Industrial enzymes are proteins that act as biological catalysts to accelerate chemical reactions and are extensively used across industries such as food and beverage, detergents, textiles, biofuels, and personal care & cosmetics. These include carbohydrase, protease, lipases, and other enzymes that are used in fruit and vegetable processing, dairy products, bakery products, protein modification and starch processing. They provide advantages such as improving yield, eco-friendliness, cost-effectiveness, flexibility, and functionality. Enzymes help enhance digestibility and nutritional value of foods and increase consistency across large-scale food production. The demand for natural, environmental friendly ingredients is creating huge opportunities for industrial enzymes specifically in food processing applications.
The Global industrial enzymes market is estimated to be valued at US$ 7.53 BN in 2024 and is expected to exhibit a CAGR of 6.4% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Industrial Enzyme Market are Advanced Enzyme Technologies, Lesaffre, Adisseo, Enzyme Development Corporation, BASF SE, Novozyme, DuPont Danisco, DSM, Novus International, Associated British Foods plc., and Chr. Hansen Holding A/S. These players are focused on new product launches, strategic partnerships & collaborations to expand their global presence.
Some of the key opportunities in the market include rising prominence of biofuels as a renewable energy source and focus on development of enzymes for application in green chemistry. Demand for Industrial Enzyme Market is also expected to surge in packaging and textile industries in the coming years. Furthermore, leading market players are exploring opportunities in developing economies like India and Brazil through expansion of production facilities and R&D centers to leverage untapped growth potential.
The global industrial enzymes market is expected to witness expansion in North America and Europe attributed to stringent regulations regarding sustainability. However, Asia Pacific region is anticipated to register highest growth supported by rapid industrialization, growing demand for processed food, and availability of low-cost raw materials and labor. Key players have significant opportunity to cater rising demand through cost-competitive production in Asia Pacific.
Market Drivers
The growing need for biofuels is a major market driver for industrial enzymes. Industry players are investing heavily in biofuel production using industrial enzymes as an effective catalyst. Surging focus on renewable energy sources and need for sustainable alternatives to fossil fuels is propelling consumption of industrial enzymes for biofuel production.
Market Restrains
High production costs associated with industrial enzymes due to extensive R&D requirements pose a major challenge. Fluctuations in raw material prices also affect the overall production costs of industrial enzymes. Additionally, insufficient awareness regarding benefits of enzymes in industrial applications in developing regions impedes market growth to some extent.
Segment Analysis
The industrial enzymes market can be segmented into carbohydrase, proteases, lipases, and others. Within carbohydrase, the amylases sub-segment dominates as it is widely used in food processing, textiles, and paper industries. Amylases break down starch, the main source of carbohydrates in plants and are used for multiple purposes like textile manufacturing, food processing, and paper making.
Global Analysis
Regionally, Asia Pacific dominates the global industrial enzymes market and is expected to grow at the fastest rate during the forecast period. This is due to the increasing population and economic growth in countries like China and India resulting in rising food processing needs. Moreover, the presence of major industrial enzymes producers in the region further propels the market. For instance, Advanced Enzymes Technologies, a key player, is headquartered in India. North America is another substantial market backed by well-established pharmaceutical and biofuel industries demanding industrial enzymes. However, regions like Europe and Latin America are also showing notable growth prospects.
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They have contributed greatly to the traditional and modern chemical industry by improving existing processes.
They are produced by living organisms to increase the rate of an immense and diverse set of chemical reactions required for life.
And their ability to perform very specific chemical transformations has made them increasingly useful in industrial processes.The world's industrial enzyme core manufacturers are mainly located in Europe and the United States, and the core manufacturers include Novozymes, DuPont, DSM, BASF and AB Valcations.Segment by Type, the Industrial Enzymes market is segmented intoSaccharifying EnzymeAmylaseProteaseLipasesOthersSegment by Application, the Industrial Enzymes market is segmented intoFood and BeverageDetergentsAnimal FeedTextilePulp and PaperBioenergyOthersRegional and Country-level Analysis:North AmericaUnited StatesCanadaAsia-PacificChinaJapanSouth KoreaIndiaSoutheast AsiaAustraliaRest of Asia-PacificEuropeGermanyFranceU.K.ItalyRussiaNordic CountriesRest of EuropeLatin AmericaMexicoBrazilRest of Latin AmericaMiddle East & AfricaTurkeySaudi ArabiaUAERest of MEACompetitive Landscape and Industrial Enzymes Market Share AnalysisIndustrial Enzymes market competitive landscape provides details and data information by companies.
The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2016-2021.
Details included are company description, major business, Industrial Enzymes product introduction, recent developments, Industrial Enzymes sales by region, type, application and by sales channel.The major companies include:NovozymesDuPontDSMLongda Bio-productsGuangdong VTR Bio-TechVlandSunHYChallenge GroupSunsonAmano EnzymeAdvanced Enzyme TechnologiesNanning Doing-Higher Bio-TechGodo ShuseiJiangyin BSDZYME Bio-EngineeringBeijing Smistyle Sci.
