Industrial Enzymes Market

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Industrial Enzymes Market by Type (Carbohydrases, Proteases, Lipases, Polymerases & Nucleases), Application (Food & Beverages, Bioethanol, Feed, Detergents, Wastewater, Soil, and Oil Treatment), Source, Formulation and Region - Global Forecast to 2028

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Report Code: FB 2277 Jun, 2023, by marketsandmarkets.com

According to MarketsandMarkets, the Industrial Enzymes Market size is projected to reach USD 11.2 billion by 2029 from USD 7.9 billion in 2024, at a CAGR of 7.2% during the forecast. The industrial enzymes market growth is driven primarily by rising demand from different manufacturing sectors, like food and beverages, biofuel, etc. Enzymes are the most sustainable alternatives to conventional chemical processes. Advances in biotechnology and protein engineering has greatly expanded applications and made industrial enzymes more effective. Enzyme applications are promoted by governmental support and strict environmental legislation. For example, the U.S. Toxic Substances Control Act and the Canadian Environmental Protection Act, stimulate the use of eco-friendly enzyme technologies. Additionally, with this increased orientation towards clean labels and organic foods in the world, there is a growing trend in the use of enzymes since they comply with the latter requirements, meaning natural and sustainable ingredients. This is anticipated to increase the industrial enzymes market value.

Industrial Enzymes Market

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Industrial Enzymes Market Opportunities

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Market Dynamics

Driver: Switch toward renewable sources of energy to lead to increased consumption of bioethanol

A rise in demand for renewable energy, mainly bioethanol, drives the market for industrial enzymes. This is coupled with environmental concerns and a vision to minimize emissions of greenhouse gases. Overexploitation of resources and air pollution have heightened the focus towards sustainable alternatives. Bioethanol, produced by enzymatic hydrolysis, is a much cleaner alternative compared to traditional fuels like gasoline. On the other hand, the production of bioethanol involves enzymes such as amylases, cellulases, lipases, and proteases; therefore, growth in this sector is bound to benefit the industrial enzymes market. Added to this is a move toward renewable energy, also covered by government initiatives and policies that have very ambitious goals regarding clean energy, hence powering the industrial enzymes market.

Restraint: Actions of enzymes restricted to various external factors

The major problem related to the industrial enzymes market is that the sensitivity of enzymes to the environmental conditions may be pretty high. Temperature changes, extreme pH values, high salt, radiation, natural solvents, and usage of organic solvents may lead to a reduction in enzyme activity or in its denaturation. The exposure of enzymes to oxygen during aerobic processes can also lead to oxidation, and heavy metals may cause functional inhibition because of direct binding in the active sites, such as lead and mercury. Although there are attempts to design enzymes that work under wider conditions, environmental factors still make up one of the main limitations that restrict the general application of enzymes in manufacturing processes for food and beverages and affect their overall effectiveness and stability.

Opportunity: Innovations in technologies and wide industry scope

The industrial enzymes market holds immense potential for huge growth with new technological innovations. Bioprocessing advances let it produce enzymes from a wide array of feedstocks for improved sustainability. Genomics and metagenomics enable the discovery of new enzymes for specific industrial applications to degradation lignocellulosic biomass. Meanwhile, automation and artificial intelligence increase efficiency and precision in producing enzymes through fermentation processes and the optimization of enzyme formulations. Industrial enzymes players like DSM also contribute to this growth by innovations in low-glycerol yeast technology to produce bioethanol to reduce the environmental problems caused by conventional fuels.

Challenge: High costs of raw materials limiting enzymes usage

One of the major challenges faced by the industrial enzymes market companies is the high cost of raw materials, and nutrient-rich media required for microbial fermentation. Such costs are prone to fluctuations depending on demand and supply, making the enzyme a bit expensive to produce. On the other side, downstream processing, purification, and formulation raise costs, thus hindering the diffusion of enzymes in cost-sensitive applications like commodity markets and low-margin industries. This becomes particularly daunting in developing countries, where high enzyme costs are out of the reach of SMEs, thus limiting further market penetration and use.

INDUSTRIAL ENZYMES MARKET ECOSYSTEM

Key players within this market consist of reputable and financially robust industrial enzymes manufacturers. These entities boast extensive industry tenure, offering diversified product portfolios, cutting-edge technologies, and robust global sales and marketing networks. Prominent companies in this market are BASF (Germany), Novozymes (Denmark), DuPont (US), DSM (Netherlands), Associated British Foods plc (UK), Kerry Group plc (Ireland), Advanced Enzyme Technologies (India), Chr. Hansen Holding A/S (Denmark), Amano Enzyme Inc. (Japan) and Megazyme Ltd. (Ireland).

Top Companies in Industrial Enzymes Market

Food & Beverages application of industrial enzymes is estimated to dominate market share during the forecast period.

One of the major factors behind the rapid growth of the industrial enzymes market in the food and beverage industry is the growing demand from customers for natural, sustainable, and healthier food products. Since they can retain natural features and at the same time offer higher efficiency during food processing, enzymes become attractive to health-conscious consumers. They also play a very key role in the formulation of new products, such as plant-based, lactose-free, and gluten-free, which continue to surge in popularity as eating habits change. The ability of enzymes to enhance texture, flavour, and shelf life adds another element that gives them impetus in demand. As the food business becomes more innovative, the value of enzymes grows, and their exponential growth in the industry gains momentum.

