NEW YORK, Oct. 17, 2023 /PRNewswire/ -- The industrial enzymes market size is expected to grow by USD 2.19 billion from 2022 to 2027. In addition, the growth momentum of the market will progress at a CAGR of 6.26% during the forecast period, according to Technavio. Increasing demand for food enzymes is notably driving the industrial enzymes market. However, factors such as various regulatory constraints on the use of industrial enzymes for different markets may impede market growth. This report provides a full list of key companies, their strategies, and the latest developments. Buy Now for detailed company information
The market is segmented by Application (Food and beverage, Detergents, Animal feed, Biofuel, and Others), source (microorganisms, animals, and plants), and Geography (North America, APAC, Europe, South America, and Middle East and Africa). We provide a detailed analysis of 20 companies operating in the industrial enzymes market, including Amano Enzyme Inc., Associated British Foods Plc, Aumgene Biosciences, BASF SE, Chr Hansen Holding AS, Advanced Enzyme Technologies Ltd., Codexis Inc., DuPont de Nemours Inc., Enzymatic Deinking Technologies LLC, F. Hoffmann La Roche Ltd., Jiangsu Boli Bioproducts Co. Ltd., Kerry Group Plc, Koninklijke DSM NV, Merck KGaA, Nature BioScience Pvt. Ltd., Neogen Corp., Novozymes AS, Novus International Inc., The Soufflet Group, and Thermo Fisher Scientific Inc. The report offers an up-to-date analysis of the market, and to know the exact growth variance and the Y-O-Y growth rate, Request Free Sample Report.
Industrial Enzymes Market 2023-2027: Company Analysis
Jiangsu Boli Bioproducts Co. Ltd. - The company offers industrial enzymes such as Xylanase XM308, Alpha-amylase HA580LFG, Alpha-amylase LIQMEI FD, Alpha-amylase HA 450LFG, Alpha-amylase HA 360LFG, and Glucoamylase SUPERMEI FD.
Industrial Enzymes Market 2023-2027: Segmentation
Application
- The market share growth of the food and beverage segment will be significant during the forecast period. Industrial enzymes are used in various food industries to increase production efficiency and provide quality products. It also helps provide consumers with environmentally friendly products by reducing their consumption of energy, water, and raw materials. In addition, these enzymes are also used to extract fruit and vegetable juices in the food and beverage sector.
Geography
- APAC will contribute 38% to the growth of the global market during the forecast period. The rapid growth of the industrial enzymes market in APAC can be attributed to factors such as the increased use of phytase by high dosing and increased investment in better-performing enzymes to enhance the potential of feed enzymes.
Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View Free PDF Sample Report
Industrial Enzymes Market 2023-2027: Key Highlights
- Historic Market Size 2017-2021
- CAGR of the market during 2023-2027
- Detailed information on factors that will assist industrial enzymes market growth during the next five years
- Estimation of the industrial enzymes market size and its contribution to the parent market
- Forecasts on upcoming trends and changes in consumer behavior
- The growth of the industrial enzymes market
- Analysis of the competitive landscape and detailed information on companies
- Comprehensive details of factors that will impede the growth of industrial enzymes market companies
Related Reports:
The Global Food Enzymes Market size is projected to increase by USD 914.04 million and the market size is estimated to grow at a CAGR of 6.28% between 2022 and 2027.
The Marine Enzymes Market is projected to grow by USD 47.54 million with a CAGR of 6.02% during the forecast period 2021 to 2026.
ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by Source
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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