The industrial enzymes market was valued at USD 4.61 billion in 2016, and is
projected to grow at a CAGR of 5.8% from 2017, to reach USD 6.30 billion by
2022.
The global industrial enzymes market has
grown exponentially in the last few years and this trend is projected to
continue. With the advent of strong R&D capabilities, companies are
developing industrial enzymes that are of organic & natural origin and can
act as alternatives to chemicals whose usage is strictly regulated by
government agencies.
Scope Of The Report
On the basis of type, the industrial enzymes market has been segmented into:
- Amylases
- Cellulases
- Proteases
- Lipases
- Phytases
- Others
On the basis of source, the industrial enzymes market has been segmented into:
- Micro-organisms
- Plants
- Animals
On the basis of Application, the industrial enzymes market has been segmented into:
- -Food & beverages
- Baked goods
- Dairy
- Others
- -Cleaning agents
- Laundry detergents
- automatic dishwashing detergent
- Others
- -Animal feed
- -Other enzymes
On the basis of region, the industrial enzymes market has been segmented into:
- North America
- Europe
- Asia Pacific
- RoW (South America and Middle East & African countries)
The major restraining factor
for the Industrial enzymes market is stringent regulations in this industry and
lack of transparency in patent protection laws.
Increasing use of cellulases
in bio-fuel production; amylases in dairy production; and lipases for
detergents and other industrial applications have fueled the growth of the
industrial enzymes market.