USD 6.53 billion
Global Industrial Enzymes Market Size, Share, Growth Analysis, By Type(Carbohydrases, Proteases), By Application(Food & Beverages, Bioethanol) - Industry Forecast 2023-2030
Report ID: SQSG35J2004 | Region: Global | Published Date: April, 2023 | Pages: 247 | Tables: 69 | Figures: 75
Global Industrial Enzymes Market Insights
Industrial Enzymes Market size was valued at USD 6.53 billion in 2021 and is poised to grow from USD 6.95 billion in 2022 to USD 11.42 billion by 2030, growing at a CAGR of 6.4% in the forecast period (2023-2030).
The increasing demand for bioethanol and growing environmental concerns is the key aspect of the rise in the market revenue of Industrial Enzymes. As well as the multiple functions of enzymes will substitute for Industrial Enzymes Market growth. The Global Industrial Enzymes Market report provides a general assessment of the Industrial Enzymes Market.
Industrial Enzymes are used for preparing cheese, alcohol, bread, and fruit drinks. Enzymes are complex proteins, which help exaggerate biochemical reactions. These enzymes are largely used in the food beverage industry and in cleaning machinery in the industry. They are extracted from plant tissue, animal tissue, and microorganisms cells. Industrial Enzymes are largely created by the fermentation process. These are authorized by numerous industries to ensure the standards and stability of their products with improved production efficiency. They also help provide eco-friendly products to consumers owing to using less energy, water, and raw materials and generating less waste.
COVID-19 has emphasized the importance of consuming healthy and nutritious food. with a balanced consumption of enzymes and other carbohydrate sources. Fortified foods beverages infused with nutritional enzymes and other healthy ingredients are seeing an increase in demand. The Industrial Enzymes Market for meat products is expected to record a much inferior growth rate due to the dislike of meat products among consumers. However, the demand for bakery sweet products, dairy products, and juices is projected to surge with the rise in health concerns and increase in awareness regarding enzyme-mixed products.
US Industrial Enzymes Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2023-2030
Global Market Size
Largest Segment
Carbohydrates
Fastest Growth
Carbohydrates
Growth Rate
6.4% CAGR
Global Industrial Enzymes Market 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Industrial Enzymes Market Size By Type, 2021-2028 ($ Bn)
Global Industrial Enzymes Market Size By Type, 2021-2028 (%)
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Global Industrial Enzymes Market Segmental Analysis
The Global Industrial Enzymes Market is segmented based on Type, Application, and Region. Based on Type it is categorized into Carbohydrases, Proteases, Lipases, Polymerases & Nucleases. Based on Application it is categorized into Food & Beverages, Bioethanol, Feed, Detergents, Wastewater, Soil, and Oil Treatment. Based on the Region it is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Industrial Enzymes Market Analysis by Type
Carbohydrases dominated the Industrial Enzymes Market in 2021, accounting for more than 47% of global sales. Carbohydrase enzymes are used in a variety of applications, such as pharmaceuticals, animal feed, and food and drinks. Carbohydrates 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. Another well-known product is a protease, which is widely utilized in food, pharmaceuticals, detergents, animal feed, chemicals, and photography for protein breakdown and catalytic hydrolysis of protein peptides to amino acids. Proteases that are often found include serine, threonine, cysteine, aspartate, papain, glutamic acid, and metalloproteases.
Global Industrial Enzymes Market By Type, 2021 (%), 2021 (%)
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Global Industrial Enzymes Market Regional Insights
In 2021, the North American region dominated the industrial enzymes market. The Industrial Enzymes Market in this region has reached the developed stage, and the consumption of enzymes has become standard practice. According to a Survey in 2020, North America witnessed a steady growth of 2% in feed production over the year. This is due to the increase in the growth of major kinds, with beef and poultry leading at 3% each.
Technological advancements in this region have made enzymes accessible for a good range of uses, and this segment is estimated to drive the growth of the market within the region. This region is anticipated to be the largest Industrial Enzymes Market owing to the development of new and superior performing products in the given forecast.