In the type segment, carbohydrases segment is estimated to dominate market share during the forecast period

High growth in carbohydrases segment of industrial enzymes can be accredited by several key factors. An increased demand for processed foods, where most of them need improvement in texture, flavour, and shelf life, fuelling the demand of carbohydrases enzymes. These enzymes help in the breakdown of the complex carbohydrates into simple sugars and therefore play a very vital role in the industries of baking, brewing, and production of biofuels. Also, the demand for healthier formulations is driving the carbohydrases market as it reduces sugar content in the food products. Carbohydrases hydrolyse starches to sugars, which facilitates the manufacturer to produce less caloric sweeteners. Furthermore, because of the need for renewable energy sources, biofuel production is on the rise, which, in turn, fuels the demand for carbohydrases. These enzymes are key to the conversion of biomass to fermentable sugars.

The industrial enzymes market in the Asia Pacific region is expected to grow at the highest CAGR during the forecast period.

The growth in the industrial enzyme market in the Asia-Pacific region has been rapid because of the expanding food and beverage industries, which make use of enzymes to improve the quality and shelf life of products. An increasing interest in biofuels due to governmental initiatives helps augment the usage of enzymes in the production of bioethanol. Another end-use application, the textile industry, is growing rapidly in this region, and this eco-friendly application from enzymes adds to the demand. Agricultural improvements, especially pertaining to sustainable farming, further add to the adoption of enzymes.

Industrial Enzymes Market Size, and Share

Key Market Players

The key players in the industrial enzymes market include BASF (Germany), Novozymes (Denmark), DuPont (US), DSM (Netherlands), Associated British Foods plc (UK), Kerry Group plc (Ireland), Advanced Enzyme Technologies (India), Chr. Hansen Holding A/S (Denmark), Amano Enzyme Inc. (Japan) and Megazyme Ltd. (Ireland). These market participants are emphasizing the expansion of their footprint via agreements and partnerships. They maintain a robust presence in North America, Asia Pacific, South America, RoW, and Europe, and they are supported by manufacturing facilities and well-established distribution networks spanning these regions.

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Scope of the Report

Report Metric

Details

Market size estimation

2024–2029

Base year considered

2023

Forecast period considered

2024–2029

Units considered

Value (USD)

Segments Covered

By Type, Application, Source, Formulation, and Region

Regions covered

North America, Europe, South America, Asia Pacific, and RoW

Companies covered
  • BASF (Germany)
  • DuPont (US)
  • Associated British Foods plc (UK)
  • DSM (Netherlands)
  • Novozymes (Denmark)
  • Kerry Group plc (Ireland)
  • Advanced Enzymes Technologies (India)
  • Chr. Hansen Holding A/S (Denmark)
  • Amano Enzyme Inc. (Japan)
  • Megazyme Ltd. (Ireland)
  • Biocatalysts (UK)
  • Aumgene Biosciences Pvt. Ltd. (India)
  • Enzyme Supplies Limited (UK)
  • Creative Enzyme (US)
  • Enzyme Solutions (US)
  • Enzymatic Deinking Technologies, LLC. (US)
  • Sunson Industry Group (China)
  • MetGen (Finland)
  • DENYKEM (UK)
  • Tex Biosciences (P) Ltd. (India)

Target Audience

  • Industrial enzymes traders, retailers, and distributors.
  • Industrial enzymes manufacturers & suppliers.
  • Related government authorities, commercial research & development (R&D) institutions. 
  • Regulatory bodies, including government agencies and NGOs.
  • Commercial research & development (R&D) institutions and financial institutions.
  • Government and research organizations.
  • Venture capitalists and investors.   
  • Technology providers to industrial enzymes companies.
  • Associations and industry bodies.   

Industrial enzymes Market:

By Type

  • Carbohydrases
  • Proteases
  • Lipases
  • Polymerases & Nucleases
  • Other Types

By Source

  • Microorganism
  • Plant
  • Animal

By Application

  • Food & Beverages
  • Detergents
  • Feed
  • Bioethanol
  • Soil Treatment
  • Paper & Pulp
  • Textiles & Leather
  • Wastewater Treatment
  • Oil Treatment
  • Other Applications

By Formulation

  • Lyophilized Powder
  • Liquid
  • Dry

By Region:

  • North America
  • Europe
  • Asia Pacific
  • South America
  • Rest of the World (RoW)

