Category: Food & Drink

The industrial enzymes market was valued at USD 4.61 billion in 2016, and is projected to grow at a CAGR of 5.8% from 2017, to reach USD 6.30 billion by 2022. Industrial enzymes are widely accepted in food & beverage applications, owing to their functional properties. They play an important role in determining the desired attributes such as taste, mouthfeel, texture, appearance, and flavor in food & beverage applications and are also used for the production of biofuels. Next-generation enzymes such as psychrozymes have expanded the application areas of industrial enzymes in the food & beverage, animal feed, textile & leather, and biofuel sectors, thus driving the overall market for industrial enzymes.