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 global industrial enzymes market share. 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 complex proteins that help speed up biochemical reactions. These are extracted from plant tissue, animal tissue, and microorganisms and produced mainly by the process of fermentation. At present, enzymes are widely used for producing biofuels and cleaning agents.
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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 global market is primarily driven by the increasing demand for renewable energy sources due to an enhanced focus on sustainable development. In line with this, the augmenting requirement for bioethanol as an alternative to traditional motor fuels is positively influencing the market growth. Apart from this, the rapid expansion of the food and beverage industry and continual innovations in the production technologies across the sector are favorably impacting the market. Moreover, the rising demand for industrial enzymes in the formulation of animal feed and nutraceuticals is providing a boost to the market. Additionally, the growing health awareness among the consumers is driving the consumption of functional food products, thereby providing an impetus to the market.
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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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