Recent Developments

  • In January 2023, BASF (Germany) and Cargill (US) extended the existing cooperation to the production and marketing of feed enzymes in the US. The two enterprises have been working on innovative enzyme-based solutions at present, adding value to animal feed customers. Partners will establish an innovation pipeline for animal protein producers by combining the competencies of BASF in enzyme research and development and that of Cargill in application and broad market presence.
  • In November 2022, Novozymes (Denmark) introduced Frontia Prime, a next-generation corn separation enzyme. Manufacturers of maize starch and sweeteners will be able to increase their yields, reduce energy consumption, and lower CO2 emissions with this new enzymatic solution.
  • In May 2022, the global taste and nutrition leader, Kerry Group plc. (Ireland), has officially opened the single largest and most advanced flavor manufacturing facility on the African continent. This new USD 41.1 million investment will supply sustainable nutrition products throughout Africa from KwaZulu-Natal, South Africa. This project has been identified as a crucial strategic investment in the KwaZulu Natal region and South Africa's food manufacturing sector. It has been selected as one of the Presidential investment drive components for sustainable, fair, and comprehensive growth to be the cornerstone of socio-economic transformation in the nation.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 43)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 STUDY SCOPE 
           FIGURE 1 MARKET SEGMENTATION
           1.3.1 REGIONS COVERED
                    FIGURE 2 REGIONAL SEGMENTATION
    1.4 YEARS CONSIDERED 
           FIGURE 3 YEARS CONSIDERED
    1.5 CURRENCY CONSIDERED 
           TABLE 1 USD EXCHANGE RATES CONSIDERED, 2019–2022
    1.6 UNITS CONSIDERED 
    1.7 STAKEHOLDERS 
    1.8 SUMMARY OF CHANGES 
           1.8.1 RECESSION IMPACT
 
2 RESEARCH METHODOLOGY (Page No. - 48)
    2.1 RESEARCH DATA 
           FIGURE 4 INDUSTRIAL ENZYMES MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Key industry insights
                    2.1.2.3 Breakdown of primary interviews
                               FIGURE 5 BREAKDOWN OF PRIMARY INTERVIEWS: BY VALUE CHAIN, DESIGNATION, AND REGION
    2.2 FACTOR ANALYSIS 
           2.2.1 INTRODUCTION
           2.2.2 DEMAND-SIDE ANALYSIS
                    FIGURE 6 KEY ECONOMIES BASED ON GROSS DOMESTIC PRODUCT, 2019–2021 (USD TRILLION)
           2.2.3 SUPPLY-SIDE ANALYSIS
                    FIGURE 7 MARKET SIZE ESTIMATION: SUPPLY-SIDE ANALYSIS
    2.3 MARKET SIZE ESTIMATION 
           2.3.1 APPROACH ONE, BASED ON APPLICATION, BY REGION
           2.3.2 APPROACH TWO, BASED ON GLOBAL MARKET
    2.4 DATA TRIANGULATION 
           FIGURE 8 MARKET: DATA TRIANGULATION AND MARKET BREAKDOWN
    2.5 RESEARCH ASSUMPTIONS 
    2.6 RESEARCH LIMITATIONS 
    2.7 RECESSION IMPACT ANALYSIS 
           2.7.1 MACRO INDICATORS OF RECESSION
                    FIGURE 9 RECESSION INDICATORS
                    FIGURE 10 WORLD INFLATION RATE: 2011–2021
                    FIGURE 11 GLOBAL GROSS DOMESTIC PRODUCT: 2011–2021 (USD TRILLION)
                    FIGURE 12 RECESSION INDICATORS AND THEIR IMPACT ON MARKET
                    FIGURE 13 GLOBAL INDUSTRIAL ENZYMES MARKET: CURRENT FORECAST VS. RECESSION FORECAST
 
3 EXECUTIVE SUMMARY (Page No. - 64)
    TABLE 2 MARKET SNAPSHOT, 2023 VS. 2028 
    FIGURE 14 MARKET SNAPSHOT, BY TYPE, 2023 VS. 2028 (USD MILLION) 
    FIGURE 15 MARKET SNAPSHOT, BY TYPE, 2023 VS. 2028 (TONS) 
    FIGURE 16 MARKET SNAPSHOT, BY APPLICATION, 2023 VS. 2028 (USD MILLION) 
    FIGURE 17 MARKET SNAPSHOT, BY SOURCE, 2023 VS. 2028 (USD MILLION) 
    FIGURE 18 MARKET SHARE & GROWTH RATE, BY REGION 
 
4 PREMIUM INSIGHTS (Page No. - 70)
    4.1 ATTRACTIVE OPPORTUNITIES IN MARKET 
           FIGURE 19 RISE IN DEMAND FOR CLEAN-LABEL AND CONVENIENCE FOODS TO DRIVE GROWTH OF MARKET
    4.2 MARKET: MARKET SHARE OF MAJOR REGIONAL SUBMARKETS 
           FIGURE 20 US TO HAVE LARGESTI NDUSTRIAL ENZYMES MARKET SHARE DURING FORECAST PERIOD
    4.3 ASIA PACIFIC: MARKET, BY KEY TYPE & COUNTRY 
           FIGURE 21 CARBOHYDRASES SEGMENT AND CHINA TO ACCOUNT FOR LARGEST SHARES IN ASIA PACIFIC MARKET IN 2023
    4.4 MARKET, BY TYPE 
           FIGURE 22 CARBOHYDRASES SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD (USD MILLION)
    4.5 MARKET, BY APPLICATION 
           FIGURE 23 FOOD & BEVERAGES SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
    4.6 MARKET, BY SOURCE 
           FIGURE 24 MICROORGANISM SEGMENT TO DOMINATE INDUSTRIAL ENZYMES MARKET TRENDS DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 76)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 25 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Switch toward renewable sources of energy to lead to increased consumption of bioethanol
                               FIGURE 26 BIOETHANOL PRODUCTION WORLDWIDE
                    5.2.1.2 R&D activities to help meet rising demand for enzyme applications
                    5.2.1.3 Advancements in enzyme engineering and green chemistry and introduction of genetically engineered enzymes
                    5.2.1.4 Use of enzymes in various industries
                               TABLE 3 APPLICATIONS AND BENEFITS OF ENZYMES
           5.2.2 RESTRAINTS
                    5.2.2.1 Actions of enzymes restricted to various external factors
                    5.2.2.2 Stringent regulatory guidelines for manufacturers
                    5.2.2.3 High costs incurred by SMEs who adapt to new technologies
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Demand for natural substitutes of synthetic chemicals
                    5.2.3.2 Innovations in technologies and wide industry scope
                    5.2.3.3 Innovative technological platforms
                    5.2.3.4 Development of enzymes with longer shelf life
                               5.2.3.4.1 Encapsulation to enhance shelf life
           5.2.4 CHALLENGES
                    5.2.4.1 High costs of raw materials limiting enzymes usage
                    5.2.4.2 Concerns over enzymes quality used in food & beverages and feed industries
                    5.2.4.3 Lack of transparency in patent protection laws
 
