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Industrial Enzymes Market Size Anticipated To Reach US$ 11.02 Bn By 2030

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According to the Precedence Research, The industrial enzymes market size garnered US$ 5.9 billion in 2020 and is expected to generate US$ 11.02 billion by 2030, manifesting a CAGR of 6.5% from 2021 to 2030.  The report contains 150+ pages with detailed analysis.

Industrial Enzymes Market Size 2020 to 2030

The base year for the study has been considered 2021, the historic year 2019 and 2020, the forecast period considered is from 2021 to 2030. The industrial enzymes market is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit).

Cheese, whiskey, bread, and fruit drinks all require industrial enzymes in their production. These are sophisticated proteins that aid biological reactions in their speeding up. The food and beverage industries, as well as the cleaning agents industry, rely heavily on enzymes. Plant tissue, animal tissue, and microbes are all sources of these compounds. Fermentation is the most common method for producing industrial enzymes. Enzymes help a variety of businesses maintain product quality and consistency while increasing manufacturing efficiency. They also assist in the provision of environmentally friendly products to consumers by using less energy, water, and raw materials, as well as producing less waste.

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Key Companies & Market Share Insights

The market is moderately fragmented with the presence of several local companies. These market players are striving to gain higher market share by adopting strategies, such as investments, partnerships, and acquisitions & mergers, novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. Companies are also spending on the development of improved products. Moreover, they are also focusing on maintaining competitive pricing. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.

Some of the major players in the global industrial enzymes market include:

BASF SE; Novozymes; DuPont Danisco; DSM; Novus International; Associated British Foods plc; Chr. Hansen Holding A/S; Advanced Enzyme Technologies; Lesaffre; Adisseo; Enzyme Development Corporation.

Crucial factors accountable for market growth are:

  • Increasing demand from animal feed and nutraceutical industries.
  • Consumers desire for functional and high-quality food products.
  • Rise in industrialization and surge in consumer awareness about the healthy diet.

Market Scope

This market report studies market dynamics, status and outlook especially in North America, Europe and Asia-Pacific, Latin America, the Middle East and Africa. This research report offers scenario and forecast (revenue/volume), and categorizes the market by key players and various segment. This report also studies global market prominence, competitive landscape, market share, growth rates market dynamics such as drivers, restraints and opportunities, and distributors and sales channels.

This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

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Market Dynamics

Driver

The high adoption of enzymes in the food industry for making various dairy products, the rising demand for digestive and nutritional enzymes, the increase in usage due to numerous environmentally friendly industrial activities, the increase in product usage in detergent manufacturing.

Restraint

In the projected period, the industrial enzymes market will be hampered by the rigorous regulatory framework and limitations identified in the use of enzymes, such as poor thermal stability and limiting substrate scope.

Opportunity

The rising need for an alternative to synthetic chemicals, combined with technological advancements and a broad industry scope, are providing several new chances for the industrial enzymes market to develop during the forecast period.

Challenges

The use of enzymes has some drawbacks, such as low thermal stability and a small substrate range and this is expected to be a major challenge that is encountered by the Industrial Enzymes Market.

Report Highlights

  • The Carbohydrates product segment is expected to lead the market contributing more than 47.5% of the revenue share in the upcoming years.
  • The Microorganisms source segment leads the market with a market share of more than 80.5% in 2020 and is estimated to grow significantly in the forecast period.
  • The Food & Beverages Application segment of the Industrial Enzymes Market leads the market with a market share of more than 22% in 2020 and is estimated to grow significantly in the forecast period.
  • By Geography, North America holds a significant share accounting for more than 35% revenue share in 2020 in the Industrial Enzymes Market because of the presence major market players in the region.

