The market for enzymes is expected to expand at a CAGR of more than 6 percent by the year 2027. The major factors that are driving this market are growing diversity in enzyme applications
and niche products and the strict environmental norms that are curbing the use of chemicals. Also, there has been an increasing demand for food enzymes, increasing demand for cosmetics and personal care products and surge in production of biofuel are some of the primary factors that are boosting the growth of enzyme market
Focus on Natural & Innovative Flavours
The food industry all across the world is continuously involved in developing new dairy products, beverages, and food items for consumers. “It is seen that with the development of new products in the food and beverage industry, the application of enzymes in the industry has continuously increased”, says Muhammed Majeed, Founder & Chairman at Sami Sabinsa Group. With this increasing innovation and development of technologies in the food industry, industrial enzymes have found extensive application in fat modification and sweetener technology which ultimately drives the industrial enzyme market.
There has been an increase in demand for higher quality foods which contains natural flavour and taste. This trend has become very common between the consumers and has triggered the need for the development of flavoured and tasty processed foods by using industrial enzyme applications. The major reason behind this is that enzymes act as catalysts by playing important roles in the breaking down of vitamins and nutrients in the metabolic reactions and inter conversion of complex molecules to smaller molecules.
Over the years, the applications of enzymes in cosmetics have been continuously increased. Enzymes are used as free radical scavengers in sunscreen cream, mouthwashes, toothpaste, hair- waving and dyeing. Enzymes derived from pumpkins are used in cosmetics for smooth skin. Enzymes have low molecular weight and so they get absorbed into the skin when applied topically. Yet another advantage is that they are stable and can be easily introduced in skincare creams and formulations.