Industrial Enzymes Market, Global Forecast, Impact of COVID-19, Industry Trends, Growth, Opportunity by Types, Company Analysis

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Enzymes are biological catalysts; they accelerate a chemical reaction. Globally, enzymes are used in industries such as biofuels, cleaning products / detergents, food, animal feed, textiles and specialties. In addition, the market for industrial enzymes is constantly growing, due to the growing need for sustainable solutions. Advances in biotechnology, especially protein engineering, have also brought new probiotic products, leading to the industrial enzymes market to the next level. According to Renub Research, the global enzyme market is expected to reach US $ 17.4 billion through 2027.

Carbohydrases, amylases, cellulases, proteases and lipases are major variants existing in the global enzyme market. By types, these enzymes are used in many industries. For example, the food industry mainly uses carbohydrases in baking for the manufacture of fruit juices, wine making and cheese making. Likewise, other applications of carbohydrases are detergents, textiles and leather and bioethanol. Carbohydrases also have additional advantages for various industrial applications due to their low cost, reduced time and space consumption, and ease of process modification and optimization. The market size for industrial enzymes has been estimated to be US $ 10.6 billion in 2020.

In addition, protease enzymes are widely used in specialized industries. The specialized industry uses protease enzymes in large quantities in the manufacture of drugs. Protease enzymes treat multiple diseases such as lungs, heart, eye abnormalities, digestive tract, skin ulcers, and pain. Thus, specialty industry is expected to fuel the demand for protease enzymes in the foreseeable future. In addition, with the help of the development of science and technology, protease enzymes are used in several biomeditation processes and leather treatments.

In addition, the industrial enzymes market in North America is influenced by the increasing demand for enzymes from the food industry and has a large consumer base in countries in the region. Nevertheless, the market in Asia-Pacific is due to strong growth opportunities induced by the surge in demand for carbohydrase and proteases in pharmaceutical and food industry applications, particularly in emerging countries such as China, ‘India and Japan. These countries have started investing in the biotechnology sector to introduce more effective global enzyme products.

In addition, increased investment in the food and pharmaceutical industry is expected to boost the overall industrial enzymes market. With the improvement in disposable income, the customer can now afford expensive food products, which is expected to further increase the demand for industrial enzyme products. According to our analysis, the industrial enzymes industry is likely to experience growth 7.34% CAGR of 2020-2027.

Nonetheless, strict monitoring and controlled temperature and pH levels of enzymes are waiting to restrain the growth of the market to some extent. On the other hand, concerns related to quality, safety and consumers’ perception of enzymes constitute the main challenge in this market.

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By sources, the industrial enzymes market has been fragmented by microorganisms, plants and animals. The microorganism is the most common source of industrial enzymes with one of the highest market shares.

By Application, the global enzymes market has been divided into Biofuel Enzymes, Cleaning Product Enzymes, Food Enzymes, Feed Enzymes, Textile Enzymes, and Specialty Enzymes. Among the segments, the specialty enzymes market occupies an important place in the market.

By region, we covered North America, Asia-Pacific, Europe and the rest of the world. Moreover, the Asia-Pacific region is expected to experience the highest growth during the forecast period and is expected to maintain its dominance in the future. years.

Some large companies operating in the industrial enzymes market are BASF SE, Advanced EnzymeTechnologies, Novozymes, DuPont Danisco, DSM and Kerry Group PLC.

Impact of COVID-19 on the Global Enzyme Market

The spread of COVID-19 through the world has had a positive impact on all industries. The growing adoption of enzymes across multiple industries such as cleaning products, food, feed, and specialty foods must propel market growth during the COVID-19 pandemic as consumers around the world are become more alert and aware of their health and lifestyle.

However, the growth of the biofuels and textile enzymes market has been hampered by the Covid-19 pandemic. Closures, social distancing and the closure of production plants around the world have impacted the auto industry, which in turn has had a negative influence on the biofuels industry.

Likewise, the market for textile enzymes is no different; the operations of many textile industries had either been temporarily halted or operated with minimal manpower due to forced shutdowns and restrictions imposed by the respective governing bodies. This factor is having a significantly negative impact on the revenue growth of the Textile Enzymes Market.

Renub search last report Global Industrial Enzymes Market Forecast by Types (Carbohydrases, Amylases, Cellulases, Proteases, Lipases), Source (Microorganism, Plant, Animal), Application (Biofuel, Cleaning Product, Food, Animal Feed, Textile, Specialty) , region (North) America, Europe, Asia-Pacific, rest of the world), company (BASF SE, Advanced Enzyme Technologies, Novozymes, DuPont Danisco, DSM, Kerry Group PLC) ” provides a detailed analysis of the enzymes market.

Follow the link for the full report with detailed table of contents and list of figures and tables: https://www.renub.com/industrial-enzymes-market-p.php

The market by type has been covered from 5 points of view:

1. Carbohydrates
2. Amylases
3. Cellulases
4. Proteases
5. Lipases

The By Source market has been covered from 3 points of view:

1. Microorganism
2. Plant
3. Animals

The market by application has been covered from 6 points of view:

1. Biofuel enzymes
2. Cleaning agent enzymes
3. Food enzymes
4. Animal feed enzymes
5. Textile enzymes
6. Specialty enzymes

The By regions market has been covered from 4 points of view:

1. North America
2. Europe
3. Asia-Pacific
4. LINE

Company overview:

• Overview
• Corporate initiatives
• Sales Analysis

Covered companies:

1. BASF SE
2. Advanced enzyme technologies
3. Novozymes
4. From Danisco Bridge
5. DSM
6. Kerry Group PLC

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