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The Industrial Enzymes Market size is forecast to increase by USD 2,190.59 million, at a CAGR of 6.26% between 2022 and 2027. The market growth depends on several factors, including increasing demand for food enzymes, increasing demand for cosmetics and personal care products, and increased production of biofuel.
Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage.
Increasing demand for cosmetics and personal care products is a major driver boosting the growth of the market. Enzymology, an emerging area in dermatology and cosmetics, focuses on discovering enzymes to enhance skin appearance and prevent problems. Coenzymes support enzyme functions in the skin, promoting a healthy look. Enzymes in cosmetics are used for skin resurfacing, anti-aging, and addressing acne and pigmentation issues. They combat free radicals from pollution and other harmful factors. Superoxide dismutase (SOD) is a crucial protective enzyme against oxidative damage.
Proteolytic enzymes aid protein breakdown, promoting skin absorption and renewal. Other enzymes like diacylglycerol acyltransferase and lysyl/prolyl hydroxylase support skin regeneration and collagen synthesis. Enzymes also act as chemical exfoliants, revealing radiant skin. Growing demand for organic products drives the enzymatic cosmetic market's growth.
The use of enzymes for second-generation bioethanol is a key trend boosting market growth. The demand for ethanol is influenced by its applications as a chemical feedstock, octane enhancer, and petrol additive. Brazil produces ethanol from cane juice, while the US uses corn. However, using sugar or starch for ethanol production makes the process economically unfavorable compared to fossil fuels. To reduce costs and improve efficiency, the focus is shifting towards utilizing residual lignocellulosic materials.
Moreover, aligned with market trends and analysis, enzymatic conversion of plant biomass, particularly with cellulase and hemicellulase enzymes, offers a cleaner and more viable sugar stream for fermentation. To scale up lignocellulosic ethanol production, technological advancements in biomass conversion and sustainable biomass production are essential. This trend is poised to drive the growth of the market.
Safety concerns related to the use of industrial enzymes are a key challenge hindering the growth of the market. Enzymes typically present few risks to users due to their catalytic activity, but potential hazards arise from their chemical nature, including allergenicity, residual microbiological activity, activity-related toxicity, and their source. Enzymes, being proteins, can act as allergens, particularly when inhaled as dust, causing severe reactions on re-exposure.
Additionally, liquid enzyme preparations are favored over dry ones to reduce aerosol formation, but spilled enzyme powder must be promptly removed. Protease enzymes pose environmental and health risks, particularly respiratory problems. Regulatory authorities focus on potentially hazardous sources used in enzyme production. Safety concerns may challenge the market and hinder growth during the forecast period.
The market share growth of the food and beverage segment will be significant during the forecast period. Industrial enzymes are used in various food industries to provide good-quality products with increased production efficiency. They also help in providing eco-friendly products to consumers by reducing the consumption of energy, water, and raw materials, thereby generating less waste. Carbohydrase is a significant component of the market, and its involvement is expected to expose the market to significant growth owing to its extensive use in animal feed, food and beverages, textile, and pharmaceutical sectors.
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The food and beverage segment accounted for USD 2,037.02 million in 2018 and showed a gradual increase in the market till 2022. Industrial enzymes are extensively used in the food and beverage application segment for the extraction of fruit juice and vegetable juice. They are useful in breaking down pectin, found in the cell walls of plants, as a supporting substance, thereby increasing the quality of juice extracted and reducing fruit waste. Therefore, these factors are expected to augment the demand for industrial enzymes from the food and beverage application segment hence driving the growth of the market in focus during the forecast period.
Based on the source, the market is fragmented into microorganisms, animals, and plants. The microorganism segment holds the largest market share based on the source segment. The market for microbial enzymes is expanding as a result of the rising demand for industrial processes that are both economical and environmentally friendly. Additionally, developments in genetic engineering and biotechnology are producing new and improved enzymes with improved characteristics and specificity. The biggest markets for microbial enzymes are in Europe, North America, and Asia-Pacific. The rising demand for eco-friendly products and the presence of major players in these regions are attributed to the augmented demand for microorganisms in the market and drive the growth of the market during the forecast period.
