Knowledge Sourcing Intelligence announces the publication of a new report on “Industrial Enzymes Market - Forecasts from 2020 to 2025” to their offering.
Rising demand for and consequent R&D investments in animal feed, cosmetics, food and beverage, paper and pulp, pharmaceutical, and wastewater treatment, among others, are a few major factors that are expected to thrust the growth of this market.
As per the report, the market pertaining to Industrial Enzymes Market is expected to reach US$ 10.047 billion by 2025, from US$ 7.079 billion in 2019.
The rapidly growing demand for processed food and beverage products has led to the increasing R&D activities to enhance the texture, flavor, and taste of the concerned products to increase the competitive advantage thereof. There is an ever-increasing demand for personal care products owing to the rising consciousness as well as social media influences and geriatric population. Further, growing health and environmental consciousness has led to a demand for the personal care product that not only are devoid of harmful chemicals but also doesn’t adversely affect the environment has led to the employment of industrial enzymes in a variety of nutraceuticals leading to an expansion of the market share of digestive and nutritional enzymes as well as in a new genre of personal care products. The increasing demand for animal feed and the consequent innovation to reduce detrimental effects in the food chain which occurs by the means of biomagnification and bolster the nutritional value of the feed are a few factors that are in part expected to drive the market for industrial enzymes during the next few years.
Moreover, with the gradual growth of the global population, the very requirement of sustenance will entail a rise in enzyme production levels which essentially one of the integral components in animal feed resulting in improve animal health consequently resulting in yield maximization which in turn has become the priority of national governments and multilateral policies to ensure superior global nourishment Additionally, the rapid urbanization and adoption of new trends will further drive the need for industrial enzymes. Also, from around 751 million in 1950 to approximately 4.2 billion in 2018 (UN Statistics) the global urban population has grown. Additionally, continuous rural to urban migration, the consequent increase in disposable income has collective resulted in the shift away from indigenous and traditional lifestyle, and the adherence of modern standards and means of living. This shift has brought about an impact in consumption levels that has led to healthy demand for industrial enzymes to facilitate product innovations making the market competitive for further expansion. The effects of rapid urbanization also transcend to receipt of better education leading to high-income generation capacity as well as a conscientious inclination to invest in personal grooming through the means of personal care products leading to a growing interest in enzymologyfor cosmetic and dermatology application. The widely acknowledged benefits of employing industrial enzymes in cosmetics include antibacterial benefits exfoliation, free radical scavenging, protein breakdown, and structural reinforcement, among others.
For instance, in February 2018, DuPont Industrial Biosciences (DuPont) had reportedly announced the launch of GENENCARE® OSMS PRO – which is a new product aimed at the personal care industry with a reported capability pf protecting skin from pollution while contributing to the defense processes at a cellular level. This product is essentially an anti-pollution active ingredient and is a combination of pure osmolytes and amino acids, that is primarily responsible for the detoxification of skin through the means of three complementary cellular pathways activated by stress factors. It is known to protect against DNA damage, lipid peroxidation, protein carbonylation that stems from urban pollution and UV. Through the induction of factors pertaining to oxidative stress transcription and the antioxidant enzyme HO-1, it is known to prepare the cells to fight pollutants. Also, in march 2018, it was reported that the majority stake of leading specialty enzyme producer Biocatalysts Ltd. was acquired by bio-economy company BRAIN AG to augment the Bio Industrial segment of the latter by facilitating access to attractive markets concerning specialty enzyme and superior enzyme production facilities. With a strong complementary portfolio that strategic partnership between two companies is expected to increase the commercial opportunities by accelerating development, production, and marketing of innovations in ever-evolving bioeconomy.
As a part of the report, the major players operating in the industrial enzymes market, which have been covered are Jiangsu Boli Bioproducts Co., Ltd, Nature BioScience Pvt. Ltd., DuPont de Nemours, Inc., Novozymes, BASF SE, DSM, AB Enzymes, and Amano Enzyme Inc.
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This report segmented the industrial enzymes market on the basis following terms: