The industrial enzymes market size has grown strongly in recent years. It will grow from $6.73 billion in 2023 to $7.19 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The rise observed in the historical period can be credited to a surge in consumer interest for natural and eco-friendly goods, advancements in enzyme technology, heightened demand for food and beverage processing resulting from evolving lifestyles, and heightened consumer consciousness regarding nutrition and health.
The industrial enzymes market size is expected to see strong growth in the next few years. It will grow to $9.47 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The anticipated growth in the forecast period can be ascribed to expanding industrial uses, enhancements in the nutritional content of food items, growing demand for sustainable and renewable alternatives, and progressions in technology. Key trends projected for the upcoming period encompass technological progressions, the evolution of such technologies, introductions of novel products and services, and advancements in enzyme engineering.
The surge in demand within the food and beverage industry is anticipated to drive the growth of the industrial enzymes market in the foreseeable future. The food and beverage sector encompasses all enterprises engaged in the production, processing, packaging, distribution, and sale of food and drink products. Expansion in this industry is fueled by shifting consumer preferences, globalization, technological advancements, the rise of e-commerce, health and wellness trends, sustainability initiatives, and regulatory factors. Industrial enzymes play a crucial role in enhancing product quality, extending shelf life, improving cost-effectiveness, and bolstering clean label credentials within the food and beverage sector. For instance, according to the Australian Bureau of Statistics, sales of food and non-alcoholic beverages reached 15.1 million tons in 2021-2022, marking an increase from 14.8 million metric tons in 2020-2021. Consequently, the growing demand in the food and beverage industry propels the expansion of the industrial enzymes market.
Key players in the industrial enzymes market are prioritizing the development of innovative technologies, such as high-efficiency cellulase enzymes, to diversify their offerings and maintain competitiveness. High-efficiency cellulase enzymes are optimized blends of cellulase components that effectively break down cellulose into fermentable sugars at a reduced enzyme cost. For example, in May 2024, Bionetix International, a Canada-based biopharmaceutical company, introduced a new line of enzyme concentrates named ECL3000. Targeting cellulose, a complex carbohydrate found in plant cell walls and various everyday items such as food, clothing, and paper, ECL3000 is a high-efficiency cellulase enzyme produced by non-pathogenic fungi. It exhibits robust performance in cellulose breakdown, yielding smaller sugars such as glucose.
In March 2024, Novus International Inc., a US-based animal health and nutrition company, completed the acquisition of BioResource International Inc. for an undisclosed sum. Through this acquisition, Novus aims to expand its portfolio and enzyme technology capabilities, bolster its offerings in animal nutrition solutions, and fortify its market position. BioResource International Inc. is a US-based enterprise specializing in researching, developing, and manufacturing enzyme feed additives for poultry.
Major companies operating in the industrial enzymes market are Advanced Enzyme Technologies Limited, BASF SE, Roche Holding AG, Associated British Foods plc, DuPont de Nemours Inc., Kerry Group plc, DSM Nutritional Products AG, Novozymes A/S, Lallemand Inc., Chr. Hansen Holding A/S, Novus International Inc., Jiangsu Boli Bioproducts Co. Ltd., Amano Enzyme Inc., BBI Solutions, AB Enzymes GmbH, Biocatalysts Ltd., Enzyme Supplies Limited, Enzyme Development Corporation, Dyadic International Inc., Longda Bio-products Co. Ltd., Maps Enzymes Ltd.
North America was the largest region in the industrial enzymes market in 2023. The regions covered in the industrial enzymes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the industrial enzymes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Industrial enzymes serve as biological catalysts in a range of industrial processes, expediting chemical reactions. These enzymes, sourced from microorganisms, plants, or animals, find utility across diverse industries, enhancing efficiency, cutting costs, and lessening environmental impact.
