Enzymes Market Will Generate All New Growth Opportunities, Projected To Reach USD 9.77 Billion At a CAGR of 6.4%

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According to a recent report by Reports and Data, the global enzymes market is expected to reach USD 9.77 billion by 2028, with a CAGR of 6.4% during the forecast period.

According to a recent report by Reports and Data, the global enzymes market is expected to reach USD 9.77 billion by 2028, with a CAGR of 6.4% during the forecast period. The growth of this market is mainly driven by factors such as the increasing focus on adopting environmentally friendly solutions, rising demand for bioethanol, higher application of enzymes in the animal feed industry, and increasing focus on research and development activities.

enzymes are specific types of enzymes used in various end-use industries. These include carbohydrases, lipases, proteases, polymerases and nucleases, among others. Carbohydrases are enzymes that break down carbohydrates and transform them into simple sugar. Common types of carbohydrases include amylases, pectinases, cellulases, pullulanases, lactases, and mannanases. These enzymes are primarily used in the food and beverages, textiles and leather, bioethanol, and detergents industries. The food and beverages segment accounted for the largest revenue share in the global market in 2020. Increasing usage of industrial enzymes in various processed food items is anticipated to drive growth of this segment.

The report also highlights technological advancements and rising investments in research and development activities as other factors driving the high demand for industrial enzymes. For example, the EU 2020 FuturEnzyme project aims to develop more sustainable detergents, textiles, and cosmetics using enzymes, thereby reducing the usage of harmful chemical agents and improving environmental sustainability. Companies are focusing on substituting chemical agents in a variety of industrial processes with sustainable enzymes.

The increasing adoption of high-performance enzymes in the food and beverage industry is another factor expected to drive market revenue growth over the forecast period. The report also provides some key highlights such as the launch of Danisco Animal Nutrition's phytase enzyme, Axtra PHY GOLD, and Carbios' announcement of a new demonstration plant capable of processing over 2 tons of PET per cycle.

North America is expected to account for a steady revenue share in the industrial enzymes market over the forecast period due to technological advancements in key end-use industries such as food processing, pharmaceuticals, and others, as well as increasing focus on biotechnological research and development activities. The major companies profiled in the market report include Advanced Enzymes, Amano Enzymes, Aumgene Biosciences, Biocatalysts, Enzyme Supplies, Creative Enzymes, Enzyme Solutions, Enzymatic Deinking Technologies, Sunson Industry Group, DuPont, and DSM.

The global industrial enzymes market has been segmented based on type, source, form, application, and region. The type segment includes carbohydrases, lipases, proteases, polymerases and nucleases, and others. The source segment includes plant, microorganism, and animal. The form segment includes liquid and dry. The application segment includes food and beverages, bioethanol, detergents, textiles and leather, paper and pulp, wastewater treatment, feed, and others. Finally, the regional outlook includes North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Industrial Enzymes Market: Notable innovation

In the enzymes market, there are several notable innovations and developments that are worth mentioning. Here are some examples:

  1. FuturEnzyme project: The EU 2020 FuturEnzyme project, which is coordinated by the Spanish National Research Council and is worth €6 million, aims to develop more sustainable detergents, textiles, and cosmetics with the help of enzymes. The project aims to reduce the usage of harmful chemical agents and replace these with microbial enzymes to manufacture commercial products. This innovation can help reduce the environmental impact of the industrial processes involved.
  2. Axtra PHY GOLD: Danisco Animal Nutrition launched its phytase enzyme, Axtra PHY GOLD in July 2021, which helps feed producers to enhance sustainability and reduce the cost of production. The enzyme improves the availability of phosphorus in animal feed and reduces the excretion of phosphorus into the environment, leading to a more sustainable livestock production system.
  3. Carbios' demonstration plant: In September 2021, Carbios announced the completion of a new demonstration plant, which includes a depolymerization reactor capable of processing over 2 tons of PET per cycle, in Cataroux site in Clermont-Ferrand. The depolymerization reactor uses enzymes to break down PET plastic waste into its basic components, which can then be used to produce new PET products, reducing the amount of plastic waste that ends up in landfills or oceans.
  4. These innovations and developments demonstrate the increasing focus on using enzymes as a more sustainable and efficient alternative to traditional chemical agents in a variety of industrial processes.

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