Industrial Enzymes Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Type (Carbohydrases, Proteases, Lipases, Phytases, Others), By Source (Microbes, Plants, Animals), By Application (Food & Beverages, Nutraceuticals & Pharmaceuticals, Animal Feed, Others), By Region, and Competition
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationIndustrial Enzymes Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Type (Carbohydrases, Proteases, Lipases, Phytases, Others), By Source (Microbes, Plants, Animals), By Application (Food & Beverages, Nutraceuticals & Pharmaceuticals, Animal Feed, Others), By Region, and Competition
Growing demand for carbohydrase and proteases in food and beverage applications, notably in Asia Pacific's emerging economies like China, India, and Japan, is anticipated to fuel the market. Furthermore, development in industrialized economies can be linked to increased manufacturing and advancements in the nutraceutical industry. Such elements have greatly increased product demand in recent years.
The demand for industrial enzymes is anticipated to grow in the nutraceutical and animal feed sectors, driving the industry forward. Additionally, as consumer knowledge of health issues rises, so does the desire for functional foods, which will increase product demand in the years to come. One of the concerns facing by the industry is the high sensitivity of enzymes to temperature and pH, as well as item handling security issues. These elements are anticipated to have an immediate effect on market expansion. Key firms are anticipated to gain from the rising use of their products in numerous end-user industries, including food and beverage, animal feed, biofuels, and diagnostics. The global focus on reducing greenhouse gas emissions and dependence on fossil fuels has led to a rise in demand for biofuels.
Demands for higher-quality products with more natural flavors and tastes are rising. This tendency has created a surge in the demand for flavored and palatable processed foods based on commercial enzyme usage. Industrial enzymes break down vitamins and minerals and transform complicated chemicals into simpler molecules in order to serve as catalysts in metabolic reactions. These characteristics are predicted to drive market expansion of the Global Industrial Enzymes Market in the upcoming years.
Increasing Use in Food and Beverage Sector
To improve product quality and shelf life, industrial enzymes are extensively utilized in the food and beverage industry. They are used in the production of dairy, starch, and sugar products that people frequently consume in big numbers, as well as in the brewing and baking operations in the food and beverage industry also utilize different types of industrial enzymes for mass production. They are used in baking applications to give specific properties for dough or flour. When used in bread, they improve or standardize its quality and provide uniform browning. They also assist in lowering the protein level of flour in biscuits and crackers.
The United Nations Department of Economic and Social Affairs (UN DESA) predicts that the world's population will surpass 9.8 billion by 2050 and may approach 11.2 billion by 2100.
StatCan in Canada reported that the retail sales of food and beverages in 2021 were USD 114.60 billion. The sale of retail food and beverage in the United States climbed dramatically from USD 850.2 billion in 2020 to USD 880.3 billion in 2021, according to a data released by the US Census Bureau.
Advancements in Biotechnology and Enzyme Engineering
Ongoing advancements in biotechnology, genetic engineering, and enzyme engineering techniques have expanded the range of industrial enzymes availability. These advancements have allowed for the development of enzymes with enhanced properties, such as improved stability, higher activity, and broader substrate specificity, making them more effective and efficient in various industrial applications.
Governments worldwide are implementing regulations and policies to promote sustainable manufacturing practices and reduce environmental impact. Industrial enzymes are considered environmentally friendly, as they enable energy savings, waste reduction, and lower greenhouse gas emissions. Regulatory support and sustainability initiatives encourage the adoption of industrial enzymes in industries as part of their efforts to achieve sustainability goals. Companies are investing in research and development to develop new enzyme products and improve existing ones. This focus on innovation leads to the discovery of novel enzymes and the development of customized enzyme solutions for specific industrial applications. Research collaborations between academic institutions, industry players, and biotechnology companies further drive advancements in the field of global industrial enzymes market.
