Press Release
Press Release
The global enzymes market growth is driven by the increasing demand for enzymes from various end use industries such as food and beverage, animal feed, home cleaning, biofuel, among others. Enzymes are vital biological catalysts that accelerate chemical reactions within organisms, influencing processes like digestion, DNA replication, and many others. Their specific characteristics dictate functions and interactions.
Amid a trend towards nutritious food, the demand for food enzymes, particularly to fortify several foods and enhance their nutritional value, has significantly increased in the food and beverage sector. Enzyme applications in bakery, brewing, and fruit juice production further drive global product demand. Increased consumer health awareness fuels the demand for enzymes in functional foods within the food and beverage industry.
Table: Global Food Products Exports by Major Countries, 2021
Innovative technologies are set to propel the global market for enzymes, driven by the adoption of eco-friendly solutions offering improved product attributes and performance. Enzymes are also being widely used in the bioenergy sector, especially to produce biofuels where enzymes like cellulases and amylases play a crucial role in breaking down biomass into fermentable sugars. With the growing demand for renewable energy sources, the use of enzymenes in biofuels production is expected to increase significantly.
Additionally, continuous innovation in enzyme technology is expected to positively impact the market growth in the coming years. Besides, enzyme-based drugs are utilised in treating chronic diseases such as cancer and AIDS, contributing to the market growth.
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The major players in the global enzymes market are Koninklijke DSM N.V., Amano Enzyme Inc., Advanced Enzyme Technologies, AB Enzymes GmbH, Novozymes A/S, MetGen Oy. Cooperation, Aum Enzymes, F. Hoffmann-La Roche Ltd, BASF SE, ABF Ingredients Limited, Codexis, Inc., Creative Enzymes, Chr. Hansen Holding A/S, Enzyme Solutions, Inc., and International Flavors & Fragrances Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Industry Type |
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Breakup by Application |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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