Enzyme preparation market is anticipated to grow at a significant CAGR during the forecast period. The major factors that are expected to accelerate the growth of the market during the forecast period include the growing demand for enzymes in various applications such as feed additives, detergents, and textile processing. Rising awareness among consumers about the benefits of enzyme preparations has led to their increased usage in food processing and other industrial sectors, which is another factor that is anticipated to boost the market during the forecast period. An enzyme preparation is a type of biocatalyst that accelerates or increases the rate at which chemical reactions, biological processes, or other engineering processes take place.
A reaction may involve an enzyme acting on one substance to turn it into another; for instance, oxidizing glucose (sugar) to generate energy stored as ATP molecules. Enzyme preparations can be broadly classified into two types, such as enzymes and enzyme preparations. Enzymes are macromolecular biological catalysts that accelerate or increase the rates of chemical reactions, whereas enzyme preparations contain a mixture of one or more enzymes with other chemicals such as substrates (reactants to the reaction), co-factors, and inorganic salts. Some other factors that are propelling the growth of the market include its high demand for animal feeds and growth in the food processing industry in developing countries. The use of enzyme preparations such as proteases and lipases has also increased with it being common to find them on the list of ingredients found in detergents, processed food, and textile processing.
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Market Coverage
- The market number available for – 2022-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered
- Regions Covered- Globally
Competitive Landscape: Novozymes A/S, Kemin Industries, Inc., and Koninklijke DSM NV, among others.
Enzyme Preparation Market Report by Segment
By Product
- Oxidoreductases
- Transferases
- Hydrolases
- Isomerases
- Lyases
- Ligases
By Application
- Food Processing
- Pulp and Paper
- Textile
- Detergent
- Feed
- Others
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Enzyme Preparation Market by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
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