Industrial Enzymes Market Size, Latest Trends, Growth Drivers, and Opportunities
The global industrial enzymes market is expected to grow from USD 7.9 billion in 2024 to USD 11.2 billion by 2029, reflecting a CAGR of 7.2% during the forecast period. This growth is largely driven by increasing demand from industries such as food and beverages, biofuel production, and more. Enzymes offer a sustainable alternative to traditional chemical processes, and advancements in biotechnology...
Technological innovations to drive the market for industrial enzymes
Enzymes are proteins which have the capability to convert a compound (substrate) into another product. Enzymes have catalytic reaction in the conversion of a compound into another product. The enzymes are therefore used in industrial applications such as food & beverages, cleansing agents, and animal feed. The usage of enzymes is cost-effective and eco-friendly.
The industrial enzymes consist of...