Industrial Enzymes Market To Grow At Highest Pace Owing To Widening Applications In Industrial Processes
Industrial enzymes find extensive applications across various end-use industries like food & beverages, household care, bioethanol, and agriculture due to their ability to catalyze biochemical reactions under mild conditions of pH and temperature. They help improve product quality, yields, and production efficiency. Some key industrial enzymes include carbohydrases, proteases, lipases, polymerases & nucleases, and phytases. The growing demand for low-calorie and low-fat food products is fueling the adoption of industrial enzymes in the food & beverages industry. Moreover, environment-friendly attributes and ability to replace toxic chemicals are augmenting their adoption in household cleaners.
The global industrial enzymes market is estimated to be valued at US$ 7.53 BN in 2024 and is expected to exhibit a CAGR of 6.4% over the forecast period 2024 to 2031.
Key Takeaways
Key players: Key players operating in the Industrial Enzyme Market are Advanced Enzyme Technologies, Lesaffre, Adisseo, Enzyme Development Corporation, BASF SE, Novozyme, DuPont Danisco, DSM, Novus International, Associated British Foods plc., and Chr. Hansen Holding A/S.
Growing demand: The thriving food & beverages industry coupled with rising consumer health consciousness is driving the demand for low-calorie and tailored food products requiring enzymes. This is fueling the growth of industrial enzymes globally.
Technological advancement: Manufacturers are investing in R&D to develop novel enzyme products and formulations with improved temperature and pH stability. Advancements like directed evolution, immobilization, and protein engineering are helping optimize industrial enzymes for varied applications.
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