Industrial Enzymes Market: Global Market Size, Dynamics, Regional Share, Trends, Competitor Analysis 2015 to 2020 and Forecast 2021 to 2027

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Industrial Enzymes Market: By Type (Proteases, Polymerases & Nucleases, Lipase, and Others), By Application (Food Processing, Personal & Household Care, Pharmaceuticals, Textiles, Cosmetics, Leather Processing, Pulp & Paper, and Others), By Source (Animals, Plants, and Micro-organisms), and Geography – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

 

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Report

Description

Global industrial enzymes market was valued at US$ 6 Bn in 2020 and expected to grow at 6.6% CAGR from 2021 to 2027. Industrial enzymes are commercially used in a variety of industries such as pharmaceuticals, chemical production, food & beverages etc. Industrial enzymes are molecules or complex proteins, which help catalyze biochemical reaction. Industrial enzymes are used for the production of fruit drinks, alcohol, bread, and cheese. They are generally extracted from microorganisms, animal and plant tissues. Industrial enzymes are environmental friendly and helps in substituting non-renewable chemicals which decreases the production of harmful wastes. Over the forecast period, rising product demand from end-use sectors such as biofuel, household cleaning, animal feed, and food and beverage is expected to drive industry expansion. The Industrial Enzymes Market is expected to be fueled by rising demand for carbohydrase and proteases in food and beverage applications, particularly in Asia Pacific’s expanding economies like China, India, and Japan. Furthermore, increased industrialization and improvements in the nutraceutical sector might be ascribed to growth in developed economies. Such factors have boosted product demand significantly. High sensitivity of enzymes to temperature and pH, as well as product handling security issues, are among the industry’s challenges. In the near future, these variables are expected to have an impact on market growth. Key players, on the other hand, are anticipated to benefit from the growing adoption of their products in a variety of end-use industries, including food and beverages, animal feed, biofuels, and diagnostics. Carbohydrases dominated the market in 2019, accounting for more than 47.0 percent of global sales. Carbohydrase enzymes are used in a variety of applications, such as pharmaceuticals, animal feed, and food and drinks. Carbohydrases are primarily used as a catalyst for the conversion of carbohydrates, such as fructose and glucose, into sugar syrup, which is then used in the pharmaceutical and food and beverage sectors.

Industrial Enzymes Market

MARKET SUMMARY
-
6.6% CAGR
  • Study Period– 2021-2027
  • Base Year– 2020
  • CAGR– 6.6%
  • Largest Market– North America
  • Fastest Growing Market– Europe

Industrial Enzymes Market

  • The report on global Industrial Enzymes Market gives historical, current, and future market sizes (US$ Bn) on the basis of type, application, source and geography.
  • Industrial Enzymes Market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Key Players
  • Koninklijke DSM N.V (Netherlands)
  • Novozymes A/S (Denmark)
  • BASF SE (Germany)
  • I. DuPont de Nemours and Company (U.S.)
  • Associated British Foods Plc (U.K.)
Dynamics

Industrial Enzymes Market

The industrial enzymes market is majorly driven by increasing demand for food and beverages owing to changing lifestyles. The advancements in the biotechnology, mainly in the field of protein engineering is adding aid in the innovation of new products which is helping the manufacturer in the expansion. Moreover, increasing investment in the food and beverage and pharmaceutical industry is expected to drive the overall industrial enzymes market growth. Increase in the consumption of processed food and packaged food around the world, leads to a rise in demand for the industrial enzymes in various countries. The strong demand for enzyme-rich food and beverages is also one of the major factor responsible for the growth in the industrial enzymes market. However, stringent regulation the over the use of industrial enzymes is constraining the growth of the market. Factors such as, concerns regarding safety and quality of the product, regulatory concerns are hindering the industrial enzymes market growth.


North-America got significant share

Industrial Enzymes Market

Geographically, global industrial enzymes market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North Americaindustrial enzymes market is growing due to increase in demand for food and huge investments in food and beverages industry. The rising disposable income of people over the food and beverages affecting the growth of the industrial enzymes market positively in Asia-Pacific region. Followed by North America is the European region and Asia Pacific regions. Asia Pacific is expected to show highest growth over the forecast period owing to population explosion and riding demands for food in the Asia Pacific region is driving the growth of the industrial enzymes market.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Features of the Report

  • The report covers exhaustive regional information, that includes North America, Asia-Pacific, Latin America and Middle East and Africa.
  • The report provides granular level information about the market size, regional market share, historic market (2015-2020) and forecast (2021-2027)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework and reimbursement scenario

Industrial Enzymes Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content


Report

Company Profile

  • Koninklijke DSM N.V (Netherlands)
  • Novozymes A/S (Denmark)
  • BASF SE (Germany)
  • I. DuPont de Nemours and Company (U.S.)
  • Associated British Foods Plc (U.K.)
  • DSM (Netherlands)

Description

Global industrial enzymes market was valued at US$ 6 Bn in 2020 and expected to grow at 6.6% CAGR from 2021 to 2027. Industrial enzymes are commercially used in a variety of industries such as pharmaceuticals, chemical production, food & beverages etc. Industrial enzymes are molecules or complex proteins, which help catalyze biochemical reaction. Industrial enzymes are used for the production of fruit drinks, alcohol, bread, and cheese. They are generally extracted from microorganisms, animal and plant tissues. Industrial enzymes are environmental friendly and helps in substituting non-renewable chemicals which decreases the production of harmful wastes. Over the forecast period, rising product demand from end-use sectors such as biofuel, household cleaning, animal feed, and food and beverage is expected to drive industry expansion. The Industrial Enzymes Market is expected to be fueled by rising demand for carbohydrase and proteases in food and beverage applications, particularly in Asia Pacific’s expanding economies like China, India, and Japan. Furthermore, increased industrialization and improvements in the nutraceutical sector might be ascribed to growth in developed economies. Such factors have boosted product demand significantly. High sensitivity of enzymes to temperature and pH, as well as product handling security issues, are among the industry’s challenges. In the near future, these variables are expected to have an impact on market growth. Key players, on the other hand, are anticipated to benefit from the growing adoption of their products in a variety of end-use industries, including food and beverages, animal feed, biofuels, and diagnostics. Carbohydrases dominated the market in 2019, accounting for more than 47.0 percent of global sales. Carbohydrase enzymes are used in a variety of applications, such as pharmaceuticals, animal feed, and food and drinks. Carbohydrases are primarily used as a catalyst for the conversion of carbohydrates, such as fructose and glucose, into sugar syrup, which is then used in the pharmaceutical and food and beverage sectors.

ASIA PACIFIC OFFICE

Precision Business Insights, 5th Floor, Mohan’s Elite, Opp : Bharat Petroleum Pump, Khanamet Road, Hitech City, Hyderabad – 500084

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX