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/PRNewswire/ -- The "Global Household Care Market (Laundry Care, Surface Care, Dishwashing, Air Care, Home Insecticides, Bleach, Toilet Care and Polishes):...
/PRNewswire/ -- The "Global Household Care Market (Laundry Care, Surface Care, Dishwashing, Air Care, Home Insecticides, Bleach, Toilet Care and Polishes):...
/PRNewswire/ -- The "Global Carboxymethyl Cellulose Market By Purity Level, By Application, By Property, By Regional Outlook, Industry Analysis Report and...
/PRNewswire/ -- The "Global Enzymes Market By Source, By Type, By Reaction Type, By Application, By Regional Outlook, Industry Analysis Report and Forecast,...
Worldwide Enzymes Industry to 2027 - Players Include BASF, Associated British Foods and Novozymes Among Others May 27, 2021 04:23 ET | Source: Research and Markets Research and Markets Dublin, IRELAND ResearchAndMarkets.com's offering. The Global Enzymes Market size is expected to reach $13.2 billion by 2027, rising at a market growth of 8% CAGR during the forecast period. Protein molecules that behave as a biological catalyst to accelerate metabolic reactions are termed as enzymes. Enzymes also display functions like the capacity to react with a particular reactant. Over the years, enzymes find applications in various fields like photography, food processing, contact lens cleaners, paper, rubber, biofuels, molecular biology sectors, and biological detergents.
Share this article Share this article ResearchAndMarkets.com's offering. China's household care market is forecasted to reach US$26.9 billion in 2025, representing growth at a CAGR of 8.4% for the period spanning from 2021-2025. The factors such as rapid urbanization, increasing personal disposable income, improvement in consumer confidence, changing lifestyle habits and growing preference of personalized soaps are expected to drive the market. However, growth of the industry would be challenged by high competitive pressure, retail consolidations and quality control. Few notable trends include high demand for premium products and technological innovations. In 2020, the outbreak of COVID-19 pandemic has created a favorable impact on the market as the great lockdown has raised the demand of household care products.