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Industrial Enzymes Market Size, Share & Trends Analysis Report By Product, By Source (Plants, Animals), By Application (Food & Beverages, Detergents, Animal Feed), By Region, And Segment Forecasts, 2023 - 2032
Report OverviewThe market for industrial enzymes was estimated to be worth USD 6.95 billion in 2022 and is anticipated to grow at a CAGR of 6.4% from 2023 to 2032. It is anticipated that rising global demand for bread goods and fruit juices would increase demand for industrial enzymes. In the upcoming years, it is projected that this aspect would help the sector flourish.
To improve product quality and shelf life, industrial enzymes are extensively utilised in the food and beverage industry. They are used in the production of dairy, starch, and sugar products that people frequently consume in big numbers, as well as in the brewing and baking operations in the food and beverage industry. They are used in baking applications to give specific properties for dough or flour. When used in bread, they improve or standardise its quality and provide consistent browning. They also assist in lowering the protein level of flour in biscuits and crackers.
Growth Factors
Rising product demand from end-use industries including biofuel, household cleaning, animal feed, and food & beverage is what is propelling the growth of the industrial enzymes market. Growing demand for carbohydrase and proteases in food and beverage applications, notably in Asia Pacific's emerging economies like China, India, and Japan, is anticipated to fuel the market. Furthermore, development in industrialised economies may be linked to increased manufacturing and advancements in the nutraceutical industry. Such elements have greatly increased product demand.
The demand for industrial enzymes is anticipated to grow in the nutraceutical and animal feed sectors, driving the industry forward. Additionally, as consumer knowledge of health issues rises, so does the desire for functional meals, which will increase product demand in the years to come. One of the concerns facing the industry is the high sensitivity of enzymes to temperature and pH, as well as item handling security issues. These elements are anticipated to have an immediate effect on market expansion. Key firms are anticipated to gain from the rising use of their products in numerous end-use industries, including food and beverage, animal feed, biofuels, and diagnostics.
Scope of the Report
Proteins called enzymes catalyse chemical processes. So-called industrial enzymes are enzymes that have been extensively used to speed up industrial processes and the creation of products. Type, application, and geographic regions are used to segment the industrial enzyme market. The market is divided into different groups based on type, including lipases, proteases, and carbohydrases. The market is divided into segments based on application, including those for biofuel, textiles, leather processing, healthcare, animal feed, food processing, and other uses. Additionally, the report provides market size and predictions for the industrial enzymes market in 18 nations across key geographical areas. The market sizing and forecasting for each segment have been done using value (USD million).
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Global Industrial Enzymes Market: Segmentations
Global Industrial Enzymes Market: By Key Players
Novozymes
DuPont
DSM
Longda Bio-products
Guangdong VTR Bio-Tech
Vland
SunHY
Challenge Group
Sunson
Amano Enzyme
Advanced Enzyme Technologies
Nanning Doing-Higher Bio-Tech
Godo Shusei
Jiangyin BSDZYME Bio-Engineering
Beijing Smistyle Sci. & Tech
Global Industrial Enzymes Market: By Types
Saccharifying Enzyme
Amylase
Protease
Lipases
Global Industrial Enzymes Market: By Applications
Food and Beverage
Detergents
Animal Feed
Textile
Pulp and Paper
Bioenergy
Global Industrial Enzymes Market: Regional Analysis
The countries covered in the regional analysis of the Global Industrial Enzymes market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Analysis of the impact of COVID-19 and the Russia-Ukraine War:
The readers of this section will be better informed on the effects of the pandemic, the post-pandemic, and the Russia-Ukraine War on the global market for refrigerated freight services. The factors that have changed since the poll was done include demand, consumption, transportation, consumer behavior, and supply chain management. Industry experts have also emphasized the crucial factors that will help players identify opportunities and maintain the sector as a whole in the approaching years.
Frequently Asked Questions About This Report
• How big is the industrial enzymes market?
• What is the industrial enzymes market growth?
• Which segment accounted for the largest industrial enzymes market share?
• Who are the key players in industrial enzymes market?
• What are the factors driving the industrial enzymes market?
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