ENZYMES MARKET ANALYSIS

Market News

Key Developments

1. Key companies in the market are focused on various business strategies such as business expansion, in order to enhance their market presence. For instance, in October 2017, BASF SE, a Germany-based chemical company, started its new enzyme-based state-of-the-art production plant for biocatalyzed acrylamide in China. This new plant will boost the production of high-quality polyacrylamide. 
2. Major companies in the market are focused on various growth strategies such as partnership and agreement, in order to gain competitive edge in the market. For instance, in February 2019, Codexis, Inc., a U.S.-based protein engineering company, entered into multi-year, exclusive supply agreement with KYORIN Pharmaceuticals Co., Ltd. for the supply of proprietary enzyme. This enzyme will be used for manufacturing of vibegron, which is an active ingredient in Beova Tablets, used for treatment of overactive bladder.
3. Key players in the market are involved in various growth strategies such as product launch, in order to expand their product portfolio. For instance, in March 2019, AB Enzymes, an industrial biotech company, launched ROHALASE SEPARATION, a grain processing enzyme. It is a food-grade enzyme product, which is developed for wheat-starch-gluten separation process.