Industrial Enzymes Market Key Players, Regions, Manufacturers Analysis, Application and Share Outlook to 2024
The industrial enzymes market has been classified on the basis of type into amylases, cellulases, proteases, lipases, and phytases. The largest share is attributed to proteases category. The protease is the most essential enzyme for digestion of proteins. The enzyme also has the ability to hydrolyze all types of proteins. This in turn reduces the prevalence of factors, which could lead to anxiety and insomnia in human bodies.
Macromolecular biological catalysts are popularly known as enzymes. These assist in performing various metabolic activities, which together sustain life in a host. Enzymes are highly selective catalysts that accelerate the speed of metabolic reactions such as digestion of food and synthesis of deoxyribonucleic acid (DNA) in human bodies.
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The industrial enzymes market has been categorized on the basis of application into food and beverages, cleaning agents, bio-energy, animal feed, and others. The others category includes starch processing, textile, and leather. The enzymes are most widely used in food and beverages processing. Innovations in the field of enzyme processing technologies and recombinant techniques in the past decade, have helped to improve food yields, alter specificity of food products, and increase stability of enzymes.
Based on region, the industrial enzymes market has been categorized into North America, Europe, APAC, LATAM, and Middle East and Africa (MEA). Geographically, North America held the largest share in the market. However, APAC market is likely to witness the fastest growth in the coming years.
Key factor driving the growth of the industrial enzymes market is the growing demand for biofuels by several countries to reduce dependence on fossil fuel derivatives to cater their energy demand in the forthcoming period.
Some of the major players operating in the global industrial enzymes market are Monsanto, BASF SE, DowDuPont, Koninklijke DSM N.V., Amano Enzyme Incorporated, Novozymes A/S, Chr. Hansen A/S, Codexis Incorporated, and Associated British Foods PLC.
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The study provides the historical as well the forecast market size data for various countries, including the U.S., Canada, France, Germany, the U.K., Italy, Japan, China, India, Brazil, Mexico, Saudi Arabia, and South Africa.
