Hemicellulase is a type of enzyme which is cellulose and a key component of the cell wall in all plants. Different forms of plant hemicellulase include xylans, mannans and pentosans. Hemicellulase enzyme is needed to break down fiber-rich components or non-cellulose polysaccharides and then convert them to usable constituents. Hemicellulase is existing in different forms, which have been used for different applications in food industry such as improving the quality of dough, production of wines, alcoholic beverages, production of fruit juices and others. The increasing demand for agro-based products, in turn, is boosting the growth of hemicellulase market.
Hemicellulase Market Determinants
Improvised technological advancements in food and beverage industry and rise in urbanization are key factors driving the growth of global hemicellulase market. Additionally, constantly growing disposable income is leading to a change in life style of people and hence incline them towards processed and packaged food. Hence, this can create a column for the future growth opportunity of hemicellulase market. However, high processing cost and lack of awareness about hemicellulase are the major factors restraining the growth of hemicellulase market. The growth of hemicellulose-associated products and penetration of key players in developing countries offer new opportunities for market expansion.
MARKET DETERMINANTS-IMPACT ANALYSIS (2016 vs. 2024)
Hemicellulase Market Segment Analysis
The hemicellulase market is segmented by product, application and geography. By product, the hemicellulase market is segmented into xylan, glucuronoxylan, arabinoxylan, glucomannan and xyloglucan. On the basis of application, the hemicellulase is segmented into animal feed, aquaculture, cleaning, dietary supplements, food, beverage & ingredients and waste treatment. By geography, the hemicellulase market is categorized as North America, Europe, Asia Pacific and Rest of World.
The major market players are adopting various strategies in order to strengthen their market position such as product launch, partnership and expansion. In 2015, AB Enzymes and Behn Meyer Chemicals announced a partnership agreement for food and textile enzymes in South- East Asia. The new sales and distribution structure will support AB Enzymes’ strategic initiative to further strengthen its presence in the region with food and textile enzymes. It will also contribute to the plans for accelerated growth and superior customer service in the Southeast Asia region. Key players operating in this market include Schlumberger Limited, Halliburton, AB Enzymes, DPO International, Merck & Co., Inc., Meteoric Exim Private Limited, Biocon Ltd., Novozymes, Aum Enzymes, and Sdzucker.
Hemicellulase Market Key Segments
- Animal Feed
- Dietary Supplements
- Food, Beverage & Ingredients
- Waste Treatment
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Rest of World
- Saudi Arabia
- South Africa
- Rest of World
Hemicellulase Market Key Players
- Schlumberger Limited
- AB Enzymes
- DPO International
- Merck & Co., Inc.
- Meteoric Exim Private Limited
- Biocon Ltd.
- Aum Enzymes