Industrial Enzymes Market is predicted to thrive at a CAGR of 6.01% over the period 2020-2025
Knowledge Sourcing Intelligence announces the publication of a new report on “Industrial Enzymes Market- Forecasts from 2020 to 2025" to their offering.
Industrial Enzymes market is driving due to the rising demand for cosmetics and personal care products due to the global aging population and growing awareness about the benefits of the product like enhancement of product’s texture, taste, and flavor.
This report provides forecast and analysis of the industrial enzymes market which is estimated to surge US$10.047 billion by 2025.
The industrial enzymes are commercially used in several applications like pharmaceutical, chemical production, biofuels, food & beverage, consumer products, with the increasing advancement in the product over the years has increased its applications and made it more trustable for usage comparatively than its substitutes. The growing consciousness concerning good health and fitness is leading to increasing the demand for nutraceuticals which will further boost the market for digestive and nutritional enzymes and therefore increasing the market for the industrial enzymes. The increase in usage of animal feed for digestibility and nutritional value of the feed is to add to the increasing demand for industrial enzymes in the forecast period.
The Industrial Enzymes Market is segmented by product, by source, by end-user industry, and by geography. Segmented on the basis of the product are lipase, nuclease, carbohydras, polymerase, and others. Segmentation on the basis of the source is by animal, plant, microorganism, and algae. Segmentation on the basis of the end-user industry is by food & beverage, paper & pulp, cosmetics, pharmaceutical, wastewater, animal feed, and others. Segmentation on the basis of geography is North America, South America, Europe, Middle East and Africa, and Asia Pacific.
Geographically North America to have a significant share in the industrial enzymes market due to the presence of a large number of market players and rising investment in research and development activities, and with early adoption of technology across various end-user industries in the region. The Asia Pacific to witness the fastest growth in the industrial enzymes market due to the presence of developing countries like India and China, the industry is expected to grow. The market in the region is also growing due to the increasing need for food processing and pharmaceutical industries in developing nations. The growing concerns over wastewater management will further boost the demand for enzymes in the Asia Pacific Region.
Some of the major players covered as part of the report are Jiangsu Boli Bioproducts Co., Ltd., Nature BioScience Pvt. Ltd., DuPont de Nemours, Inc, Novozymes, BASF SE, DSM, AB Enzymes, Amano Enzyme Inc. among others.
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This report segmented the Industrial Enzymes Market on the basis following terms:
- Animal ‘plant
By End-User Industry
- Food & Beverage
- Paper and pulp
- Waste Water
- Animal Feed
- By Geography
- United States
Middle East and Africa
- Saudi Arabia
- South Korea
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