Press release
Industrial Enzymes Market Poised for 7.1 % Growth, Set to Hit $5.58 Billion by 2029
Industrial Enzymes
The growing demand from the food and beverage industry is expected to drive the industrial enzymes market. The food and beverage industry is expanding due to changing consumer preferences, globalization, and technological advancements. Industrial enzymes are critical for enhancing product quality, shelf life, and cost-effectiveness. In 2023, foodservice sales in the US increased to 26.9% of in-store sales, according to Convenience. This rising demand in the food and beverage sector is fueling the industrial enzymes market.
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What is the future CAGR of the industrial enzymes market, and how will it impact industry expansion?
The industrial enzymes market will increase from $7.19 billion in 2024 to $7.72 billion in 2025 at a CAGR of 7.4%, driven by sustainable product demand, enzyme technology innovations, and changing food consumption trends.
The industrial enzymes market is projected to reach $10.14 billion by 2029 at a CAGR of 7.1%, driven by rising industrial applications, improved food nutrition, and demand for sustainable solutions. Trends include enzyme engineering innovations, new product launches, and technological advancements.
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What are the most significant trends transforming the industrial enzymes market today?
Companies in the industrial enzymes market are developing high-efficiency cellulase enzymes to stay competitive. Bionetix International launched ECL3000, a new line of enzyme concentrates targeting cellulose breakdown in May 2024. This enzyme mix, produced by non-pathogenic fungi, efficiently converts cellulose into fermentable sugars, supporting applications in food, clothing, and paper industries.
Which key market segments comprise the industrial enzymes market and drive its revenue growth?
The industrial enzymes market covered in this report is segmented -
1) By Type: Carbohydrases, Proteases, Phytases, Polymerases And Nucleases, Lipases, Other Types
2) 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
Subsegments:
1) By Carbohydrases: Amylases, Cellulases, Glucanases, Xylanases
2) By Proteases: Alkaline Proteases, Acid Proteases, Neutral Proteases
3) By Phytases: 3-Phytase, 6-Phytase, 5-Phytase
4) By Polymerases And Nucleases: DNA Polymerases, RNA Polymerases, Restriction Endonucleases, Exonucleases
5) By Lipases: Fungal Lipases, Bacterial Lipases, Animal Lipases
6) By Other Types: Laccases, Peroxidases, Pectinases, Chitinases, Glucosidases
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What regions are at the forefront of industrial enzymes market expansion?
North America was the largest region in the industrial enzymes market in 2024. The regions covered in the industrial enzymes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the industrial enzymes market?
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.
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What Is Covered In The Industrial Enzymes Global Market Report?
•Market Size Forecast: Examine the industrial enzymes market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the industrial enzymes market for a structured understanding.
•Key Players Overview: Analyze major players in the industrial enzymes market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the industrial enzymes market.
•Segment Contributions: Evaluate how different segments drive overall growth in the industrial enzymes market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the industrial enzymes market.
•Industry Challenges: Identify potential risks and obstacles affecting the industrial enzymes market.
•Competitive Landscape: Review strategic developments in the industrial enzymes market, including expansions, agreements, and new product launches.
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