The market for industrial enzymes is likely to showcase the CAGR of over 6.5% during the forecast period (2021-2027) to exceed the market value of $8.5 billion by 2027. The market is anticipated to be driven by ascending demand for carbohydrase and proteases in the food and beverage applications, especially in the emerging economies of Asia Pacific, such as China, India, and Japan owing to the increasing food demand in the region. For instance, in the year 2019, Japan had the highest per capita spending on food that is USD 4417.5 per person followed by followed by Australia, Canada, and France with per person spending of US$ 3,003.6, US$ 2986.9, and US$ 2983.4, respectively. The increased per capita spending of consumers on food has increased the demand on hotels, restaurants, bakeries; etc. This has positively impacted the demand for demand for enzymes in the food & beverage sector.
Furthermore, increased consumption of bakery products such as breads, pastries; etc. has been increasing the demand of enzymes in bakeries. For instance, in 2020, fresh bread and rolls were the best-selling bakery products in the United States, with sales amounting to a total of approximately 14 billion U.S. dollars. With sales in excess of nine billion U.S. dollars, the cookie was the country's second-favorite baked product.
Furthermore, rising product demand from the end-use industries, such as biofuel, home cleaning, and animal feed, is projected to fuel the industry growth over the forecast period. Bioethanol is the most used biofuel, which is an alternative to fossil fuel and is mainly produced by the hydrolysis of cellulose from lignocellulosic biomass and by the fermentation of sugars of different lignocellulosic sources. The biodegradability and reduced toxicity of bioethanol, for which biomass is used as a primary substrate as well, are its main advantages over fossil fuels. The United States is the leading producer of fuel ethanol in the world. In 2020, the U.S. produced 13.8 billion gallons of the biofuel.
Kerry Group, BASF, Novozymes, DuPont, DSM, Dyadic International, Advanced Enzymes, Chr. Hansen, Amano Enzymes, Megazyme; etc. are some of the prominent players operating in the global Industrial Enzymes market. Several M&A's along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products.
Insights Presented in the Report
"Amongst product, carbohydrases segment holds the major share"
Based on product, the global Industrial Enzymes market is segmented into carbohydrases, proteases, lipases, polymerases & nucleases, and others. The carbohydrases segment dominated the market in 2020 and is expected to maintain its dominance during the forecast period as carbohydrase is the most prominent type of enzyme used in pharmaceutical and food industries.
"Amongst application, food & beverages are anticipated to grow at the highest CAGR during the analyzed period"
Further based on application, the market is divided into food & beverages, detergents, animal feed, biofuels, textiles, pulp & paper, nutraceutical, personal care & cosmetics, wastewater, and others. In 2020, food and beverages accounted for a maximum market revenue share and is expected to remain dominant during the analyzed period owing to the application of enzymes in the food & beverage industry.
"Amongst source, microorganisms' segment is anticipated to grow at the highest CAGR during the analyzed period"
Based on source, the market is fragmented into plants, animals, and microorganisms. In 2020, microorganisms segment accounted for a maximum market revenue share and is expected to remain dominant during the analyzed period owing to their easy availability and low production cost.
"North America signifies one of the largest markets of Industrial Enzymes Market"
For a better understanding of the market dynamics of the Industrial Enzymes market, a detailed analysis was conducted for different regions across the globe including North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), Rest of World has been conducted. North America held the significant market share in 2020 owing to increasing expenditure of the population has been boosting the demand for enzymes in food beverages industry. For instance, according to a study published by the United States Department of Agriculture (USDA) in 2018, the North American population spends almost 14% of their household expenditure on food.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts
- The report presents a quick review of overall industry performance at one glance
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
- The study comprehensively covers the market across different segments
- Deep dive regional level analysis of the industry
Customization Options:
The Industrial Enzymes Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Enzymes have been widely used to facilitate industrial processes and the production of products, and these enzymes are referenced as industrial enzymes. Rising product demand from the end-use industries, such as biofuel, home cleaning, and animal feed, is projected to fuel the industry growth over the forecast period. For instance, fuel ethanol production reached 115 billion liter globally in 2019. Ethanol production in China reached 3.9 billion liter in 2019, and this level is expected to remain stable at around 4 billion liter in 2020 and output in India reached 1.9 billion liter in 2019.
Many dish detergents and hard surface cleaners already use enzymes, which can break down soils, oils, and other grime as well as boost the performance of other ingredients. Many key players in are working on utilizing in cleansing products. For instance, Enzymes, along with live microbes and advanced surfactants, are central to Unilever's $1.2 billion plan to shift to 100% biobased ingredients for its cleaning products by 2030.
Based on product, the global Industrial Enzymes market is segmented into carbohydrases, proteases, lipases, polymerases & nucleases, and others. Currently, carbohydrases dominated the market and is expected to maintain its dominance during the forecast period. This is attributed to the fact that carbohydrase is the most prominent type of enzyme used in pharmaceutical and food industries.
Based on source, the market is divided into plants, animals, and microorganisms. Microorganisms dominated the market in 2020 due to their easy availability and low production cost.
