Industrial Enzymes Global Market Growth Scenario and Market Perspective with Study of Top Players (Monsanto, BASF SE, DowDuPont, Koninklijke) & Revenue to Significant Growth Forecasts By 2024

Macromolecular biological catalysts are popularly known as enzymes. These assist in performing various metabolic activities, which together sustain life in a host. Enzymes are highly selective catalysts that accelerate the speed of metabolic reactions such as digestion of food and synthesis of deoxyribonucleic acid (DNA) in human bodies. The enzymes are highly efficient and selective biological chemicals that accelerate reactions by forming transition state complexes with their substrate, thereby, reducing the activation energy required by the reactions. These enzymes are utilized for a wide array of industrial and chemical applications such as animal feed, bakery, tannery, biofuel production, and brewing. In the report, the industrial enzymes market is segmented on the basis of type, application, and region.

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The industrial enzymes market has been categorized on the basis of application into food and beverages, cleaning agents, bio-energy, animal feed, and others. The others category includes starch processing, textile, and leather. The enzymes are most widely used in food and beverages processing. Innovations in the field of enzyme processing technologies and recombinant techniques in the past decade, have helped to improve food yields, alter specificity of food products, and increase stability of enzymes. Such techniques have also extended the applications of enzymes in the food and beverages industry.

Based on region, the industrial enzymes market has been categorized into North America, Europe, APAC, LATAM, and Middle East and Africa (MEA). Geographically, North America held the largest share in the market. However, APAC market is likely to witness the fastest growth in the coming years. Investments by multinational food and beverages companies in the emerging markets of China and India, as well as demand for these enzymes to feed the high-volume food demand in these countries are expected to boost the APAC market during the forecast period.

The rapid depletion of fossil fuels and global warming caused by their usage have shifted the global interest from conventional non-renewable energy sources to sustainable and renewable energy sources. Several governments across the globe have initiated different projects and schemes to promote and encourage the generation of renewable energy. Moreover, the implementation of stringent environmental regulations across the globe is propelling the demand for efficient renewable energy sources, such as biofuels. Several international organizations are framing strict guidelines and standards, in order to reduce the greenhouse gases emission. This further compels the governments to frame stringent legislations and regulations, thus supporting the adoption of clean and safe energy.

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Some of the major players operating in the global industrial enzymes market are Monsanto, BASF SE, DowDuPont, Koninklijke DSM N.V., Amano Enzyme Incorporated, Novozymes A/S, Chr. Hansen A/S, Codexis Incorporated, and Associated British Foods PLC.

The study provides the historical as well the forecast market size data for various countries, including the U.S., Canada, France, Germany, the U.K., Italy, Japan, China, India, Brazil, Mexico, Saudi Arabia, and South Africa.

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