The primary categories of industrial enzymes encompass carbohydrases, proteases, phytases, polymerases and nucleases, lipases, and other variants. Carbohydrases, for instance, facilitate the breakdown of carbohydrates into simpler sugars, aiding in the digestion of starches and sugars within food items. Available in liquid and dry forms, they are extracted from various sources such as plants, animals, and microorganisms, finding application across food processing, animal feed, healthcare, textiles, leather processing, detergents and cleaners, bio-fuel, and other sectors.
The industrial enzymes market research report is one of a series of new reports that provides industrial enzymes market statistics, including industrial enzymes industry global market size, regional shares, competitors with an industrial enzymes market share, detailed industrial enzymes market segments, market trends, and opportunities, and any further data you may need to thrive in the industrial enzymes industry. These industrial enzymes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The industrial enzymes market consist of revenues earned by entities by providing services such as enzyme engineering and optimization, process optimization and consulting, analytical services, and enzyme production and supply. The market value includes the value of related goods sold by the service provider or included within the service offering. The industrial enzymes market also includes sales of cellulase-like enzymes, pectinases, xylanases, cellulases, and amylases. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The industrial enzymes market size is expected to see strong growth in the next few years. It will grow to $9.47 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The anticipated growth in the forecast period can be ascribed to expanding industrial uses, enhancements in the nutritional content of food items, growing demand for sustainable and renewable alternatives, and progressions in technology. Key trends projected for the upcoming period encompass technological progressions, the evolution of such technologies, introductions of novel products and services, and advancements in enzyme engineering.
The surge in demand within the food and beverage industry is anticipated to drive the growth of the industrial enzymes market in the foreseeable future. The food and beverage sector encompasses all enterprises engaged in the production, processing, packaging, distribution, and sale of food and drink products. Expansion in this industry is fueled by shifting consumer preferences, globalization, technological advancements, the rise of e-commerce, health and wellness trends, sustainability initiatives, and regulatory factors. Industrial enzymes play a crucial role in enhancing product quality, extending shelf life, improving cost-effectiveness, and bolstering clean label credentials within the food and beverage sector. For instance, according to the Australian Bureau of Statistics, sales of food and non-alcoholic beverages reached 15.1 million tons in 2021-2022, marking an increase from 14.8 million metric tons in 2020-2021. Consequently, the growing demand in the food and beverage industry propels the expansion of the industrial enzymes market.
Key players in the industrial enzymes market are prioritizing the development of innovative technologies, such as high-efficiency cellulase enzymes, to diversify their offerings and maintain competitiveness. High-efficiency cellulase enzymes are optimized blends of cellulase components that effectively break down cellulose into fermentable sugars at a reduced enzyme cost. For example, in May 2024, Bionetix International, a Canada-based biopharmaceutical company, introduced a new line of enzyme concentrates named ECL3000. Targeting cellulose, a complex carbohydrate found in plant cell walls and various everyday items such as food, clothing, and paper, ECL3000 is a high-efficiency cellulase enzyme produced by non-pathogenic fungi. It exhibits robust performance in cellulose breakdown, yielding smaller sugars such as glucose.
In March 2024, Novus International Inc., a US-based animal health and nutrition company, completed the acquisition of BioResource International Inc. for an undisclosed sum. Through this acquisition, Novus aims to expand its portfolio and enzyme technology capabilities, bolster its offerings in animal nutrition solutions, and fortify its market position. BioResource International Inc. is a US-based enterprise specializing in researching, developing, and manufacturing enzyme feed additives for poultry.
Major companies operating in the industrial enzymes market are Advanced Enzyme Technologies Limited, BASF SE, Roche Holding AG, Associated British Foods plc, DuPont de Nemours Inc., Kerry Group plc, DSM Nutritional Products AG, Novozymes A/S, Lallemand Inc., Chr. Hansen Holding A/S, Novus International Inc., Jiangsu Boli Bioproducts Co. Ltd., Amano Enzyme Inc., BBI Solutions, AB Enzymes GmbH, Biocatalysts Ltd., Enzyme Supplies Limited, Enzyme Development Corporation, Dyadic International Inc., Longda Bio-products Co. Ltd., Maps Enzymes Ltd.
