Factors such as rising demand for customised enzymes and a thriving pharmaceutical industry are likely to propel the Global Enzymes Market forward during the forecast period (2016-2024). Biofuels, paper, starch, dairy products, and biological detergents are all made with enzymes. They are also utilised in molecular biology, food processing, and brewing. Due to increasing demand for functional foods and the presence of big end-use sectors such as food and pharmaceuticals in these developed areas, Europe, followed by North America, is likely to have a leading position in the global enzymes market throughout the forecast period. The Asia Pacific market is predicted to expand the quickest, owing to high economic expansion in emerging markets such as India and China, as well as rising end-use industries in the area. Asia Pacific is predicted to be the most profitable market due to rising population, which increases demand for food and pharmaceuticals, as well as a growing public preference for functional foods.
Leading Companies in the Enzymes Industry:
1. Sanofi S.A.
Sanofi offers research, development, manufacturing, and marketing of innovative therapeutic solutions. It covers areas such as diabetes solutions, human vaccines, innovative drugs, consumer healthcare, emerging markets, animal health, and the new G enzyme. Founded in 2004, headquartered in New Jersey.
2. BASF
BASF SE operates as a chemical company worldwide. It operates through six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. The company was founded in 1865 and is headquartered in Ludwigshafen am Rhein, Germany.
3. Roche Holding AG
Roche Holding AG engages in the pharmaceuticals and diagnostics businesses in Switzerland, Germany, the United States, and internationally. It has a research collaboration agreement with Synlogic, Inc. for the discovery of a novel synthetic biotic for the treatment of inflammatory bowel disease (IBD). Roche Holding AG was founded in 1896 and is headquartered in Basel, Switzerland.
4. BBI Enzymes Ltd.
BBI was founded in 1986. Since then, the company has grown its portfolio of products to include gold reagents, antibodies, antigens, enzymes, serum and plasma, cell culture reagents as well as offering antibody development services, lateral flow assay development and manufacture, and of course, our Novarum™ smartphone diagnostic platform. Headquartered in U.K.
5. Codexis Inc.
Codexis, Inc. discovers, develops, and sells enzymes and other proteins. The company operates through two segments, Performance Enzymes and Novel Biotherapeutics. The company was incorporated in 2002 and is headquartered in Redwood City, California.
6. Affymetrix Inc.
Affymetrix now develops and provides innovative technologies that enable multiplex and parallel analysis of biological systems at the cell, protein, and gene level, facilitating the rapid translation of results into biology for a better world. Founded in 1994, headquartred in California, U.S.
7. AB Enzymes
AB Enzymes is an industrial biotech company specialized in enzymes and their applications. Founded in 1907, headquartered in Germany.
*Definition- Enzymes are molecular catalysts that speed up chemical processes and achieve the desired outcome. Most proteins and RNA molecules are enzymes.
