Global Industrial Enzymes Market Is Expected to Reach USD 8.11 Billion In 2026
The global industrial
enzymes market was valued at USD 5.25 billion in 2018 and is expected to
reach USD 8.11 billion in 2026, growing at a CAGR of 5.78% during
the forecast period.
Industrial enzymes are
biological catalysts used to boosts the production processes and increase
chemical reactions. The industrial enzymes are used in various industrial and
chemical applications which include brewing, tanning, baking, and animal feed
& biofuel production. Based on applications, different types of enzymes
such as cellulases, amylases, proteases, phytases, and lipases are used.
The growth of the
industrial enzymes market is primarily driven by the rising enzymes demand from
food & beverage, nutraceutical, and textile applications, increase in the
consumption of processed food and packaged food across the globe, and
multi-functionality of industrial enzymes. Furthermore, increase in demand of
enzymes in packaged foods and growing demand for personal care products and
cosmetics, such as skin repair creams, toothpaste, mouthwashes, and whiteners,
is estimated to boost the market growth.
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Moreover, changing
lifestyles of consumers across developed countries, growing pharmaceutical and
food industry, technological advancement, and increase in the number of
applications, and alternative to synthetic chemicals are expected to create
opportunities for the manufacturers in the global market over the forecast
period. However, stringent government regulations in industrial production and
safety & quality concerns of products are expected to hamper the growth of
the global industrial enzymes market in the coming years. The protease segment
expected to dominate the market throughout the forecast period Based on the
type, the global industrial enzymes market has been segmented into amylases,
cellulases, proteases, lipases, phytases, and others.
The protease segment
accounted for approximately 37% of the share in the global industrial enzymes
market in 2018. Increase of protease enzymes in the food and beverage industry
in the production of a variety of sugar syrups and prebiotics is further
expected to raise segment over the forecast period. Based on the application,
the food & beverages segment is expected to grow at a CAGR of around 6.2%
throughout the forecast period Based on the application, the market has been
segmented into food & beverages, cleaning agents, animal feed, and others.
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The food &
beverages segment accounts of the largest share in the market and are expected
to grow at a CAGR of around 6.2% during the forecast period. Food enzymes
enhance the shelf life and quality of products which grows the demand for
enzymes in food & beverage applications. The manufacturers BASF SE
DowDuPont, Associated British Foods plc, Koninklijke DSM N.V., and Novozymes
A/S are the mainly investing in the development of industrial enzymes for the
food & beverages application, which expected the lead the market in the
coming years.
Based on the source,
the micro-organisms segment is expected to dominate during the forecast period Based
on the source, the market has been segmented into micro-organisms, plants, and
animals. The micro-organisms segment accounts of the largest share in the
market and held for more than 45% of the total market in 2018. The major
factors that are driving the growth of this segment are the rising demand
micro-organisms for commercial enzyme production and economic, effective, and
have a controllable enzyme content.
This expected to
enhance the dominance of the micro-organisms segment in the global market over
the forecast period. North America to dominate the industrial enzymes market
throughout the forecast period North America accounted for nearly 35% share of
the global industrial enzymes market in 2018 and is expected to dominate the
market throughout the forecast period. The rapid consumption of enzymes in
various end-user industries enhanced productivity, and better product value is
the major driving factor for the region in the global market.
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Moreover, the
increasing demand for nutritional & healthy products and diversification in
the region’s food sector are expected to enhance the market growth in the
global industrial enzymes market in future. Asia Pacific is expected to hold
the highest CAGR in the global market during the forecast period. The
manufacturers are investing in developing countries to meet the demand for
industrial enzymes.
Moreover, rapid
industrialization in countries, such as China, Korea, Thailand, Japan, and
India, are expected to enhance the market growth in the global industrial
enzymes market during the forecast.Company Profiles and Competitive
Intelligence:The major players operating in the global industrial enzymes
market are BASF SE (Germany), DowDuPont (US), Associated British Foods plc
(UK), Koninklijke DSM N.V. (Netherlands), and Novozymes A/S (Germany), Dyadic
International Inc. (US), Advanced Enzyme Technologies Ltd (India), Adisseo
(China), Chr. Hansen Holding A/S (Denmark), and Amano Enzyme Inc. (US) among
others.
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