Press release
Industrial Enzymes Market Poised to Hit $10.14 Billion by 2029 with Accelerating Growth Trends
Industrial Enzymes
Industrial Enzymes Market Size Growth Forecast: What to Expect by 2025?
The size of the industrial enzymes market has seen robust expansion in recent years. There is an expected increase from $7.19 billion in 2024 to $7.72 billion in 2025, representing a compound annual growth rate (CAGR) of 7.4%. The expansion during the historical period can be attributed to the growing consumer preference for natural and eco-friendly products, advancements in enzyme technology, a surge in demand for food and beverage processing due to evolving lifestyles, and heightened consumer consciousness regarding nutrition and health.
How Will the Industrial Enzymes Market Size Evolve and Grow by 2029?
In the coming years, the industrial enzymes market is projected to experience significant expansion. The market size is predicted to reach $10.14 billion in 2029, with a compound annual growth rate (CAGR) of 7.1%. The growth anticipated during this period can be credited to the rise in industrial uses, enhancement in food product nutrition, surging demand for sustainable and renewable options, and advancements in technology. The primary trends during this forecast period are anticipated to be advancements in technology, the evolution of these technologies, the unveiling of novel products and services, and breakthroughs in enzyme engineering.
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What Drivers Are Propelling the Growth of Industrial Enzymes Market Forward?
The industrial enzymes market's anticipated growth correlates directly to the escalating demand within the food and beverage industry. Comprising businesses involved in the production, processing, packaging, distribution, and sale of food and beverages, this industry's growth is fueled by evolving consumer tastes, globalization, e-commerce, technological progress, health consciousness, sustainability efforts, and regulatory matters. Industrial enzymes play a significant role in improving the quality, shelf life, cost-efficiency, and clean label credentials of products within the food and beverage sector. For example, a report by Convenience, a U.S. organization, in April 2024, stated that in 2022, total foodservice sales - incorporating prepared food, commissary goods, and dispensed beverages - constituted 25.6% of in-store sales. By 2023, this percentage had increased to 26.9%. As such, the burgeoning demand within the food and beverage industry substantially contributes to the expansion of the industrial enzymes market.
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Which Emerging Trends Are Transforming the Industrial Enzymes Market in 2025?
Key companies in the industrial enzymes market are concentrating on creating cutting-edge technologies, including high-performance cellulase enzymes, in order to broaden their service range and remain competitive. An efficient cellulase enzyme comprises an enhanced blend of overexpressed cellulase components which can more effectively convert cellulose into fermentable sugars at a reduced enzyme cost. For example, Bionetix International, a biopharmaceutical company based in Canada, unveiled a new series of enzyme concentrates, ECL3000 in May 2024. This line of enzymes aims at cellulose, a complex carbohydrate present in plant cell walls and several common goods such as food, apparel, and paper. ECL3000 is a highly effective cellulase enzyme manufactured by non-pathogenic fungi, demonstrating excellent performance and participates in the decomposition of cellulose into simpler sugars like glucose.
What Are the Key Segments in the Industrial Enzymes Market?
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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Who Are the Key Players Shaping the Industrial Enzymes Market's Competitive Landscape?
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.
What Geographic Markets Are Powering Growth in the Industrial Enzymes Market?
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.
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