INDUSTRIAL ENZYMES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Industrial enzymes find extensive application across various industries such as food processing, animal feed, bioethanol, laundries & detergent, pulp & paper and wastewater treatment. They help improve manufacturing processes, lower costs, save energy and reduce environmental footprints as compared to conventional chemical-based processes. Globally, industrial enzymes market is expected to witness lucrative growth in the near future. Advances in biotechnology coupled with replacement of hazardous chemicals with eco-friendly enzyme solutions will drive the demand. Moreover, supportive government policies for biofuel production will further propel the market expansion. Industrial enzymes are proteins that are produced through industrial fermentation process and act as bio-catalysts in various industrial processes such as food and beverage processing, detergents, textiles, and paper and pulp. They enhance the rate of biochemical reactions while maintaining high substrate specificity under controlled environmental conditions. They provide alternatives to harsh chemicals, high temperatures and pressures and are cost-effective in small quantities. With growing environmental concerns, the market for industrial enzymes is expected to grow substantially in the near future as they reduce energy usage and lower carbon footprint as compared to conventional industrial processes.

Market Dynamics:

Major drivers propelling the industrial enzymes market include significant growth of processed food industry and rising need to improve manufacturing efficiencies. The market opportunity for cellulases and amylases enzymes is growing substantially due to increasing bioethanol production. However, fluctuating raw material prices remain a key challenge for manufacturers. On the other hand, innovations to produce novel quality-improving and cost-saving enzymes open up new avenues. The market is also witnessing rising preference for economically viable and environment-friendly industrial processes.

Key features of the study:

• This report provides in-depth analysis of the industrial enzymes market, and provides market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the industrial enzymes market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Advanced Enzyme Technologies, Lesaffre, Adisseo, Enzyme Development Corporation, BASF SE, Novozyme, DuPont Danisco, DSM, Novus International, Associated British Foods plc., and Chr. Hansen Holding A/S.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The industrial enzymes market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the industrial enzymes market

Industrial Enzymes Market Segmentation:

• Industrial Enzymes Market, By Product
  • Carbohydrate
  • Proteases
  • Lipases
  • Polymerases & Nucleases
  • Others
• Industrial Enzymes Market, By Source
  • Plants
  • Animals
  • Microorganisms
• Industrial Enzymes Market, By Application
  • Food & Beverages
  • Detergents
  • Animal Feed
  • Biofuels
  • Textiles
  • Pulp & Paper
  • Nutraceutical
  • Personal Care & Cosmetics
  • Wastewater
  • Agriculture
  • Others
• Industrial Enzymes Market, By Region
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa
• Top Companies in Industrial Enzymes Market:
• • Advanced Enzyme Technologies
  • Lesaffre
  • Adisseo
  • Enzyme Development Corporation
  • BASF SE
  • Novozyme
  • DuPont Danisco
  • DSM
  • Novus International
  • Associated British Foods PLC.
  • Hansen Holding A/S