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Industrial Enzymes Market

Industrial Enzymes Market

Industrial Enzymes Market By Product Type (Carbohydrases, Proteases, Lipases) By Application (Technical, Feed Additives, Food Processing), By End Use - Global Forecast 2022-2032

Industrial Enzymes Market
FACT7441MR

Industrial Enzymes Market Outlook (2022-2032)

Global sales of industrial enzymes are predicted to increase at a noteworthy CAGR of 3.9% from 2022 to 2032. At the end of 2021, the global industrial enzymes market size was valued at US$ 6 billion and is anticipated to top US$ 9 billion by the end of 2032.

Demand for carbohydrases is expected to increase at a higher CAGR of 4.3% from 2022 to 2032, attributed to their high thermal stability, as well as their growing acceptance in food and biofuel industries. As such, this segment is predicted to account for around 44% of the global market share.

Report Attributes

Details

Industrial Enzymes Market Size (2022)

US$ 6.17 Billion

Projected Market Value (2032)

US$ 9 Billion

Global Market Growth Rate (2022-2032)

3.9% CAGR

North America Market Share (2022)

28.8%

Key Companies Profiled

  • AB Enzymes
  • Advanced Enzyme Technologies
  • Amano Enzyme Inc.
  • BASF SE
  • Biocatalysts
  • BioResource International Inc.

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Revenue Analysis of Industrial Enzymes (2017-2021) Vs Market Outlook (2022-2032)

As per Fact.MR, a market research and competitive intelligence provider, from 2017 to 2021, the global industrial enzymes market experienced a CAGR of around 2.9%.

Enzyme manufacturers now have the option of producing the required quantity of enzymes in designated production hosts such as transgenic plants and microorganisms, owing to advancements in technology such as genetic engineering. On a commercial scale, enzymes are produced utilizing appropriate microorganisms such as bacterial enzymes, fungal enzymes, and yeast enzymes.

Nuclease enzymes are commonly used to aid industrial processes and product manufacturing, and these enzymes are known as industrial enzymes. Rapid deployment of industrial enzymes for product quality improvement is driving market growth.

Rising demand for industrial enzymes from end-use sectors such as biofuels, household cleaning, animal feed, and food & beverages is expected to drive industry expansion over the forecast period.

Industrial enzyme demand across the world is projected to rise at a CAGR of 3.9% from 2022 to 2032.

Industrial enzymes market forecast by Fact.MR

Which Industry Trends are Driving Global Industrial Enzymes Market Growth?

“Increasing Demand for Renewable Energy Sources & Eco-friendly Products”

Growing demand for sustainable and renewable alternatives is driving the demand for enzymes. Enzymatic hydrolysis is an important phase in the bioethanol manufacturing process, as it is where fermented sugars are obtained in the final fermentation process.

Biotechnology-based enzymes have long been recognized as a viable alternative to traditional chemicals and as a means of addressing issues associated with synthetic chemicals. Synthetic chemicals employed in industrial operations are hazardous to the environment.

Microorganisms-based enzymes, such as carbohydrases, have no negative environmental impact because they work under moderate settings, lowering energy usage and greenhouse gas emissions.

Benzoate-free enzymes are utilized to boost the nutritional content of food and feed. Enzymes reduce water use, chemical waste, and by-product formation while offering little danger to humans and the environment. Plant-derived enzymes are thought to be cost-effective, safe, and environmentally friendly.

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How is Consumption of Industrial Enzymes Being Restrained?

“High Sensitivity of Enzymes to Temperature & pH and High Raw Material Costs”

Contamination of industrial enzymes with other chemical components found in food and beverages might disrupt the chemical process, resulting in significant waste. As a result, costs associated with using enzymes as a raw material have increased, posing a challenge to the enzymes market. The high cost of raw materials needed in the production of industrial enzymes is hampering the demand for enzyme-based products.

The industrial enzymes market is expected to be hampered by the high sensitivity of enzymes to temperature and pH, as well as product management security concerns over the forecast period. The industrial enzymes market is predicted to grow slowly over the coming years due to a lack of transparency in patent rules in certain countries.

Which Region is a Leading Producer of Industrial Enzymes?

“Rising Demand for Textile Processing Driving Market Value in APAC”

APAC accounts for 36.6% share of the global industrial enzymes market, owing to significant growth in the healthcare, food & beverage, and chemical sectors. Rapid population growth and rising consumer expenditure are driving the market growth in the region.

The presence of the largest enzyme companies, rising sales of yeast enzymes, and increasing demand for enzymes in textile processing are driving the market expansion in the region.

