Market Scope

Market Research Future (MRFR) presumes that the industrial enzymes market could anticipate growth at a healthy rate of 6.3% from 2020 to 2027.

Industrial enzymes are proteins that catalyze biochemical reactions in industries such as food and beverage, detergents, animal feed, paper and pulp, textiles, and the pharmaceuticals industry. They are used to improve the efficiency of processes, reduce production costs, and to produce higher quality products. The global industrial enzymes market is expected to reach USD 9.7 billion by 2027, growing at a CAGR of 6.3% from 2020 to 2027.

The growing demand for convenience foods, enhanced cleaning products, and increasing environmental regulations are some of the major factors driving the growth of the industrial enzymes market. The rising demand for healthier food products and the growing preference for plant-based proteins are also driving the growth of the market. Additionally, technological advancements and the increasing use of industrial enzymes in biofuel production are also contributing to the growth of the market.

The industrial enzymes market size is segmented based on type, application, and geography. By type, the market is divided into carbohydrases, proteases, lipases, and others. Proteases are expected to be the largest segment of the industrial enzymes market due to their wide range of applications in industries such as food and beverage, detergents, and pharmaceuticals.

Segmental Review 

Different types of industrial enzymes are carbohydrates, lipases, proteases, and others. Out of these, the Carbohydrases segment will be heading the worldwide market. Various types of Carbohydrases are amylases, cellulases, and others. Carbohydrases are primarily deployed in numerous industrial applications including detergents, textiles & leather, and food & beverages. This could be due to the several advantages, including reduction in time and consumption, ease in modification, cost-effectiveness, and optimization of the process.

Industrial enzymes have applications in detergents and cleaning, food and beverages, feed, pharmaceuticals and nutraceuticals, textiles, and others. The lead has been taken by the food & beverages segment, on account of the surging use of enzymes in the sector. Some of the key applications are nutraceuticals, meat processing, dairy products, bakery products, beverages, and others. Enzymes that are deployed in this sector can be divided into processing aids and food additives.

The key sources covered in the study of the industrial enzymes market include plant, microorganisms and animal. Microorganisms form the biggest segment in the worldwide market, due to the rising number of genetically engineered microorganisms, along with the wide range of applications. Microorganisms are the top source of industrial enzymes due to their high availability as well as the low production costs.

Regional Insight

North America will be emerging as the top performer in the global industrial enzymes market Overview, thanks to the emergence superior and high-quality products, technical developments and rapid industrialization. Rise in sales of a variety of alcoholic beverages as well as processed food, along with the heightened awareness level with regard to green technologies that address the environmental issues also enhance the market share in the region.

Europe is the second highest gainer and consumer in the worldwide market, considering that the region is a leading producer of pharmaceutical, cosmetics and medicinal products. Strong base of several renowned cosmetic and pharmaceutical companies in the region including New Avon Company, Sanofi, Novartis AG, GlaxoSmithKline plc., Henkel AG & Co., Unilever, Hoffmann-La Roche Ltd., Beiersdorf, Bayer AG, AstraZeneca, Merck KgaA, Novo Nordisk A/S, and L’Oréal, adds to the demand for industrial enzymes.

Top Companies

BASF SE (Germany), Lesaffre (France), Associated British Foods PLC (UK), Chr. Hansen Holding A/S (Denmark), DowDuPont (US), Koninklijke DSM N.V. (Netherlands), Dyadic International Inc. (US), Advanced Enzyme Technologies Ltd (India), Adisseo (China), Amano Enzyme Inc. (Japan), Codexis Incorporated (US), AB Enzymes (Germany), Novozymes A/S (Denmark), BioResource International Inc. (US), Cargill, Incorporated (US) are the reputed developers of Key Industrial Enzymes Market Players.

Over the years, the industrial enzymes industry has experienced numerous new product launches, agreements, collaborations, and partnerships.

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