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Industrial Enzymes Market to reach 6.30 Billion USD by 2022

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. <br>Read more: https://www.marketsandmarkets.com/Market-Reports/industrial-enzymes-market-237327836.html

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Industrial Enzymes Market to reach 6.30 Billion USD by 2022

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  1. MarketsandMarkets™ Presents Industrial Enzymes Market- Global Forecast to 2022 https://www.marketsandmarkets.com/Market-Reports/industrial-enzymes-market-237327836.html

  2. 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 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. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=237327836

  3. 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: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=237327836

  4. 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

  5. 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) Request Sample: https://www.marketsandmarkets.com/requestsampleNew.asp?id=237327836

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  7. 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.

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