The global industrial enzymes market size is expected to reach around US$ 5.9 billion by 2030 from US$ 5 billion in 2020 and is expected to grow at an impressive double-digit rate of 6.5% from 2021 to 2030.
The study includes drivers and restraints of this market. The study provides an analysis of the global industrial enzymes market for the period 2017-2030, wherein 2021 to 2030 is the forecast period and 2020 is considered as the base year.
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.
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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 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.
Why should you invest in this report?
If you are aiming to enter the global industrial enzymes market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for industrial enzymes are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Key Companies Profiled
The global Industrial Enzymes Market is characterized by the presence of various small and big players. The major market player 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. As the market is competitive in nature, the players are indulged in rapid adoption of advanced technologies to improve the product quality and in raising their competitive share by means of strategic initiatives like mergers, new product and acquisitions.
Market Segmentation:
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
Regional Analysis:
The geographical analysis of the global industrial enzymes market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American Market is again segmented into the US, Canada, and Mexico. Coming to the European Market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global industrial enzymes Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global industrial enzymes market in 2030?
- What is the expected CAGR for the industrial enzymes market between 2021 and 2030?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global industrial enzymes market?
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
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