Global 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) – Industry Trends and Forecast to 2030.
Industrial Enzymes Market Analysis and Size
Growing awareness of environmental issues and the need for sustainable practices has led to increased interest in industrial enzyme fueling up the market growth rate. Regulatory agencies have implemented policies and standards that encourage the use of environmentally friendly and sustainable technologies. The production of industrial enzymes, especially those produced through fermentation processes, can be expensive. The cost of production includes the cultivation of microorganisms, downstream processing, and purification. These costs can limit the affordability and widespread use of enzymes, particularly in smaller-scale applications are also projected to hamper market’s overall growth in the forecast period of 2023 to 2030.
Data Bridge Market Research analyses that the industrial enzymes market is expected to undergo a CAGR of 21.0% during the forecast period. This indicates that the market value, which was USD 2,877 million in 2022, is expected to USD 3,988.685 million by 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Industrial Enzymes Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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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)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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BASF SE (Germany), Novozymes (Denmark), Dupont (U.S.), DSM (Netherlands), Kerry Group (Ireland), Dyadic International Inc. (U.S.), Advanced Enzyme Techologies (India), Hansen Holding A/S (Denmark), Amano Enzyme Inc. (Japan) among others
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Market Opportunities
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Market Definition
Industrial enzymes are proteins that are used in various industrial processes to catalyze chemical reactions. These enzymes are typically produced by microorganisms such as bacteria and fungi, but they can also be engineered or modified to enhance their performance for specific applications. Industrial enzymes play a crucial role in a wide range of industries, including food and beverage production, textile manufacturing, biofuel production, and more.
Global Industrial Enzymes Market Dynamics
Drivers
- Growing Awareness of Environmental Issues
Growing awareness of environmental issues and the need for sustainable practices has led to increased interest in industrial enzymes. Enzymes are typically more environmentally friendly than traditional chemical processes because they are biodegradable and can operate under mild conditions, reducing the use of harsh chemicals and energy consumption.
- Advancements in Biotechnology
Advances in biotechnology, including genetic engineering and enzyme engineering techniques, have enabled the development of highly efficient and specific enzymes for various industrial applications. These innovations have expanded the range of possible enzyme applications.
Opportunity
- Growing Demand for Clean Label Products
The demand for clean-label and natural food products is growing. Enzymes can be used to replace synthetic additives and improve the texture, flavor, and shelf life of food products. Enzymes can play a role in the production of plant-based protein alternatives, helping to create products with better taste and texture. Enzymes can be used to reduce sugar and fat content in foods and beverages while maintaining taste and mouthfeel is expected to create immense opportunities for the growth rate of the market.
Restraints/ Challenges
- High Production Costs
The production of industrial enzymes, especially those produced through fermentation processes, can be expensive. The cost of production includes the cultivation of microorganisms, down-stream processing, and purification. These costs can limit the affordability and widespread use of enzymes, particularly in smaller scale applications.
- Regulatory Compliance
Enzymes used in industrial processes are subject to regulatory oversight in many countries. Compliance with regulatory requirements can be a complex and time-consuming process, and changes in regulations can impact the use of specific enzymes in certain applications.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Industrial Enzymes Market Scope
The industrial enzymes market is segmented on the basis of type, form, source and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
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
Global Industrial Enzymes Market Regional Analysis/Insights
The industrial enzymes market is analyzed and market size, volume information is provided by type, form, source and application as referenced above.
The countries covered in the industrial enzymes market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
North America is estimated to dominate the industrial enzymes market owing to the strong presence of several end-use industries, such as food and beverage, pharmaceuticals, laundry detergent and personal care and cosmetics. Europe, on the other hand, will continue to however show lucrative growth within the forecast period owing to the high product demand in wastewater treatment.and presence of prominent players operating in this region.
The country section of the 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 down-stream and up-stream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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 Global Industrial Enzymes Market analysis
Theindustrial 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 company's focus related to industrial enzymes market.
Some of the major players operating in the industrial enzymes market are:
- BASF SE (Germany)
- Novozymes (Denmark)
- Dupont (U.S.)
- DSM (Netherlands)
- Kerry Group (Ireland)
- Dyadic International Inc. (U.S.)
- Advanced Enzyme Techologies (India)
- Hansen Holding A/S (Denmark)
- Amano Enzyme Inc. (Japan)
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