Alcohol Enzymes Market was valued at $553.1 million in 2019, and is projected to reach $804.6 million by 2027, registering a CAGR of 4.9% from 2020 to 2027iCrowdNewswire.
Majority of the alcohol enzymes are based on microorganisms due to their easy availability and ease of production.
The global alcohol enzymes market is presently driven by the increasing demand for alcoholic beverages and bioethanol.
The major companies profiled in this report include Advanced Enzyme Technologies, Associated British Foods Plc, BASF SE, Biotechnology Research and Information Network AG, Creative Enzymes, DSM Royal, DuPont, Kerry Group Plc, Laffort, and Novozymes.
By type, the lipases segment is anticipated to witness the high growth rate of 6.0%, in terms of revenue, during the forecast period.