Introduction of the Industrial Enzymes 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.

To have an edge over the competition by knowing the market dynamics and current trends of “Global Industrial enzymes Market”, request for Sample Report here

Market Dynamic

Key Drivers and Emerging Trends

The factors strengthening the global Industrial Enzymes Market size includes their rising usage across biofuel, food & beverage, animal feed, and nutraceutical industries along with the increasing demand for carbohydrase and proteases in China, India, and Brazil. Enzymes ensure better product quality with a lower production cost and lower waste generation. Ongoing product innovations, rapid urbanization, rising environmental norms, expansions of application bases, and continuous developments in the nutraceutical sector are anticipated to provide numerous opportunities to the market. Increasing emphasis of producers on adoption of advanced and eco-friendly technologies to personalize the products and improve its properties will generate enormous opportunities for the market.

Moreover, as per the Industrial Enzymes Market forecast, the strategic Government’s support through taxes and subsidies on food items and growing number of trade deals, will further increase the Industrial Enzymes Market share. For example, Comprehensive Economic Partnership Agreement (CEPA) between the Government of India and Republic of India and United Arab Emirates (UAE) and The United States-Mexico-Canada Agreement (USMCA) will benefit workers, farmers, and businesses. However, enzymes are extremely sensitive to temperature and pH, thus the product handling problems might impede the Industrial Enzymes Market Share over the forecast period.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

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.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Free Customization here

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 2021, Novozymes entered into a partnership Novo Nordisk Pharmatech to develop high-quality technical enzymes in order to encourage the production processes in the biopharmaceutical industry. This collaboration is intended to help Novozymes to expand the processes in the regenerative medicines market.
  • In 2021, BASF entered into an agreement with Sandoz GmbH, a subsidiary of Novartis, to make an investment in Kundl/Schaftenau Campus in Austria. This agreement allows BASF SE to expand its production footprint for enzymes and biotechnology products.
  • In 2021, Advanced Enzyme Technologies acquired 51% in SciTech Specialities Private Limited (SSPL) by subscribing to 492,630 equity shares of SSPL and purchasing 27,778 equity shares from a few selling shareholders, i.e., 520,408 equity shares, i.e., 51% of paid-up share capital of SSPL. The acquisition will help Advanced Enzyme leverage expand its business-to-consumer segments.
  • 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 enzymes 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. 

For detailed scope of the “Industrial enzyme Market” report request a Sample Copy of the report

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 enzymes 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 enzymes 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 enzymes Market by Type

• • Carbohydrase
  • Lipase
  • Protease
  • Others

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