Novozymes is the world's largest enzyme manufacturer, with an estimated 48% global market share. Enzymes are special molecules produced by microorganisms that increase the efficiency of a chemical reaction. They are used in a range of industrial processes and consumer products to provide increased functionality, such as allowing chemical processes to occur at room temperature and atmospheric pressure or allowing detergents to work in cold water, thus saving energy. Novozymes develops, manufactures, and markets enzymes in five business segments: household care (32% of total sales in 2017), food & beverages (28%), bioenergy (18%), agriculture & feed (15%), and technical & pharma (7%). The company was founded in 2000 and is headquartered in Bagsværd, Denmark.
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- BiotechnologyBiolotechnology can refer to the application of science and technology to living organisms or the use of living organisms, their parts, products or models thereof to solve a problem, produce knowledge or produce goods and services. Biotechnology may involve the alteration of living or non-living materials.