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Global Industrial Enzymes Market
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Global Industrial Enzymes Market

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Industrial Enzymes Market- Global Industry Size, Share, Trend Analysis and Forecast Report, 2018-2028, Segmented By Type (Carbohydrase, Protease, Lipase, Polymerase, and Nuclease), By End User (Food and Beverages, Biofuel, Animal Feed, detergents, Textiles, Pharmaceuticals & Biotechnology, Healthcare, and Others) By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)

  • Published Date: June 2022
  • Report ID: BWC21108
  • Available Format: PDF
  • Page: 186

Report Overview

Global Industrial Enzymes Market is flourishing at a high CAGR owing to the wide applications of enzymes in food and animal feed, textiles, production of biofuel, detergents, as well as improved bleaching properties in paper and pulp industries...

Global Industrial Enzymes Market- Industry Trends & Forecast Report 2028

The Global Industrial Enzymes Market was worth USD 7.6 billion in 2022 and is further projected to reach USD 10.5 billion by the year 2028, growing at a CAGR of 6.8% during the forecast period (2023-2028). The market is flourishing at a high rate owing to the rising application of enzymes in the manufacturing processes which reduces the significant cost and limited energy consumption. Moreover, the ability of an enzyme to convert complex molecules to simpler molecules such as starch to glucose, also removes fats and oil stains in the detergent industry. Furthermore, the rising health awareness among consumers leads to drive the consumption of functional food products which in turn reinforces the growth of the Industrial enzymes market globally.

Industrial Enzymes- Overview

Industrial Enzymes are the naturally occurring substances generally derived from plants, animals, and microorganisms. Enzymes are sustainable over harsh chemicals because enzymes can work under moderate conditions like neutral pH and warm temperatures thereby reducing the energy consumption in chemically catalyzed reactions. Enzymes are used in industries to control process time, lower the activation energy of a reaction, increase shelf-life, enrich the flavor, increase the reaction rate, and decline the use of food additives. The three important Industrial Enzymes are carbohydrase, protease, and lipase. 

Growth Drivers

Growing Environmental Concerns and Rising Demand for Bio-fuel

With the rising environmental concern around the globe due to the harmful chemical usage in industries, enzymes are considered a sustainable alternative resulting in driving the growth of the Global Industrial Enzymes Market. The increasing shift towards renewable sources of energy and bio-fuel which is  environment-friendly is also fueling the market growth. Enzymes like carbohydrate, lipase, and phospholipase play a crucial role in the production of bio-fuel by enzymatic hydrolysis. Bio-ethanol, bio-diesel is used as a transport fuel to replace gasoline, it reduces combustion emission, and creates by-products that are also useful, all these factors increase the demand for Global Industrial Enzymes Market across the globe during the forecast period.

Rising Health Awareness

The increasing health awareness among people about declining nutrition levels is surging global protein consumption thereby increasing the demand for Industrial Enzymes like proteases, and carbohydrase in the food and beverages industry. Proteases have a significant role in the life cycle and are imperative in drug discovery. Serine, threonine, cysteine, aspartate, and glutamic acid are some common types of proteases. The enzyme can speed-up reaction rate in human bodies, helps in digestion, respiration, liver function, assists brain function, and helps to fight bacteria and diseases. In addition, the human body cannot survive without enzymes. Carbohydrase, protease, Polymerase, and Nuclease are used in various industries including pharmaceuticals, food and beverages, animal feed, and biotechnological processes thereby driving the growth of the Global Industrial Enzyme market during the forecast period.

Restraints

Sensitivity and Safety Issues Associated with Industrial Enzymes

Some factors like safety issues, handling associated with enzymes, and greater sensitivity to temperature and pH are the major restraining factors for the growth of the market. Enzymes can be contaminated by a small increase in temperature due to their highly-temperature sensitive nature which affects negatively the chemical reaction of enzymes in food and beverages. Moreover, all these factors lead to more safety concerns and increase the cost of enzymes as a raw material which in turn restrain the growth of the Global Industrial Enzymes Market.

Impact of COVID-19 on Industrial Enzymes Market

The COVID-19 Pandemic negatively affected the growth of the Global Industrial Enzymes Market owing to the complete lockdown that forced the temporary closure of manufacturing processes, disruption in supply chains, and shortage of raw materials Also, government announced a temporary ban on foreign air travel, resulting in decline of the growth of the market. However, post COVID-19 pandemic, the demand for healthy and nutritious food increased due to the rising health awareness, resulting in surge of demand for fortified foods and beverages infused with nutritional enzymes and other energy sources and hence, proliferating the Global Industrial Enzyme Market during the forecast period (2023-2028).

