Industrial Enzymes Market By Type, Source, Application and Growth Forecast to 2030

The working of the human body is not as mystical as many believe; it is, in fact, a result of a wide range of chemical reactions, just like those carried out in a laboratory! Therefore, metabolism is essentially a chemical reaction or a combination of chemical reactions that happen without our knowledge. Now, just like a reaction carried out in a laboratory can be sped up with a catalyst, the human body produces enzymes for the same purpose.

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With time, these enzymes have found wide usage in many industries, with the growing focus on organic products and the need to reduce the consumption of chemicals derived from fossil fuels. As a result, from about $5.7 billion in 2020, P&S Intelligence expects the industrial enzymes market to witness substantial growth during the forecast period (2021–2030). Among the earliest uses of enzymes in industrial production are brewing, dough fermentation, baking, and meat marination (for instance, with natural yoghurt).

Moreover, one of the most-significant uses of enzymes in this sector is brewing. Everyone is familiar with the usage of yeast for the purpose, but it is the actual enzymes within yeast that accomplish the process. The starch contained by malted barley is broken down into glucose sugar molecules and maltose by amylase. Other major applications of enzymes in the food and beverage industry are grain processing, protein processing, dairy production, fat and oil processing, and vegetable and fruit processing. Moreover, amylase, xylanase, cellulase, pectinase, lipase, protease, glucosyltransferase, polygalacturonanace, arabinanase, chymosin, and beta-glucanase are important for food additive companies.

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However, North America dominated the industrial enzymes market over the historical period (2015–2020) because of its huge food and beverage and pharmaceutical industries, which are now using an increasing volume of enzymes as a replacement for synthetic chemicals. Moreover, the U.S. is the largest producer of biofuel in the world, registering an output of 13.93 billion gallons in 2020, as per the Department of Energy (DoE). Additionally, many U.S. states have specific laws and incentive programmes to boost the usage of biofuels, which is driving the consumption of industrial enzymes.

Hence, with the expanding application area of enzymes, the demand for them in industries will burgeon.

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P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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