According to the latest report by IMARC Group, titled “Industrial Enzymes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on industrial enzymes market outlook. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global industrial enzymes market is expected to exhibit a CAGR of 6.1% during 2022-2027.
Industrial enzymes are the catalysts utilized to facilitate various industrial processes and the production of several foods, such as bread and cheese. Commonly procured from microorganisms, plant tissues, and animal tissues, these enzymes are widely used to accelerate chemical reactions by forming transition state complexes with their substrate. Industrial enzymes can also help in performing various metabolic activities, including the digestion of food and the synthesis of deoxyribonucleic acid (DNA) in the human body. As a result, they are utilized across numerous industry verticals in the production of several items, such as animal feed, biofuels, cleaning agents, etc.
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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Industrial Enzymes Market Trends:
The growing product utilization in the food and beverage (F&B) industry is among the primary factors driving the industrial enzymes market. In addition to this, the rising health consciousness among individuals is propelling the sales of nutraceuticals and functional foods that use industrial enzymes in their production processes, which is further catalyzing the market growth. Moreover, several advancements in the biotechnology, protein engineering, and food technology sectors are leading to the development and introduction of numerous innovative and novel product variants, which is acting as another significant growth-inducing factor. Apart from this, the elevating usage of biofuels to reduce carbon emissions from conventional fuels is projected to bolster the industrial enzymes market over the forecasted period.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Advanced Enzyme Technologies
- Associated British Foods Plc
- BASF SE
- Hansen Holding A/S
- Koninklijke DSM N.V
- DuPont de Nemours Inc.
- Enzyme Development Corporation
- Novozymes A/S
- Novus International Inc
Industrial Enzymes Market Segmentation:
Our report has categorized the market based on region, product, source and application.
Market Breakup by Product:
- Polymerases and Nucleases
Market Breakup by Source:
Market Breakup by Application:
- Food and Beverages
- Animal Feed
- Pulp and Paper
- Personal Care and Cosmetics
- Wastewater Treatment
Market Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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