The Global Industrial Enzymes Market was $6.06 Bn in 2020, and it is expected to reach $13.50 Bn by 2030. It is eventually growing at a commendable high compound of annual growth rate CAGR of 8.3% between 2020-2030, as per the latest market research report titled Global Industrial Enzymes Market – Global industry analysis, size, share, growth, trends, and forecast, 2019-2030.
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Industrial enzymes are the complex proteins that help to speed up the reaction. Industrial enzymes apply for the production of fruit drinks, cheese, bread, and alcohol. It is nothing but the extract of the plant and animal tissue or microorganism. Apart from this, it can be used to produce bio-fuel, which is the alternative for non-renewable energy. Increasing demand for the industrial enzymes from the nutraceutical and animal feed industries is expected to boost the growth of the market. Apart from that, the rising consumption of bio-fuel is expected to boost market growth.
Moreover, the current pandemic of the COVID-19 effect on the Industrial Enzymes market. The growth rate graph changed slightly due to the pandemic situation. But it is expected that, after the pandemic of COVID-19, the market growth will reach a high position in the growth rate graph. Apart from that, the increasing enzyme industry across the world are anticipated to offer significant opportunities for market growth in the next forecast period of 2020 to 2030.
Geographically, The Industrial Enzymes Market is divided into global regions like North America, Europe, Asia- Pacific, Latin America, Middle East, and Africa.
The report covers a detailed outlook of the company, and it includes the market share and company or industry profiles of key players operating in the global market. Key players in the report include BASF (Germany), Novozymes (Denmark), DuPont (US), DSM (Netherlands), Kerry Group (Ireland), Dyadic International (US), Advanced Enzymes (India), Chr. Hansen (Denmark), Amano Enzymes (Japan), Megazyme (Ireland), Aumgene Biosciences (India), Biocatalysts (UK), Enzyme Supplies (UK), Creative Enzymes (US), and Enzyme Solutions (US) among others.
The Global Industrial Enzymes Market Has Been Segmented into:
- Other Carbohydrase
- Polymerases & Nucleases
- Other Types
By Source Type
By Application Type
- Food & Beverages
- Textiles & leather
- Paper & pulp
- Wastewater treatment
- Other Applications
By Form Type
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
Browse the full report at https://www.sheeranalyticsandinsights.com/market-report-research/industrial-enzymes-market-21