Vietnam Industrial Enzymes Market, By Type, By Source, By Application, By Region, Competition Forecast & Opportunities, 2017-2027

Vietnam industrial enzymes market is projected to grow at a formidable rate during the forecast period. The market growth can be attributed to the increasing use of industrial enzymes for the fermentation of milk to produce various kinds of dairy products such as cheeses, curd, yogurt, etc. The flourishing dairy industry and increasing popularity of recombinant enzymes across various end-use industries such as pharmaceuticals, detergents, etc., are also driving the growth of the Vietnam industrial enzymes market. Additionally, the growing application of proteases and huge investments by market players in research and development initiatives are anticipated to boost market growth. Moreover, the increasing use of detergents is expected to positively influence the Vietnam industrial enzymes market during the forecast period.

Furthermore, advancements in enzyme engineering and green chemistry are anticipated to boost the growth of the Vietnam industrial enzymes market. Increased application of amylases in the baking industry to enhance the volume and texture of the product and in the textile industry by denim manufacturers in de-sizing and lowering operational costs are driving the growth of the Vietnam industrial enzymes market. However, high costs of raw materials and contamination of enzymes with other chemical substances could negatively impact the growth of the Vietnam industrial enzymes market.

Vietnam industrial enzymes market is segmented based on type, source, application, company, and region. Based on application, the market is further divided into

food & beverages, cleaning agents, animal feed, and others. The pharmaceutical segment is expected to dominate the Vietnam industrial enzymes market in the forecast period due to the increasing R&D initiatives in recombinant techniques intended to improve the yields of enzymes through fermentation.

BASF SE, 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., Merck KGAA, etc., are the leading players in the Vietnam industrial enzymes market.

Years considered for this report:

Historical Years: 2017-2020

Base Year: 2021

Estimated Year: 2022E

Forecast Period: 2023F-2027F

Objective of the Study:

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

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 Vietnam. 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 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 Vietnam.

TechSci Research calculated the market size of Vietnam 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.
• 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, Vietnam Industrial Enzymes Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Vietnam Industrial Enzymes Market, By Type:

Amylases

Cellulases

Proteases

Lipases

Phytases

Others

• Vietnam Industrial Enzymes Market, By Source:

Micro-Organisms

Plants

Animals

• Vietnam Industrial Enzymes Market, By Application:

Food & Beverages

• Baked Goods
• Dairy
• Others

Cleaning Agents

• Laundry Detergents
• Automatic Dishwashing Detergent
• Others

Animal Feed

Others

• Vietnam Industrial Enzymes Market, By Region:

North Vietnam

South Vietnam

Central Vietnam

Competitive Landscape

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

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.