Global Industrial Enzymes Market 2018-2022
About Industrial Enzymes
Enzymes are macromolecular biological catalysts used for accelerating chemical reactions. The molecules upon which enzymes act are called substrates, and the enzymes convert the substrates into different molecules known as products.
Technavio’s analysts forecast the global industrial enzymes market to grow at a CAGR of 5.86% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global industrial enzymes market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Industrial Enzymes Market 2018-2022
Technavio recognizes the following companies as the key players in the global industrial enzymes market: Amano Enzyme, Codexis, DowDuPont, Koninklijke DSM, and Novozymes.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is recent advances in enzyme technology. The considerable progress in genetics and process technology enables the industrial enzymes market to offer improved and cost-effective products. Genetic engineering enables the selection of host organisms and safe cultivation conditions. Frequently, an enzyme with unsuitable properties is found in an organism that is unsatisfactorily characterized or related to a toxin-producing or pathogenic organism.”
According to the report, one driver in the market is increasing demand for food enzymes. Food enzymes are extracted from micro-organisms using advanced technologies and impart anti-stale, digestive, and softening properties to food products, thereby increasing their shelf-life. Enzymes such as protease, lipase, and carbohydrase are commonly used in meat products; bakery, dairy, and frozen food products; oils and fats; confectioneries; and others to keep the nutritional content intact due to the complexities in the global food supply chain.
Further, the report states that one challenge in the market is complex production process. The commercial production of enzymes requires different technologies and technological knowledge to combine the techniques of microbiology, genetics, and biochemistry. The production of enzymes is increasing day-by-day, resulting in the increase in the demand for enzymes due to its increased use in various applications.
Amano Enzyme, Codexis, DowDuPont, Koninklijke DSM, and Novozymes.