Industrial Enzymes Market: Innovations in Biotechnology and Applications
The global industrial enzymes market was valued at USD 7.42 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2030. The rising global consumption of bakery products and fruit juices is expected to drive the demand for industrial enzymes. This factor is anticipated to contribute to the industry's growth in the years to come. Industrial enzymes are widely used in the food and beverage sector to enhance product quality and extend shelf life. They are utilized in brewing and baking processes, as well as in dairy, starch, and sugar products that people regularly consume in significant quantities. In baking applications, they are employed to impart specific qualities to flour or dough. For instance, they help reduce the protein content of flour in biscuits and crackers, while their use in bread improves or standardizes its quality and ensures uniform browning. The extensive use of industrial enzymes in the food and beverage