Press release
New Report Offers Analysis Onthe Enzymes Market 2023-2032: Novozymes, BASF, DuPont, DSM
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Enzymes are used in various industrial applications such as food & beverages, bioethanol, detergents, textiles & leather, paper & pulp, wastewater treatment, feed, others (which include starch processing, cosmetics & personal care products, and oilfield & fine chemicals). Enzymes are also used in various specialty applications such as pharmaceuticals, research & biotechnology, diagnostics, and biocatalysts. The use of enzymes in paper & pulp is growing at a higher rate, owing to its functional benefits, and manufacturers are more inclined toward a reduction in usage of chlorine.
Restraints: Stringent regulatory framework
Manufacturers of enzymes need to comply with the regulations imposed by different governing agencies, such as the Enzyme Technical Association (ETA), Association of Manufacturers & Formulators of Enzyme Products (AMFEP), and EU REACH (Registration, Evaluation, and Authorization of Chemicals) Regulation. The use of enzymes in the food industry is required to adhere to the guidelines defined by the Food Chemicals Codex.
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New technical applications of enzymes are being developed to enhance the production processes. Numerous companies in the textile industry are incorporating the use of enzymes as an alternative to chemicals, to produce mild reactions that lead to clean and chemical-free garments. Gene modification in the existing enzyme has resulted in significant developments to enable enzymes to be functional under altering temperatures and pH levels. Companies are focusing on high investments in R&D and discovering new applications, such as pulp bleaching and bio-washing.
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Key Market Players
The key players in this market include Novozymes (Denmark), BASF (Germany), DuPont (US), DSM (Netherlands), Associated British Foods (UK), Merck (Germany), Chr. Hansen (Denmark), Kerry Group (Ireland), Roche Holding (Switzerland), Dyadic International (US), Codexis (US), Sanofi (France), Creative Enzymes (US), Advanced Enzymes Technologies (India), and Biocatalysts (UK).
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