North America was the largest region in the industrial enzymes market in 2023. The regions covered in the industrial enzymes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the industrial enzymes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Industrial enzymes serve as biological catalysts in a range of industrial processes, expediting chemical reactions. These enzymes, sourced from microorganisms, plants, or animals, find utility across diverse industries, enhancing efficiency, cutting costs, and lessening environmental impact.
The primary categories of industrial enzymes encompass carbohydrases, proteases, phytases, polymerases and nucleases, lipases, and other variants. Carbohydrases, for instance, facilitate the breakdown of carbohydrates into simpler sugars, aiding in the digestion of starches and sugars within food items. Available in liquid and dry forms, they are extracted from various sources such as plants, animals, and microorganisms, finding application across food processing, animal feed, healthcare, textiles, leather processing, detergents and cleaners, bio-fuel, and other sectors.
The industrial enzymes market research report is one of a series of new reports that provides industrial enzymes market statistics, including industrial enzymes industry global market size, regional shares, competitors with an industrial enzymes market share, detailed industrial enzymes market segments, market trends, and opportunities, and any further data you may need to thrive in the industrial enzymes industry. These industrial enzymes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The industrial enzymes market consist of revenues earned by entities by providing services such as enzyme engineering and optimization, process optimization and consulting, analytical services, and enzyme production and supply. The market value includes the value of related goods sold by the service provider or included within the service offering. The industrial enzymes market also includes sales of cellulase-like enzymes, pectinases, xylanases, cellulases, and amylases. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Industrial Enzymes Market Characteristics3. Industrial Enzymes Market Trends and Strategies32. Global Industrial Enzymes Market Competitive Benchmarking33. Global Industrial Enzymes Market Competitive Dashboard34. Key Mergers and Acquisitions in the Industrial Enzymes Market
4. Industrial Enzymes Market - Macro Economic Scenario
5. Global Industrial Enzymes Market Size and Growth
6. Industrial Enzymes Market Segmentation
7. Industrial Enzymes Market Regional and Country Analysis
8. Asia-Pacific Industrial Enzymes Market
9. China Industrial Enzymes Market
10. India Industrial Enzymes Market
11. Japan Industrial Enzymes Market
12. Australia Industrial Enzymes Market
13. Indonesia Industrial Enzymes Market
14. South Korea Industrial Enzymes Market
15. Western Europe Industrial Enzymes Market
16. UK Industrial Enzymes Market
17. Germany Industrial Enzymes Market
18. France Industrial Enzymes Market
19. Italy Industrial Enzymes Market
20. Spain Industrial Enzymes Market
21. Eastern Europe Industrial Enzymes Market
22. Russia Industrial Enzymes Market
23. North America Industrial Enzymes Market
24. USA Industrial Enzymes Market
25. Canada Industrial Enzymes Market
26. South America Industrial Enzymes Market
27. Brazil Industrial Enzymes Market
28. Middle East Industrial Enzymes Market
29. Africa Industrial Enzymes Market
30. Industrial Enzymes Market Competitive Landscape and Company Profiles
31. Industrial Enzymes Market Other Major and Innovative Companies
35. Industrial Enzymes Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Industrial Enzymes Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on industrial enzymes market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
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- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for industrial enzymes? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The industrial enzymes market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Carbohydrases; Proteases; Phytases; Polymerases and Nucleases; Lipases; Other Types2) By Form: Liquid; Dry
3) By Source: Plant; Animal; Micro-Organism
4) By Application: Food Processing; Animal Feed; Healthcare; Textiles; Leather Processing; Detergents and Cleaners; Bio-Fuel; Other Applications
Key Companies Mentioned: Advanced Enzyme Technologies Limited; BASF SE; Roche Holding AG; Associated British Foods plc; DuPont de Nemours Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | August 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 7.19 Billion |
Forecasted Market Value ( USD | $ 9.47 Billion |
Compound Annual Growth Rate | 7.2% |
Regions Covered | Global |
No. of Companies Mentioned | 21 |