Industrial Enzymes Market: Trends, Challenges, and Growth Strategies (2023-2029 Forecast)

supriya maximize

Apr 25, 2024 • 5 min read

Industrial Enzymes Market Report Overview

In order to present a current picture of the market and help grasp its features in an optimal manner, Maximize Market Research does a thorough analysis of Industrial Enzymes. The market features of accumulation, segmentation, dominance, and combination traits are presented in the Industrial Enzymes Market study. The study gives a general overview of the artificial organ market by highlighting common themes with data that is tailored to the specific needs. Making judgments about how to approach the market and comprehend the Industrial Enzymes industry's backdrop is made easier with the help of this overview.

Industrial Enzymes Market was valued at USD 7.09 Bn in 2022, and it is expected to reach USD 10.96 Billion by 2029, exhibiting a CAGR of 6.4 % during the forecast period (2023-2029).

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Industrial Enzymes Market Dynamics

Increased product demand from end-use industries like biofuel, domestic cleaning, animal feed, and food and beverage is propelling the growth of the industrial enzymes market. The market is expected to be driven by the rising need for carbohydrases and proteases in food and beverage applications, especially in Asia Pacific's emerging nations like China, India, and Japan. Furthermore, increased manufacturing and developments in the nutraceutical sector may be responsible for the prosperity of industrialized economies. Such elements have significantly accelerated market expansion.

In the food business, industrial enzymes are highly sought after for uses in food processing, grain extraction, cheese, dairy, food preservation, and other areas. Enzymes called amylases catalyze the conversion of starch to sugar. Additionally, hydrolytic enzymes like proteases are used in dairy, but the processing of oils and fats, baking, brewing, and other sectors are using more and more lipase, cellulases, and other enzymes. Consequently, the Industrial Enzymes Market is being driven by the growth of the food and beverage industry. The India Brand Equity Foundation (IBEF) projects that by 2025–2029, the country's food manufacturing industry will be valued USD 535 billion. In addition, industrial enzymes are becoming more and more necessary for food applications like bread, dairy processing, and meat products.

Industrial Enzymes Market Report Scope and Research Methodology

The Competitive landscape section illustrates the growth strategies embraced by suppliers in the Industrial Enzymes industry. The coverage in this segment offers valuable perspectives at various tiers, enabling stakeholders to stay current with industry trends and engage in the economic dynamics. Within the Industrial Enzymes market report's competitive scenario, companies' activities are categorized into Merger & Acquisition, Agreement, Collaboration & Partnership, Product Launch & Enhancement, Investment & Funding, as well as Award, Recognition & Expansion.

The accumulated news within the Industrial Enzymes report equips suppliers with insights into market gaps and competitors' strengths and weaknesses, thereby offering valuable information to enhance products and services. It presents a clear picture of the supplier's revenue contribution to the overall Industrial Enzymes market relative to other players in the field. Furthermore, it sheds light on the performance of players concerning revenue generation and customer base in comparison to their counterparts.

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Industrial Enzymes Market Regional Insights

North America: U.S., Canada

Europe: U.K., Germany, Rest of Europe

Asia-Pacific: China, Japan, Rest of Asia Pacific

Latin America: Brazil, Mexico, Rest of Latin America

Middle East and Africa: GCC, Rest of MEA

Market size and forecast for these regional and country-level markets are presented in this Industrial Enzymes market report for the period 2020-2029.

Industrial Enzymes Market Segmentation:

by Types

• Carbohydrases
• Amylases
• Cellulases
• Proteases
• Lipases

In terms of product type, the market was dominated by the carbohydrases segment, which in 2022 accounted for over 47.0% of global revenue. Animal feed, food and drink, pharmaceuticals, and other industries all use carbohydrase enzymes. The main application of carbohydrases is as a catalyst to change carbohydrates into sugar syrup, such as glucose and fructose, which is then utilized in the food and beverage, pharmaceutical, and food industries.

Increased protein consumption as a result of consumers' growing awareness of their declining nutritional status is expected to drive demand for proteases in the food industry over the course of the forecast period. In addition, sector growth is anticipated throughout the projected period due to the expansion of the chemical, detergent, and pharmaceutical end-use industries in developing nations like China, India, and Brazil.

by Application

• Food & Beverages
• Cleaning agents
• Animal feed
• Detergents
• Waste water treatment
• others

by Source

• Microorganisms
• Plants
• Yeast
• Animals
• Fungal

According to Source, the microorganisms category accounted for more than 60% of total sales in 2022. There are three categories of microorganism-derived enzymes: yeast, fungus, and bacteria. Enzymes used in industry that are obtained from mushrooms include hydrolases, esterases, and phenol oxidases. The most popular source of bacterial enzymes is Bacillus. The food and beverage, pharmaceutical, and detergent industries use the majority of industrial enzymes. Products made from fungi are becoming more and more common since they can be found in a wide range of end industries. Since they are crucial to the production and preparation of many different food items, including beer, soy sauce, dairy products, processed fruits, and baked goods, fungus enzymes have a wide range of uses.

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Industrial Enzymes Market Key Players:

• Chr. Hansen,
• Novozymes A/S,
• Codexis Inc.,
• Novus International Inc.,
• Associated British Foods (ABF) plc.
• AB Enzymes GmbH,
• E.I.du Pont de Nemours and Company,
• Advanced Enzyme Technologies Ltd.,
• Koninklijke DSM N.V.
• Amano Enzyme Inc.,
• BASF SE,
• DSM,
• DowDuPontInc,
• Roche
• Amano Enzymes Inc.
• Adisseo
• Codexis, Inc.
• F. Hoffmann-La Roche Ltd.
• Thermo Fisher Scientific Inc. (Affymetrix, Inc.)
• Amicogen Inc.
• AUM Enzymes
• Biocatalysts Ltd.
• Inofea AG
• Direvo industrial Biotechnology GMBH
• Dyadic International
• Enginzyme AB
• Enzymicals AG
• Genofocus, Inc.
• Maps Enzymes ltd.
• Speciality Enzymes and Biotechnologies company

Key Questions answered in the Industrial Enzymes Market Report are:

What is Industrial Enzymes?
What is the CAGR of the Industrial Enzymes market during the forecast period?
What is the expected Industrial Enzymes market size by 2030?
Which segment held the largest Industrial Enzymes market share in 2023?
What is the competitive scenario of the Industrial Enzymes market?
What are the main factors driving the growth of the Industrial Enzymes market?
Which region has the maximum Industrial Enzymes market share?
Who are the major players in the Industrial Enzymes market?

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Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2023)
Past Pricing and price curve by region (2018 to 2023)
Market Size, Share, Size & Forecast by different segment | 2024−2030
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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