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Dublin, Feb. 11, 2022 (GLOBE NEWSWIRE) — The “Industrial Enzymes Market by Type (Carbohydrases, Proteases, Lipases, Polymerases & Nucleases), Application (Food & Beverages, Bioethanol, Feed, Detergents, Wastewater, Soil, and Oil Treatment), Source, Formulation and Region – Global Forecast to 2026” report has been added to ResearchAndMarkets.com’s offering.
The global industrial enzymes market is estimated to be valued at USD 6.6 billion in 2021. It is projected to reach USD 9.1 billion by 2026, recording a CAGR of 6.6% during the forecast period. Enzymes play an important role as a catalyst in the processing of several industrial products. Industrial enzymes are typically used as bulk enzymes in these and other industries. The market for industrial enzymes has witnessed significant growth as they are increasingly used as substitutes for chemicals, specifically in food & beverages and bioethanol. The application of industrial enzymes enzymes is also on the rise for detergents and as ingredients in the feed industry.
Asia Pacific is projected to witness the highest growth of 7.81% during the forecast period.
The Asia Pacific industrial enzymes market is led by their wide industrial applications across the region. Developed markets such as North America and Western Europe are becoming mature, which has led to faster growth in developing markets such as Asia Pacific. For instance, textile & leather has become one of the important industries in the Asia Pacific region because of changes…
Full story available on Benzinga.com
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