The Industrial Enzymes Market is segmented by Type (Carbohydrase, Proteases, Lipases, and Other Types), Application (Food and Beverages, Animal Feed, Healthcare, Textiles, Leather Processing, Detergents and Cleaners, Bio-Fuel, and Other Applications), and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America), The Industrial Enzymes Market size is projected to reach a CAGR of 6.8% to 2028.
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Enzymes are proteins that catalyze 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.
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.
Regional Analysis
North America has the highest share during the forecast period. North America dominated the industrial enzymes market.
Key Players of Industrial Enzymes Market
· Novozymes
· DuPont
· AB Enzymes
· BASF SE
· DSM and More
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.
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Industrial Enzymes Market is segmented into type, application and region.
On the basis of Type
· Carbohydrases
· Proteases
· Lipases
On the basis of Application
· Food and Beverages
· Animal Feed
· Healthcare
· Textiles
· Leather Processing
· Detergents and Cleaners
· Bio-Fuel
· Other Applications
On the basis of Region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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