Unlocking the Power of Industrial Enzymes: Driving Efficiency Across Industries
The global industrial enzymes market was valued at USD 7.42 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2030. This growth is driven by several factors, with the increasing consumption of bakery products, fruit juices, and other processed food items being among the primary contributors to the demand for industrial enzymes. As enzymes play a crucial role in improving product quality, shelf life, and processing efficiency, their use is expected to expand across various industries, particularly the food and beverage sector. Key Drivers of Market Growth Rising Consumption of Processed Food and Beverages One of the most significant factors driving the demand for industrial enzymes is the growing global consumption of processed food and beverages. Industrial enzymes are used extensively in the production of bakery items, dairy, juices, and other consumables to improve product quality and consistency. For examp...