Global Industrial Enzymes Market By Geography, 2021-2028, 2023-2030
- Largest
- Fastest
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Global Industrial Enzymes Market Dynamics
Industrial Enzymes Market Driver
- Renewable sources for energy lead to increased use of bioethanol. The need for fossil fuels has increased during the last few decades. Hence, the search for sustainable and renewable alternative sources has gained interest. Bioethanol production with Enzymatic hydrolysis presents an important step, where sugar those are fermented is obtained in the final fermentation process.
- In regions with maximum agricultural capacity, ethanol biomass can be used as an extender, or octane booster as an alternative for traditional vehicle fuels, such as gasoline, diesel, and kerosene. Bioethanol is prepared from agricultural waste containing corn stalks, leaves, bagasse of sugarcane, and other processing waste streams in it.
Industrial Enzymes Market Restraint
- The action of enzymes is highly influenced by the surrounding environment. A decrease in temperature causes the reaction rate to drop significantly, while thermal agitation destroys the food enzyme, hence making it non-functional. Varying the pH outside the actual range of the food enzyme also reduces the enzyme activity and can ultimately lead to permanent degradation.
- Food enzyme producers strive to produce enzymes that can act in a wide temperature and pH range. However, there is still a long way to go if enzyme use has to be universally used in all food & beverage manufacturing processes.
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Global Industrial Enzymes Market Competitive Landscape
The Global Industrial Enzymes Market is highly competitive, with the existence of numerous major firms operating in both domestic and international markets. The industry's top players are embracing strategic collaboration initiatives to improve market share and profitability. Some of the major players in the Industrial Enzymes Market are BASF, Novozymes, Advanced Enzyme Technologies, and Amano Enzyme Inc. among others who are driving the Industrial Enzymes Market.
Industrial Enzymes Market Top Player’s Company Profiles
- BASF
- Kerry
- Novozymes
- DSM
- DuPont
- Chr. Hansen
- AB Enzymes
- Amano Enzymes
- Biocatalysts
- Roche
- Advanced Enzymes Technologies
- Dow Chemical
- Enmex
- Specialty Enzymes and Biotechnologies
- Dyadic International
- Lumis Biotech
- Creative Enzymes
- Enzyme Development Corporation
- Enzyme Supplies Limited
- Enzymatic Deinking Technologies.
Industrial Enzymes Market Recent Developments
- In May 2022, BASF doubled its production of antioxidants named Irganox a registered product, to meet the growing demand for antioxidants globally.
- In March 2022, Neozyme, the Megazyme branded product magazine has been optimized by the company for better product usability by adding variety and a focused product portfolio.
- In May 2021, Advanced Enzyme Technologies Ltd. reported that the Board of Directors has approved the acquisition of a 15% holding in the equity share of JC Biotech Private Limited, making it a 70% subsidiary.
- In October 2020, DSM groups acquired Erber Group’s Biomin and Romer Labs. It has a specialty animal nutrition and health business and products are specialized in mycotoxin binding and intestine health management. The Romer Labs business focuses on food and feed safety standard solutions.
Global Industrial Enzymes Key Market Trends
- The food and beverage industry dominates the industrial enzymes market, accounting for a total share of more than 30%. This is the fastest-growing segment, supported by the ever-expanding global population and its increasing purchasing power. Health and wellness awareness is also a factor in people‘s increasing demand for food quality, production processing, and better nutritional value.
- The increasing demand for quality foods in terms of natural flavor and taste has become a common trend among consumers. This triggered the need for the development of flavored and tasty processed foods using industrial enzymes. These enzymes act as catalysts by playing major roles in the breaking down of vitamins and nutrients in the metabolic reactions and interchange of complex molecules for smaller molecules.
Global Industrial Enzymes Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the North American region dominated the industrial enzymes market. The market in this region has reached the developed stage, and the consumption of enzymes has become standard practice. It has witnessed a steady growth of 2% in feed production over the year. This is due to the increase in the growth of major kinds, with beef and poultry leading at 3% each. Carbohydrases dominated the Industrial Enzymes Market in 2021, accounting for more than 47% of global sales.
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| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 6.53 billion |
| Market size value in 2030 | USD 6.95 billion |
| Growth Rate | 6.4% |
| Base year | 2021 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
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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 Global 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 Global 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 Global 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 Global 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 Global Industrial Enzymes Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global 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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