The
enzymes market was valued at USD 10.0 billion in 2019 and is projected to reach
USD 14.7 billion by 2025, recording a CAGR of 6.7% during the forecast period.
The demand for enzymes is increasing significantly, as it is being used across
various industries and as a substitute for chemicals.
Key players in
this market include BASF (Germany), DuPont (US), Associated British Foods (UK),
Novozymes (Denmark), DSM (Netherlands), Dyadic International (US), Advanced
Enzymes Technologies (India), Aumgene Biosciences (India), Chr Hansen
(Denmark), Amano Enzymes (Japan), Roche Holding (Switzerland), Codexis (US),
Sanofi (France), and Merck (Germany).
To
know about the assumptions considered for the study download the pdf brochure
Novozymes
(Denmark) is a major bio-innovation company providing biological solutions,
which involves the application of enzymes and microbes. The company offers
various products, which cater to industries, such as household care, food &
beverage, bioenergy, agriculture & feed, and technical & pharma. The
company also offers products for bioenergy, which converts plant materials and
waste into biofuels. Novozymes has been introducing new products for making its
product portfolio diverse. In addition, the company is focused on expanding its
global presence to prosper in the enzymes market. The company has been catering
to all the major regions, such as North America, Latin America, Asia Pacific,
Europe, the Middle East, and Africa. It focuses on innovation activities to
identify new opportunities in the enzymes market.
BASF (Germany)
is a global chemical manufacturing company and specializes in catering to
segments, such as chemicals, performance products, functional materials & solutions,
agricultural solutions, and others. Along with this, the company has been
investing mainly in biotechnology and large-scale production of enzymes. The
strategies that are being adopted by BASF to be a market leader in the enzymes
market are collaborations and expansions. In addition, to make its product
portfolio diverse, the company has been focusing on launching new products.
BASF has three global research divisions, which are operated from Europe, Asia
Pacific, and North America. The company has its presence across the globe in
regions, such as North America, Europe, Asia Pacific, South America, and
Africa.
Related Reports:
Enzymes
Market by Product Type (Industrial enzymes and Specialty
enzymes), Source (Microorganism, Plant, and Animal), Type, Industrial Enzyme
Application, Specialty Enzymes Application, and Region - Global Forecast to
2025
Contact:
Mr.
Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