6 INDUSTRY TRENDS (Page No. - 89)
    6.1 INTRODUCTION 
    6.2 VALUE CHAIN ANALYSIS 
           FIGURE 27 INDUSTRIAL ENZYMES MARKET: VALUE CHAIN ANALYSIS
           6.2.1 RESEARCH AND PRODUCT DEVELOPMENT
           6.2.2 RAW MATERIAL SOURCING
           6.2.3 PRODUCTION AND PROCESSING
           6.2.4 DISTRIBUTION
           6.2.5 MARKETING AND SALES
    6.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 
           FIGURE 28 REVENUE SHIFT FOR MARKET
    6.4 TARIFF AND REGULATORY LANDSCAPE 
           TABLE 4 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           TABLE 5 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           TABLE 6 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           TABLE 7 SOUTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           TABLE 8 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    6.5 REGULATORY FRAMEWORK 
           6.5.1 NORTH AMERICA
                    6.5.1.1 US
                               TABLE 9 ENZYME PREPARATIONS APPROVED-FOOD ADDITIVES LISTED IN 21 CFR 173
                               TABLE 10 ENZYME PREPARATIONS SPECIFIED IN FOOD STANDARDS
                               TABLE 11 ENZYME PREPARATIONS AFFIRMED AS GRAS LISTED IN 21 CFR 184
                    6.5.1.2 Canada
                    6.5.1.3 Mexico
           6.5.2 EUROPE
                    TABLE 12 LIST OF PERMITTED ENZYMES IN EUROPE
                    6.5.2.1 EU legislation relevant to food enzymes
           6.5.3 ASIA PACIFIC
                    6.5.3.1 India
                    6.5.3.2 China
                    6.5.3.3 Australia& New Zealand
                    6.5.3.4 Japan
    6.6 PATENT ANALYSIS 
           FIGURE 29 NUMBER OF PATENTS GRANTED FOR INDUSTRIAL ENZYMES IN GLOBAL MARKET, 2013–2022
           FIGURE 30 REGIONAL ANALYSIS OF PATENTS GRANTED IN MARKET
           TABLE 13 LIST OF MAJOR PATENTS PERTAINING TO MARKET, 2013–2022
    6.7 TRADE ANALYSIS 
           FIGURE 31 IMPORT VALUE OF ENZYMES FOR KEY COUNTRIES, 2018–2022
           TABLE 14 IMPORT VALUE OF ENZYMES FOR KEY COUNTRIES, 2021 (USD THOUSAND)
           FIGURE 32 EXPORT VALUE OF ENZYMES FOR KEY COUNTRIES, 2018–2022
           TABLE 15 EXPORT VALUE OF ENZYMES FOR KEY COUNTRIES, 2021 (USD THOUSAND)
    6.8 PRICING ANALYSIS 
           6.8.1 AVERAGE SELLING PRICE TREND ANALYSIS
                    TABLE 16 INDUSTRIAL ENZYMES INDUSTRY: AVERAGE SELLING PRICE, BY TYPE, 2019–2023 (USD MILLION PER KILOTON)
                    TABLE 17 MARKET: AVERAGE SELLING PRICE, BY REGION, 2019–2023 (USD MILLION PER KILOTON)
    6.9 INDUSTRIAL ENZYMES MARKET: ECOSYSTEM/MARKET MAP 
           6.9.1 DEMAND SIDE
           6.9.2 SUPPLY SIDE
                    FIGURE 33 INDUSTRIAL ENZYMES: MARKET MAP
                    TABLE 18 MARKET: ECOSYSTEM
    6.10 TECHNOLOGY ANALYSIS 
           6.10.1 ARTIFICIAL INTELLIGENCE IN ENZYMES DESIGN
           6.10.2 FOOD ENZYMES AND ENCAPSULATION
    6.11 CASE STUDIES 
           6.11.1 HEALTH COMPANY LAUNCHED NEW ENZYME TO AID BREWERS IN ADJUNCT BREWING
           6.11.2 COMPANY LAUNCHED NEW ENZYME FOR DAIRY PRODUCTS TO REDUCE LACTOSE LEVELS AND BRING BALANCED SWEETNESS
    6.12 PORTER’S FIVE FORCES ANALYSIS 
                    TABLE 19 MARKET: PORTER’S FIVE FORCES ANALYSIS
           6.12.1 INTENSITY OF COMPETITIVE RIVALRY
           6.12.2 BARGAINING POWER OF SUPPLIERS
           6.12.3 BARGAINING POWER OF BUYERS
           6.12.4 THREAT OF SUBSTITUTES
           6.12.5 THREAT OF NEW ENTRANTS
    6.13 KEY STAKEHOLDERS AND BUYING CRITERIA 
           6.13.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    TABLE 20 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR INDUSTRIAL ENZYMES, BY END APPLICATION (%)
           6.13.2 BUYING CRITERIA
                    TABLE 21 KEY CRITERIA FOR SELECTING SUPPLIER/VENDOR
                    FIGURE 34 KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS
    6.14 KEY CONFERENCES AND EVENTS, 2023–2024 
                    TABLE 22 KEY CONFERENCES AND EVENTS IN MARKET, 2023–2024
 
