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Industrial Enzymes Global Market Rising Trends, Industry Size, Share Report, Growing Demand and Business Opportunities And Forecast 2024-2033 | BASF SE, Roche Holding AG, Kerry Group plc, Lallemand Inc., Biocatalysts Ltd.
Industrial Enzymes Market
As per the report, the industrial enzymes market size has grown strongly in recent years. It will grow from $6.73 billion in 2023 to $7.19 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The industrial enzymes market size is expected to see strong growth in the next few years. It will grow to $9.47 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%.
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Rising Demand In The Food And Beverage Industry Drives Growth In The Industrial Enzymes Market
The rising demand for the food and beverage industry is expected to propel the growth of the industrial enzymes market going forward. The food and beverage industry encompasses all businesses producing, processing, packaging, distributing, and selling food and drink products. The expansion of the food and beverage industry is due to changing consumer preferences, globalization, technological advancements, e-commerce, health and wellness trends, sustainability initiatives, and regulatory factors. Industrial enzymes are essential for enhancing product quality, shelf life, cost-effectiveness, and clean label credentials in the food and beverage industry. For instance, in May 2021, according to the Australian Bureau of Statistics, an Australia-based government agency, sales of food and non-alcoholic drinks reached 15.1 million tons in 2021-2022, an increase from 14.8 million metric tons in 2020-21. Therefore, the rising demand for the food and beverage industry is driving the growth of the industrial enzymes market.
Innovation In High-Efficiency Cellulase Enzymes In The Industrial Enzymes Market
Major companies operating in the industrial enzymes market are focusing on developing innovative technologies, such as high-efficiency cellulase enzymes, to expand their offerings and stay competitive. A high-efficiency cellulase enzyme is an optimized mixture of overexpressed cellulase components that can break down cellulose into fermentable sugars more effectively and at a lower enzyme cost. For instance, in May 2024, Bionetix International, a Canada-based biopharmaceutical company, launched a new line of enzyme concentrates, ECL3000. This enzyme line targets cellulose, a complex carbohydrate in plant cell walls, and various everyday items such as food, clothing, and paper. ECL3000 is a high-efficiency cellulase enzyme produced by non-pathogenic fungi, exhibiting robust performance, and is involved in the breakdown of cellulose into smaller sugars such as glucose.
The industrial enzymes market covered in this report is segmented -
1) By Type: Carbohydrases, Proteases, Phytases, Polymerases and Nucleases, Lipases, Other Types
2) By Form: Liquid, Dry
3) By Source: Plant, Animal, Micro-Organism
4) By Application: Food Processing, Animal Feed, Healthcare, Textiles, Leather Processing, Detergents and Cleaners, Bio-Fuel, Other Applications
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Major companies operating in the industrial enzymes market are Advanced Enzyme Technologies Limited, BASF SE, Roche Holding AG, Associated British Foods plc, DuPont de Nemours Inc., Kerry Group plc, DSM Nutritional Products AG, Novozymes A/S, Lallemand Inc., Chr. Hansen Holding A/S, Novus International Inc., Jiangsu Boli Bioproducts Co. Ltd., Amano Enzyme Inc., BBI Solutions, AB Enzymes GmbH, Biocatalysts Ltd., Enzyme Supplies Limited, Enzyme Development Corporation, Dyadic International Inc., Longda Bio-products Co. Ltd., Maps Enzymes Ltd.
Contents of the report:
1. Executive Summary
2. Industrial Enzymes Market Report Structure
3. Industrial Enzymes Market Trends And Strategies
4. Industrial Enzymes Market - Macro Economic Scenario
5. Industrial Enzymes Market Size And Growth
…..
27. Industrial Enzymes Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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