Industrial Enzymes Market 2022 | Top Companies are Novozymes A/S, BASF SE & DuPont De

CITY – Northbrook, Country -USA, 2020-Mar-06 — /EPR Network/ —

The global industrial enzymes market caters to different industries such as food, feed, and cleaning agents; it also has its applications of bio-fuels. The type, quality and blend of industrial enzymes used define the quality of the products. Industrial enzymes are used in the food industry for various applications such as dairy, baked goods, beverages, and processed foods. They play a significant role in meeting the desired attributes, such as taste, texture, mouthfeel, and form of the final products.

Key strategies such as new product launches, expansions, investments, acquisitions, agreements, partnerships, and collaborations were adopted by the prominent players to meet the increase in demand for industrial enzymes by the food, feed, and cleaning agents industries.

The key players in the industrial enzymes market include Novozymes A/S (Denmark), BASF SE (U.S.), E.I. DuPont de Nemours and Company (U.S.), Associated British Foods plc (U.K.), and Koninklijke DSM N.V. (Netherlands). Other players include Dyadic International Incorporated (U.S.), Advanced Enzyme Technologies Ltd (India), Adisseo (China), Chr. Hansen Holding A/S (Denmark), and Amano enzyme (Japan).

The industrial enzymes market was valued at USD 4.61 billion in 2016, and is projected to grow at a CAGR of 5.8% from 2017, to reach USD 6.30 billion by 2022.

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Potential Audience For industrial enzyme market:

• Enzyme manufacturers
• Enzyme importers and exporters
• Enzyme traders, distributors, and suppliers
• Food & beverages, animal feed & cleaning agents
• Government and research organizations
• Raw material producers, suppliers, and distributors
• Research and consulting firms

Innovative new product launches, strategic acquisitions, and organic expansions were the core strengths of the leading players of the industrial enzymes market; these strategies were adopted by the players to increase their market presence. They helped the players diversify their businesses geographically, strengthen distribution networks, and enhance their product portfolios. Market leaders such as C Novozymes A/S (Denmark), BASF SE (U.S.), E.I. DuPont de Nemours and Company (U.S.), Associated British Foods plc (U.K.), and Koninklijke DSM N.V. (Netherlands) successfully tapped the potential markets through new product launches, expansions, investments, and acquisitions.

Novozymes A/S (Denmark) manufactures a wide range of enzymes and microorganisms used in food production, animal feed, textile, and other industrial applications. The company adopted new product launches, investments, and acquisitions as its business strategies to expand its presence and operations, globally. In November 2014, Novozymes launched the new cold bleaching technology that would offer cold bleaching solutions to denim manufactures.

Koninklijke DSM N.V., a global science-based company is engaged in health, nutrition, and materials business. DSM N.V. intends to focus on growth and expansion strategies, new product launches, along with key acquisitions. The company strategizes its expansions and growth plans by incorporating new innovation centers in the U.S. and Singapore.

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