Introduction of the Industrial enzyme Market Report

Industrial enzymes refer to the enzymes that are used in different industries such as pharmaceuticals, biofuels, food & beverages, and consumer products. Enzymes are used as a unit operation within a process for the generation of the desired product. The global industrial enzymes market is basically classified into carbohydrase, lipase, protease, and others.

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Market Dynamic

Key Drivers and Emerging Trends

The global industrial enzymes market is projected to witness significant growth in demand over the coming years. The accelerating demand from numerous end-user industries such as animal feed, food and beverage, biofuel, and others is a major factor that is contributing to the growth of the industrial enzymes market share. Moreover, the strong demand for carbohydrase and proteases in food and beverage applications, particularly in developing nations such as Japan, India, and China, is another factor that is propelling the market growth. Industrial enzymes are increasingly used in the animal feed and nutraceutical industries. The industrial enzymes market report states that there has been an increase in the consumption of processed food and packaged food products, which in turn, has motivated the demand for industrial enzymes in different sectors.

As per the GMI Research analysis, the food processing sector accounts for around 37% of the total share of the industrial enzyme market. Consumers are now looking for food products with natural flavors and tastes, which is one of the emerging trends in the market. This factor is motivating the companies to introduce flavored and tasty processed food products using industrial enzymes. Various food enzymes, such as lipase, glucosyltransferase, chymosin, and beta-glucanase, are considered as an important part of the global food additives sector. In addition to this, the government’s constant support related to taxes & subsidies on the food production, along with the upgradation of trade practices between countries, is opening new doors for the industrial enzymes market growth. For example, the free trade agreement such as the North America Free Trade Agreement (NAFTA) and Trans-Pacific Partnership (TPP) is helping to expand the international trade activities among various countries.

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Type – Segment Analysis

Based on the type, the carbohydrase segment is predicted to grow at a higher CAGR during the forecast period. The increasing industrial applications of carbohydrase such as in detergents, textiles & leather, food & beverages, and other sectors is one of the key drivers that is responsible for the growth of the segment in the market. As per the industrial enzymes market overview, the carbohydrase offers numerous industrial applications as it is highly cost-effective, easy to modify, requires less space and time, and helps in optimization of the process.

Application – Segment Analysis

Based on the application, the Food & Beverages segment is anticipated to dominate the market during the forecast period. This is attributed to the rising application of enzymes in the food & beverage sector over the coming years. The enzymes are increasingly used in dairy products, bakery products, meat processing, and various other food products such as processed fruits and vegetables and processed food products. The specialized enzyme solutions are helping the food and beverage manufacturers to improve the quality of final products, increase their yield capacity, optimize resources, and reduce costs. On the other hand, the detergent segment is expected to grow at a faster CAGR during the forecast period. The end-users now prefer to use protease enzymes for the laundry detergent application, such as for the removal of protein stains. Amylases are used for the removal of starchy food products such as oatmeal, chocolate, custards, mashed potatoes, and other food materials.

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Regional – Segment Analysis:

Based on the region, North America is projected to dominate the market during the forecast period. The strong presence of various sectors such as pharmaceuticals, food and beverages, laundry, personal care, and cosmetics is one of the key factors that are likely to bring increased demand for industrial enzymes. On the other hand, Europe is expected to grow at a higher CAGR during the forecast period. The European countries are one of the leading consumers for pharmaceutical, medicinal, and cosmetics products. Various giant players such as Henkel AG & Co., GlaxoSmithKline plc., Novo Nordisk A/S, Novartis AG, Sanofi, and other companies have a widespread presence in Europe.

Top Market Players

Various notable players operating in the market include BASF SE, Novozymes, DuPont, DSM, Kerry, Advanced Enzyme Technologies, Chr. Hansen Holding A/S, Amano Enzyme Inc., Aumgene Biosciences, and Megazyme Ltd., among others. 

Key Developments:

• • In 2019, Novozymes expanded its presence in East Africa in order to allow to meet the changing consumer’s need. The company aimed to offer sustainable biological solutions and strengthen their existing relationships.
  • In 2018, Kerry announced the opening of first plant in Moscow. The new production and warehouse complex covers 7,000 square meters and produced ingredients for the meat processing and snacks market.

Segments covered in the Report:

The global industrial enzyme market has been segmented based on type, application, source, and regions. Based on type, the market is segmented into carbohydrase, lipase, protease, and others. Based on application, the market is segmented into food & beverages, biofuel, textile and leather, detergents, paper and pulp, wastewater treatment, and others. Based on source, the market is segmented into plant, animal, and microorganism. 

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Key questions answered in this research report:

• • At what pace is global industrial enzyme market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in global industrial enzyme market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global industrial enzyme market?
  • Which type generated maximum revenues in 2019 and identify the most promising type during the forecast period?
  • What are the various application areas of global industrial enzyme market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By Application, By Source, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	BASF SE, Novozymes, DuPont, DSM, Kerry, Advanced Enzyme Technologies, Chr. Hansen Holding A/S, Amano Enzyme Inc., Aumgene Biosciences, and Megazyme Ltd., among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Industrial enzyme Market by Type

• • Carbohydrase
  • Lipase
  • Protease
  • Others

Global Industrial enzyme Market by Application

• • Food & Beverages
  • Bio-Fuel
  • Textile & Leather
  • Detergents
  • Paper & Pulp
  • Wastewater Treatment
  • Others

Global Industrial enzyme Market by Source

• • Plant
  • Animal
  • Microorganism

Global Industrial enzyme Market by Region

• • North America Industrial enzyme Market (Option 1: As a part of the free 25% customization)
    • North America Industrial enzyme Market by Type
    • North America Industrial enzyme Market by Application
    • North America Industrial enzyme Market by Source
    • US Industrial enzyme Market All-Up
    • Canada Industrial enzyme Market All-Up
  • Europe Industrial enzyme Market (Option 2: As a part of the free 25% customization)
    • Europe Industrial enzyme Market by Type
    • Europe Industrial enzyme Market by Application
    • Europe Industrial enzyme Market by Source
    • UK Industrial enzyme Market All-Up
    • Germany Industrial enzyme Market All-Up
    • France Industrial enzyme Market All-Up
    • Spain Industrial enzyme Market All-Up
    • Rest of Europe Industrial enzyme Market All-Up
  • Asia-Pacific Industrial enzyme Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Industrial enzyme Market by Type
    • Asia-Pacific Industrial enzyme Market by Application
    • Asia-Pacific Industrial enzyme Market by Source
    • China Industrial enzyme Market All-Up
    • India Industrial enzyme Market All-Up
    • Japan Industrial enzyme Market All-Up
    • Rest of APAC Industrial enzyme Market All-Up
  • RoW Industrial enzyme Market (Option 4: As a part of the free 25% customization)
    • RoW Industrial enzyme Market by Type
    • RoW Industrial enzyme Market by Application
    • RoW Industrial enzyme Market by Source
    • Brazil Industrial enzyme Market All-Up
    • South Africa Industrial enzyme Market All-Up
    • Saudi Arabia Industrial enzyme Market All-Up
    • UAE Industrial enzyme Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Industrial enzyme Market All-Up

Major Players Operating in the Industrial enzyme (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • BASF SE
  • Novozymes
  • DuPont
  • DSM
  • Kerry
  • Advanced Enzyme Technologies
  • Hansen Holding A/S
  • Amano Enzyme Inc.
  • Aumgene Biosciences
  • Megazyme Ltd.