Recent Developments

  • In January 2021, Advanced Enzyme Technologies acquired a 51 percent controlling stake in SciTech Specialties Private Limited (SSPL) by subscribing to the issue of 492,630 SSPL equity shares and purchasing 27,778 SSPL equity shares from a few selling shareholders, for a total of 520,408 SSPL equity shares, or 51 percent of the company’s paid-up share capital. As a result of the acquisition, Advanced Enzyme will be able to benefit from synergies with SSPL and expand its business-to-consumer categories. On 1st February 2021, Novozymes, a global pioneer in biological solutions, is expanding beyond its current foundation of microbial goods and innovation to enter the agricultural biocontrol area with promising enzyme-based technology. The new technology has the potential to control major pests that have a negative influence on agriculture and result in billions of dollars in annual losses.
  • On 15th July 2021, Axtra PHY GOLD, the industry-leading new phytase enzyme, has been extended in Malaysia, Thailand, and Australia, according to Danisco Animal Nutrition, a branch of IFF’s Health & Biosciences division. Axtra PHY GOLD was first marketed in India in 2020, and it will be available in all Asia Pacific markets after regulatory approval is received. Axtra PHY GOLD is the most bio effective phytase on the market today., allowing farmers to boost sustainability while reducing feed costs.

Regional Snapshots

North America dominated the Industrial Enzymes Market in 2020 contributing a market share of more than 35% and is estimated to grow significantly over the forecast period owing to the major market players in the region and the continuous research and developmental activities carried by these market players in order to find innovative applications of the industrial enzymes. For instance, On 6th October 2021, CHOOZIT FIT, a culture series for pasta filata cheese makers in Brazil, has been announced by IFF. Unlike other products on the market, CHOOZIT FIT is a phage-resistant culture series that enables medium-sized cheese manufacturers to produce high-quality, stretchy mozzarella that is exceptionally durable and consistent.

Market Segments Covered

By Product

  • Carbohydrases
    • Amylases
    • Cellulase
    • Others
  • Proteases
  • Lipases
  • Polymerases & Nucleases
  • Others

By Source

  • Plants
  • Animals
  • Microorganisms

By Application

  • Food & Beverages
  • Detergents
  • Animal Feed
  • Biofuels
  • Textiles
  • Pulp & Paper
  • Nutraceutical
  • Personal Care & Cosmetics
  • Wastewater
  • Others

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • U.K.
    • Germany
    • France
    • Russia
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Research Objective

  • To provide a comprehensive analysis of the industrial enzymes industry and its sub-segments in the global market, thereby providing a detailed structure of the industry
  • To provide detailed insights into factors driving and restraining the growth of this global market
  • To provide a distribution chain analysis/value chain for the this market
  • To estimate the market size of the global industrial enzymes market where 2019 would be the historical period, 2020 shall be the base year, and 2020 to 2027 will be the forecast period for the study
  • To provide strategic profiling of key companies (manufacturers and distributors) present across the globe, and comprehensively analyze their competitiveness/competitive landscape in this market
  • To analyze the global market in four main geographies, namely, North America, Europe, Asia-Pacific, and the Rest of the World
  • To provide country-wise market value analysis for various segments of the industrial enzymes

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Industrial Enzymes Market 

5.1. COVID-19 Landscape: Flow Computers Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Industrial Enzymes Market, By Product

8.1. Industrial Enzymes Market, by Product Type, 2021-2030

8.1.1. Carbohydrases

8.1.1.1. Market Revenue and Forecast (2019-2030)

8.1.2. Proteases

8.1.2.1. Market Revenue and Forecast (2019-2030)

8.1.3. Lipases

8.1.3.1. Market Revenue and Forecast (2019-2030)

8.1.4. Polymerases & Nucleases

8.1.4.1. Market Revenue and Forecast (2019-2030)

8.1.5. Others

8.1.5.1. Market Revenue and Forecast (2019-2030)

Chapter 9. Global Industrial Enzymes Market, By Application

9.1. Industrial Enzymes Market, by Application, 2021-2030

9.1.1. Food & Beverages

9.1.1.1. Market Revenue and Forecast (2019-2030)

9.1.2. Detergents

9.1.2.1. Market Revenue and Forecast (2019-2030)

9.1.3. Animal Feed

9.1.3.1. Market Revenue and Forecast (2019-2030)

9.1.4. Biofuels

9.1.4.1. Market Revenue and Forecast (2019-2030)

9.1.5. Textiles

9.1.5.1. Market Revenue and Forecast (2019-2030)

9.1.6. Pulp & Paper

9.1.6.1. Market Revenue and Forecast (2019-2030)

9.1.7. Nutraceutical

9.1.7.1. Market Revenue and Forecast (2019-2030)

9.1.8. Personal Care & Cosmetics

9.1.8.1. Market Revenue and Forecast (2019-2030)

9.1.9. Wastewater

9.1.9.1. Market Revenue and Forecast (2019-2030)

9.1.10. Others

9.1.10.1. Market Revenue and Forecast (2019-2030)

Chapter 10. Global Industrial Enzymes Market, By Source 

10.1. Industrial Enzymes Market, by Source, 2021-2030

10.1.1. Plants

10.1.1.1. Market Revenue and Forecast (2019-2030)

10.1.2. Animals

10.1.2.1. Market Revenue and Forecast (2019-2030)

10.1.3. Microorganisms

10.1.3.1. Market Revenue and Forecast (2019-2030)

Chapter 11. Global Industrial Enzymes Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Product (2019-2030)

