Industrial Enzymes Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR44390
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The industrial enzymes market has the potential to grow by USD 1.94 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 5.81%.

This industrial enzymes market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (food and beverage, detergents, animal feed, bio fuel, and others) and geography (North America, APAC, Europe, South America, and MEA). The industrial enzymes market report also offers information on several market vendors, including Amano Enzyme Inc., Associated British Foods Plc, Aumgene Biosciences, BASF SE, Chr. Hansen Holding AS, Codexis Inc., F. Hoffmann-La Roche Ltd., Koninklijke DSM NV, Novozymes AS, and Thermo Fisher Scientific Inc. among others.

What will the Industrial Enzymes Market Size be in 2021?

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Industrial Enzymes Market: Key Drivers and Trends

The increasing demand for food enzymes is notably driving the industrial enzymes market growth, although factors such as complex production process may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the industrial enzymes industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • One of the key factors driving growth in the industrial enzymes market is the increasing demand for food enzymes.
  • The demand for processed and packaged food products has been rising with the necessity to provide food security and safety.
  • The awareness of consumers regarding the health and nutritional benefits of food enzymes has resulted in the growing adoption of food enzymes across numerous food applications.
  • The increasing penetration of organized retail in urban and rural areas drives the global demand for industrial enzymes in the food industry.
  • The increasing demand for cosmetics and personal care products is another key factor supporting the industrial enzymes market share growth.
  • The discovery of enzymes that can help in improving the appearance of the skin and prevent skin problems has increased the use of enzymes in the cosmetics and personal care sector.
  • The use of coenzymes in cosmetics promotes the efficient function of the enzymes in the skin to maintain a healthy appearance
  • The shift in the global preference of consumers toward the use of organic products replacing synthetic products is further driving the product demand.

This industrial enzymes market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Industrial Enzymes Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Amano Enzyme Inc.
  • Associated British Foods Plc
  • Aumgene Biosciences
  • BASF SE
  • Chr. Hansen Holding AS
  • Codexis Inc.
  • F. Hoffmann-La Roche Ltd.
  • Koninklijke DSM NV
  • Novozymes AS
  • Thermo Fisher Scientific Inc.

 

This statistical study of the industrial enzymes market encompasses successful business strategies deployed by the key vendors. The industrial enzymes market is fragmented and the vendors are deploying growth strategies such as collaborating with other companies to innovate and develop high-performing products to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The industrial enzymes market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Industrial Enzymes Market?

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34% of the market’s growth will originate from North America during the forecast period. The US is the key market for the industrial enzymes market in North America. Market growth in this region will be faster than the growth of the market in the European and MEA regions.

This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Application Segments in the Industrial Enzymes Market?

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The industrial enzymes market share growth by the food and beverages segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the industrial enzymes market size and actionable market insights on post COVID-19 impact on each segment.

 

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What are the Key Factors Covered in this Industrial Enzymes Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive industrial enzymes market growth during the next five years
  • Precise estimation of the industrial enzymes market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the industrial enzymes industry across North America, APAC, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of industrial enzymes market vendors

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Industrial Enzymes Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5.81%

Market growth 2021-2025

$ 1.94 billion

Market structure

Fragmented

YoY growth (%)

5.45

Regional analysis

North America, APAC, Europe, South America, and MEA

Performing market contribution

North America at 34%

Key consumer countries

US, China, Germany, India, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Amano Enzyme Inc., Associated British Foods Plc, Aumgene Biosciences, BASF SE, Chr. Hansen Holding AS, Codexis Inc., F. Hoffmann-La Roche Ltd., Koninklijke DSM NV, Novozymes AS, 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 future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our 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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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The industrial enzymes market growth will increase by $1483.53 million during 2019-2024.
The industrial enzymes market is expected to grow at a CAGR of 4.58% during 2019-2024.
Technavio has segmented the industrial enzymes market by application (Food and beverage, Detergents, Animal feed, Biofuel, and Others) and geographic (North America, APAC, Europe, South America, and MEA).
Amano Enzyme Inc., Associated British Foods Plc, Aumgene Biosciences, BASF SE, Chr. Hansen Holding A/S, Codexis Inc., F. Hoffmann-La Roche Ltd., Koninklijke DSM NV, Novozymes AS, Thermo Fisher Scientific Inc. are a few of the key vendors in the industrial enzymes market.
APAC will register the highest growth rate of 49.35% among the other regions. Therefore, the industrial enzymes market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the industrial enzymes market growth are:
  • Increasing demand for food enzymes
  • Recent advances in enzyme technology
The industrial enzymes market vendors should focus on grabbing business opportunities from the food and beverage segment as it accounted for the largest market share in the base year.
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