APAC is estimated to contribute 38% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The feed enzymes segment is the key contributor to the growth of the market in North America and is expected to generate a high revenue due to factors such as the increased use of phytase by high dosing and increased investment in better-performing enzymes to enhance the potential of feed enzymes. Furthermore, North America is one of the largest consumers and exporters of meat products. The US accounts for a significant consumption share in the region. With the rise in meat consumption among the upper-middle class, the demand for animal feed enzymes is also expected to increase.
Companies are implementing various strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.
The market research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Amano Enzyme Inc., Associated British Foods Plc, Aumgene Biosciences, BASF SE, Chr Hansen Holding AS, Advanced Enzyme Technologies Ltd., Codexis Inc., DuPont de Nemours Inc., Enzymatic Deinking Technologies LLC, F. Hoffmann La Roche Ltd., Jiangsu Boli Bioproducts Co. Ltd., Kerry Group Plc, Koninklijke DSM NV, Merck KGaA, Nature BioScience Pvt. Ltd., Neogen Corp., Novozymes AS, Novus International Inc., The Soufflet Group, and Thermo Fisher Scientific Inc.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The Industrial Enzymes Market encompasses a broad spectrum of enzymes utilized in various industries, including the automotive, chemical, cosmetic, pharmaceutical, and food and beverage sectors. Key enzymes include hydrolases such as esterases, lipases, and proteases, which facilitate processes like transesterification, hydrolysis, and degradation of proteins and polysaccharides.
In the food and beverage sector, industrial enzymes play a crucial role in applications like brewing and baking processes. For instance, malt and grain are hydrolyzed using amylases and proteases to produce beer and bread, respectively. Additionally, enzymes like papain and bromelain are employed in the production of functional foods, such as custard and soy sauce, and in the dairy industry for the production of cheese and the creation of enteric coatings for improved product quality and shelf life.
The pharmaceutical industry leverages industrial enzymes for the synthesis of active pharmaceutical ingredients and the production of vaccines. Enzymes like nucleic acid polymerases and proteases are used in the production of nucleotides and protein subunits for therapeutic applications.
Moreover, industrial enzymes are employed in the textiles, cleaning products, and biodiesel industries for processes like textile finishing, detergent production, and biodiesel production. The market for industrial enzymes is driven by factors such as increasing consumer awareness of health and nutrition, the need for sustainable production processes, and the growing demand for functional foods and biofuels.
The global consumption of industrial enzymes is projected to grow significantly in the future, with key applications in the food and beverage, pharmaceutical, and biodiesel industries. The market is expected to be influenced by factors such as population growth, increasing productivity, and the development of new enzyme technologies.
The market analysis and report forecasts the market growth and forecasting by revenue at global, regional & country levels and provides an analysis of the latest market growth and trends opportunities from 2017 to 2027.
Industrial Enzymes Market Scope |
|
Report Coverage |
Details |
Page number |
182 |
Base year |
2022 |
Historic period |
2017-2021 |
Market forecasting period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.26% |
Market growth 2023-2027 |
USD 2,190.59 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
5.48 |
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 38% |
Key countries |
US, China, India, Germany, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Amano Enzyme Inc., Associated British Foods Plc, Aumgene Biosciences, BASF SE, Chr Hansen Holding AS, Advanced Enzyme Technologies Ltd., Codexis Inc., DuPont de Nemours Inc., Enzymatic Deinking Technologies LLC, F. Hoffmann La Roche Ltd., Jiangsu Boli Bioproducts Co. Ltd., Kerry Group Plc, Koninklijke DSM NV, Merck KGaA, Nature BioScience Pvt. Ltd., Neogen Corp., Novozymes AS, Novus International Inc., The Soufflet Group, and Thermo Fisher Scientific Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview |
If our market growth analysis report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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