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Enzymes Industry to 2020 | Key Featuring , Industry share, and Growth 2028

07-22-2021 12:06 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent Market Insights

Enzyme market

Enzyme market

Enzymes are a group of proteins and other substances that have an important role in the functioning of living organisms. Enzymes are made up of catalysts, which are proteins with which the enzymes catalyze or break down. These include peptides (which are chains of amino acids); lipids (which are fats); non-protein precursors (which are sugars); and nucleic acids (which are DNA and RNA). In the manufacturing and industrial processes, enzymes are often used as activators of certain chemical reactions and may also be used to aid in the decomposition and reuse of industrial waste materials.

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The growing demand for enzymes from the pharmaceutical industry for the preparation of various drugs is primarily fueling the growth of the enzymes market. The increasing prevalence of the various chronic disease is creating demand for healthcare need which is again driving demand for enzymes. According to the National Center for Chronic Disease Prevention and Health Promotion, chronic diseases such as heart disease, cancer, and diabetes are the leading causes of death and disability in the United States. They are also leading drivers of the nation’s $3.8 trillion in annual health care costs. Furthermore, growing demand from end-user industries such as food and beverage, biofuel, animal feed, and home cleaning is further projected to propel the growth of the enzymes market.

North America is expected to gain significant growth over the forecast period and this is attributed to the high demand for biofuel in the region due to the growing demand for renewable sources of energy. According to the report from Center for Sustainable Systems, in 2019, there were 200 ethanol refineries and 102 biodiesel production plants in the U.S. The U.S. biodiesel production facilities operated at 68% capacity in 2019. Moreover, in 2019, 10% of U.S. vehicle fuel consumption (by volume) was ethanol and over 98% of U.S. gasoline contains ethanol.

Key Developments:
1. In October 2019, Creative Enzymes, a cutting-edge enzyme provider has announced the launch of several enzyme products to help clients with the increasing needs in diverse enzymes, and the newly-developed product ranges include cellulase, chitinase, and lipase.

2. In March 2020, Novozymes has launched Saphera Fiber, a new lactase enzyme to increase the content of fibers while also reducing sugar is fermented and non-fermented dairy products.

3. In September 2019, DuPont Nutrition & Biosciences (DuPont) announced the launch of its DuPont™ Danisco® POWERPasta™ range of enzymes, the latest solution for customers in the rapidly expanding global pasta sector.

4. In February 2020, DuPont has released the POWERBake 6000 and 7000 enzyme series, especially for European recipes. The enzymes offer improver houses and bakeries an emulsification solution that preserves the taste and quality of white bread and buns

Key players operating in the global enzymes market include, Sanofi S.A., BASF, Roche Holding AG, BBI Enzymes Ltd., Codexis Inc., Affymetrix Inc., and AB Enzymes.

Enzymes Market Taxonomy

On the basis of source, the global market is classified into:

Plant
Animal
Microorganisms
On the basis of product type, the global market is classified into:

Ligases
Isomerases
Lyases
Oxidoreductases
Transferases

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email:sales@coherentmarketinsights.com

Coherent Market Insights is a global market intelligence and consulting organization, focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions.We are uniquely positioned to help businesses around the globe deliver practical and lasting results through various recommendations about operational improvements, technologies, emerging market trends and new working methods.

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