Industrial Enzymes Market World Technology, Development, Trends and Opportunities Market Research Report

Market Insights: The Industrial Enzymes Market was valued at USD 7.09 billion in 2022 and is anticipated to reach USD 10.96 billion by 2029, exhibiting a CAGR of 6.4% during the forecast period .

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Report Scope: The Industrial Enzymes Market report provides a comprehensive analysis of the market dynamics, including drivers, restraints, and opportunities. It offers insights into market trends, segmentation, and regional analysis, aiding investors in making informed decisions. The report covers market values from 2017 to 2022 and forecasts market size until 2029.

Research Methodology: The research methodology includes primary and secondary research, incorporating both qualitative and quantitative analysis. It encompasses data collection, market sizing, and forecasting techniques, providing a robust understanding of the Industrial Enzymes Market dynamics.

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Drivers: The market is driven by increased demand from various end-use industries such as biofuel, household cleaning, animal feed, and food and beverage. Factors such as rising health awareness, demand for renewable energy sources, and environmentally friendly products contribute to market growth.

Restraints: Challenges such as high sensitivity of enzymes to temperature and pH, as well as product handling security issues, may impact market growth in the forecast period.

Regional Insights:

North America: Dominated the market in 2022, driven by the United States' production of beverages and biofuels. The region is expected to continue its dominance due to increased demand for craft beer and significant consumption in the food and beverage industry.
Asia Pacific: Expected to grow at the fastest rate, driven by increased consumer spending and rapid population growth. The region's enzyme market is propelled by the presence of major enzyme manufacturers and rising demand in industries like textiles and healthcare.
Europe: Witnessing significant growth, attributed to the presence of pharmaceutical and cosmetic firms. The region's expanding textile industry and increasing population are also expected to boost enzyme demand.

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Market Segmentation:

by Types

• Carbohydrases
• Amylases
• Cellulases
• Proteases
• Lipases

In terms of product type, the market was dominated by the carbohydrases segment, which in 2022 accounted for over 47.0% of global revenue. Animal feed, food and drink, pharmaceuticals, and other industries all use carbohydrase enzymes. The main application of carbohydrases is as a catalyst to change carbohydrates into sugar syrup, such as glucose and fructose, which is then utilized in the food and beverage, pharmaceutical, and food industries.

Increased protein consumption as a result of consumers' growing awareness of their declining nutritional status is expected to drive demand for proteases in the food industry over the course of the forecast period. In addition, sector growth is anticipated throughout the projected period due to the expansion of the chemical, detergent, and pharmaceutical end-use industries in developing nations like China, India, and Brazil.

by Application

• Food & Beverages
• Cleaning agents
• Animal feed
• Detergents
• Waste water treatment
• others

By Application, with over 22.0% of worldwide sales, the food and beverage segment led the market in 2022. Production of nutritious food and beverage products requires the use of industrial enzymes. Customized solutions and distinct enzyme products are needed by the cheese, fruit and vegetable, fats and oils, grain, and protein processing industries, as well as by the baking, dairy, cereal extraction, and brewing sectors of the food processing industry. Food and beverage industries may reduce waste, maximize production, optimize resources, save expenses, minimize environmental damage, and improve end product quality with the help of specialized enzyme solutions.

by Source

• Microorganisms
• Plants
• Yeast
• Animals
• Fungal

According to Source, the microorganisms category accounted for more than 60% of total sales in 2022. There are three categories of microorganism-derived enzymes: yeast, fungus, and bacteria. Enzymes used in industry that are obtained from mushrooms include hydrolases, esterases, and phenol oxidases. The most popular source of bacterial enzymes is Bacillus. The food and beverage, pharmaceutical, and detergent industries use the majority of industrial enzymes. Products made from fungi are becoming more and more common since they can be found in a wide range of end industries. Since they are crucial to the production and preparation of many different food items, including beer, soy sauce, dairy products, processed fruits, and baked goods, fungus enzymes have a wide range of uses.

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Key Players:

• Chr. Hansen,
• Novozymes A/S,
• Codexis Inc.,
• Novus International Inc.,
• Associated British Foods (ABF) plc.
• AB Enzymes GmbH,
• E.I.du Pont de Nemours and Company,
• Advanced Enzyme Technologies Ltd.,
• Koninklijke DSM N.V.
• Amano Enzyme Inc.,
• BASF SE,
• DSM,
• DowDuPontInc,
• Roche
• Amano Enzymes Inc.
• Adisseo
• Codexis, Inc.
• F. Hoffmann-La Roche Ltd.
• Thermo Fisher Scientific Inc. (Affymetrix, Inc.)
• Amicogen Inc.
• AUM Enzymes
• Biocatalysts Ltd.
• Inofea AG
• Direvo industrial Biotechnology GMBH
• Dyadic International
• Enginzyme AB
• Enzymicals AG
• Genofocus, Inc.
• Maps Enzymes ltd.
• Speciality Enzymes and Biotechnologies company

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Key Offerings:

A detailed Market Overview
Market Share, Size & Forecast by Revenue
Market Dynamics - Growth Drivers, Restraints, Investment Opportunities, and Key Trends
Market Segmentation - A detailed analysis by segments and sub-segments
Regional Insights
Competitive Landscape - Top Key Vendors and Other Prominent Vendors

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