7 INDUSTRIAL ENZYMES MARKET, BY FORMULATION (Page No. - 120)
    7.1 INTRODUCTION 
    7.2 LYOPHILIZED POWDER 
           7.2.1 NEED FOR SUPERIOR STABILITY, EASE OF TRANSPORTATION, IMPROVED ACTIVITY, AND LONGER SHELF LIFE TO DRIVE MARKET
    7.3 LIQUID 
           7.3.1 EASE OF HANDLING, DOSING, AND MIXING INTO SOLUTIONS AND COST-EFFECTIVENESS TO DRIVE DEMAND FOR LIQUID ENZYMES
    7.4 DRY 
           7.4.1 GREATER FLEXIBILITY, LIGHT-WEIGHT, AND REDUCED STORAGE COSTS TO PROPEL MARKET
 
8 INDUSTRIAL ENZYMES, BY APPLICATION (Page No. - 123)
    8.1 INTRODUCTION 
           FIGURE 35 MARKET SHARE (VALUE), BY APPLICATION, 2023 VS. 2028
           TABLE 23 MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
           TABLE 24 MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
           TABLE 25 FOOD & BEVERAGES: MARKET, BY SUB-APPLICATION, 2019–2022 (USD MILLION)
           TABLE 26 FOOD & BEVERAGES: MARKET, BY SUB-APPLICATION, 2023–2028 (USD MILLION)
           TABLE 27 DETERGENTS: MARKET, BY SUB-APPLICATION, 2019–2022 (USD MILLION)
           TABLE 28 DETERGENTS: MARKET, BY SUB-APPLICATION, 2023–2028 (USD MILLION)
           TABLE 29 FEED: MARKET, BY SUB-APPLICATION, 2019–2022 (USD MILLION)
           TABLE 30 FEED: MARKET, BY SUB-APPLICATION, 2023–2028 (USD MILLION)
    8.2 FOOD & BEVERAGES 
           TABLE 31 FOOD & BEVERAGES: MARKET, BY REGION, 2019–2022 (USD MILLION)
           TABLE 32 FOOD & BEVERAGES: MARKET, BY REGION, 2023–2028 (USD MILLION)
           8.2.1 BAKERY & CONFECTIONERY PRODUCTS
                    8.2.1.1 Need to increase shelf life of bakery and confectionery products and produce healthier products to drive market
                               TABLE 33 ENZYMES USED IN BAKERY PRODUCTS APPLICATION
                               TABLE 34 BAKERY & CONFECTIONERY PRODUCTS: INDUSTRIAL ENZYMES INDUSTRY, BY REGION, 2019–2022 (USD MILLION)
                               TABLE 35 BAKERY & CONFECTIONERY PRODUCTS: MARKET, BY REGION, 2023–2028 (USD MILLION)
           8.2.2 DAIRY PRODUCTS
                    8.2.2.1 Growing popularity of protease and lactase in dairy industry to make lactose-free products to drive market
                               TABLE 36 ENZYMES USED IN DAIRY PRODUCTS APPLICATION
                               TABLE 37 DAIRY PRODUCTS: MARKET, BY REGION, 2019–2022 (USD MILLION)
                               TABLE 38 DAIRY PRODUCTS: MARKET, BY REGION, 2023–2028 (USD MILLION)
           8.2.3 BEVERAGES
                    8.2.3.1 Need for clarification, maceration, extraction, stabilization of juice color during storage, and increased yield to propel market
                               TABLE 39 BEVERAGES: INDUSTRIAL ENZYMES MARKET, BY REGION, 2019–2022 (USD MILLION)
                               TABLE 40 BEVERAGES: MARKET, BY REGION, 2023–2028 (USD MILLION)
           8.2.4 SUGAR
                    8.2.4.1 Biotechnology to increase efficiency of sugar processing and lead to energy savings
                               TABLE 41 SUGAR: MARKET, BY REGION, 2019–2022 (USD MILLION)
                               TABLE 42 SUGAR: MARKET, BY REGION, 2023–2028 (USD MILLION)
           8.2.5 MEAT PROCESSING PRODUCTS
                    8.2.5.1 Growing consumer demand for healthier and better-flavored meat and poultry products to propel market
                               TABLE 43 MEAT PROCESSING PRODUCTS: MARKET, BY REGION, 2019–2022 (USD MILLION)
                               TABLE 44 MEAT PROCESSING PRODUCTS: MARKET, BY REGION, 2023–2028 (USD MILLION)
           8.2.6 NUTRACEUTICALS
                    8.2.6.1 Ability to enhance efficacy, bioavailability, and overall functionality of products to drive market
                               TABLE 45 NUTRACEUTICALS: MARKET, BY REGION, 2019–2022 (USD MILLION)
                               TABLE 46 NUTRACEUTICALS: MARKET, BY REGION, 2023–2028 (USD MILLION)
           8.2.7 OTHER FOOD & BEVERAGES PRODUCTS
                    TABLE 47 OTHER FOOD & BEVERAGES PRODUCTS: MARKET REPORT, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 48 OTHER FOOD & BEVERAGES PRODUCTS: MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.3 DETERGENTS 
           TABLE 49 DETERGENTS: MARKET, BY REGION, 2019–2022 (USD MILLION)
           TABLE 50 DETERGENTS: MARKET, BY REGION, 2023–2028 (USD MILLION)
           8.3.1 LAUNDRY DETERGENTS
                    8.3.1.1 Effectiveness at lower temperatures and ability to aid in laundry with less time, energy, and water consumption to drive market
