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.

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 R&D 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.

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 the population, and rapid growth in technologies have led to the growth in opportunities in Asia-Pacific region for industrial enzymes.

On the basis of type, the Industrial enzymes market was led by the Protease segment in 2016. Protease is the most essential enzyme for the digestion of protein. It can hydrolyze all types of proteins provided they are not components of living cells. As digestion of protein creates acidity, protease deficiency results in alkaline excess in the blood. An alkaline environment can cause anxiety and insomnia in the human body.

The Industrial enzymes market, on the basis of Sources such as actinoplanes, zymomonas, spinach, and snake venom can be used for commercial enzyme production. A larger number of enzymes find application in the food & beverage industry. Microorganisms are more preferred as sources for enzymes as they are economic, effective, and have a controllable enzyme content.

The market is segmented on the basis of application into food & beverages, cleaning agents, animal feed and others include bio-fuel production, starch processing, textile, and leather. Enzymes have numerous applications in the food & beverages industry as well. They are used in a wide range of food products and have recorded rapid growth and technological advancements in recent years.

This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as BASF SE (Germany), E.I. DuPont de Nemours and Company (U.S.), Associated British Foods PLC (U.K.), Koninklijke DSM N.V (Netherlands), and Novozymes A/S (Denmark).

Downlaod PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=237327836

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Click here to Read more about seed treatment fungicides market
@ https://www.marketsandmarkets.com/Market-Reports/industrial-enzymes-market-237327836.html

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]