Global Industrial Enzymes Market - By Type

Based on Type, the Global Industrial Enzyme market is segmented into Carbohydrase, Protease, Lipase, Polymerase, and Nuclease. The Carbohydrase segment accounts for the largest market share owing to its wide usage as a catalyst for the conversion of carbohydrates into sugar syrup used in pharmaceuticals and food industries thereby accelerating the growth of the market.

Global Industrial Enzymes Market – By End-User

Based on End-User, the Global Industrial Enzymes market is segmented into Food and Beverages, Biofuel, Feed, detergents, Textiles, Pharmaceuticals & Biotechnology, Healthcare, and Others. The Food and Beverages segment dominates the market owing to the increasing demand for processed food, healthier fortified baked products in several countries, and the crucial importance of industrial enzymes in manufacturing nutritious food and beverage products drive the growth of the Global Industrial Enzyme Market during the forecast period.

Plant-Based Protein Market - Regional Insights

Geographically, the Global Industrial Enzymes market is segmented into North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA). The North American segment accounts to hold the largest share in the market owing to technological advancements, expanding industrialization in this region, rising adoption of alcoholic beverages, rising awareness of green technology, and increasing availability of raw materials.

Competitive Landscape

The leading market players in the Global Industrial Enzymes market are NOVOZYMES (US), ADVANCED ENZYME TECHNOLOGIES LTD., Associated British Food plc (UK), BASF SE, DU PONT (US), Chr. Hansen Holdings A/S (Denmark), Kerry Group (Ireland), Novus International, Amano Enzyme Inc., AB Enzymes GmbH, Lesaffre, Enzyme Development Corporation, Biocatalyst (UK), and other prominent players.

The Global Industrial Enzymes market is highly consolidated with the presence of multinational Food and beverages companies. These companies constantly launch a wide range of products with innovations to attract consumers and significantly invest in research as well as development activities to further innovate their offerings. Furthermore, the adoption of competitive strategies such as partnerships, mergers, acquisitions, collaborations, etc., is also prominent in this market.

Recent Developments

  • In May 2021, Advanced Enzyme Technologies Ltd has announced that the Board of Directors (BOD) has sanctioned the acquisition of an additional stake of 15% of the equity share capital of JC Biotech Private Limited (70% subsidiary of the company).

 

Scope of the Report

Attributes Details
Years Considered Historical data – 2018-2021
Base Year – 2022
Forecast – 2023 – 2028
Facts Covered Revenue in USD Billion
Market Coverage North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA
Product Service/Segmentation By Type, By End User, By Region
Key Players NOVOZYMES (US), ADVANCED ENZYME TECHNOLOGIES LTD., Associated British Food plc (UK), BASF SE, DU PONT (US), Chr. Hansen Holdings A/S (Denmark), Kerry Group (Ireland), Novus International, Amano Enzyme Inc., AB Enzymes GmbH, Lesaffre, Enzyme Development Corporation, Biocatalyst (UK), and other prominent players.

 

By Type

  • Carbohydrase
  •  Protease
  •  Lipase
  • Polymerase
  • Nuclease

By End-User

  • Food and Beverages
  • Biofuel
  • Animal Feed
  • Detergents
  • Textiles
  • Pharmaceuticals & Biotechnology
  • Healthcare
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Latin America (LATAM)
  • Middle-East & Africa (MEA)
  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumption & Limitation
  3. Executive Summary
  4. Global Industrial Enzymes Market Insights
    1. Industry Value Chain Analysis
    2. GROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
    3. Technological Landscape/Recent Development
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  5. Global Industrial Enzymes Market Overview
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1.            ByType
        1. Carbohydrase
        2. Protease
        3. Lipase
        4. Polymerase
        5. Nuclease
      2. By Distribution Channel
        1. Online retail
        2. Convenience Stores
        3. Supermarkets/Hypermarkets
        4. others
      3. By End-User
        1. Food and Beverages
        2. Biofuel
        3. Animal Feed
        4. Detergents
        5. Textiles
        6. Pharmaceuticals & Biotechnology
        7. Healthcare
        8. Others

 

