Market Size of South American Brewing Enzymes Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.08 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Brewing Enzymes Market Analysis
South America brewing enzymes market is projected to grow at a CAGR of 4.08% during the forecast period, 2020 - 2025.
- The South American brewing companies strive to develop alternate methods of production, to maximize their profits and capture a larger consumer base by making the product available at a lower cost, thus, the major players emphasize on innovation to develop new products that suit the consumer preference in the domestic market.
- The market faces certain restraints, like the cost for infrastructure required for the production is very high and thus they are dependent on cheaper alternatives to continue production and the enzymes operate only under optimum conditions of temperature, pressure, and pH.
South America Brewing Enzymes Industry Segmentation
South America brewing enzymes market is segmented by form into microbial and plant. Additionally, the study focusses on the revenues generated through amylase, alphalase, protease, and others. The report also includes the market by form covering liquid and dry formats. By geography, the market covers the country-level analysis of developed economies like Brazil, Argentina, and South America.
| Source | |
| Microbial | |
| Plant |
| Type | |
| Amaylase | |
| Alphalase | |
| Protease | |
| Others |
| Form | |
| Liquid | |
| Dry |
| Geography | |
| Brazil | |
| Argentina | |
| Rest of South America |
South American Brewing Enzymes Market Size Summary
The South America brewing enzymes market is experiencing a steady growth trajectory, driven by the efforts of brewing companies to innovate and optimize production methods. These companies are focused on developing new products that align with consumer preferences while aiming to reduce production costs. However, the market faces challenges such as high infrastructure costs and the need for enzymes to operate under specific conditions. The demand for brewing enzymes is expected to rise, fueled by the production of alcoholic beverages and the adoption of advanced spirit processing techniques. Despite a shift towards plant-sourced enzymes, microbial-derived amylases, particularly those based on bacterial and fungal sources, dominate the market due to their cost-effectiveness and versatile applications.
Brazil stands out in the regional market, holding a significant share due to its large consumer base and improved demand, despite economic challenges. The country's robust direct sales channels allow manufacturers to connect directly with consumers, enhancing product popularity. The market is characterized by fragmentation, with key players like The Soufflet Group, Kerry Inc., and Koninklijke DSM N.V. leading through extensive product offerings and strong market presence. These companies are focusing on innovation and forming long-term partnerships with food manufacturers to maintain their competitive edge and market share in the long term.
South American Brewing Enzymes Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Industry Attractiveness - Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Source
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2.1.1 Microbial
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2.1.2 Plant
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2.2 Type
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2.2.1 Amaylase
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2.2.2 Alphalase
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2.2.3 Protease
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2.2.4 Others
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2.3 Form
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2.3.1 Liquid
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2.3.2 Dry
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2.4 Geography
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2.4.1 Brazil
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2.4.2 Argentina
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2.4.3 Rest of South America
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South American Brewing Enzymes Market Size FAQs
What is the current South American Brewing Enzymes Market size?
The South American Brewing Enzymes Market is projected to register a CAGR of 4.08% during the forecast period (2024-2029)
Who are the key players in South American Brewing Enzymes Market?
The Soufflet Group, Koninklijke DSM N.V., DuPont de Nemours, Inc. and Merck KGaA are the major companies operating in the South American Brewing Enzymes Market.
