Press release
Cellulase Market Poised for 8.9 % Growth, Set to Hit $25.36 Billion by 2029
How Is the Cellulase Market Projected to Grow, and What Is Its Market Size?The cellulase market has seen robust expansion in the last few years. Statistics anticipate an increase in its size from $2.12 billion in 2024 to $2.32 billion in 2025, with a 9.2% compound annual growth rate (CAGR). A surge in demand from the pharmaceutical industry, the growing construction sector, heightened demand for biofuels, increased need for animal feed production, and escalating production of wheat and other grain types significantly contributed to the market's expansion in the historic period.
Expected to witness substantial expansion in the coming years, the cellulase market is projected to reach $3.26 billion by 2029, growing at an 8.9% compound annual growth rate (CAGR). This projected growth during the forecast period is attributed to the rising demand for food and beverage processing, paper industry expansion, increasing demand for premium fabrics, escalating usage of cellulase in winemaking, and a surge in demand from the textile industry. The forthcoming period is anticipated to be characterized by significant advancements in genetic engineering, developments in industrial biotechnology, breakthroughs in textile processing, digital integration, innovative enzyme production technologies, biotechnological enhancements, and the introduction of environmentally friendly products.
What Factors Are Fueling Growth in the Cellulase Market?
The surge in biofuel demand is anticipated to stimulate expansion in the cellulase sector. Biofuels, which are a renewable energy form obtained from organic substances like plant biomass or animal waste, are seeing increased popularity due to the rising requirement for sustainable and renewable energy sources as a way to cut down carbon emissions and fossil fuel reliance. Biofuel production uses cellulase to permit efficient conversion of abundant, renewable cellulosic biomass into significant transportation fuels, thereby reducing greenhouse gas emissions and dependence on fossil fuels. For example, the Energy Information Administration, a US government agency, stated in October 2024 that there was a 7% rise in US biofuel production capacity in 2023, eventually hitting around 24 billion gallons per year at the beginning of 2024. This notable increase was primarily attributed to a significant 44% climb in the renewable diesel and other biofuels category. Hence, the growing demand for biofuels is propelling the expansion of the cellulase market.
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Who Are the Major Industry Players Fueling Cellulase Market Expansion?
Major companies operating in the cellulase market are Archer Daniels Midland Company, BASF SE, Dow Inc., Merck KGaA, Brenntag SE, DuPont de Nemours Inc, Koninklijke DSM N.V., Kerry Group plc, Daicel Corporation, Lenzing AG, Novozymes BioAg Limited, Ashland Inc, Chr. Hansen Holding A/S, Borregaard, Kemin Industries Inc, Genencor International Inc, Amano Enzyme Inc, Codexis Inc, AB Enzymes GmbH, MP Biomedicals LLC, Biocatalysts Ltd, BIO-CAT, Worthington Biochemical Corporation, Dyadic International Inc.
Which Key Developments Are Influencing the Cellulase Market?
Leading businesses in the cellulase market are concentrating on the development of groundbreaking products like high-performance cellulase enzymes to increase efficiency and sustainability. High-performance cellulase enzymes are robust biological catalysts that swiftly break down cellulose into simpler sugars, improving industrial operations in diverse sectors such as textiles, paper, and biofuels. In a notable development that took place in May 2024, Bionetix International, a Canadian firm renowned for creating and manufacturing natural biological products, unveiled ECL3000, the pioneering product in its novel line of enzyme concentrates designed for manufacturers and formulators. ECL3000 is a high-performance cellulase enzyme generated by non-pathogenic fungi, specifically aimed at the cellulose present in common items like food, clothes, and paper. This enzyme is advantageous to a range of industries, including textile, paper, biofuel, and animal feed processing.
How Is the Segmentation of the Cellulase Market Defined?
The cellulase market covered in this report is segmented -
1) By Type: Endoglucanase (EG), Cellobiohydrolase (CBH), Beta-Glucosidase (BG)
2) By Source: Fungi, Bacteria, Actinomycetes, Plants, Animals
3) By End Use: Healthcare, Industrial, Food And Beverages, Textile, Pulp And Paper
Subsegments:
1) By Endoglucanase (EG): Exoglucanase, Endo-1,4-Beta-Glucanase
2) By Cellobiohydrolase (CBH): Cellobiohydrolase I (CBHI), Cellobiohydrolase II (CBHII)
3) By Beta-Glucosidase (BG): Exoglucanase, Endoglucanase-Associated Beta-Glucosidase
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What Is the Leading Region in the Cellulase Market?
North America was the largest region in the cellulase market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cellulase market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Cellulase Global Market Report?
- Market Size Analysis: Analyze the Cellulase Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Cellulase Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Cellulase Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Cellulase Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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