11.1.2. Market Revenue and Forecast, by Application (2019-2030)

11.1.3. Market Revenue and Forecast, by Source (2019-2030)

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Product (2019-2030)

11.1.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.1.4.3. Market Revenue and Forecast, by Source (2019-2030)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Product (2019-2030)

11.1.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.1.5.3. Market Revenue and Forecast, by Source (2019-2030)

11.2. Europe

11.2.1. Market Revenue and Forecast, by Product (2019-2030)

11.2.2. Market Revenue and Forecast, by Application (2019-2030)

11.2.3. Market Revenue and Forecast, by Source (2019-2030)

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Product (2019-2030)

11.2.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.2.4.3. Market Revenue and Forecast, by Source (2019-2030)

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Product (2019-2030)

11.2.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.2.5.3. Market Revenue and Forecast, by Source (2019-2030)

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Product (2019-2030)

11.2.6.2. Market Revenue and Forecast, by Application (2019-2030)

11.2.6.3. Market Revenue and Forecast, by Source (2019-2030)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Product (2019-2030)

11.2.7.2. Market Revenue and Forecast, by Application (2019-2030)

11.2.7.3. Market Revenue and Forecast, by Source (2019-2030)

11.3. APAC

11.3.1. Market Revenue and Forecast, by Product (2019-2030)

11.3.2. Market Revenue and Forecast, by Application (2019-2030)

11.3.3. Market Revenue and Forecast, by Source (2019-2030)

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Product (2019-2030)

11.3.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.3.4.3. Market Revenue and Forecast, by Source (2019-2030)

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Product (2019-2030)

11.3.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.3.5.3. Market Revenue and Forecast, by Source (2019-2030)

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Product (2019-2030)

11.3.6.2. Market Revenue and Forecast, by Application (2019-2030)

11.3.6.3. Market Revenue and Forecast, by Source (2019-2030)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Product (2019-2030)

11.3.7.2. Market Revenue and Forecast, by Application (2019-2030)

11.3.7.3. Market Revenue and Forecast, by Source (2019-2030)

11.4. MEA

11.4.1. Market Revenue and Forecast, by Product (2019-2030)

11.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.4.3. Market Revenue and Forecast, by Source (2019-2030)

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Product (2019-2030)

11.4.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.4.4.3. Market Revenue and Forecast, by Source (2019-2030)

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Product (2019-2030)

11.4.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.4.5.3. Market Revenue and Forecast, by Source (2019-2030)

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Product (2019-2030)

11.4.6.2. Market Revenue and Forecast, by Application (2019-2030)

11.4.6.3. Market Revenue and Forecast, by Source (2019-2030)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Product (2019-2030)

11.4.7.2. Market Revenue and Forecast, by Application (2019-2030)

11.4.7.3. Market Revenue and Forecast, by Source (2019-2030)

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Product (2019-2030)

11.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.5.3. Market Revenue and Forecast, by Source (2019-2030)

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Product (2019-2030)

11.5.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.5.4.3. Market Revenue and Forecast, by Source (2019-2030)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Product (2019-2030)

11.5.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.5.5.3. Market Revenue and Forecast, by Source (2019-2030)

Chapter 12. Company Profiles

12.1. BASF SE

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Novozymes

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. DuPont Danisco

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. DSM

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Novus International

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Associated British Foods plc

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Chr. Hansen Holding A/S

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Advanced Enzyme Technologies

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Lesaffre

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Adisseo

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

12.11. Enzyme Development Corporation

12.11.1. Company Overview

12.11.2. Product Offerings

12.11.3. Financial Performance

12.11.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

Why Buy this Report?

The purpose of Precedence Research’s industrial enzymes market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.

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