The Industrial Enzymes Market is predicted to reach USD 6.95 Billion by 2028, according to a new report by Reports and Data. The industrial enzyme market is fueled by the rising demand for food and beverages due to the increase in disposable income and changing lifestyle. Introduction of bio-fuel as a substitution for fossil fuels and a conventional source of energy is also encouraging the growth of the market. Governments across the world are encouraging consumers to switch to bio-fuel to encourage a clean and green environment. Another driving factor is the rising investment in food and beverages and pharmaceutical industries. Advancement in biotechnology is also encouraging the growth of the market in the field of protein engineering.
North America has the largest market share in the Industrial Enzyme Market. Increasing demand for food and rise in disposable income of the people is driving the market. The region invests heavily in the food and beverage industry. The Asia Pacific region is forecasted to be the highest growing market due to the rising demand for food and beverage from the growing population in countries like India and China.
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Key companies profiled in the Industrial Enzymes report are:
Amano Enzyme Inc.,
BioResource International Inc., Chr.
Hansen Holdings AS,
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Industrial Enzymes Market Segmentation based on Types:
Industrial Enzymes Market Segmentation based on Application:
Detergents and Cleaners
The global Industrial Enzymes market Size has been categorized into several significant regions, such as North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. This section of the report analyzes the presence of the global Industrial Enzymes market across the major regions. It determines the market share, market size, revenue contribution, sales network and distribution channel, and other key elements of each regional segment.
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Further key findings from the report suggest:
Proteases hold the largest market share of 22% in the year 2020 and are forecasted to hold a market share of 23% in the year 2028 with an annual growth rate of 4.4% throughout the forecast period.
Protease is an essential enzyme as it is used for digestion of protein. It can hydrolyze every type of protein as long as they are not components of living cells.
Lipases hold the market share of 19% in the year 2020 and are forecasted to hold a market share of 20% in the year 2028 with an annual growth rate of 4.5% throughout the forecast period.
Microorganisms are the primary source for industrial enzyme as they are economical, effective and are easily available.
Microorganisms hold the largest market share of 37% in the year 2020 and are forecasted to hold a market share of 38% in the year 2028 with an annual growth rate of 4.2% throughout the forecast period.
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