Wilmington, April 2021: Axiom Market Research & Consulting (TM) added a report on the Global Enzyme market. The study covers analysis of economic indicators of major countries along with GDP, impact of COVID-19 on global food appliances industry, government policies, business investments, key marketing strategies etc. The Global Enzyme market is projected to grow at a CAGR of 6.30 % over the forecast period of 2021 to 2027. The market is estimated and forecasted in terms of revenue (USD million).
Enzymes are macromolecular natural catalysts which quicken the chemical reactions. The atoms where enzymes may act are called substrates and these enzymes transform the substrates into various particles which are known as products. All metabolic procedures in the cell require enzyme catalysis so as to happen at a faster rate to manage life. The study of enzymes is called enzymology and another field of pseudonym examination has as of late developed, identifying that amid advancement, a few enzymes have lost the capacity to do natural catalysis, which is frequently reflected in their amino acid groupings and uncommon ‘pseudocatalytic’ properties. Like all catalysts, enzymes accelerate the response rate by bringing down its activation energy.
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The key competitors of this market include Novozymes (Denmark), Danisco (Denmark), Dow (U.S), BASF (Germany), Advanced Enzymes (India), Lonza Group (Switzerland), AB Enzymes (Germany), Chr. Hansen (Denmark), ADM (U.S), Enmex (U.S), BBI Enzymes Ltd. (South Africa), Procter & Gamble Co. (U.S), Puratos Group (Belgium), Novus International, Inc. (U.S), and among others.
The Global Enzyme market is analyzed based on product, application and geography. Carbohydrates, proteinases, and lipases are the major products included in the study. The market finds application in food & beverage, pharmaceuticals, bio-energy, and biotechnology. The market is studied across major countries of North America, Europe, Asia Pacific and Rest of the World.
Changing lifestyles and inclining consumer shifts towards packaged and processed foods are majorly driving the enzymes market. The incorporation of enzymes in food products enhances the product life and prolongs the nutritional content. Growing adoption of secondary chemicals for bleaching & deinking and fiber modification has created great opportunities for the market, especially, in the pulp & paper industry. Furthermore, the addition of enzymes helps to enhance the effectiveness of detergents and helps in the quick removal of stains. In the healthcare sector, removal of blood stains becomes easy with the help of an enzyme-based detergent.
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Research objectives and key highlights of the market study:-
- A comprehensive study with key countries of North America, Europe, APAC, Middle East & Africa and Latin America
- Market data share in terms of revenue (value) and scope of customization as per the need
- Detailed and comprehensive segmentation of the market to provide value added information to meet business goals
- Impact analysis of COVID-19 Pandemic on the global Enzymes market is studied in detail to provide you current and future market size and forecast
- Large number of key industry participants are interviewed to validate and understand current market trends
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