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Rising Dairy Product Consumption
According to an article, the majority of dairy products are manufactured with cow's milk in terms of production. With 59.5 million cow, India tops the list of countries having the highest count of cows but the European Union is the world’s largest producer of cow milk, followed by the United States and then India. Although milk consumption in East Asian nations has not been widespread for a long time, China has recently raised its domestic milk production volume by nine million in the past 10 years. With increasing demand of milk based products, the demand for industrial enzymes to enhance the production of dairy products is also increasing.
For neonates who have a milk allergy, casein hydrolysates are recommended for producing foods with milk proteins. Similarly, lipolysis has a considerable impact on Swiss cheese flavor. To accommodate customer preferences and address issues relating to their health and wellness, businesses are continuously looking into new and improved ingredients.
High-quality products can be produced with the help of enzymes, which also increase yields and lessen undesirable byproducts. For instance, cotton that has been enzyme-treated does not get fluffy and keeps its appearance for a longer period of time.
Changing consumer preferences towards healthier and more natural products have led to an increased demand for enzyme-based solutions in industries.
Recent Developments
In December 2022, Danish producer of agricultural, medicinal, and food chemicals Chr. Hansen and Novozymes announced their merger. Novozymes is making this transaction as a tactical move to increase its market share.
In August 2022, BASF sold the BASF Nutrilife baking enzymes business sector to the enzyme company Lallemand Inc. The product line of Lallemand is distinctive and includes platforms for yeast and bacterial technology.
In order to support production procedures in the biopharmaceutical business, Novozymes and Novo Nordisk Pharmatech partnered in November 2021 on the development of best-in-class technical enzymes. The procedures in the market for regenerative medicines will be scaled up by Novozymes with the aid of this collaboration.
Zymvol has secured €1.3 million to speed the discovery and development of novel industrial enzymes using computer simulations in order to promote the enhanced and sustainable use of these building (or breakdown) proteins.
Developing countries with expanding industrial sectors, such as China, India, Brazil, and Southeast Asian nations, are witnessing rapid growth in demand for industrial enzymes. Factors like urbanization, changing dietary habits, and increasing disposable income contribute to the increased consumption of enzyme-dependent products in these regions. Moreover, ongoing research and development efforts have led to the discovery of new enzymes and improved enzyme formulations. This has expanded the scope of enzyme applications, and created new opportunities and driving demand across various industries. Enzymes have numerous applications in the pharmaceutical and biotechnology industries as well, they are used in drug synthesis, drug discovery, diagnostics, and therapeutic interventions. Enzymes are employed as biocatalysts in the production of pharmaceutical intermediates and APIs, and they enable targeted drug delivery and enzyme replacement therapies. Enzymes are essential in the early stages of drug discovery for identifying and characterizing potential drug targets which is increasing the demand of industrial enzymes globally.
Market Segmentation
The global industrial enzymes market is segmented by type, source, application,
Market Players
BASF SE, Novozymes A/S, Danisco A/S, Novus International, Inc., Associated British Foods Plc, Chr. Hansen Holding A/S, Lesaffre SA, Bluestar Adisseo Co., Kerry Group PLC, Enzyme Development Corporation are among the major market players operating in the Global Industrial Enzymes Market.
| Attribute | Details |
| Base Year | 2022 |
| Historical Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028 |
| Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | · By Type · By Source · By Application |
| Regional scope | North America; Europe; Asia Pacific; South America; Middle East & Africa |
| Country scope | United States, Canada, Mexico, France, United Kingdom, Italy, Germany, Spain, China, India, Japan, Australia, South Korea, Brazil, Argentina, Colombia, South Africa, Saudi Arabia, UAE, Kuwait, Turkey, Egypt |
| Key companies profiled | BASF SE, Novozymes A/S, Danisco A/S, Novus International, Inc., Associated British Foods Plc, Chr. Hansen Holding A/S, Lesaffre SA, Bluestar Adisseo Co., Kerry Group PLC, Enzyme Development Corporation |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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