Global Industrial Enzymes Market Projected to Grow at 8.8% CAGR through 2025

ALBANY, USA, 2018-Mar-22 — /EPR Network/ —The global industrial enzymes market is projected to grow at a CAGR of 8.8% during the assessment period 2017-2025, and reach a valuation of over US$ 6 billion. These projections are according to a new research report added to the repository of Market Research Reports Search Engine (MRRSE). The report titled “Industrial Enzymes Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025” offers holistic analysis and insights on the global industrial enzymes market.

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According to the report, the global demand for industrial enzymes is likely to grow at a steady pace, owing to rising applications in the food and beverage industry. Government support and favorable policies on boosting the adoption of industrial enzymes is likely to provide an impetus to market growth during the assessment period.

In addition to the food and beverage industry, the demand for industrial enzymes is also growing at a steady pace in the pharmaceutical segment. The advances in biotechnology are creating favorable factors for the wider adoption of industrial enzymes in pharmaceutical enzymes. The wider adoption of food and beverage in pharmaceutical industry is likely to provide an impetus to market growth during the assessment period.

The report offers detailed segment-wise analysis to readers, with market forecast offered on the basis of type, application, and region. On the basis of type, the key application segments include carbohydrases, lipase, protease, phytase, polymerases & nucleases. By application, the key segments include bioenergy, food and beverages, animal feeds, personal and household care, and others. The region-wise analysis has been offered on the basis of North America, Middle East & Africa (MEA), Latin America, Europe, and Asia Pacific.

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According to the report, Asia Pacific will continue to be one of the largest markets for industrial enzymes during the assessment period. Growing demand for industrial enzymes in Asia Pacific on account of rising adoption in the food and beverage industry is likely to promote growth during the assessment period. In Asia Pacific, China and India are among the leading markets for industrial enzymes owing to the high population in the region. In addition to Asia Pacific, North America is another lucrative market for industrial enzymes.

The report also offers a completion landscape that details the product and business strategies of some of the key players in the market. Some of the leading players in the market include Associated British Foods (ABF) plc. Chr. Hansen, E.I.du Pont de Nemours and Company, Advanced Enzyme Technologies Ltd., Codexis Inc., Novozymes A/S, Novus International Inc., AB Enzymes GmbH, Koninklijke DSM N.V

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