Analysts forecast the global industrial enzymes market to grow at a CAGR of 5.86% during the period 2018-2022. One trend in the market is recent advances in enzyme technology.
The considerable progress in genetics and process technology enables the industrial enzymes market to offer improved and cost-effective products.
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Genetic engineering enables the selection of host organisms and safe cultivation conditions. Frequently, an enzyme with unsuitable properties is found in an organism that is unsatisfactorily characterized or related to a toxin-producing or pathogenic organism.
Major key players in the global industrial enzymes market: Amano Enzyme, Codexis, DowDuPont, Koninklijke DSM, and Novozymes.
According to the industrial enzymes market report, one driver in the market is increasing demand for food enzymes. Food enzymes are extracted from micro-organisms using advanced technologies and impart anti-stale, digestive, and softening properties to food products, thereby increasing their shelf-life.
Enzymes such as protease, lipase, and carbohydrase are commonly used in meat products; bakery, dairy, and frozen food products; oils and fats; confectioneries; and others to keep the nutritional content intact due to the complexities in the global food supply chain.
Further, the industrial enzymes market report states that one challenge in the market is complex production process. The commercial production of enzymes requires different technologies and technological knowledge to combine the techniques of microbiology, genetics, and biochemistry.
The production of enzymes is increasing day-by-day, resulting in the increase in the demand for enzymes due to its increased use in various applications.
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Key questions answered in this report
What will the market size be in 2022 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
Few Points from List of Exhibits provided in Global Industrial Enzymes Market 2018-2022:
Exhibit 1: Parent market
Exhibit 2: Global specialty chemicals market
Exhibit 3: Market characteristics
Exhibit 4: Market segments
Exhibit 5: Market definition - Inclusions and exclusions checklist
Exhibit 6: Market size 2017
Exhibit 7: Validation techniques employed for market sizing 2017
Exhibit 8: Global industrial enzymes market Market size and forecast 2017-2022 ($ mn)
Exhibit 9: Global industrial enzymes market Year-over-year growth 2018-2022 (%)
Exhibit 10: Five forces analysis 2017
Exhibit 11: Five forces analysis 2022
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2017
Exhibit 18: Application Market share 2017-2022 (%)
Exhibit 19: Comparison by application
Exhibit 20: Food and beverage Market size and forecast 2017-2022 ($ mn)
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