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

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Published: | Report ID: 11190 | Report Format : PDF

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Enzymes are protein molecules that are produced by all living creatures and act as catalysts, 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, are termed “industrial enzymes.”

Potential global industrial enzymes market drivers include increasing demand for food and beverages, lifestyle changes, and an increase in disposable income. Government plans to encourage the production of biofuel to replace fossil fuel, and conventional energy sources are expected 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. The increase in investments in the food and beverage and pharmaceutical industries is propelling the global industrial enzymes market. Industrial enzymes also play a very crucial role in determining attributes such as taste, appearance, and texture in food and beverage applications. Apart from this, recent advancements in enzyme technology coupled with innovation in genetically modified enzymes have lured industrial enzyme manufacturers to optimize yield efficiently. Psychrozymes, which is a next-generation industrial enzyme, is expanding the application segments of industrial enzymes in food and beverage, personal and household care, animal feeds, bio-energy, and others.

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

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

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Global Industrial Enzymes is segmented as below:

By Type

  • Carbohydrases
  • Proteases
  • Polymerases and nucleases
  • Lipase
  • Phytase
  • Others

By Application

  • Foods and Beverages
  • Personal and household care
  • Animal feeds
  • Bio-energy
  • Others

By Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • U.K.
    • Russia
    • Rest of Europe

Frequently Asked Questions:

What is the size of Industrial Enzymes Market?

The market for Industrial Enzymes Market is expected to reach Us$ XX Bn By 2026.

What is the Industrial Enzymes Market CAGR?

The Industrial Enzymes Market is expected to see significant CAGR growth over the coming years, at XX%.

What is the Forecast period considered for Industrial Enzymes Market?

The report is forecasted from 2018-2026.

What is the base year considered for Industrial Enzymes Market?

The base year of this report is 2017.

The base year of this report is 2017.

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, and Chr. Hansen, are some of the major players in the global market.

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