Saudi Arabia Industrial Enzymes Market, By Type (Amylases, Cellulases, Proteases, Lipases, Phytases and Others), By Source (Micro-Organisms, Plants and Animals), By Application (Food & Beverages, Cleaning Agents, Animal Feed and Others), By Company and By Geography, Forecast & Opportunities, 2023

Saudi Arabia Industrial Enzymes Market is anticipated to post robust growth by 2023, due to the growing demand of industrial enzymes in the food & beverage industry for different uses such as enhancing flavour, imparting texture and minimize the use of synthetic chemicals. Moreover, the widespread use of enzymes in the manufacturing of animal feed to ensure high quality nutrition for animals is expected to drive the growth of the market during the forecast period. The increasing demand of industrial enzymes derived from micro-organisms as the output and enzymatic content can be controlled coupled with the ethical issues associated with animal enzymes is anticipated to propel the demand for industrial enzymes in the next five years. Based on the type, the amylases segment is expected to grow at the highest CAGR by 2023, due to widespread use in fermentation of food products, manufacture of beverages, and for research in pharmaceuticals and healthcare industry. Based on the application, the food & beverage segment leads the market in 2017 and is expected to maintain its position during the forecast period owing to the rising adoption of industrial enzymes in the food and beverage industry for developing new dairy products, beverages, and food items for the consumers.

Years considered for this report:

Historical Years: 2013-2016

Base Year: 2017

Estimated Year: 2018

Forecast Period: 2018–2023

Objective of the Study:

• To analyse and forecast the market size of Saudi Arabia Industrial Enzymes Market, in terms of value.
• To classify and forecast Saudi Arabia Industrial Enzymes based on type, source, application and regional distribution.
• To identify drivers and challenges for Saudi Arabia Industrial Enzymes Market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Saudi Arabia Industrial Enzymes Market.
• To conduct the pricing analysis for Saudi Arabia Industrial Enzymes Market.
• To identify and analyse the profile of leading manufacturers in the Saudi Arabia Industrial Enzymes Market.

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Some of the leading players in the Saudi Arabia Industrial Enzymes Market are BASF SE, Associated British Foods PLC, Koninklijke DSM N.V., E. I. Du Pont De Nemours and Company, Novozymes A/S, Dyadic International Inc., Advanced Enzyme Technologies Ltd, Adisseo, Chr. Hansen Holding A/S, Amano Enzyme Inc. etc.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of Industrial Enzymes manufacturers in Saudi Arabia. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the Industrial Enzymes manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analysed the retailers, distribution channels and presence of all major Industrial Enzymes manufacturers in Saudi Arabia.

TechSci Research calculated the market size of Saudi Arabia Industrial Enzymes Market using a bottom-up approach, where data for various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.

Key Target Audience:

• Industrial Enzymes Manufacturers
• Industrial Enzymes Dealers and Suppliers
• Traders and Distributors
• Food & Beverages Industries
• Biotechnology Industries
• Regulatory organizations.
• Raw material suppliers and distributors.
• Research organizations and consulting companies.
• Market research and consulting firms.

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, distributors and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, Saudi Arabia Industrial Enzymes Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Market, By Type:
• Amylases
• Cellulases
• Proteases
• Lipases
• Phytases
• Others
• Market, By Source:
• Micro-Organisms
• Plants
• Animals
• Market, By Application:
• Food & Beverages
• Baked Goods
• Dairy
• Others
• Cleaning Agents
• Laundry Detergents
• Automatic Dishwashing Detergent
• Others
• Animal Feed
• Others
• Market, by Region:
• Northern Region
• Southern Region
• Eastern Region
• Western Region
• Central Region

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Industrial Enzymes Market segment.

Available Customizations:

With the given market data, TechSci Research offers customizations according the company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

• Profit margin analysis in case of direct and indirect sales channel.

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