Press release
Industrial Enzymes Market Trends by Key Players: DSM, DuPont, Novozymes, Associated British Foods, Dyadic International Inc., Amano Enzyme Inc., Codexis Inc. and BASF SE. Some other players in the industrial enzyme market are Advanced Enzymes, Cargill Inc
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Industrial Enzymes Market size is likely to get a hike in its CAGR in the forecast period. Industrial enzymes are vastly used across various end-user industries including food processing, biofuels and pharmaceuticals. Industrial enzymes play a significant role in accelerating production processes across various end-user industries including food processing, cosmetics, personal care etc.in an environment friendly manner. Additionally, it makes the process efficient and improves the overall quality which is likely to make substantial contribution to industrial enzymes market size over the projected timespan. Furthermore, these enzymes break down various components like proteins, starch, cellulose etc. to quicken the food and paper processing processes.
Due to stringent environmental regulations the use various toxic chemicals are not permitted to use, however these chemicals improve the overall production processes. Yet as for customer acceptance, regulatory concerns in different industries, doubts regarding quality and safety of the industrial enzymes, volatility in production etc. are likely to obstruct the overall industrial enzymes market size over the projected timeframe. Rapid industrialization in the region primarily due to growing population coupled with rising need for methods which can influence the production in the manufacturing unit is likely to grow as a future opportunity for industrial enzymes market size by 2024.
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Based on the regions, Asia-Pacific accounted for a major chunk of the overall industrial enzyme market size in 2016. It is expected to rise at a healthy CAGR primarily due to significant rise in healthcare, food & beverage, chemical, etc. industrial enzymes market which is attributed to rapid population pace along with rising consumer spending power/socio-economic factors in the region which will help attain substantial business size over the forecast timeframe.
Some major industrial enzymes market players are DSM, DuPont, Novozymes, Associated British Foods, Dyadic International Inc., Amano Enzyme Inc., Codexis Inc. and BASF SE. Some other players in the industrial enzyme market are Advanced Enzymes, Cargill Inc., Maps Enzymes Ltd. Organizations such as DSM is going ahead with strategic acquisitions to become the market leaders in the industrial enzyme market, DSM acquired the food enzymes and its technologies from Verenium at USD 15 million in March 2012.
Market share calculation in this report is not done based on companies covered in it. The calculation of industrial enzymes market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
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