- In June 2024, Basecamp Research, a global frontrunner in artificial intelligence (AI)-driven design of proteins and biological systems, has announced a collaboration with the Ferruz Laboratory at the Institute of Molecular Biology in Barcelona to launch ZymCTRL ("enzyme control"). This innovative tool, akin to ChatGPT, enables users to generate new enzyme sequences from scratch by simply inputting an enzyme identification code that specifies the desired activity
- In January 2023, BASF (Germany) and Cargill (U.S.) expanded their collaboration to enhance the production and marketing of feed enzymes in the U.S. The two companies are currently focused on developing innovative enzyme-based solutions that will add value for animal feed customers. By leveraging BASF's expertise in enzyme research and development alongside Cargill's extensive market presence and application knowledge, the partners aim to create a robust innovation pipeline for animal protein producers
- In December 2022, Ginkgo Bioworks, a biotech company based in the U.S., introduced Ginkgo enzyme solutions suitable for applications in pharmaceuticals, food, diagnostics, and agriculture. This initiative is expected to significantly boost the demand for industrial enzymes across various end-use sectors
- In November 2022, Novozymes (Denmark) launched Frontia Prime, a cutting-edge enzyme for corn separation. This new enzymatic solution will enable manufacturers of maize starch and sweeteners to increase their yields, lower energy consumption, and reduce CO2 emissions
- In May 2022, Kerry Group plc (Ireland), a global leader in taste and nutrition, inaugurated the largest and most advanced flavor manufacturing facility in Africa. This USD 41.1 million investment aims to provide sustainable nutrition products across Africa from its location in KwaZulu-Natal, South Africa. This project has been recognized as a key strategic investment in the KwaZulu Natal region, contributing to the country's food manufacturing sector and forming a part of the Presidential investment drive aimed at sustainable, equitable growth for socio-economic transformation in South Africa
Frequently Asked Questions
The market is segmented based on Segmentation, By Type (Carbohydrases, Proteases, Phytases, Polymerases and Nucleases, Lipases, and Others), Form (Liquid and Dry), Source (Plant, Animal, and Micro-organism), Application (Food Processing, Animal Feed, Healthcare, Textiles, Leather Processing, Detergents and Cleaners, Bio-Fuel, and Others) - Industry Trends and Forecast to 2031
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The Global Industrial Enzymes Market size was valued at USD 4.21 USD Billion in 2023.
The Global Industrial Enzymes Market is projected to grow at a CAGR of 21% during the forecast period of 2024 to 2031.
The major players operating in the market include BASF SE, Novozymes, Dupont, DSM, Kerry Group, Dyadic International , Advanced Enzyme Techologies, Hansen Holding A/S, Amano Enzyme .
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
