Published Date: 12-May-2021
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According to a new report Global Enzymes Market, published by KBV research, The Global Enzymes Market size is expected to reach $13.2 billion by 2027, rising at a market growth of 8% CAGR during the forecast period.
The protease enzyme segment obtained the second-highest revenue share, as it is extensively utilized for processing the proteins. In addition, protease enzymes are utilized in DNA replications and transcription, ovulation, cell proliferation & differentiation, fertilization, and others. Polymerase and nuclease enzymes will garner promising growth potential in the global enzymes market and would display a prominent growth rate during the forecast period.
The growth of the enzymes market for household care would be fueled by the increasing amount of awareness among the population in terms of the optimistic environmental impact of enzymes. In addition, the benefits of utilizing enzymes in laundering garments have substantially boosted the demand for these enzyme-based items. Moreover, they are likely to function at lower temperatures and higher concentrations as compared to chemically based products.
The Asia Pacific market dominated the Global Enzymes Market by Region 2020, and would continue to be a dominant market till 2027; growing at a CAGR of 8.8 % during the forecast period. The Europe market is experiencing a CAGR of 7% during (2021 - 2027). Additionally, The North America market is showcasing promising CAGR during the forecast period.
Full Report: https://www.kbvresearch.com/enzymes-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of BASF SE, International Flavors & Fragrances, Inc. (DuPont Nutrition), Associated British Foods PLC (Wittington Investments Limited), Koninklijke DSM N.V., Novozymes A/S, Kerry Group PLC, Chr. Hansen Holding A/S, Merck Group, Sanofi S.A., and Codexis, Inc.
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