by 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.
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.
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