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Leading players profiled in this report:
Novozymes (Denmark)
DuPont (US)
DSM (Netherlands)
Associated British Foods (UK)
Amano Enzyme (Japan)
BASF (Germany)
Asia Pacific is projected to witness the growth of 7.85% during the forecast period in the enzymes market
The enzymes market in the Asia Pacific region is growing at a CAGR of 7.85%. With the presence of leading companies such as Advanced Enzymes (India), Amano Enzyme (Japan), Aumgene Biosciences (India) and emerging startups such as Noor Enzymes (India), Synkromax Biotech Pvt. Ltd. (India) and Jiangsu Boli Bioproducts Co., Ltd (China) in the region, the supplier market is thriving. In addition, application of industrial enzymes in the textiles & leather industry has caused a stir in the demand. With this sector becoming one of the important industries in the Asia Pacific region, owing to changes in technological innovations in machinery and globalization of business, the demand for enzymes is expected to rise.
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Carbohydrases Enzymes are estimated to have high demand in type segment
Carbohydrases dominated the market for enzymes, by type, in terms of value, in 2022. The usage of enzymes is on surge, due to the applications in varied sectors such as food & beverages, bioethanol, paper & pulp, textiles & leather, pharmaceutical, and research & biotechnology. The usage of enzymes helps in higher product quality, lower manufacturing cost, and less waste, and reduced energy consumption. They are often being used as an alternative to mitigate the usage of chemicals in various applications. These benefits of enzymes are contributing as a driving factor to boost the usage of enzymes in the various applications globally.
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