Industrial Enzyme Market
Industrial Enzyme Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Industrial Enzyme Market Size and Growth
The industrial enzyme market is experiencing robust growth, driven by increasing demand in various sectors such as food and beverages, textiles, and biofuels. The market is valued at approximately $5.7 billion and is projected to reach $8 billion by 2028, reflecting a compound annual growth rate (CAGR) of around 6.4%.
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Companies Covered (Covid 19 Impact Covered)
◍ BASF (Germany)
◍ DowDuPont (US)
◍ Associated British Foods (UK)
◍ DSM (Netherlands)
◍ Novozymes (Denmark)
◍ Dyadic International (US)
The Industrial Enzyme Market features major companies like BASF, DowDuPont, and Novozymes, leveraging biocatalysts for diverse applications. They enhance production efficiency and sustainability, driving market growth. Key players report substantial revenues:
- Novozymes: ~$1.7 billion
- BASF: ~$2.5 billion
◍ Advanced Enzyme Technologies (India)
◍ Adisseo (China)
◍ Chr. Hansen Holding (Denmark)
◍ Amano Enzyme (Japan)
- DSM: ~$1.5 billion. Request Sample Report