                               TABLE 51 LAUNDRY DETERGENTS: MARKET, BY REGION, 2019–2022 (USD MILLION)
                               TABLE 52 LAUNDRY DETERGENTS: MARKET, BY REGION, 2023–2028 (USD MILLION)
           8.3.2 AUTOMATIC DISHWASHING DETERGENTS
                    8.3.2.1 Need to prevent degradation of glass, rapid removal of stains, and lowering of alkalinity to propel market
                               TABLE 53 AUTOMATIC DISHWASHING DETERGENTS: MARKET, BY REGION, 2019–2022 (USD MILLION)
                               TABLE 54 AUTOMATIC DISHWASHING DETERGENTS: MARKET, BY REGION, 2023–2028 (USD MILLION)
           8.3.3 OTHER DETERGENT TYPES
                    TABLE 55 OTHER DETERGENT TYPES: MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 56 OTHER DETERGENT TYPES: MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.4 FEED 
           TABLE 57 FEED: INDUSTRIAL ENZYMES MARKET TRENDS, BY REGION, 2019–2022 (USD MILLION)
           TABLE 58 FEED: MARKET, BY REGION, 2023–2028 (USD MILLION)
           8.4.1 RUMINANT FEED
                    8.4.1.1 Need to improve feed efficiency ratio for beef cattle, reduce production cost, and enhance profit potential to drive market
                               TABLE 59 RUMINANT FEED: MARKET, BY REGION, 2019–2022 (USD MILLION)
                               TABLE 60 RUMINANT FEED: MARKET, BY REGION, 2023–2028 (USD MILLION)
           8.4.2 SWINE FEED
                    8.4.2.1 Need to prevent difficulties in digestion and help break down complex carbohydrases to drive market
                               TABLE 61 SWINE FEED: MARKET, BY REGION, 2019–2022 (USD MILLION)
                               TABLE 62 SWINE FEED: MARKET, BY REGION, 2023–2028 (USD MILLION)
           8.4.3 POULTRY FEED
                    8.4.3.1 Ability to minimize nitrogen excretion from livestock and rising concerns about disease outbreaks in poultry to drive market
                               TABLE 63 POULTRY FEED: MARKET, BY REGION, 2019–2022 (USD MILLION)
                               TABLE 64 POULTRY FEED: MARKET, BY REGION, 2023–2028 (USD MILLION)
           8.4.4 AQUAFEED
                    8.4.4.1 Need to increase fish growth rates and assist in survival and thriving of fish in larval stage to drive market
                               TABLE 65 AQUAFEED: MARKET, BY REGION, 2019–2022 (USD MILLION)
                               TABLE 66 AQUAFEED: MARKET, BY REGION, 2023–2028 (USD MILLION)
           8.4.5 OTHER FEED TYPES
                    TABLE 67 OTHER FEED TYPES: MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 68 OTHER FEED TYPES: MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.5 BIOETHANOL 
           8.5.1 REPUTATION OF BIOETHANOL AS ALTERNATIVE TO GASOLINE TO DRIVE MARKET
                    TABLE 69 BIOETHANOL: MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 70 BIOETHANOL: INDUSTRIAL ENZYMES MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.6 SOIL TREATMENT 
           8.6.1 BIO ENZYMES TO CREATE OPPORTUNITY TO IMPROVE SOIL STABILITY
                    TABLE 71 SOIL TREATMENT: MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 72 SOIL TREATMENT: MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.7 PAPER & PULP 
           8.7.1 REDUCED CHEMICAL CONSUMPTION AND COST-EFFECTIVENESS TO BOOST MARKET
                    TABLE 73 PAPER & PULP: MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 74 PAPER & PULP: MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.8 TEXTILES & LEATHER 
           8.8.1 NEED TO CREATE HIGH-QUALITY FABRICS WITH VIBRANT COLORS TO PROPEL MARKET
                    TABLE 75 TEXTILES & LEATHER: MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 76 TEXTILES & LEATHER: MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.9 WASTEWATER TREATMENT 
           8.9.1 NEED TO BREAK DOWN ORGANIC WASTE AND ENHANCE QUALITY OF WATER WITHOUT ANY TOXIC CHEMICAL TO BOOST MARKET
                    TABLE 77 WASTEWATER TREATMENT: MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 78 WASTEWATER TREATMENT: MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.10 OIL TREATMENT 
           8.10.1 NEED FOR OIL EXTRACTION EFFICIENCY TO BOOST MARKET
                    TABLE 79 OIL TREATMENT: MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 80 OIL TREATMENT: MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.11 OTHER APPLICATIONS 
                    TABLE 81 OTHER APPLICATIONS: MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 82 OTHER APPLICATIONS: MARKET, BY REGION, 2023–2028 (USD MILLION)
 
