USD 6.53 billion
Industrial Enzymes Market Size, Share, Growth Analysis, By Product(Carbohydrase, Lipase, Protease, Polymerases & Nucleases), By Application(Food & Beverages, Detergents, Animal Feed, Biofuels), By Source(Plants, Animals and Microorganisms), By Formulation(Lyophilized Powder, Liquid, and Dry), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35J2114 |
Region:
Global |
Published Date: July, 2024
Pages:
247
|Tables:
69
|Figures:
75
Industrial Enzymes Market Insights
Industrial Enzymes Market size was valued at USD 6.9 Billion in 2022 and is poised to grow from USD 7.35 Billion in 2023 to USD 12.16 Billion by 2031, growing at a CAGR of 6.6 % in the forecast period (2024-2031).
The growing consumption of baker products and fruit juices is fueling the demand for enzymes. This factor is immensely contributing to industrial enzymes market growth. Enzymes are primarily utilized in the food & beverage sectors for increasing the quality of the food and their shelf-life span. Enzymes are also used in brewing and baking processes along with in dairy, starch, and sugar products that people consume in their everyday life that too in large quantities. This solution is utilized in baking to provide the flour or dough with some qualities. It can help in minimizing protein content of flour in biscuits and crackers, while using it in bread improves or standardizes their quality. Enzymes are extensively utilized in the food & beverage sectors as it is a basic requirement, due to which the demand for this product is increasing rapidly. Furthermore, the growing population is another factor that is helping the progression of the market because it is increasing the demand for dairy products that need ends.
US Industrial Enzymes Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Carbohydrates
Fastest Growth
Carbohydrates
Growth Rate
6.4% CAGR
Industrial Enzymes Market ($ Bn)
Country Share for North America Region(%)
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Industrial Enzymes Market Segmental Analysis
Industrial Enzymes Market is segmented based on Product, Formulation, Application, Source and Region. Based on Product, the market is segmented into Carbohydrase, Proteases, Lipases, Polymerases & Nucleases, and Others. Based on Application, the market is segmented into Food & Beverages, Detergents, Animal Feed, Biofuels, Textiles, Pulp & Paper, Nutraceutical, Personal Care & Cosmetics, Wastewater, Agriculture and Others. Based on Source, the market is segmented into Plants, Animals and Microorganisms. Based on Formulation, the market is segmented into Lyophilized Powder, Liquid and Dry. Based on Region, the global Industrial Enzymes Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Industrial Enzymes Market Analysis by Product
Based on type, the protease segment is dominating with the largest industrial enzymes market share. This is because protease is mainly utilized in the catalytic hydrolysis of protein peptides to amino acids. These are vital for protein breakdown in a vast range of applications like animal feed, chemicals, detergents, food, and even photography. The most common proteases are aspartate, cysteine, serine, threonine, papain, glutamic acid, and metalloprotease. The consumption of protein has increased immensely due to the growing awareness about nutrition among consumers. This is driving the requirement for protease in the food industry globally, increasing its popularity and the demand for enzymes.
Lipases is another segment that is experiencing the fastest growth in the industrial enzymes market. These enzymes are utilized for catalytic hydrolysis of fats or lipids. Lipases are utilized for transporting, digesting, and processing dietary lipids like fats, oils, triglycerides. The solution is extremely versatile and finds many applications in the food sectors primarily in cheese and yogurt fermentation, baking, and detergents. Furthermore, lipases are also used for biodiesel production, which indicates processing glycerides and fatty acids with the help of esterification and transesterification. The most common forms of proteases are serine, threonine, cysteine, aspartate, papain, glutamic acid, and metalloproteases.
Industrial Enzymes Market Analysis by Type
Based on source, the microorganisms segment is dominating the industrial enzymes market. The is mainly due to the less production expense and easy availability of microorganisms to enzyme manufacturers. Furthermore, the enzymes gathered from microorganisms can be divided into three categories: fungal, bacterial, and yeast enzymes. Most of these are used in detergent, food and medicinal applications. The demand for fungi-based enzymes is more because of their wide range of use in various end-use sectors.
Plant-based enzymes are witnessing the fastest growth as they are an ideal alternative. This segment is growing rapidly because of the availability of advanced technology to manufacture enzymes through plants with less investment. This product is available in various types of meals apart from fruits and vegetables. Foods prepared from plants have a lot of enzymes and can be consumed raw or cooked. Due to its usage as an anti-inflammatory, protein-digesting aid, and tool for wound debridement, bromelain is in great demand.
Industrial Enzymes Market By Type(%)
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Industrial Enzymes Market Regional Insights
North America is dominating the industrial enzymes market with the highest revenue share. This is mainly due to a prominent market for enzymes. The main reason behind this is there are a lot of different end-use organizations in sectors like food & beverage, laundry detergent, pharmaceutical, and personal care & cosmetics. This is increasing the opportunities for R&D activities in several countries of the region. Moreover, genetically modified organism strains remanufactured by food enzymes are also sourced from microorganisms with the assistance of technological advancements. These strains have the potential to enhance the efficiency of the product in food items.
The Asia-Pacific region is witnessing the fastest growth in the industrial enzymes market. This is primarily owing to the increasing meat production across the region, particularly in China. United Nations Food and Agriculture Organization estimates that China manufactured almost 77.92 million tons of beef in 2020. The government also authorized the export of frozen and chilled Australian beef in the region, which has also significantly increased the demand for industrial enzymes in the meat processing industry. The growing industrialization and an increase in disposable income in these regions have also contributed to the rising adoption of enzymes for the production procedures. Moreover, many organizations are also developing new enzymes and production processes to suit the ever-increasing market requirements.
