Industrial Enzymes Market Size To Reach USD 8,400.4 Million By 2027 At A CAGR Of 4.9%
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BANGALORE from India, October 7, 2021 / PRNewswire / – The Industrial enzymes market is segmented by type (saccharifying enzyme, amylase, protease, lipases), by application (food and drink, detergents, animal feed, textile, pulp and paper, bioenergy). Global opportunity analysis and industry forecast, 2021-2027. It is published in Evaluate reports under the Chemical industry.
In 2020, the global industrial enzymes market size was $ 6,006.5 million and it is expected to achieve $ 8,400.4 million by the end of 2027, with a CAGR of 4.9% in 2021-2027.
Enzymes are protein molecules that function as specialized catalysts for chemical reactions. They have greatly contributed to the traditional and modern chemical industry by improving existing processes. Enzymes are natural catalysts. They are produced by living organisms to increase the rate of a huge and diverse set of chemical reactions necessary for life. They are involved in all processes essential to life such as DNA replication and transcription, protein synthesis, metabolism and signal transduction, etc.
The major factors driving the growth of Industrial Enzymes Market are:
During the forecast period, increasing demand for products from end-use sectors such as household cleaning, animal feed, and food and beverage is expected to drive the market expansion.
The quest for better quality meals with a more natural flavor and taste has become a popular trend among customers today. Due to this trend, the creation of tasty and delicious ready meals using industrial enzyme applications has become necessary. These enzymes work as catalysts by helping with the breakdown of vitamins and nutrients in metabolic processes as well as the interconversion of complex compounds into simpler compounds.
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Trends influencing the growth of industrial enzymes market
Many food and beverage components and products require the use of enzymes for processing. To maintain the flavor and texture of foods, enzymes catalyze critical and very specialized reactions under specific circumstances. Enzymes are commonly used in food processing in accordance with “clean label†and “all natural†labeling. Thus, the increasing use of enzymes in food processing and the demand for all-natural products are expected to drive the growth of the industrial enzymes market.
The increasing use of enzymes in the detergent industry is expected to drive the industrial enzymes market. Enzymes are used as functional components in detergents, contributing to efficient, environmentally friendly and energy efficient cleaning of laundry and dishes. Proteases, lipases, and amylases are the three main types of detergent enzymes, each with their own set of benefits for use in laundry and automatic dishwashing. Proteases were the first enzymes to be widely used in laundry detergents, which not only improve cleaning performance, but also have environmental benefits. Lipases and amylases work with proteases to improve the effectiveness of detergents, especially at lower temperatures and lower pH levels in industrial cleaning processes. Cellulases help keep cleaned clothes looking fresh and help with general fabric care.
The costs of feeding livestock and poultry represent 60 to 70 percent of the overall cost of operating a livestock or poultry operation. For decades, farmers have struggled to reduce this cost. This goal has become a reality through the use of enzymes in animal feed, and contemporary farmers have made incredible strides in producing animals efficiently and profitably. This in turn is expected to drive the growth of the industrial enzymes market.
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Industrial enzymes market share
By application, the food and beverage segment is expected to account for the largest share of the industrial enzymes market during the forecast period.
North America is expected to account for the largest market share during the forecast period. Technological advancements in this region have made enzymes available for a wide range of applications, and this segment is expected to drive market growth in the region. This region is expected to be the largest market due to the development of innovative and efficient products and global industrialization. The bioethanol and food and beverage industries in this region are also experiencing an increase in the use of enzymes.
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Segmentation of the industrial enzymes market
By type
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Saccharifying enzyme
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Amylase
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Protease
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Lipases
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Others.
By application
Key companies
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Novozymes
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DuPont
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DSM
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Longda Bio-products
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Guangdong VTR Bio-Tech
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Vland
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SunHY
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Challenge Group
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Son of the sun
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Amano Enzyme
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Advanced enzyme technologies
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Nanning Doing-Higher Bio-Tech
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Godo shusei
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Jiangyin BSDZYME Bioengineering
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Beijing Smistyle Sci. & Tech.
By region
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North America
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Asia Pacific
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Europe
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Latin America
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SIMILAR REPORTS
– The Global enzyme market was valued at $ 8,636.8 million in 2019, and is expected to reach $ 14,507.6 million in 2027 at a CAGR of 6.5% from 2020 to 2027.
– The food enzymes market the height was evaluated at $ 1,944.8 million in 2018 and should reach $ 3,056.9 million by 2025, registering a CAGR of 5.6% from 2019 to 2026.
– The Global Food Enzymes Market the size should reach $ 1,320.9 million by 2027, from $ 968.9 million in 2020, at a CAGR of 5.3% in 2021-2027.
– In 2020, the Enzyme for the pulp and paper market the size was $ 84 million and it is expected to achieve $ 114.6 million by the end of 2027, with a CAGR of 4.5% in 2021-2027.
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