9 INDUSTRIAL ENZYMES MARKET REPORT, BY SOURCE (Page No. - 158)
    9.1 INTRODUCTION 
           FIGURE 36 MARKET SHARE (VALUE), BY SOURCE, 2023 VS. 2028
           TABLE 83 MARKET, BY SOURCE, 2019–2022 (USD MILLION)
           TABLE 84 MARKET, BY SOURCE, 2023–2028 (USD MILLION)
    9.2 MICROORGANISM 
           9.2.1 MICROBIAL ENZYMES TO PLAY MAJOR ROLE DUE TO BETTER STABILITY THAN PLANT AND ANIMAL ENZYMES
                    TABLE 85 MICROORGANISM: MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 86 MICROORGANISM: MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.3 PLANT 
           9.3.1 NEED TO INCREASE SHELF LIFE AND MAINTAIN BODY HEALTH ENZYMES TO FUEL DEMAND FOR PLANT-BASED ENZYMES
                    TABLE 87 PLANT: MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 88 PLANT: MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.4 ANIMAL 
           9.4.1 TEMPERATURE-SENSITIVITY, LOW PH ENVIRONMENT, AND HIGH PRODUCTION COST TO DISCOURAGE GROWTH OF ANIMAL ENZYMES
                    TABLE 89 ANIMAL: MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 90 ANIMAL: MARKET, BY REGION, 2023–2028 (USD MILLION)
 
10 INDUSTRIAL ENZYMES MARKET, BY TYPE (Page No. - 165)
     10.1 INTRODUCTION 
               FIGURE 37 MARKET SHARE (VALUE), BY TYPE, 2023 VS. 2028
               TABLE 91 MARKET, BY TYPE, 2019–2022 (USD MILLION)
               TABLE 92 MARKET, BY TYPE, 2023–2028 (USD MILLION)
               TABLE 93 MARKET, BY TYPE, 2019–2022 (TONS)
               TABLE 94 MARKET, BY TYPE, 2023–2028 (TONS)
               TABLE 95 CARBOHYDRASES: MARKET, BY SUB-TYPE, 2019–2022 (USD MILLION)
               TABLE 96 CARBOHYDRASES: MARKET, BY SUB-TYPE, 2023–2028 (USD MILLION)
     10.2 CARBOHYDRASES 
             10.2.1 PRECISE CONTROL OVER ENZYMATIC REACTIONS AND USAGE IN VARIOUS APPLICATIONS TO DRIVE MARKET
                       TABLE 97 CARBOHYDRASES: MARKET, BY REGION, 2019–2022 (USD MILLION)
                       TABLE 98 CARBOHYDRASES: MARKET, BY REGION, 2023–2028 (USD MILLION)
                       TABLE 99 CARBOHYDRASES: MARKET, BY REGION, 2019–2022 (TONS)
                       TABLE 100 CARBOHYDRASES: MARKET, BY REGION, 2023–2028 (TONS)
             10.2.2 AMYLASES
                       10.2.2.1 Increased usage in starch processing, textile production, papermaking, and pharmaceutical industry to drive market
                                   TABLE 101 AMYLASES: MARKET, BY REGION, 2019–2022 (USD MILLION)
                                   TABLE 102 AMYLASES: MARKET, BY REGION, 2023–2028 (USD MILLION)
             10.2.3 CELLULASES
                       10.2.3.1 Features like lesser damage to fibers and environment friendliness to propel market
                                   TABLE 103 CELLULASES: MARKET, BY REGION, 2019–2022 (USD MILLION)
                                   TABLE 104 CELLULASES: MARKET, BY REGION, 2023–2028 (USD MILLION)
             10.2.4 OTHER CARBOHYDRASES
                       TABLE 105 OTHER CARBOHYDRASES: MARKET, BY REGION, 2019–2022 (USD MILLION)
                       TABLE 106 OTHER CARBOHYDRASES: MARKET, BY REGION, 2023–2028 (USD MILLION)
     10.3 PROTEASES 
             10.3.1 NEED TO MITIGATE USE OF HAZARDOUS CHEMICALS AND ABILITY TO REMOVE BIOFILM COST-EFFICIENTLY TO BOOST MARKET
                       TABLE 107 PROTEASES: MARKET, BY REGION, 2019–2022 (USD MILLION)
                       TABLE 108 PROTEASES: MARKET, BY REGION, 2023–2028 (USD MILLION)
                       TABLE 109 PROTEASES: MARKET, BY REGION, 2019–2022 (TONS)
                       TABLE 110 PROTEASES: MARKET, BY REGION, 2023–2028 (TONS)
     10.4 LIPASES 
             10.4.1 AIDING IN DIGESTION AND PROCESSING OF DIETARY LIPIDS TO BOOST DEMAND FOR LIPASES
                       TABLE 111 LIPASES: INDUSTRIAL ENZYMES MARKET, BY REGION, 2019–2022 (USD MILLION)
                       TABLE 112 LIPASES: MARKET, BY REGION, 2023–2028 (USD MILLION)
                       TABLE 113 LIPASES: MARKET, BY REGION, 2019–2022 (TONS)
                       TABLE 114 LIPASES: MARKET, BY REGION, 2023–2028 (TONS)
     10.5 POLYMERASES & NUCLEASES 
             10.5.1 POLYMERASES & NUCLEASES TO FORM ESSENTIAL PART OF FOOD BIOTECHNOLOGICAL ADVANCEMENTS
                       TABLE 115 POLYMERASES & NUCLEASES: MARKET, BY REGION, 2019–2022 (USD MILLION)
                       TABLE 116 POLYMERASES & NUCLEASES: MARKET, BY REGION, 2023–2028 (USD MILLION)
                       TABLE 117 POLYMERASES & NUCLEASES: MARKET, BY REGION, 2019–2022 (TONS)
                       TABLE 118 POLYMERASES & NUCLEASES: MARKET, BY REGION, 2023–2028 (TONS)
     10.6 OTHER TYPES 
               TABLE 119 OTHER ENZYMES: MARKET, BY REGION, 2019–2022 (USD MILLION)
               TABLE 120 OTHER ENZYMES: MARKET, BY REGION, 2023–2028 (USD MILLION)
               TABLE 121 OTHER ENZYMES: MARKET, BY REGION, 2019–2022 (TONS)
               TABLE 122 OTHER ENZYMES: MARKET, BY REGION, 2023–2028 (TONS)
 
