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Enzymes Market Trends

Report ID: GMI743
Published Date: Oct 2023
Report Format: PDF

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Enzymes Market Trends

The growing adoption of enzymes in the manufacturing of biofuels from renewable sources, such as cellulose and algae will drive the industry growth. For instance, in July 2021, global ingredient manufacturer Kemin Industries added ZyloZyme™ AA, an efficient and high-temperature alpha-amylase to cater to uses during liquefaction to expand its biofuels enzyme portfolio. The rising demand for sustainable energy sources along with the surging advancements in enzyme technologies will also prove favorable for product uptake.

Authors: Kunal Ahuja, Tushar Malkani

Frequently Asked Questions (FAQ) :

The market size of enzymes is anticipated to record over 6.8% CAGR from 2023 to 2032, driven by the rising consumer attention to healthier food options.

The enzymes market from food & beverages segment is expected to witness more than 7.8% CAGR through 2032, owing to the rising intake of processed food products on account of increasing urban lifestyles worldwide.

Asia Pacific enzymes market size is expected to record around 7.3% growth rate from 2023 to 2032, owing to the rapid rate of urbanization and changing dietary habits.

BASF, Roche Holding, Chr. Hansen Holding A/S, Ab Enzymes, Amano Enzymes, Royal DSM, Kerry Group, Codexis, Novozymes, Sanofi and Danisco are some of the prominent participants operating in the global market.