Industrial Enzymes Market Size (2024 - 2029)

The industrial enzymes market is experiencing growth driven by the expanding range of applications across various sectors such as food and beverage, pharmaceuticals, and detergents, alongside increasing environmental regulations that favor enzyme use over chemicals. Despite challenges posed by the COVID-19 pandemic, which disrupted supply chains and production, the market is poised for expansion due to innovations and broader application scopes. However, growth is tempered by factors like enzyme stability under varying conditions, regulatory hurdles, and raw material competition. North America leads the market, while the Asia-Pacific region is expected to show significant growth.

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Market Size of Industrial Enzymes Industry

Industrial Enzymes Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 6.00 %
Fastest Growing Market Asia-Pacific
Largest Market North America
Market Concentration High

Major Players

Industrial Enzymes Market Major Players

*Disclaimer: Major Players sorted in no particular order

Industrial Enzymes Market Analysis

The industrial enzyme market is projected to register a CAGR of more than 6% during the forecast period.

The industrial enzymes market's growth is hampered by the COVID-19 pandemic, as lockdowns and the shutdown of raw material supply chains and enzyme production plants globally have impacted several end-user industries. The biofuel industry has been strongly impacted by the COVID19 pandemic. In 2022, global transport biofuel production has improved significantly, creating a positive impact on the industrial enzymes market.

  • Over the medium term, the major factors driving the growth of the industrial enzymes market are the growing diversity in enzyme applications such as food and beverage, pharmaceuticals, detergents, cosmetics, and other industries. Also, the growing demand for enzymes due to increasing environmental norms and regulations regarding the use of chemicals is likely to boost the market growth of industrial enzymes.
  • On the flip side, factors such as restricted temperature and pH level of enzymes, regulatory constraints for various markets and competition for raw materials are expected to hinder the market growth.
  • New product innovations and expansions of application bases are anticipated to provide numerous opportunities over the forecast period.
  • North America dominated the market and Asia-Pacific is likely to register the highest CAGR through the forecast period.

Industrial Enzymes Industry Segmentation

Enzymes are proteins that catalyze chemical reactions. As such, enzymes have been widely used to facilitate industrial processes and the production of products, and these enzymes are referred to as industrial enzymes. The industrial enzyme market is segmented by type, application, and region. By type, the market is segmented into carbohydrases, proteases, lipases, and other types. By application, the market is segmented into food processing, animal feed, healthcare, textiles, leather processing, detergents and cleaners, biofuel, and other applications. The market also offers the market size and forecasts for the industrial enzymes market in 18 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of value (USD million).

Type
Carbohydrases
Amylases
Cellulases
Proteases
Trypsins (API and Non-API)
Other Proteases
Lipases
Other Types
Application
Food Processing
Animal Feed
Healthcare
Textiles
Leather Processing
Detergents and Cleaners
Bio Fuel
Cosmetics
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Australia and New Zealand
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Russia
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
South Africa
United Arab Emirates
Rest of Middle-East and Africa
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Industrial Enzymes Market Size Summary

The industrial enzymes market is experiencing a robust growth trajectory, driven by the expanding applications of enzymes across various sectors such as food and beverage, pharmaceuticals, detergents, and cosmetics. The market's expansion is supported by the increasing demand for environmentally friendly alternatives to traditional chemicals, aligning with global environmental regulations. Despite challenges posed by the COVID-19 pandemic, which disrupted supply chains and production, the market has shown resilience, particularly with the recovery in the biofuel sector. Innovations in enzyme applications, especially in the food industry, are fueling demand as consumers seek higher quality and more nutritious food products. The food and beverage segment remains the dominant and fastest-growing application area, with enzymes playing a crucial role in enhancing food processing and product quality.

Regionally, North America holds a significant share of the global industrial enzymes market, with the United States leading due to its strong beverage and biofuel industries. The market in Mexico is also growing rapidly, driven by increased demand for processed foods and investments in the food processing sector. Canada is witnessing a shift in consumer preferences towards bakery goods, further boosting enzyme demand. The market is characterized by consolidation, with major players like Novozymes, DuPont, and BASF dominating the landscape. Strategic mergers and collaborations, such as Novozymes' merger with Chr. Hansen and its partnership with Novo Nordisk Pharmatech, are enhancing market positions and expanding capabilities in biopharmaceutical applications. These developments, along with ongoing technological advancements, are expected to sustain the market's growth momentum in the coming years.

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Industrial Enzymes Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Surge in Demand for Biofuels in the Americas

      2. 1.1.2 Growing Diversity in Enzyme Applications and Niche Products

      3. 1.1.3 Stringent Environmental Norms Curbing the Usage of Chemicals

    2. 1.2 Restraints

      1. 1.2.1 Restricted Temperature and pH Levels of Enzymes

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Type

      1. 2.1.1 Carbohydrases

        1. 2.1.1.1 Amylases

        2. 2.1.1.2 Cellulases

      2. 2.1.2 Proteases

        1. 2.1.2.1 Trypsins (API and Non-API)

        2. 2.1.2.2 Other Proteases

      3. 2.1.3 Lipases

      4. 2.1.4 Other Types

    2. 2.2 Application

      1. 2.2.1 Food Processing

      2. 2.2.2 Animal Feed

      3. 2.2.3 Healthcare

      4. 2.2.4 Textiles

      5. 2.2.5 Leather Processing

      6. 2.2.6 Detergents and Cleaners

      7. 2.2.7 Bio Fuel

      8. 2.2.8 Cosmetics

      9. 2.2.9 Other Applications

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Australia and New Zealand

        6. 2.3.1.6 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 France

        4. 2.3.3.4 Italy

        5. 2.3.3.5 Spain

        6. 2.3.3.6 Russia

        7. 2.3.3.7 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 South Africa

        2. 2.3.5.2 United Arab Emirates

        3. 2.3.5.3 Rest of Middle-East and Africa

Industrial Enzymes Market Size FAQs

The Industrial Enzymes Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)

Novozymes, DuPont, AB Enzymes, BASF SE and DSM are the major companies operating in the Industrial Enzymes Market.

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Industrial Enzymes Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2024 - 2029)