Global Detergent Grade Enzymes Market To Be Driven By The Growth Of Global Enzymes Market In The Forecast Period Of 2022-2027
The new report by Expert Market Research titled, ‘Global Detergent Grade Enzymes Market Size, Share, Price, Trends, Growth, Report and Forecast 2022-2027’, gives an in-depth analysis of the detergent grade enzymes market, assessing the market supported its segments like product type, application, end-user and major regions.
The report tracks the newest trends within the industry and studies their impact on the general market. It also assesses the market dynamics, covering the key demand and price indicators, alongside analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
- Forecast CAGR (2022-2027): 5.8%
In 2017, Europe and the United States were among the top users of enzymes. Increased use in the paper and pulp, detergent, leather, and textile industries aided the growth of the enzymes market in the region. Enzymes are also used in the treatment of a wide range of chronic illnesses and gastrointestinal disorders. Protein engineering and other advances in pharmaceutical and biotechnology have expanded the application of enzymes, assisting the global enzymes market’s growth.
The enzymes market is expected to grow in response to rising demand for high-quality healthcare, improved food quality awareness, and a growing population with changing dietary needs. The market for detergent-grade enzymes is expected to grow in tandem with the overall market for enzymes. The growing R&D activities and innovations in the detergent industry are expected to support detergent grade enzymes even more.
Industry Definition and Major Segments
Enzymes are biocatalysts that accelerate biochemical reactions and are widely used in the food, beverage, and cleaning industries. The global detergent enzyme market can be segmented on the basis of product type and form.
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Based on type:
Based on form:
The global detergent grade enzymes market is expected to expand in the coming years as enzyme applications expand in the food and beverage, detergent, brewing, and pharmaceutical industries. Enzymes are used in medicine to treat a variety of chronic illnesses and digestive disorders. Protein engineering and other advances in pharmaceutical and biotechnology have broadened the scope of enzyme use, assisting the global enzymes market’s growth.
Industrial enzymes are ideal for use in detergents because they have superior properties such as stain removal and low-temperature function. Although breakthroughs in enzyme engineering are expected to propel the carbohydrase market forward, carbohydrases’ inadequacies in unregulated pH and temperatures may hamper the growth of this segment. The Asia Pacific region is expected to grow at a CAGR of around 10% between 2021 and 2026, owing to increased availability of raw materials for biofuel production as well as growth in the pharmaceutical and food and beverage sectors.
Furthermore, policies promoting biodiesel production by the governments of Italy, the United States, Germany, Sweden, Austria, and France are expected to boost demand in the coming years. In countries like Brazil, China, and India, proteases are increasingly used in the chemical, pharmaceutical, and detergent industries. As people become more hygiene conscious and look for more energy-efficient detergents, the demand for enzymes is expected to rise.
Key Market Players
The major players within the market are Novozymes SA, Koninklijke DSM N.V, BASF SE, Du Pont, Archer Daniels Midland Company, AB Enzymes GmbH, Amano Enzymes Corporation, Aum Enzymes and others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of those market players.
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