The Industrial Enzymes Market size is projected to reach a CAGR of 6.8% from 2022 to 2028.
Enzymes are proteins that catalyse chemical reactions. As such, enzymes have been widely used to facilitate industrial processes and the production of products, and these enzymes are referenced as industrial enzymes.
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Rising product demand from the end-use industries, such as biofuel, home cleaning, animal feed, and food and beverage is the major factor that has supported long-term expansion for Industrial Enzymes Market.
Recent Developments
In November 2021, Novozymes and Novo Nordisk Pharmatech collaborated for the development of best-in-class technical enzymes to support production processes in the biopharmaceutical industry. This collaboration will help Novozymes to scale-up the processes in regenerative medicines market.
In April 2021, BASF signed an agreement with Sandoz GmbH, a subsidiary of Novartis, to invest at the Kundl/Schaftenau Campus in Austria. This agreement enables BASF to further develop its production footprint for enzymes and biotechnology products.
Prominent Players
- Novozymes
- DuPont
- AB Enzymes
- BASF SE
- DSM
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North America to Dominate the Market
North America has the highest share during the forecast period. North America dominated the industrial enzymes market.
Industrial Enzymes Market Segmentation:
On the basis of Type
· Carbohydrase’s
· Proteases
· Lipases
On the basis of Application
· Food and Beverages
· Animal Feed
· Healthcare
· Textiles
· Leather Processing
· Detergents and Cleaners
· Bio-Fuel
· Other Applications
Based on region:
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
The Report helps to identify the opportunities in Global Regions:
· North America (the United States, Canada, and Mexico)
· Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
· Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
· South America (Brazil etc.)
· The Middle East and Africa (North Africa and GCC Countries)
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- Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
- In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
In addition to the market data for Industrial Enzymes Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.
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