Industrial Enzymes
Market Growing at a Significant CAGR to the Forecast
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
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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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Reasons to Acquire
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demand and requirement.
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