Industrial Enzymes Market Size, Share, Growth, Future Outlook, Global Industry Analysis, Forecast Year 2019 to 2024

Meticulous Research® – leading global market research company studying a market titled Industrial Enzymes Market by Type (Carbohydrases, Proteases, Lipases, Phytases), Source (Plant, Animal, Microorganism), by Form (Liquid, Solid), Application (Food processing, Detergents and Cleaners, Biofuel, Textiles, Pulp and Paper, Animal Feed), and Region – Global Forecast to 2024’’.

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Synthetic chemicals are used to produce everything from fertilizers and detergents to processed foods, cosmetics, and pharmaceuticals. The synthesis chemical industry is huge, and production is expensive and time consuming, and often leads to toxic waste streams. Many synthetic chemical cause unacceptable side effects such as skin or respiratory systems problem, damage to central nervous system, immune system etc. However, industrial enzymes are sustainable option to the use of harmful chemicals in the industry because they work under mild conditions, thus, reducing energy consumption, and thereby, decreasing greenhouse gas emissions. In addition, industrial enzymes reduce water consumption and chemical waste and minimize by-products generation, posing minimal risk to humans and the ecosystem. Thus, the use of enzymes is regarded as safe, cost-effective, and an environmentally friendly.

The industrial enzymes market study presents historical market data in terms of value (2017 and 2018), estimated current data (2019), and forecasts for 2024 – by type, source, and end user industries. The study also evaluates industry competitors and analyzes the market at regional and country level.

Carbohydrases segment Dominate the Global Industrial Enzymes Market, by Type

Carbohydrases segment accounted for the largest market share of the global industrial enzymes market in 2018. The large share of this segment is attributed to their increasing usage in food and beverages. Amylase is the most common type of carbohydrases, which finds applications in various industrial processes, such as food, fermentation, etc.

Food Processing Segment Dominate the Global Industrial Enzymes Market, by Application

Food processing segment accounted for the largest market share in 2018. The large share of this segment is mainly attributed to the rising demands for food, disposable income, and health awareness.

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Asia-Pacific: The Fastest Growing Regional Market

North America commanded the largest share of the global industrial enzymes market in 2018, followed by Asia-Pacific, Europe, Latin America, and Middle East & Africa. However, during the forecast period, Asia-Pacific will be the fastest growing regional market due to the rising population, high disposable income, rising demand for food and beverages, changing lifestyle of people in developing economies such as China and India, growing food processing industry, and rapid industrialization.

Key Players in the Industrial Enzymes Market

The report includes an extensive assessment of the key strategic developments adopted by leading market participants in the industry over the past 4 years (2016-2019). For instance, in September 2018, Novozymes A/S and DSM N.V. launched the world’s first enzyme to improve gut functionality for broiler chickens. It enables broilers to better take up nutrients, and poultry farmers can use less feed and move towards a more sustainable production.

The major players operating in the industrial enzymes market are DSM N.V. (The Netherlands), F. Hoffmann-La Roche AG (Switzerland), AB Enzymes GmbH  (Germany), Advanced Enzyme Technologies Ltd. (India), Sigma-Aldrich Corporation (U.S.), Adisseo France SAS (France), AEB Africa (Pty) Ltd. (South Africa), Zymetech ehf (Iceland), Enzymatica AB (Sweden), Novus International, Inc. (U.S.), Bioresource International, Inc. (U.S.), Biocatalysts Limited (U.K.), Lesaffre et Compagnie, SA (France), Qingdao Vland Biotech Co.,Ltd. (China), Aum Enzymes (India), Novozymes A/S (Denmark), Nature Bioscience Pvt.Ltd. (India), E. I. Du Pont De Nemours and Company (U.S.), BASF SE (U.S.), Dyadic International Inc. (U.S.), and Chr. Hansen Holding A/S (Denmark).

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