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The global industrial enzymes market grew at a CAGR of 6% during 2015-2020. Industrial enzymes refer to catalysts that are utilized to facilitate several industrial processes and the production of various foods, such as bread and cheese. Commonly obtained from plant tissues, animal tissues or microorganisms, these enzymes are employed to accelerate and boost chemical reactions by forming transition state complexes with their substrate. They can also assist in performing various metabolic activities, such as digestion of food and the synthesis of deoxyribonucleic acid (DNA) in the human body. As a result, they are widely being utilized across numerous industry verticals for a vast array of applications, including animal feed, biofuels and cleaning agents.
The market is primarily driven by the increasing utilization of industrial enzymes in the food and beverages sector. There has been a considerable increase in the sales of processed and packaged foods across the globe that employ these enzymes in their production process for breaking down nutrients in the metabolic reactions and the inter-conversion of complex molecules to smaller ones. Apart from this, the growing health consciousness among the masses has contributed to a rise in sales of functional foods and nutraceuticals that employ industrial enzymes in their production, thereby providing a thrust to the market growth. The market is further driven by the growing applications of these catalysts in the manufacturing of biofuels, facilitated by the enhanced focus on sustainable development. Furthermore, continual advancements in the field of biotechnology, particularly in protein engineering, have led to the introduction of several innovative and newly-launched product variants, which are anticipated to gain widespread prominence among the end users. Other factors, including rapid industrialization and the constant advancements in food technology, are also contributing to the market growth. Looking forward, IMARC Group expects the global industrial enzymes market to exhibit moderate growth during the next five years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global industrial enzymes market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, product, source and application.
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The competitive landscape of the industry has also been examined along with the profiles of the key players being Adisseo (China National Bluestar (Group) Corporation), Advanced Enzyme Technologies, Associated British Foods Plc, BASF SE, Chr. Hansen Holding A/S, Koninklijke DSM N.V, DuPont de Nemours Inc., Enzyme Development Corporation, Lesaffre, Novozymes A/S and Novus International Inc. (Mitsui & Co).
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