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 o