Europe Industrial Enzymes Market, By Type (Carbohydrases, Proteases, Phytases, Polymerases and Nucleases, Lipases, Others), Form (Liquid, Dry), Source (Plant, Animal, Micro-organism), Application (Food Processing, Animal Feed, Healthcare, Textiles, Leather Processing, Detergents and Cleaners, Bio-Fuel, Others), Country (Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland and Rest of Europe) Industry Trends and Forecast to 2029.
Market Analysis and Insights of Industrial Enzymes Market
Data Bridge Market Research analyses that the industrial enzymes market will witness a CAGR of 5.79% for the forecast period of 2022-2029. Growth in the demand for industrial enzymes especially in the emerging economies, growing use of industrial enzymes for a wide range of end user applications such as in manufacturing of detergents, cleaners and emulsifiers, rising number of small and medium scale enterprises and surge in industrialization especially in the developing countries are the major factors attributable to the growth of the industrial enzymes market.
Industrial enzymes are broadly categorised into three categories such as carbohydrase’s, proteases, and lipases. Industrial enzymes are used for a wide range of applications as they are considered more economical.
Rise in demand for industrial enzymes by leather processing industry is the root cause for fuelling up the market growth rate. Rising demand for industrial enzymes in the manufacturing of foaming agents and growth and expansion of various end user verticals in the emerging economies will also directly and positively impact the growth rate of the market. Rising awareness about the benefits of industrial enzymes in comparison to alternatives, rising expenditure for research and development proficiencies by the major companies, upsurge in the rate of industrialization, surging demand for industrial enzymes for in the food processing, rising demand for bioethanol and growing focus on the technological advancements and modernization in the production techniques will further carve the way for the growth of the market.
However, insufficiency in raw material demand and supply owing to the lockdown and volatility in their prices will pose a major challenge to the growth of the market. High cost associated with research and development proficiencies, limitations observed in the usage of enzymes which include limited thermos stability and strict global trade restrictions will dampen the market growth rate. Also, stringent government rules and regulations and large scale availability of low cost alternatives in the market will also restrict the scope of growth for the market.
This industrial enzymes market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on industrial enzymes market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Industrial Enzymes Market Scope and Market Size
The industrial enzymes market is segmented on the basis of type, form, source and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the industrial enzymes market is segmented into carbohydrases, proteases, phytases, polymerases and nucleases, lipases and others. Carbohydrases have further been segmented into amylases, cellulases, lactases and others. Proteases have further been segmented into trypsins (API and Non-API) and others.
- Based on form, the industrial enzymes market is segmented into liquid and dry.
- On the basis of source, the industrial enzymes market is segmented into plant, animal and micro-organism.
- On the basis of application, the industrial enzymes market is segregated into food processing, animal feed, healthcare, textiles, leather processing, detergents and cleaners, bio-fuel and others.
Industrial Enzymes Market Country Level Analysis
The industrial enzymes market is analysed and market size, volume information is provided by country, type, form, source and application as referenced above.
The countries covered in the industrial enzymes market report are Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey and Rest of Europe.
U.K. in Europe region dominates the industrial enzymes market owing to the rising demand in textile and pharmaceuticals sector and increasing need for cost reduction and optimum utilization resources.
The country section of the industrial enzymes market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Industrial Enzymes Market Share Analysis
The industrial enzymes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to industrial enzymes market.
Some of the major players operating in the industrial enzymes market report are BASF SE, Novozymes, Dupont, DSM, Kerry Group, Dyadic International Inc., Advanced Enzyme Techologies, Chr. Hansen Holding A/S, Amano Enzyme Inc., Aumgene Biosciences, Megazyme Ltd., Enzyme Supplies, Creative Enzymes, Enzyme Solutions, Enzymatic Deinking Technologies, LLC, Biocatalysts, Metgen, Denykem and Tex Biosciences (P) Ltd., among others.