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.
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.
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By application, the
food & beverages segment is projected to account for the largest share in
the industrial enzymes market during the forecast period
The demand for industrial enzymes is increasing
significantly due to the increasing application of enzymes in the food &
beverage industry. The food & beverage applications considered for this
study include meat processing, dairy products, beverages, bakery products,
nutraceuticals, and other food products (such as processed fruits &
vegetables, processed food, and vegetable oil processing). Enzymes used in the
food & beverage industry are distinguished into food additives and
processing aids. However, most enzymes used in food & beverage products are
considered as processing aids, and only a few are used as additives, such as
lysozymes and invertases.
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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