Enzymes can be considered as one of the essential protein molecules. Enzymes act as a biological catalyst to bring speed to metabolic reactions. Additionally, enzymes have properties such as the ability to react with a specific reactant. The rising number for the patient suffering from chronic diseases, rising in the prevalence of digestive disorders and increasing demand for biofuels has been driving the overall growth of the market. However, Problems Associated with the Chemical, Physical Properties of Enzymes, Safety and Handling Issues Associated to Enzymes are the factors responsible for limiting the market. Moreover, increasing utilization of enzymes in protein engineering and changing lifestyle and rising health awareness across the globe can be considered as an opportunity for the market in the forecasted year.According to AMA, the market for Enzymes is expected to register a CAGR of 5.08% during the forecast period to 2024. This growth is primarily driven by Rising Number for Patient Suffering From Chronic Diseases, Rising in Prevalence of Digestive Disorders, Increasing Demand for Biofuels and Rising demand for effective enzymes based pharmaceuticals.
Globally, a noticeable market trend is evident Increasing Utilization of Enzymes in Biofuels and Pulp & Paper Industry
. Major Vendors, such as Novozymes A/S (Denmark), Koninklijke DSM N.V. (Netherlands), DowDuPont Inc. (United States), BASF SE (Germany), Advanced Enzyme Technologies Ltd. (United States), AB Enzymes GmbH (Germany), Codexis, Inc. (United States), Amano Enzyme, Inc. (Japan), F. Hoffmann-La Roche Ltd. (Switzerland) and Thermo Fisher Scientific Inc. (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
- Rising Number for Patient Suffering From Chronic Diseases
- Rising in Prevalence of Digestive Disorders
- Increasing Demand for Biofuels
- Rising demand for effective enzymes based pharmaceuticals
- Increasing Utilization of Enzymes in Biofuels and Pulp & Paper Industry
- Rising Trend of Enzyme Engineering
- Problems Associated with the Chemical and Physical Properties of Enzymes
Increasing utilization of Enzymes in Protein Engineering and Changing Life Style and Rising Health Awareness across Globe
Safety and Handling Issues Associated to Enzymes
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