Methodology Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include: • Primary Research (Trade Surveys and Experts Interviews) • Desk Research • Proprietor Data Analytics Model

4. In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.