Enzymes
are defined as catalysts that are protein in nature and can enhance the rate of
a chemical reaction by reducing the activation energy required for the reaction
to take place. Enzymes are used across various industries, such as food and
beverage, biofuel, cleaning products, and pharmaceuticals
The
discovery of enzymes that have the ability to cleave and ligate the nucleic
acid propelled the development of the genetic engineering industry. The use of
enzymes in activities such as cloning, and gene editing has become a common
phenomenon in agriculture and pharmaceutical industries. Further, enzymes are
used in biotechnology to produce insects, droughts, and disease resistant crops
and create organisms with desirable qualities and better commercial performance.
Highlighting
the potential opportunities and the current factors contributing to the growing
demand for enzymes, BIS Research published a market intelligence report titled,
“Global Enzymes Industry – Analysis and
Forecast (2018-2025).” According to the report, the global enzymes market
was valued at $6.57 billion in 2017 and is projected to reach $10.63 billion by
2025, growing at a CAGR of 6.04% during the forecast period, 2018-2025.
The
growth of the market can be attributed to the advantages of enzymes, such as
flexibility to carry out reactions at normal temperature and pressure and the ability
to eliminate the need for expensive equipment along with other factors, such as
the use of natural enzymes, evolution of the enzyme technology, and the impact
of genetically modified organism (GMO) crops.
The
study published by BIS Research
examines the global enzymes market under different segments. The report
categorizes the market based on product, end user, and region. On the basis of
product, the market constitutes of five sub-segments, namely restriction
enzymes, DNA Ligase, DNA Polymerase, Reverse Transcriptase, and others.
Further, company profiles of leading market players, such as AB Enzymes,
Agilent Technologies, and Amano Enzymes Inc., are included in the report.
With
ongoing research and development activities, enzymes are expected to be used
for applications such as drug discovery, nutraceuticals, and various other
avenues in addition to the ones discussed above.
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