Global Industrial Enzymes Market 2022-2028
Enzymes are proteins that catalyze chemical reactions. As such, enzymes have been widely used to facilitate industrial processes and the production of products, and these enzymes are referenced as industrial enzymes. The use of enzymes in various industries is increasing rapidly due to reduced processing time, low energy input, cost effectiveness, nontoxic and eco-friendly characteristics. The Global Industrial Enzymes Market is projected to reach USD 9,269 million, recording a CAGR of approximately 6.1 percent from 2022 to 2028.
The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global industrial enzymes market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the industrial enzymes industry.
This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, end user, and region. The global market for industrial enzymes can be segmented by product: carbohydrases, lipases, phytases, polymerases, proteases, others. Globally, the carbohydrases segment made up the largest share of the industrial enzymes market. Industrial enzymes market is further segmented by end user: food & beverage, cleaning agents, animal feed, biofuel, textiles, pulp & paper, leather processing, others. The food & beverage segment captured the largest share of the market in 2021. Based on region, the industrial enzymes market is segmented into: Asia Pacific, Europe, North America, Rest of the World (RoW). According to the research, North America had the largest share in the global industrial enzymes market.
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