      1. By Region
        1. North America
        2. Europe
        3. Asia-Pacific
        4. Latin America
        5. Middle-East and Africa
  2. North America Industrial Enzymes Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By End-User
      3.  By Region
        1. United States
        2. Canada
  3. Europe Industrial Enzymes Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By End-User
      3. By Region
        1. Germany
        2. United Kingdom
        3. Italy
        4. France
        5. Spain
        6. Rest of Europe
  4. Asia Pacific Industrial Enzymes Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By End-User
      3. By Region
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Rest of Asia Pacific
  5. Latin America Industrial Enzymes Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By End-User
      3. By Region
        1. Brazil
        2. Mexico
        3. Rest of Latin America
  6. Middle East & Africa Industrial Enzymes Market
    1.  Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Billion)
    2.  Market Share & Forecast
      1. By Type
      2. By End-User
      3. By Region
        1. Saudi Arabia
        2. UAE
        3. South Africa
        4. Rest of the Middle East & Africa
  7. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis, 2021
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Development (Merger, Acquisition, Partnership.)
  8. Impact of COVID-19 on Industrial Enzymes Industry
  9. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
    1. NOVOZYMES (US)
    2. ADVANCED ENZYME TECHNOLOGIES LTD.
    3. Associated British Food plc (UK)
    4. BASF SE, DU PONT (US)
    5. Chr. Hansen Holdings A/S (Denmark)
    6. Kerry Group (Ireland)
    7. Novus International
    8. Amano Enzyme Inc.
    9. AB Enzymes GmbH
    10. Lesaffre
    11. Enzyme Development Corporation
    12. Biocatalyst (UK)
    13. Other prominent players.
  10. Key Strategic Recommendations

 

List of Figures

 

Figure 1        Global Industrial Enzymes Market Segmentation

Figure 2        Global Industrial Enzymes Market Value Chain Analysis

Figure 3        Company Market Share Analysis, 2022

Figure 4        Global Industrial Enzymes Market Size, By Value (USD Billion), 2018-2028

Figure 5        Global Industrial Enzymes Market Share, By Product, By Value, 2018-2028

Figure 6        Global Industrial Enzymes Market Share, By Region, By Value, 2018-2028

Figure 7        Global Industrial Enzymes Market Share, By End-User, By Value, 2018-2028

Figure 8        Global Industrial Enzymes Market Share, By Region, By Value, 2018-2028

Figure 9        North America Industrial Enzymes Market Size, By Value (USD Billion), 2018-2028

Figure 10       North America Industrial Enzymes Market Share, By Product, By Value, 2018-2028

Figure 11       North America Industrial Enzymes Market Share, By Value, 2018-2028

Figure 12       North America Industrial Enzymes Market Share, By End-User, By Value,

 2018-2028

Figure 13       North America Industrial Enzymes Market Share, By Country, By Value, 2018-2028

Figure 14       Europe Industrial EnzymesSize, By Value (USD Billion), 2018-2028

Figure 15       Europe Industrial Enzymes Share, By Type, By Value, 2018-2028

Figure 16       Europe Industrial Enzymes Market Share, By Value, 2018-2028

Figure 17       Europe Industrial Enzymes Market Share, By End-User, By Value, 2018-2028

Figure 18       Europe Industrial Enzymes Market Share, By Country, By Value, 2018-2028

Figure 19       The Asia-Pacific Industrial Enzymes Market Size, By Value (USD Billion), 2018-2028

Figure 20       The Asia-Pacific Industrial Enzymes Protein Market Share, By Product, By Value, 2018-2028

Figure 21       The Asia-Pacific Industrial Enzymes Market Share, By Value, 2018-2028

Figure 22       The Asia-Pacific Industrial Enzymes Market Share, By End-User, By Value, 2018-2028

Figure 23       The Asia-Pacific Industrial Enzymes Market Share, By Country, By Value,

2018-2028

Figure 24       Latin America Industrial Enzymes Market Size, By Value (USD Billion), 2018-2028

Figure 25       Latin America Industrial Enzymes Market Share, By Type, By Value, 2018-2028

Figure 26       Latin America Industrial Enzymes Market Share, By Value, 2018-2028

Figure 27       Latin America Industrial Enzymes Market Share, By End-user, By Value, 2018-2028

Figure 28       Latin America Industrial Enzymes Market Share, By Country, By Value, 2018-2028

Figure 29       The Middle East & Africa Industrial Enzymes Market Size, By Value (USD Million), 2018-2028

Figure 30       The Middle East & Africa Industrial Enzymes Market Share, By Product, By Value, 2018-2028

Figure 31       The Middle East & Africa Industrial Enzymes Market Share, By Type, By Value, 2018-2028

Figure 32       The Middle East & Africa Industrial Enzymes Market Share, By Region, By Value, 2018-2028

Figure 33       The Middle East & Africa Industrial Enzymes Market Share, By Country, By Value, 2018-2028

 

List of Tables

 

Table 1         Global Industrial Enzymes Market Size, By Type, By Value, 2018-2028

Table 2         Global Industrial Enzymes Market Size, By Value, 2018-2028

Table 3         Global Industrial Enzymes Market Size, By End-User, By Region, 2018-2028

Table 4         Global Industrial Enzymes Market Size, By Region, By Value, 2018-2028

Table 5         North America Industrial Enzymes Market Size, By Product, By Value, 2018-2028

Table 6         North America Industrial Enzymes Market Size, By Value, 2018-2028

