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In the recent years, bioethanol has emerged as important source of energy due to exhaustion of existing energy supplies around the world. Moreover, the growing environmental awareness among the consumers has led to the shift towards the use of the enzymes in bioethanol production and mitigate the use of chemical catalysts. Enzymes are used in various other industrial applications such as food & beverage processing, detergents, textiles & leather, paper & pulp, wastewater treatment, feed, starch processing, cosmetics & personal care products, and oilfield & fine chemicals. The major types of enzymes used in the industrial and specialty applications are carbohydrases (amylases, cellulases, other carbohydrases such as pectinase, lactase, mannanase, and pullulanase), proteases, lipases, and other types such as isomerases, transferases, ****aglucanases, arabinoxylanases, amyloglucosidase, and pullulanase. Enzymes are also used in various specialty applications such as pharmaceuticals, research & biotechnology, diagnostics, and biocatalysts. It is projected to reach USD 16.9 billion by 2027 growing at a CAGR of 6.8% from 2022 to 2027.

The enzymes market is anticipated to witness potential opportunities in the future by its specialty applications in different industries like pharmaceuticals. The pharmaceutical industry dominated the specialty enzyme by application segment in 2022 with USD 2.4 Billion and is expected to grow USD 3.2 Billion by 2027. The players in the market are involving in expansion of production facilities and agreement to increase their penetration in the market. For instance, in June 2022, Merck KGaA has expanded its production facility of Pharma ingredients like High Potent Active Pharmaceutical Ingredients (HPAPI) production capacity in Wisconsin, US. In September 2021, Codexis has extended the agreement with Merck to supply a proprietary enzyme used in the manufacturing process for sitagliptin, the active pharmaceutical ingredient.

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Inquiry Before Buying - Enzymes Market Size, Share & Report Analysis - 2027 | MarketsandMarkets

How to Develop Strategic Business Development Plan

A strategic business plan determines the success or failure of the firm; however, there are dime-a-dozen business plans that deliver the same kind of results. Thus, developing a strategic business development plan is crucial to ensure long-term business growth.

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How to Develop Strategic Business Development Plan – Reasons Why You Should Work with a Business Development Coach

A strategic business plan determines the success or failure of the firm; however, there are dime-a-dozen business plans that deliver the same kind of results. Thus, developing a strategic business development plan is crucial to ensure long-term busin

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