Industrial Enzymes Market By Region
- Largest
- Fastest
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Industrial Enzymes Market Dynamics
Industrial Enzymes Market Drivers
Increasing Awareness of Environmental Issues
- Growing awareness of environmental issues and the need for sustainable practices has led to increased interest in industrial enzymes. Enzymes are more environmentally friendly compared to conventional chemical processes. This is because they are biodegradable and can operate under mild conditions, minimizing the use of harsh chemicals and energy consumption.
Innovations in Biotechnology
- Developments in biotechnology, like genetic engineering and enzyme engineering techniques, have enabled the development of highly efficient and specific enzymes for various industrial applications. These innovations have widened the range of possible enzyme applications. Such innovations are immensely boosting the development of the industrial enzymes market. It is also expanding the market globally.
Industrial Enzymes Market Restraints
High Production Costs
- The production of industrial enzymes, especially those produced through fermentation processes, can be expensive. The cost of production includes the cultivation of microorganisms, down-stream processing, and purification. These costs can limit the affordability and widespread use of enzymes, particularly in smaller scale applications. The rise of such expenses can discourage the small enterprise companies or startups from investing in industrial enzymes industry, restricting its growth.
Regulatory Compliance
- Enzymes used in industrial processes are subject to regulatory oversight in many countries. Compliance with regulatory requirements can be a complex and time-consuming process. Furthermore, changes in regulations can impact the use of specific enzymes in certain applications. This is restricting many companies from investing in various types of enzymes for producing advanced medical products. This is immensely hindering the growth of the market.
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Industrial Enzymes Market Competitive Landscape
The industrial enzymes industry is major influenced by prominent market leaders like BASF SE, Novozymes, DuPont, Danisco, and DSM. The market can be characterized by extremely investment-driven and long enzyme development cycles by key product manufacturers. Therefore, the raw material suppliers and manufacturers have immense opportunities to offer uniform and better-quality enzymes with the help of a reviewed supply chain. Several market participants are also frequently taking part in mergers and acquisitions to increase their market presence. They are also collaborating and partnering with other companies for developing better technologies and products to attract more customers and broaden their reach globally.
Industrial Enzymes Market Top Player’s Company Profiles
- Novozymes
- DSM
- BASF SE
- DowDuPont Inc.
- Chr. Hansen Holding A/S
- Kerry Group plc
- Roche Holding AG
- Amano Enzyme Inc.
- Advanced Enzyme Technologies Ltd.
- AB Enzymes GmbH
- Enzyme Development Corporation
- Specialty Enzymes & Biotechnologies Co.
- Biovet Private Limited
- Biocatalysts Ltd.
- Creative Enzymes
- Dyadic International Inc.
- Lumis Biotech Pvt. Ltd.
- Megazyme International Ireland Ltd.
- Nagase America LLC
- Nutriteck Inc.
Industrial Enzymes Market Recent Developments
- In March 2024, Novus International completely acquired BioResource International Inc. With this acquisition Novus will have complete control over BRI’s enzyme products and facilities in North Carolina. It improved their portfolio and expanded their potential in the enzymes market.
- In March 2024, JC Biotech’s 5.89% stake was acquired by Advanced Enzyme Technologies. The acquisition helped to increase their overall ownership to almost 96% at JC Biotech.
- In December 2023, Adisseo launched their new European Research and Innovation Centre in France. This was a strategic addition with the goal of improving their research potential in process chemistry, engineering, analysis, and nutrition research.
Industrial Enzymes Key Market Trends
- High Demand for Clean Label Products: The demand for clean labelled and natural food products is increasing rapidly. Enzymes can be utilized as a substitute of synthetic additives and enhance the texture, flavor, and shelf life of food products. It can play a vital part in the production of plant-based protein alternatives, helping to create products with better taste and texture. It can also be utilized for decreasing sugar and fat content in foods and beverages while maintaining taste and mouthfeel is expected to create immense opportunities for the industrial enzymes market growth rate.
- Constant Developments in Biotechnology: Continuous innovation in biotechnology led to invention of novel enzymes with higher specificity and efficiency. These developments encourage the growth of industrial enzyme applications in various industries, like food, textiles and pharmaceuticals. This is improving product quality and increasing shelf life. This continuous advancement in biotechnology is positively influencing the growth of the industrial enzymes market.
Industrial Enzymes Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the demand for global industrial enzymes markets have significantly increased due to the various functional properties of enzymes. These solutions are massively used in different sectors like pharmaceutical & biotechnology, food, textiles, biofuels, and others. In the food sector, enzymes are not only utilized for enhancing the food quality but also accelerating reaction specificity. Enzymes also have the potential of conversing protein and increasing the shelf life of products. Furthermore, they possess properties such as food softening and staleness inhibition, which make them ideal for use in food & beverages and other industries, boosting the market growth. Other factors like upsurge in adoption of biofuels, increase in digestive disorders, and vast range applications of enzymes in various industry verticals are also positively influencing the growth of the global enzymes market.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 6.9 Billion |
| Market size value in 2031 | USD 12.16 Billion |
| Growth Rate | 6.6% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Industrial Enzymes Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Industrial Enzymes Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Industrial Enzymes Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Industrial Enzymes Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Industrial Enzymes Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Industrial Enzymes Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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