Global Industrial Enzymes Market

Global Industrial Enzymes Market Size, Share, Growth Analysis, By Type(Carbohydrases, Proteases), By Application(Food & Beverages, Bioethanol) - Industry Forecast 2024-2031

Report ID: SQSG35J2004 | Region: Global | Published Date: February, 2024
Pages: 247 | Tables: 69 | Figures: 75

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

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Industrial Enzymes Market size was valued at USD 6.53 billion in 2019 and is poised to grow from USD 6.95 billion in 2023 to USD 11.42 billion by 2031, growing at a CAGR of 6.4% in the forecast period (2024-2031).

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. '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.'

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.

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.

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.

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Global Industrial Enzymes Market

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