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Industrial Enzymes Market Segments and Key Trend Overview till 2024

The market is expected to witness significant growth owing to increasing substitution of chemicals with industrial enzymes particularly in food & beverage and nutraceutical applications. The Global Industrial Enzymes Market is expected to reach USD 9.63 billion by 2024, according to a new report by Grand View Research, Inc.


Growing applications of industrial enzymes for use in detergents and as ingredients in food processing industry is expected to fuel the demand. Proteases are extensively used in the detergent industry owing to its superior stain removal properties. However, the demand in the detergent application is expected to witness sluggish growth owing to market saturation.

Growing use of protease in bakery products is expected to drive market growth. Furthermore, increasing application scope of the product in nutraceutical industry as a digestive enzyme is expected to drive demand.

Technological advancements in the field of industrial enzymes have led to the use of the product as cleaning agents. The increasing use of enzymes or waste water treatment is also expected to drive the demand over the forecast period.

To Know More About Industrial Enzymes Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/industrial-enzymes-market

Neozymes, DSM, and Danisco dominated the global industrial enzymes market in 2015 with the industry being characterized by forward integration by manufacturers to distribution and end-use. Manufacturers such as DuPont and DSM manufacture industrial enzymes for specialized applications. The global industrial enzymes market is dominated by North America due to the presence of a large number of manufacturers in the U.S. and Canada.

Top Players of Industrial Enzymes Market:

Key players in the industry include BASF SE, Koninklijke DSM N.V, Novozymes A/S., Associated British Foods PLC E. I. Du Pont De Nemours and Company Adisseo France SaS, Dyadic International Incorporated CHR, Codexis Incorporated. Hansen Holding A/S, and Amano Enzyme Incorporated.

Market Segmentation of Industrial Enzymes Market:

The Global Industrial Enzymes Market segmented on the basis of Product, Application, End-Use and Region.

By Product:

    Carbohydrase
    Proteases
    Lipases
    Polymerases & nucleases

By Application:

    Technical
    Feed additive
    Food processing

By End-Use:

    Food & beverage
    Detergents
    Animal feed
    Textile
    Paper & pulp
    Nutraceutical
    Personal care & cosmetics
    Wastewater

Inquire about Industrial Enzymes Market with Our Experts @ https://www.grandviewresearch.com/inquiry/2868
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