Table 7         North America Industrial Enzymes Market Size, By End-User, By Value, 2018-2028

Table 8         North America Industrial Enzymes Market Size, By Country, By Value, 2018-2028

Table 9         Europe Industrial Enzymes Market Size, By Product, By Value, 2018-2028

Table 10        Europe Industrial Enzymes Market Size, By Distribution Channel, By Value, 2018-2028

Table 11        Europe Industrial Enzymes Market Size, By Value, 2018-2028

Table 12        Europe Industrial Enzymes Market Size, By Country, By Value, 2018-2028

Table 13        The Asia-Pacific Industrial Enzymes Market Size, By Value, 2018-2028

Table 14        The Asia-Pacific Industrial Enzymes Market Size, By Type, 2018-2028

Table 15        The Asia-Pacific Industrial Enzymes Market Size, By End-User, By Value, 2018-2028

Table 16        The Asia-Pacific Industrial Enzymes Market Size, By Country, By Value, 2018-2028

Table 17        Latin America Industrial Enzymes Market Size, By Product, By Value, 2018-2028

Table 18        Latin America Industrial Enzymes Market Size, By Value, 2018-2028

Table 19        Latin America Industrial Enzymes Market Size, By End-User, By Value, 2018-2028

Table 20        Latin America Industrial Enzymes Market Size, By Country, By Value, 2018-2028

Table 21        The Middle East & Africa Industrial Enzymes Market Size, By Category, By Value, 2018-2028

Table 22        The Middle East & Africa Industrial Enzymes Market Size, By Value, 2018-2028

Table 23        The Middle East & Africa Industrial Enzymes Market Size, By End-User, By Value, 2018-2028

Table 24        The Middle East & Africa Industrial Enzymes Market Size, By Country, By Value, 2018-2028

Table 25        NOVOZYMES (US)Company Overview

Table 26        NOVOZYMES (US)Financial Overview

Table 27        ADVANCED ENZYME TECHNOLOGIES LTD.Company Overview

Table 28        ADVANCED ENZYME TECHNOLOGIES LTD.Financial Overview

Table 29        Associated British Food plc (UK)Company Overview

Table 30        Associated British Food plc (UK)Financial Overview

Table 31        BASF SE Company Overview

Table 32        BASF SE Financial Overview

Table 33        DU PONT (US) Company Overview

Table 34        DU PONT (US) Financial Overview

Table 35        Chr. Hansen Holdings A/S (Denmark) Company Overview

Table 36        Chr. Hansen Holdings A/S (Denmark) Financial Overview

Table 37        Kerry Group (Ireland) Company Overview

Table 38        Kerry Group (Ireland) Financial Overview

Table 39        Novus International Company Overview

Table 40        Novus International Financial Overview

Table 41        Amano Enzyme Inc. Company Overview

Table 42        Amano Enzyme Inc. Financial Overview

Table 43        AB Enzymes GmbH Company Overview

Table 44        AB Enzymes GmbH Financial Overview

Table 45        LesaffreCompany Overview

Table 46        LesaffreFinancial Overview

Table 47        Enzyme Development Corporation Company Overview

Table 48        Enzyme Development Corporation Financial Overview

Table 49        Biocatalyst (UK)Company Overview

Table 50        Biocatalyst (UK)Financial Overview

Table 51        Other prominent players Company Overview

Table 52        Other prominent players Financial Overview

 

Market Segmentation

By Type

  • Carbohydrase
  •  Protease
  •  Lipase
  • Polymerase
  • Nuclease

By End-User

  • Food and Beverages
  • Biofuel
  • Animal Feed
  • Detergents
  • Textiles
  • Pharmaceuticals & Biotechnology
  • Healthcare
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Latin America (LATAM)
  • Middle-East & Africa (MEA)
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Frequently Asked Questions (FAQs):

Ans: Global Industrial Enzymes market reached USD 7.6 billion in 2022.
Ans: The major factors driving the growth of the Global Industrial Enzymes market are the wide applications of enzymes in food and animal feed, textiles, production of biofuel, detergents, and improved bleaching properties in paper and pulp industries.
Ans: The key players in the Global Industrial Enzymes market are: NOVOZYMES (US), ADVANCED ENZYME TECHNOLOGIES LTD., Associated British Food plc (UK), BASF SE, DU PONT (US), Chr. Hansen Holdings A/S (Denmark), Kerry Group (Ireland), Novus International, Amano Enzyme Inc., AB Enzymes GmbH, Lesaffre, Enzyme Development Corporation, Biocatalyst (UK), and other prominent players.
Ans: The Food and Beverages segment accounted for the largest share of the Global Industrial Enzymes market.
Ans: North America has the largest share in the Global Industrial Enzymes market.