Industrial Enzymes Market Report
The rising environmental concerns, increase in demand for carbohydrase and protease in the food and beverage industry, and growing R&D activities leads to industrial enzyme market proliferation. The rapid industrialization, surging bioethanol demand, and advancements made in the nutraceutical sector also boost the market. Besides this, developments in enzyme engineering and green chemistry and the rising use of genetically engineered enzymes in the industry lead to market expansion.
Carbohydrases sales to industrial companies value the most, ascribed to the various uses of these enzymes in numerous industries such as animal feed, pharmaceuticals, and food and beverage industries. Carbohydrase offers numerous benefits such as cost-effectiveness, less time consumption for performing functions, and easy optimization and modification of the processes. On the other hand, cellulases are extensively used in the textile industry for manufacturing cellulose-containing materials. These are utilized in the processing steps and developing new textures.
North America holds a significant share of the industrial enzymes market. It is expected to retain the same position in the market by 2030. The increased clinical trials to develop the surging technological advancements, potent therapeutics, and rising development of high-potential items such as biofuels, processed foods, biopolymers, and the growing food and beverage processing industry with the presence of the major players in the region results in expansion of the market.
The key players in the industrial enzymes market are focusing on launching new products to enhance their portfolio and improve their position. For instance, Sweety Y-1 was launched by the Chr. Hansen Holding AS for dairy manufacturers to produce sweet products without sugar. It can convert the sugars in milk into glucose utilizing lactose. The major key players in the market are Novus International Inc., DuPont Danisco Cellulosic Ethanol LLC, Novozymes A/S, Chr. Hansen Holding A/S, Enzyme Development Corporation, and Associated British Food plc.
Therefore, the rising demand for industrial enzymes in the food and beverage industry proliferates the market.
