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Global Industrial Enzymes Market: Growth, Future Prospects & Competitive Analysis, 2018-2026

Overview:

Enzymes are protein molecules which are produced by all living creatures which acts as a catalyst increasing the pace of chemical reactions quickly and efficiently without changing their own chemical structure. These protein molecules when used for processing and manufacturing in industries, is termed as industrial enzymes.

Potential global industrial enzymes market drivers are increasing demand for food & beverages, lifestyle changes and increase in disposable income. Government plans aimed to encourage production of biofuel to substitute fossil fuel and conventional source of energy is anticipated to boost the global industrial enzymes market. In addition to this, rapid advancement in biotechnology especially in the study of protein engineering is another factor driving the growth of the market. Rise in investments in food & beverage industry and pharmaceutical industry is soaring the global industrial enzymes market. Industrial enzymes also play a very crucial role in determining attributes such as taste, appearance, texture in food & beverages applications. Apart from this, recent advancements in enzyme technology coupled with innovation in genetically modified enzymes have lured industrial enzymes manufacturers to optimize yield efficiently. Psychrozymes, which is a next generation industrial enzyme is expanding the application segments of industrial enzymes in food & beverage, personal and household care, animal feeds, bio-energy and others.   

By type, global industrial enzymes market is segmented into carbohydrases, proteases, polymerases & nucleases, lipases, phytases and others among which carbohydrases and proteases hold larger market share mainly driven by food & beverages and animal feed industry respectively. However, proteases which dominate the market segment is also used to manufacture detergent, used in biofuel industries, food processing industry for traditional applications like cheese, curd etc.  On basis of application, the market is segmented into food & beverages, personal & household care, animal feeds, bioenergy and others among which food & beverages in 2017 held the largest market share attributed to increase in disposable income and rising demand for food & beverages. In addition to this, carbohydrases is widely used in food processing and biofuel manufacturing thus fuelling the growth of industrial enzymes market. Apart from this, bio-energy sub-segment is also anticipated to grow at a rapid rate mainly due to its environment-friendliness coupled with government initiatives encouraging usage of renewable resources.

On the basis of geography, global industrial enzymes market is segmented into North America, Europe, Asia- Pacific, Latin America, and Middle East & Africa.  In 2017, North America was the market leader mainly attributed to increase in demand for food, rising population, increase in disposable income, increase in investments on food and beverage industry coupled with government regulations to increase usage of biofuel. Owing to rapid demand and increasing adoption of industrial enzymes in North America, manufacturers are focusing on expanding its operation which in turn is driving this market. For instance, in 2018, AB enzymes inaugurated warehousing and distribution centers in North America with an objective to cater to wide consumer base. However, Asia Pacific is expected to witness the fastest growth owing to rapidly increasing population, increase in per capita income, expenditure for health treatment and rapid advancement in technology mainly in China and India. Middle East and Africa are forecasted to be emerging markets during the forecast period.

Global Industrial Enzymes is segmented as below:

  • By Type
    • Carbohydrases
    • Proteases
    • Polymerases & Nucleases
    • Lipase
    • Phytase
    • Others
  • By Application
    • Foods & Beverages
    • Personal & household care
    • Animal feeds
    • Bio-energy
    • Others
  • By Geography
    • North America
      • US
      • Canada
    • Europe
      • U.K
      • France
      • Germany
      • Rest of Europe
    • Asia Pacific
      • Japan
      • China
      • India
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Middle-East & Africa (MEA)
      • GCC
      • Rest of MEA

Key players across the global industrial enzymes market value chain are:

BASF SE, E.I. DuPont de Nemours and Company, Associated British Foods Plc, Koninklijke DSM N.V, Novozymes A/S,  Codexis Inc., Amano Enzyme Inc., AB Enzymes, Dyadic International, Chr. Hansen among others.

This report offers:

  • Assessment of global industrial enzymes trends for the period 2016-2026
  • Historical (past) information for 2016 & 2017 and projections with CAGRs from 2018 to 2026 considering 2017 as base year for the market
  • Market drivers, restraints, future prospects and competitive analysis (market positioning) of key market players
  • Overview of the global industrial enzymes value chain
  • Company profiling with major information about the key players operating in global industrial enzymes market
  • Estimation of market size in terms of value and volume
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