Global Industrial Enzymes Market 2021 by Company, Regions, Type and Application, Forecast to 2030

The global Industrial Enzymes market size is expected to be worth around US$ 9.11 billion by 2027, according to a new report by Vision Research Reports.

The global Industrial Enzymes market size was valued at US$ 5.5 billion in 2019 and is anticipated to grow at a CAGR of 6.3% during forecast period 2020 to 2027.

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Growth Factors

Rising product demand from the end-use industries, such as biofuel, home cleaning, animal feed, and food and beverage, is projected to fuel the industry growth over the forecast period. The market is anticipated to be driven by ascending demand for and proteases in the food and beverage applications, especially in the emerging economies of Asia Pacific, such as China, India, and Japan. Moreover, growth in the developed economies can be attributed to increasing industrialization, along with advancements in the nutraceutical sector. Such factors have bolstered the product demand on a large scale.

Growing demand for specialty enzymes in applications, such as diagnostics, pharmaceutical, research, and biotechnology, is projected to foster the product demand. Industrial enzymes are also predicted to gain notable growth in the years to come due to their increasing demand from the animal feed and nutraceutical industries. Increasing consumer awareness concerning health has resulted in the growing consumption of functional food products, which is further likely to trigger the product demand in the near future.

Report Highlights

Carbohydrases led the market and accounted for more than 47.0% share of the global revenue in 2019. Carbohydrase enzymes are utilized in various end-use industries, including pharmaceuticals, animal feed, and food and beverages. Carbohydrases are used predominantly as a catalyst for the conversion of carbohydrates into sugar syrup, including fructose and glucose, which are further utilized in the pharmaceutical and food and beverage industries.

Increasing awareness about declining nutrition levels among consumers has surged global protein consumption, which is expected to increase the demand for proteases in the food industry over the forecast period. In addition, the growth of the pharmaceutical, detergent, and chemical end-use industries in emerging economies, such as China, India, and Brazil, is expected to promote the segment growth over the forecast period.

The micro-organisms segment accounted for more than 80.0% share of the global revenue in 2019. Microorganisms-based enzymes are divided into three types, namely bacterial, fungal, and yeast enzymes. Mushroom-based industrial enzymes comprise phenol oxidases, esterases, and hydrolases. Bacterial enzymes are primarily sourced from Bacillus.

Fruits and vegetables are also considered a prominent source of industrial enzymes. Plant-based products are enzyme-rich and can be consumed effortlessly without requiring to be processed or cooked.

Animal-based are mainly procured from the pancreas and stomach of cattle and swine. These function entirely within a restricted range of pH levels, which makes them futile in the gut.

The food and beverage segment led the market and accounted for more than 22.0% share of the global revenue in 2019. Industrial enzymes play a vital role in manufacturing the nutritious food and beverage products.

Detergents emerged as the second-largest application segment, where amylases, lipases, and proteases are generally used in detergent formulations. Protease enzymes are primarily utilized in laundry detergent applications.

Enzymes also play a prominent role in cellulosic conversion for the production of cellulosic ethanol. The increasing rate of fossil fuel depletion and growing demand for green alternatives are projected to increase the demand for biofuels, which, in turn, is likely to drive the product demand over the forecast period. Enzymes such as lipases, phospholipases, and cellulases are the prominent types used in the sector.

For instance, enzymes such as phospholipase and lipase play a vital role in biodiesel production. Numerous biodiesel manufacturers have commercialized their biodiesel production with the enzymatic process.

North America led the market and accounted for over 35.0% share of the global revenue in 2019. The region is expected to maintain its lead over the forecast period.

Europe emerged as the second-largest consumer as it is one of the major producers of medicinal, pharmaceutical, and cosmetics products.

The growing population and rapidly developing textile industry in the region are expected to fuel the demand for enzymes in textile processing. Furthermore, Europe is a hub for manufacturing automobiles, rail coaches, and aerospace equipment and aircraft.

Key Players

Novozymes BASF SE DSM DuPont Danisco Associated British Foods plc Adisseo Novus International Advanced Enzyme Technologies Chr. Hansen Holding A/S Enzyme Development Corporation Lesaffre

Market Segmentation

Product Outlook Carbohydrases Amylases Cellulase Others Proteases Lipases Polymerases & Nucleases Others Source Outlook Plants Animals Microorganisms Application Outlook Food & Beverages Detergents Animal Feed Biofuels Textiles Pulp & Paper Nutraceutical Personal Care & Cosmetics Wastewater Others Regional Outlook  North America The U.S. Canada Mexico Europe The U.K. Germany France Spain Italy Asia Pacific China India Japan South Korea Indonesia Australia Central & South America Brazil Argentina Middle East & Africa Saudi Arabia Turkey

In this study, the years considered to estimate the market size of Industrial Enzymes are as follows:

Historic Year: 2016-2019 Base Year: 2020 Forecast Year 2020 to 2027

Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

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