The report "Industrial
Enzymes Market by Type (Carbohydrases, Proteases, Lipases,
Polymerases & Nucleases, Other Types), Source, Application (Food &
Beverages, Feed, Bioethanol, Detergents, Pulp & Paper, Textiles &
Leather, Wastewater Treatment, Other Applications), Form, and Region - Global
Forecast to 2026" According to
MarketsandMarkets, the industrial enzymes market is estimated to be valued at
USD 5.9 billion in 2020 and is projected to reach USD 8.7 billion by 2026,
recording a CAGR of 6.5%, in terms of value. The growing environmental concerns
and enzyme quality in food & beverages and feed, and the rising demand for
bioethanol are factors that are projected to drive the growth of the industrial
enzymes market globally.
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The microorganism segment is projected to witness
significant growth during the forecast period.
Based on source, the industrial enzymes market is
segmented into microorganism, plant, and animal. The microorganism segment is
projected to witness the fastest growth during the forecast period, as enzymes
obtained from microbial sources lead to low production costs. Furthermore, they
contain more predictable and controllable enzyme content. In addition, as
enzymes obtained from microbial sources can be cultured in large quantities in
a short period, microorganisms are the primary source of industrial enzymes.
The carbohydrases segment is projected to account
for a major share in the industrial enzymes market during the forecast period
By type, the industrial enzymes market is
segmented into carbohydrases, proteases, lipases, polymerases & nucleases,
and other enzymes (such as catalases, laccases, oxidases, phosphatases,
kinases, esterases, and pectinases). Carbohydrases are classified into
amylases, cellulases, and other carbohydrases (such as pectinases, lactases,
mannanases, and pullulanases). Amylases used in the textile industry benefit denim
manufacturers in de-sizing and lowering the operational costs. In the paper
industry, amylases help in de-inking and drainage improvement. However, the
textile industry functionally benefits in the replacement of pumice stones by a
cellulose-based treatment; benefits include less damage to fibers, increased
productivity of the machines, and less hazardous environment for manufacturers.
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The North American region dominated the industrial
enzymes market with the largest share in 2019, whereas Asia Pacific is expected
to witness the highest growth rate.
The industrial enzymes market in North America was
dominant due to the increasing demand for enzymes in industrial applications.
Technological innovations in machinery, optimization of production, logistics,
and globalization of business have made the food & beverage industry one of
the essential sectors in North America. However, the shift of industrial
operations from developed regions, such as North America and Europe, to Asia
Pacific, has further contributed to the growth of the industrial enzymes market
in the Asia Pacific region. The use of industrial enzymes in textiles &
leather and detergents has been fueling the market in the Asia Pacific region.
Furthermore, European consumers have shown an inclination toward clean-label
and organic products. This has enabled manufacturers to consider organic
ingredients as major components of the products. Due to this, the industrial
enzymes market in the European region is led by the growing focus on the
production of food & beverages, owing to the functional benefits of enzymes.
This report includes a study on the marketing and
development strategies, along with the product portfolios of leading companies.
It consists of profiles of leading companies, such as BASF (Germany), Novozymes
(Denmark), DuPont (US), DSM (Netherlands), Kerry Group (Ireland), Dyadic
International (US), Advanced Enzymes (India), Chr. Hansen (Denmark), Amano
Enzymes (Japan), Megazyme (Ireland), Aumgene Biosciences (India), Biocatalysts
(UK), Enzyme Supplies (UK), Creative Enzymes (US), Enzyme Solutions (US),
Enzymatic Deinking Technologies (US), Sunson Industry Group (China), MetGen
(Finland), Denykem (UK), and Tex Biosciences (India).
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