Based on application, the market is segmented into food & beverages, detergents, animal feed, biofuels, textiles, pulp & paper, nutraceutical, personal care & cosmetics, wastewater, and others. Currently food & beverages dominates the market and is expected to maintain its dominance during the analyzed period owing to the application of enzymes in the food & beverage industry.
For a better understanding of the market adoption, report provide detailed analysis for major region and countries including North America (US, Canada, Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America constitutes a major market for Industrial Enzymes on account of the development of novel and superior performing products and global industrialization.
Some of the major players operating in the market includes Kerry Group, BASF, Novozymes, DuPont, DSM , Dyadic International, Advanced Enzymes, Chr. Hansen, Amano Enzymes, Megazyme; etc.
Table of Contents
1 MARKET INTRODUCTION
1.1 Market Definitions
1.2 Objective of the Study
1.3 Limitation
1.4 Stake Holders
1.5 Currency Used in Report
1.6 Scope of the Global Industrial Enzymes Washer Market Study
2 RESEARCH METHODOLOGY OR ASSUMPTION
2.1 Research Methodology for the Global Industrial Enzymes Washer Market
2.1.1 Main Objective of the Global Industrial Enzymes Washer Market
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 TOP START-UPs UNDER INDUSTRIAL ENZYMES INDUSTRY
6 COVID-19 IMPACT
7 GLOBAL INDUSTRIAL ENZYMES MARKET REVENUE
8 MARKET INSIGHTS BY PRODUCT
8.1 Carbohydrases
8.1.1 Amylases
8.1.2 Cellulases
8.1.3 Others
8.2 Proteases
8.3 Lipases
8.4 Polymerases & Nucleases
8.5 Others
9 MARKET INSIGHTS BY SOURCE
9.1 Plants
9.2 Animals
9.3 Microorganisms
10 MARKET INSIGHTS BY SALES CHANNEL
10.1 Food & Beverages
10.2 Detergents
10.3 Animal Feed
10.4 Biofuels
10.5 Textiles
10.6 Pulp & Paper
10.7 Nutraceutical
10.8 Personal Care & Cosmetics
10.9 Wastewater
10.1 Others
11 MARKET INSIGHTS BY REGION
11.1 NORTH AMERICA WORLD INDUSTRIAL ENZYMES MARKET
11.1.1 United States
11.1.2 Canada
11.1.3 Rest of North America
11.2 EUROPE WORLD INDUSTRIAL ENZYMES MARKET
11.2.1 Germany
11.2.2 France
11.2.3 United Kingdom
11.2.4 Spain
11.2.5 Italy
11.2.6 Rest of Europe
11.3 ASIA PACIFIC WORLD INDUSTRIAL ENZYMES MARKET
11.3.1 China
11.3.2 Japan
11.3.3 India
11.3.4 Australia
11.3.5 Rest of Asia Pacific
11.4 REST OF THE WORLD INDUSTRIAL ENZYMES MARKET
12 INDUSTRIAL ENZYMES MARKET DYNAMICS
12.1 Market Drivers
12.2 Market Challenges
12.3 Impact Analysis
13 LEGAL & REGULATORY FRAMEWORK
14 DEMAND AND SUPPLY SIDE ANALYSIS
14.1 Demand Side Analysis
14.2 Supply Side Analysis
14.2.1 Top Product Launches
14.2.2 Top Business Partnerships
14.2.3 Top Merger & Acquisitions
15 VALUE CHAIN ANALYSIS
16 INDUSTRIAL ENZYMES MARKET OPPORTUNITIES
17 INDUSTRIAL ENZYMES MARKET TRENDS & INSIGHTS
18 COMPETITIVE SCENARIO
18.1 Porter's Five forces analysis
18.1.1 Bargaining power of Supplier
18.1.2 Bargaining power of Buyer
18.1.3 Industry Rivalry
18.1.4 Availability of Substitute
18.1.5 Threat of new Entrants
18.2 Competitive Landscape
18.2.1 Company Shares, By Revenue
19 COMPANY PROFILED
19.1 Kerry Group
19.1.1 Key Facts
19.1.2 Business Description
19.1.3 Key Product/Services Offerings Revenue Split
19.1.4 Growth Strategy Financial Overview of Kerry Group
19.1.5 SWOT Analysis
19.1.6 Key Financials Product Launch
19.1.6.1 Partnerships
19.1.6.2 Business Expansion and Investments
19.1.7 Recent Developments Merger and Acquisition
19.1.7.1 Product Launch
19.1.7.2 Partnerships
19.1.7.3 Business Expansion and Investments
19.1.7.4 Merger and Acquisition
19.2 BASF
19.3 Novozymes
19.4 DuPont
19.5 DSM
19.6 Dyadic International
19.7 Advanced Enzymes
19.8 Chr. Hansen
19.9 Amano Enzymes
19.1 Megazyme
20 DISCLAIMER
Kerry Group
BASF
Novozymes
DuPont
DSM
Dyadic International
Advanced Enzymes
Chr. Hansen
Amano Enzymes
Megazyme