According to the latest report by IMARC Group, titled “Industrial Enzymes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on industrial enzymes market size. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global industrial enzymes market is expected to exhibit a CAGR of 6.1% during 2022-2027.
Industrial enzymes refer to catalysts that are utilized to enhance the rate of chemical reaction in industrial processes. They are obtained from animal and plant tissues and are employed to accelerate chemical reactions by forming transition state complexes with their substrate. They enhance the production processes by increasing the stability of the product used in the reaction, help in reducing the consumption of energy and waste generation, and are recycled naturally in the environment. Some of the commonly used industrial enzymes are amylases, cellulases, proteases, and lipase that act as biocatalysts in commercial processing and are utilized in various industries, such as pharmaceuticals, food and beverage, detergent, biofuels, textiles, paper and pulp, and dairy.
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Significant growth in the food and beverage industry is driving the global market. Moreover, the escalating sales of functional food products due to the growing health consciousness among the masses is propelling the usage of industrial enzymes in production, thereby providing a thrust to the market. Furthermore, continual advancements in the field of biotechnology, particularly in protein engineering, have led to the introduction of innovative product variants, which are gaining widespread prominence across the globe. Besides, the increasing environmental norms and regulations regarding the uptake of sustainable products are positively impacting the demand for industrial enzymes. Other factors, including rapid industrialization, continual developments in the nutraceutical sector, and extensive research and development (R&D) activities, are also influencing the market.
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The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Advanced Enzyme Technologies
- Associated British Foods Plc
- BASF SE
- Hansen Holding A/S
- Koninklijke DSM N.V
- DuPont de Nemours Inc.
- Enzyme Development Corporation
- Novozymes A/S
- Novus International Inc
Industrial Enzymes Market Segmentation:
Our report has categorized the market based on region, product, source and application.
Breakup by Product:
- Polymerases and Nucleases
Breakup by Source:
Breakup by Application:
- Food and Beverages
- Animal Feed
- Pulp and Paper
- Personal Care and Cosmetics
- Wastewater Treatment
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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