Growingstrategic planning by key players is expected to bolster growth in the global industrialenzymes market. Leading players in this market are gettinginvolved in partnership, mergers, and acquiring small or medium companiesoperating in same or similar market to strengthen their position in the market.They are also using advanced technologies to provide better and advancedproducts to their customers. More importantly, these players are usingcutting-edge technology platforms to meet the growing demand from variousindustries. Furthermore, large number of players are entering intocollaborations to boost production of industrial enzymes and gain a competitiveedge over their rivals. According to the report, few of the key players in theglobal industrial enzymes market are Novus International Inc., Koninklijke DSMN.V., AB Enzymes GmbH, E.I.du Pont de Nemours and Company, and AssociatedBritish Foods (ABF) plc.
As per theanalysts’ at Transparency Market Research foretell that the global industrialenzymes market is likely to witness high growth by progressing at steady 8.8%CAGR between 2017 and 2025. By rising at this growth rate, the market isexpected to earn revenue of US$12.84 bn by the end of 2025. In 2016, the marketwas valued at US$6.06 bn
In theglobal industrial enzymes market, the demand in the proteases and carbohydrasessegments is high. Together these two segments hold dominant share in themarket. Increasing demand for proteases and carbohydrases in the animal feedand food and beverages industries is responsible for growth of these segments.On the regional frontier, developed regions are leading the market, as there isa huge investment in the food and beverages industries. On the other hand, AsiaPacific market is also considered as a fastest growing regional market thatwill boost the growth in the global industrial enzymes market.
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WidespreadApplications of Industrial Enzymes to Augment Market Growth
Theglobal industrial enzymes market is expected to rise significantly in thecoming years due to increasing applications in various industries. Especiallytalking about the pharmaceutical sector, industrial enzymes are used inproducing high-quality cost-effective products. And in the food and beveragesindustry, industrial enzymes are used while making bakery products, wine makingand brewing, fruit juices, and cheese. Moreover, increasing investment in foodand beverages industry is likely to bolster demand in this market.
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Even in the personal care products, industrial enzymes are usedfor preparing toothpaste, skin repair creams, whiteners, and mouthwashes.Considering all these factors, the global industrial enzymes market isprojected to grow considerably. Furthermore, growing demand for packaged foodand processed food across various regions and increasing demand for bio-fuelsare likely to push growth in the global industrial enzymes market.
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Strict RegulationsPolicies Challenges Easy Adoption of Industrial Enzymes
Eventhough, various driving factors are expanding the global industrial enzymesmarket, some restraints could hamper growth in this market. Strict regulationspolicies are one of the major restraining growth in the global industrialenzymes market. Moreover, lack of transparency in patent protection laws mightfurther obstruct the market performance. Adding further, industrial enzymesonly function under a particular ph level and temperature that also somewherelimits growth if industrial enzymes.
Despitethese restraints, growing application of industrial enzymes in variousindustries including food and beverages, personal care products and cosmetics,bio-energy, and animal feed will help in overcoming these challenges.
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