The European industrial enzymes market is driven by the presence of major pharmaceutical and cosmetic companies.

An Adaptive Approach to Modern-day Research Needs

Country-wise Insights

What Favoring U.S. Industrial Enzymes Market Expansion?

“High Consumption of Specialized Enzyme Solutions Boosting Market Revenue”

The U.S. industrial enzymes market is projected to expand at a CAGR of 3.6% from 2022 to 2032. Due to the rising demand for processed foods and increasing enzyme uses in the processed food industry, consumption and sales of industrial enzymes in the United States are flourishing.

High consumption of specialized enzyme solutions in several industries is driving market growth in the U.S.

Why Should Industrial Enzyme Manufacturers Focus on China?

“Rising Biotech Investments in China for Effective Enzyme Products”

The market in China is anticipated to rise at a CAGR of 4.8% over the forecast period. Increased demand for carbohydrase enzymes and protease enzymes in pharmaceutical and food applications is driving the market growth in China. Market expansion is being fuelled by increased biotech investments aimed at introducing more effective enzyme goods.

China is also a significant manufacturer of cars and aircraft. As a result, the industrial sector is expected to grow significantly in the future, driving wastewater treatment product demand over the forecast period.

Category-wise Insights

Which Type of Industrial Enzymes is More Preferred across Regions?

“Carbohydrases Highly Preferred Owing to Their Cost-effective Benefits

By product type, the market is segmented into carbohydrases, proteases, lipases, and other product types. Carbohydrases account for 44% of the global industrial enzymes market. Carbohydrases are largely used in the food industry for the production of fruit drinks, wine, and dairy.

Carbohydrases are also used in detergents, textiles, and leather, as well as bioethanol. Carbohydrases also have advantages in a variety of industrial applications due to their inexpensive cost, reduced time and space requirements, and simplicity of modification and optimization.

Additionally, carbohydrase enzymes have both food and industrial applications. They support the breakdown of carbs and simple sugars in both the human body and processed foods. Carbohydrases reduce the number of harmful ingredients in packaged foods.

Why is the Food and Beverage Industry a Frontrunner in Industrial Enzyme Demand?

“Increasing Innovation & Development of Technologies in Food & Beverages Industry Driving Market Expansion

Based on end use, the global industrial enzymes market can be classified into food & beverages, detergents, animal feed, personal care & cosmetics, nutraceuticals, textiles, and others. The food and beverages industry accounts for 24.9% share of the global industrial enzymes market.

The quest for high-quality food with natural flavor and taste has become a popular trend among today's consumers. Consumers benefit from the continuous enhancements of drinks and other items. The use of dairy enzymes in the food and beverage sector has steadily expanded as new products are developed. The need for lipase enzymes has increased due to the increased use of packaged foods and beverages.

Using fruit and vegetable-derived enzymes, food and beverage businesses can improve the quality of their end products, boost yield, optimize resources, lower prices, cut emissions, and eliminate waste.

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Competitive Landscape

Industrial enzyme manufacturing companies are pursuing the quick adoption of innovative technologies to improve product quality and increase their competitive share through strategic initiatives such as mergers, new product development, and acquisitions.

For instance :

  • In 2021, Novozymes and Novo Nordisk Pharmatech partnered to develop best-in-class technical enzymes to support biopharmaceutical production solutions.

Key Segments Covered in Industrial Enzymes Industry Research

  • Industrial Enzymes Market by Product Type :

    • Carbohydrases
    • Proteases
    • Lipases
    • Other Product Types
  • Industrial Enzymes Market by Application :

    • Technical
    • Feed Additives
    • Food Processing
  • Industrial Enzymes Market by End Use :

    • Food & Beverages
    • Detergents
    • Animal Feed
    • Personal Care & Cosmetics
    • Nutraceuticals
    • Textiles
    • Other End Uses
  • Industrial Enzymes Market by Region :

    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa

- FAQs -

The global industrial enzymes market size is currently valued at US$ 6.17 billion.
APAC holds 36.6% share in the global industrial enzymes market.
The global market for industrial enzymes is predicted to be valued at US$ 9 billion by 2032.
AB Enzymes, Advanced Enzyme Technologies, Amano Enzyme Inc., BASF SE, and Biocatalysts are key suppliers of industrial enzymes.
Increasing demand for food and beverages owing to changing lifestyles and rise in disposable income of a large population percentage are driving market growth.
The industrial enzymes market is anticipated to rise at a CAGR of 3.9% during the forecast period (2022-2032).

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