Industrial Enzymes Market to reach 6.30 Billion USD by 2022

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MarketsandMarkets Presents
Industrial Enzymes Market- Global Forecast to 2022
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The industrial enzymes market 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. Browse 86 market data
tables and 62 figures spread through 168 pages
and in-depth TOC on Industrial Enzymes Market by
Type (Amylases, Cellulases, Proteases, Lipases,
and Phytases), Application (Food Beverages,
Cleaning Agents, and Animal Feed), Source
(Microorganism, Plant, and Animal), and Region -
Global Forecast to 2022 Industrial enzymes are
widely accepted in food beverage applications,
owing to their functional properties. They play
an important role in determining the desired
attributes such as taste, mouthfeel, texture,
appearance, and flavor in food beverage
applications and are also used for the production
of biofuels. Next-generation enzymes such as
psychrozymes have expanded the application areas
of industrial enzymes in the food beverage,
animal feed, textile leather, and biofuel
sectors, thus driving the overall market for
industrial enzymes. The global industrial
enzymes market has grown exponentially in the
last few years and this trend is projected to
continue. With the advent of strong RD
capabilities, companies are developing industrial
enzymes that are of organic natural origin and
can act as alternatives to chemicals whose usage
is strictly regulated by government agencies.
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Proteases projected to be the largest
segment Proteases accounted for the largest
market share in the industrial enzymes market due
to their wide range of applications in food
beverage, detergent, and biofuel industries.
Protease enzymes have been used in food
processing for centuries in traditional
applications such as deriving cheese, curd, and
whey from milk. The use of protease in animal
feed contributes significantly to the growth of
the animal feed enzyme market. Food beverages
The most widely preferred industrial enzymes The
food beverages segment accounted for the
largest share in the industrial enzymes market,
in terms of value, in 2016. The extensive
requirement of carbohydrases in food processing,
brewing, baking, and biofuel manufacturing has
been one of the key drivers of the industrial
enzymes market. With recent developments in
enzyme technology and the introduction of several
enzyme blends and genetically modified enzymes,
industrial manufacturers are compelled to
optimize their yield and processing capabilities,
to achieve the desired result. Industrial enzymes
play a significant role in accelerating
industrial processes and optimizing yield (5 to
8) from the same quantity of raw materials,
making them a crucial part of the food processing
industry. Asia-Pacific projected to be the most
lucrative market for industrial enzymes In 2016,
the Asia-Pacific region accounted for a
significant share of the global industrial
enzymes market and is projected to grow at the
highest CAGR during the forecast period. The rise
in population, per capita income, healthcare
expenditure, increase in awareness of diseases,
buying power of population, and rapid growth in
technologies have led to the growth in
opportunities in Asia-Pacific region for
industrial enzymes. Make an Inquiry
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• The leading players in the industrial enzymes
  market are considered for this study. A brief
  description of the company and their products are
  mentioned in the company profiles. Detailed
  insights about the key strategies and recent
  developments of the companies in attaining a
  strong position in the dairy ingredients market
  provided. The key players in this market are BASF
  SE (Germany), DowDuPont (US), Associated British
  Foods plc (UK), Koninklijke DSM N.V.
  (Netherlands), and Novozymes A/S (Germany). These
  companies use strategies such as mergers
  acquisitions, expansions investments, and new
  product launches to strengthen their position in
  the market.
• Scope Of The Report
• On the basis of type, the industrial enzymes
  market has been segmented into
• Amylases
• Cellulases
• Proteases
• Lipases
• Phytases
• Others
• On the basis of source, the industrial enzymes
  market has been segmented into
• Micro-organisms
• Plants
• Animals

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• On the basis of Application, the industrial
  enzymes market has been segmented into
• Food beverages
• Baked goods
• Dairy
• Others
• Cleaning agents
• Laundry detergents
• automatic dishwashing detergent
• Others
• Animal feed
• Other enzymes
• On the basis of region, the industrial enzymes
  market has been segmented into
• North America
• Europe
• Asia Pacific  
• RoW (South America and Middle East African
  countries)

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