Dublin, Aug. 27, 2021 (GLOBE NEWSWIRE) -- The "Global Markets for Enzymes in Industrial Applications 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global market for enzymes in industrial applications should grow from $6.4 billion in 2021 to $8.7 billion by 2026, at a compound annual growth rate (CAGR) of 6.3% for the period of 2021-2026.
The global market's growth is driven by increasing importance of industrial enzymes due to new application areas, increasing demand for food due to growing populations, increasing energy demands due to rising energy consumption and the rising cost of fossil fuels.
Enzymes are an integral part of various industries: food, textile, leather, detergent, animal feed and biofuel. Innovation in industrial enzyme applications has revolutionized the biotech industry and provides an opportunity to reduce pollution and manufacturing costs. Enzyme technology refers to the use of isolated and purified enzymes (catalysts) in various industrial processes. Enzymatic processes are rapidly becoming better financial and ecological alternatives to chemical processes due to the cost-effective, biodegradable nature of enzymes.
Enzymes are complex protein molecules produced by living organisms. Enzyme use in daily routines dates to ancient times when yeast or other microorganisms were used to make bread and wine. Today, protein engineering, an example of biotechnological advancement, allows for more efficient use of raw materials and energy by enabling more efficient processes. Enzymes can be designed to be active at high or low temperatures, or in very alkaline or acidic conditions. Biotechnological advancements have led to the replacement of harsh chemicals with biodegradable enzymes in various industrial processes. Enzymes speed up reactions without being destroyed.
Enzymes possess several benefits and cause few environmental pollution problems. For example, enzymes can reduce the use of sulfides in tanneries. Enzymes can replace pumice stone for stonewashing jeans and can replace acids in the starch-processing industry.
Enzymes can also replace oxidizing agents in fabric de-sizing, reduce animal waste by enabling complete digestion of animal feed and reduce the use of surfactant in detergents. Enzyme-based processes are gradually replacing chemical processes in many areas of industry. Higher product quality, lower manufacturing cost, less waste and reduced energy consumption are some advantages of enzymes.
Some key factors responsible for the growth of the enzyme market include new enzyme technologies, surging demand from the food industry and from producers of animal feed and increased need for more renewable sources of energy, like cellulosic bioethanol."
The Report Includes:
- 27 data tables and 48 additional tables
- An updated review of the global markets for enzymes in industrial applications within the biotech industry
- Analyses of the global market trends, with historic data from 2019-2020, estimates for 2021, and projections of compound annual growth rates (CAGRs) through 2026
- Evaluation of the potential market size and revenue sales forecast of global enzyme applications market, and corresponding market share analysis by type of enzyme, application and region
- A comprehensive analysis of the enzymes industry and its sub-segments in the global market, thereby providing a detailed structure of the industry
- Country-level market value analysis for various segments of the enzymes in industrial applications market covering nations, including the U.S., Canada, France, Germany, UK, Italy, Spain, Japan, China and India etc.
- Discussion of the key market dynamics, new technology advancements, regulatory aspects, and increasing R&D activities in the global market for industrial enzymes
- Impact analysis of the COVID-19 pandemic on the global economy as well as against the overall MedTech industry
- Highlights of major growth strategies adopted by leading players in the market for industrial enzymes, their competitive benchmarking and company share analysis
- Descriptive company profiles of the leading market participants including BASF Corp., DSM, DuPont, Novozymes A/S, and Sunson Industry Group
Market Dynamics
Market Drivers
- New Application Areas
- Growing Populations
- Increasing Energy Demands
- Rising Cost of Fossil Fuel
Market Restraints
- Complex Enzyme Production
Market Opportunities
- Textile and Detergent Industries
- Growing Environmental Concerns
- Innovations in Manufacturing
- Advantageous Profile of Enzymes
Market Challenges
- Stringent International Laws
Regulatory Aspects of Industrial Enzymes
- Comparative Analysis of Enzyme Regulations
- Identity of an Enzyme
- Enzymatic Regulation in Canada
- Enzymes in the Context of Food Regulation
- Harmonized Regulation in the EU
- JECFA Guidelines
- Perspectives from the Industry
- Regulation of Food Enzymes in the U.S.
- Regulation for Animal Feed Enzymes
- Enzymes in Cosmetics
- Comparison of Regulatory Practices
- Parameters for Enzyme Identification
- Genetically Modified Microbes
- Production Requirements for Industrial Enzymes
- Generally Recognized at Safe (GRAS) Notices
Company Profiles
- AB Enzymes Gmbh.
- Adisseo France Sas
- Advanced Enzyme Technologies Ltd.
- Amano Enzyme Inc
- Amicogen Inc.
- AUM Enzymes
- BASF Corp.
- Biocatalysts Ltd.
- CHR. Hansen
- Direvo Industrial Biotechnology Gmbh
- Dsm
- Dupont
- Dyadic International
- Enzymicals Ag
- Genofocus Inc.
- Maps Enzymes Ltd.
- Novozymes A/S
- Specialty Enzymes And Biotechnologies Co.
- Sunson Industry Group
For more information about this report visit https://www.researchandmarkets.com/r/9d54qy
