Industrial Enzymes Market Overview

Maximize Market Research conducted the analysis of the Industrial Enzymes Market, which includes a thorough examination of different regions and the competitive landscape. The report provides valuable insights into the market's current and future potential, helping businesses understand the trends and opportunities in the industry.

Market Values:Industrial Enzymes Market was valued at USD 7.09 Bn in 2022, and it is expected to reach USD 10.96 Billion by 2029, exhibiting a CAGR of 6.4 % during the forecast period.

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Industrial Enzymes Market Report Scope and Research Methodology

The report provides valuable information on their strategies, revenue, partnerships, joint ventures, and more. To estimate the Industrial Enzymes Market size, a bottom-up approach was used, ensuring accurate and reliable data for the report. Primary and secondary data collection methods were utilized to gather information for the Industrial Enzymes Market report. The Industrial Enzymes Market report provides a qualitative and quantitative analysis of market size, price, demand, mergers and acquisitions, supply chain, investment and expansion plans by key competitors, and predictions. The SWOT analysis was employed to identify the strengths and weaknesses of key players in the Industrial Enzymes industry, while the PESTLE analysis was used to evaluate the potential impact of macroeconomic and microeconomic factors on the Industrial Enzymes industry.

Industrial Enzymes Market Regional Insights

The Industrial Enzymes market is broadly segmented into these regions, which helps in gaining a comprehensive understanding of the market's landscape and dynamics in each geographical area. This analysis provides valuable insights for businesses to make informed decisions and strategize their operations accordingly.

• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)

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Industrial Enzymes Market Segmentation

by Types

• Carbohydrases
• Amylases
• Cellulases
• Proteases
• Lipases

In terms of product type, the market was dominated by the carbohydrases segment, which in 2022 accounted for over 47.0% of global revenue. Animal feed, food and drink, pharmaceuticals, and other industries all use carbohydrase enzymes. The main use of carbohydrases is as a catalyst to change carbohydrates into sugar syrup, such as glucose and fructose, which is subsequently utilized in the food and beverage, pharmaceutical, and food industries.

Increased protein consumption as a result of consumers' growing awareness of their declining nutritional status is expected to drive demand for proteases in the food industry over the course of the forecast period. In addition, segment growth is anticipated throughout the forecast period due to the expansion of the chemical, detergent, and pharmaceutical end-use industries in developing nations like China, India, and Brazil.

 

by Application

• Food & Beverages
• Cleaning agents
• Animal feed
• Detergents
• Waste water treatment
• others

By Application, with over 22.0% of global revenue, the food and beverage segment led the market in 2022. Production of nutritious food and beverage products requires the use of industrial enzymes. Customized solutions and distinct enzyme products are needed by the cheese, fruit and vegetable, fats and oils, grain, and protein processing industries, as well as by the baking, dairy, cereal extraction, and brewing sectors of the food processing industry. Food and beverage companies can reduce waste, maximize production, optimize resources, save costs, minimize environmental pollution, and improve end product quality with the help of specialized enzyme solutions.

by Source

• Microorganisms
• Plants
• Yeast
• Animals
• Fungal

According to Source, the microorganisms category accounted for more than 60% of total revenue in 2022. There are three categories of microorganism-derived enzymes: yeast, fungus, and bacteria. Enzymes used in industry that are obtained from mushrooms include hydrolases, esterases, and phenol oxidases. The most popular source of bacterial enzymes is Bacillus. The food and beverage, pharmaceutical, and detergent industries use the majority of industrial enzymes. Products made from fungi are becoming more and more popular because they can be found in a wide range of end industries. Since they are crucial to the production and preparation of many different food items, including beer, soy sauce, dairy products, processed fruits, and baked goods, fungus enzymes have a wide range of uses.

Industrial Enzymes Market Key Players

• Chr. Hansen,
• Novozymes A/S,
• Codexis Inc.,
• Novus International Inc.,
• Associated British Foods (ABF) plc.
• AB Enzymes GmbH,
• E.I.du Pont de Nemours and Company,
• Advanced Enzyme Technologies Ltd.,
• Koninklijke DSM N.V.
• Amano Enzyme Inc.,
• BASF SE,
• DSM,
• DowDuPontInc,
• Roche
• Amano Enzymes Inc.
• Adisseo
• Codexis, Inc.
• F. Hoffmann-La Roche Ltd.
• Thermo Fisher Scientific Inc. (Affymetrix, Inc.)
• Amicogen Inc.
• AUM Enzymes
• Biocatalysts Ltd.
• Inofea AG
• Direvo industrial Biotechnology GMBH
• Dyadic International
• Enginzyme AB
• Enzymicals AG
• Genofocus, Inc.
• Maps Enzymes ltd.
• Speciality Enzymes and Biotechnologies company

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Key questions answered in the Industrial Enzymes Market are:

  • What is Industrial Enzymes?
  • What was the Industrial Enzymes market size in 2023?
  • What is the growth rate of the Industrial Enzymes Market?
  • Which are the factors expected to drive the Industrial Enzymes market growth?
  • What are the different segments of the Industrial Enzymes Market?
  • What growth strategies are the players considering to increase their presence in Industrial Enzymes?
  • What are the upcoming industry applications and trends for the Industrial Enzymes Market?
  • What major challenges could the Industrial Enzymes Market face in the future? 
  • What segments are covered in the Industrial Enzymes Market?
  • Who are the leading companies and what are their portfolios in Industrial Enzymes Market? 
  • What segments are covered in the Industrial Enzymes Market?
  • Who are the key players in the Industrial Enzymes market?

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2023)
  • Past Pricing and price curve by region (2018 to 2023)
  • Market Size, Share, Size & Forecast by different segment | 2024−2029
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis by segment with their sub-segments and Region 
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective 
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis 
  • PORTER’s analysis 
  • Value chain and supply chain analysis 
  • Legal Aspects of Business by Region
  • Lucrative business opportunities with SWOT analysis 
  • Recommendations 

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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