Global enzymes market expected to boost by the growing adoption of enzymes in food & beverages, biofuel and animal feed industry
enzymes market
Global Enzymes market trend assessed to grow with a remarkable rate during the forecast period, 2020-2027. It is due to the shifting consumer preferences towards packaged and processed foods attributable to increasing awareness about food safety & security. Moreover, the surge in applications of enzymes in various industries such as paper processing, biofuels, contact lens cleaners, rubber processing, biological detergents, and molecular biology will contribute to expansion in the global enzymes market in the projected periods. The primary role of enzymes is to increase the proportion of digested nutrients in the feed and improve the utilization of the feed. Enzymes naturally secreted by pigs and poultry cannot break down the cell wall, so they can only be degraded by adding the corresponding enzymes to the feed.
Additionally, the rise in demand for renewable energy resources such as biofuels, and the increasing prevalence of various chronic diseases such as digestive diseases and inflammation will boom the global enzymes industry. Furthermore, the rapid penetration of organized retail in the untapped rural & urban areas along with growing population requirements and need to improve food flavor, quality, and texture will boost the global enzymes market in the projected years. The alkaline protease preparation in the enzyme-added washing powder can degrade various protein dirt such as milk stains and blood stains into small molecule peptides that are easily soluble in water. The main producing bacteria of alkaline protease is certain Bacillus.
Product Type Overview in the Global Enzymes Market
Based on product type, the global Enzymes market classified into Proteases, Lipases, Carbohydrases, Polymerases & Nucleases, Phytases, and Catalyses. The Carbohydrases segment projected to gain maximum share in the market by 2027, owing to the rise in demand for carbohydrases as the catalyst for converting carbohydrates into sugar syrup such as glucose and fructose. Additionally, Carbohydrases used for producing prebiotic products and artificial sweeteners.
Source Overview in the Global Enzymes market
Based on the source, the global enzymes market categorized into Microorganism, Plant, and Animal. The Plant segment likely to lead the market by 2027. On account of plant-based enzymes helps break down proteins that are present in fish, meat, eggs, poultry, nuts, and cheese.
Application Overview in the Global Enzymes Market
Based on application, the global enzymes market classified Industrial Enzymes (Food & Beverages, Detergent, Animal feed, Biofuels, Textiles, Paper & pulp, Nutraceutical, Personal care & cosmetics, Wastewater and Others) and Specialty Enzymes (Pharmaceutical, Research & Biotechnology, and Diagnostics). The Industrial Enzymes segment projected to register CAGR by 2027, due to the increasing demand for processed food among consumers coupled with the surge in awareness regarding their health benefits. Enzymes also improve feed productivity & quality and indicate a positive influence on animal welfare.
Regional Overview in the Global Enzymes Market
By geography, the Global Enzymes Market segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America anticipated dominating the market by 2027, owing to the rising feed production, which leads to the increasing demand for enzymes in this region. Additionally, the strong presence of several end-use industries, along with a high scope for R&D in the region, is promoting growth.
Global Enzymes Market: Competitive Landscape
Companies such as BASF SE, Novozymes, DuPont Danisco, DSM, Associated British Foods plc, Chr. Hansen Holding A/S, Advanced Enzyme Technologies., Kerry group, Dyadic international, inc, Aumgene bioscience, Amano enzyme, Roche holding, Codexi, and Sanofi are the key players in the Global Enzymes Market.
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