Product Code: RP-ID-10347500 |
Published Date: 21 Oct 2022 |
Region: NA |
Category: Industrial Automation & Equipment |
Report ID: 10347500
Market Overview:
Global Industrial Enzymes Market Size study, by Product (Carbohydrases, Proteases Lipases, Polymerases & Nucleases and Others), Source (Plants, Animals and Micro-organisms), Application (Food & Beverages, Detergents, Animal Feed, Biofuels, Textiles, Pulp & Paper, Nutraceutical, Personal Care & Cosmetics, Wastewater and Others) and Regional Forecasts 2020-2027
Global Industrial Enzymes Market is valued approximately USD 5.6 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 6.4% over the forecast period 2020-2027. Industrial Enzymes are extracted from plant tissue, animal tissue and microorganism. These are largely produced by fermentation process. Generally used by animal feed, cosmetics, food and other industries and help those industries in improving their production efficiency and making environment friendly products. The increasing demand in food and beverages industry and biofuel industry due to depletion in fossil fuels are expected to drive the demand for industrial enzymes. For Instance: in 2019, food and beverages industry led the market with over 22 % share of global revenue followed by detergent application. Also, companies are increasing their investment in innovation and technologies which is expected to introduce new product in the market. Like in 2021, Novozymes A/S and Univar Solutions Inc., expanded their partnership into the U.S. and Canadian beverages, industrial cleaning and homecare market, by this partnership they will use next-generation biological solutions through leading enzymes and microbial innovations in place of traditional chemicals to capitalize on consumer demand. However, owing to market saturation demand in detergent application is expected to witness sluggish growth which impedes the growth of the market over the forecast period of 2020-2027. Also, with the increasing demand from animal feed and nutraceutical industries is likely to increase the market growth during the forecast period.
The regional analysis of global Industrial Enzymes market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading/significant region across the world in terms of market share owing to presence of major cosmetics and pharmaceutical companies. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rapid expansion of processing industries and supporting regulation promoting the expansion of manufacturing industries would create lucrative growth prospects for the Industrial Enzymes market across Asia-Pacific region.
Major market player included in this report are:
BASF SE
DuPont Danisco
Novus International
Associated British Foods plc
Chr. Hansen Holding A/S
Advanced Enzyme Technologies
Enzyme Development Corporation
Novozymes A/S
DSM N.V.
Lesaffre Group
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Carbohydrases
Proteases
Lipases
Polymerases & Nucleases
Others
By Source:
Plants
Animals
Micro-organisms
By Application:
Food & Beverages
Detergents
Animal Feed
Biofuels
Textiles
Pulp & Paper
Nutraceutical
Personal Care & Cosmetics
Wastewater
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Industrial Enzymes Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
DuPont Danisco
Novus International
Associated British Foods plc
Chr. Hansen Holding A/S
Advanced Enzyme Technologies
Enzyme Development Corporation
Novozymes A/S
DSM N.V.
Lesaffre Group
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