Global Industrial Enzymes Market size is expected to reach USD 9.77 Billion in 2028 and register a CAGR of 6.4% over the forecast period, according to the latest report by Reports and Data. Major factors driving market revenue growth are increasing focus on adoption of environmentally friendly solutions, higher application of enzymes in animal feed industry, rising demand for bioethanol, and increasing focus on research development activities.
Global Industrial Enzymes are specific types of enzymes that are commercially used in different end-use industries. Some major types of Global Industrial Enzymes that are being used are carbohydrases, lipases, proteases, polymerases and nucleases, and others. Carbohydrases is a set of enzymes used to break down carbohydrate and transform it into simple sugar. Amylases, pectinases, cellulases, pullulanases, lactases, and mannanases are some common types of carbohydrases. These enzymes are primarily used in food and beverages, textiles and leather, bioethanol, and detergents. Food and beverages segment accounted for the largest revenue share in global market in 2020. Increasing usage of Global Industrial Enzymes in dairy products, beverages, processed meat, nutraceuticals, bakery products, and other processed food items is anticipated to drive growth of this segment.
Increasing adoption of high-performance enzymes in the food and beverage industry is another factor expected to drive market revenue growth over the forecast period. Rising demand for healthy and affordable food products has led to the development of Global Industrial Enzymes that can help in boosting productivity and provide consistency in quality, while improving sustainability footprint.
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Key companies profiled in the Global Industrial Enzymes report are:
AB Enzymes,
Advanced Enzyme,
Amano Enzyme Inc.,
BASF SE,
Biocatalysts,
BioResource International Inc., Chr.
Hansen Holdings AS,
DowDuPont,
DSM NV,
and Novozymes,
among others.
Some Key Highlights From the Report:
In July 2021, Danisco Animal Nutrition launched its phytase enzyme, Axtra PHY GOLD in Australia, Malaysia, and Thailand. This enzyme helps feed producers to enhance sustainability and reduce cost of production.
In September 2021, Carbios announced completion of a new demonstration plant, which includes a depolymerization reactor capable of processing over 2 tons of PET per cycle, in Cataroux site in Clermont-Ferrand.
Carbohydrases segment accounted for the largest revenue share in global market in 2020. Increasing use of carbohydrases in food, textiles, bioethanol, and other industries due to various advantages such as cost-effectiveness, ease in process optimization and modification, and low time and space consumption is anticipated to drive growth of this segment in the near future.
Global Industrial Enzymes market in North America is expected to account for significantly steady revenue share over the forecast period. Technological advancements in key end-use industries such as food processing, pharmaceuticals, and others, as well as increasing focus of various companies on biotechnological research development activities would drive market revenue growth in this region.
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Market Insights:
The energy sector or industry comprises players involved in production and exploration of oil or gas reserves, oil and gas drilling, and refining. The energy industry also covers integrated power utility companies such as renewable energy and coal. Companies in the energy industry are classified based on how the energy is sourced such as non-renewables or fossil fuels and renewables such as solar.
The energy sector is an important driver of industrial growth, providing fuel to power the rest of the economy. The demand for energy will increase significantly in the coming years, driven by economic growth, urbanisation, rising incomes and industrial activity. Increasing emphasis of governments across the globe increasing emphasis on renewable energy, including grid-connected and off-grid systems is expected to stimulate market growth during the forecast period.
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Global Industrial Enzymes Market Segmentation based on Types:
Amylases
Glucanases
Cellulases
Proteases
Lipases
Others
Global Industrial Enzymes Market Segmentation based on Application:
Food Processing
Animal Feed
Healthcare
Textiles
Leather Processing
Detergents and Cleaners
Bio-Fuel
Cosmetics
Others
Regional Perspective:
North America (U.S.A., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of Europe)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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