11 INDUSTRIAL ENZYMES MARKET, BY REGION (Page No. - 183)
     11.1 INTRODUCTION 
               FIGURE 38 INDIA TO ACHIEVE HIGHEST GROWTH RATE DURING FORECAST PERIOD
               TABLE 123 MARKET, BY REGION, 2019–2022 (USD MILLION)
               TABLE 124 MARKET, BY REGION, 2023–2028 (USD MILLION)
     11.2 NORTH AMERICA 
               FIGURE 39 NORTH AMERICA: MARKET SNAPSHOT
             11.2.1 NORTH AMERICA: RECESSION IMPACT
                       FIGURE 40 NORTH AMERICA: RECESSION IMPACT ANALYSIS SNAPSHOT
                       TABLE 125 NORTH AMERICA: MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                       TABLE 126 NORTH AMERICA: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                       TABLE 127 NORTH AMERICA: MARKET, BY TYPE, 2019–2022 (USD MILLION)
                       TABLE 128 NORTH AMERICA: MARKET, BY TYPE, 2023–2028 (USD MILLION)
                       TABLE 129 NORTH AMERICA: MARKET, BY SUB-TYPE, 2019–2022 (USD MILLION)
                       TABLE 130 NORTH AMERICA: MARKET, BY SUB-TYPE, 2023–2028 (USD MILLION)
                       TABLE 131 NORTH AMERICA: MARKET, BY TYPE, 2019–2022 (TONS)
                       TABLE 132 NORTH AMERICA: MARKET, BY TYPE, 2023–2028 (TONS)
                       TABLE 133 NORTH AMERICA: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                       TABLE 134 NORTH AMERICA: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                       TABLE 135 NORTH AMERICA: MARKET, BY FOOD & BEVERAGES SUB-APPLICATION, 2019–2022 (USD MILLION)
                       TABLE 136 NORTH AMERICA: MARKET, BY FOOD & BEVERAGES SUB-APPLICATION, 2023–2028 (USD MILLION)
                       TABLE 137 NORTH AMERICA: MARKET, BY DETERGENT SUB-APPLICATION, 2019–2022 (USD MILLION)
                       TABLE 138 NORTH AMERICA: INDUSTRIAL ENZYMES MARKET, BY DETERGENT SUB-APPLICATION, 2023–2028 (USD MILLION)
                       TABLE 139 NORTH AMERICA: MARKET, BY FEED SUB-APPLICATION, 2019–2022 (USD MILLION)
                       TABLE 140 NORTH AMERICA: MARKET, BY FEED SUB-APPLICATION, 2023–2028 (USD MILLION)
                       TABLE 141 NORTH AMERICA: MARKET, BY SOURCE, 2019–2022 (USD MILLION)
                       TABLE 142 NORTH AMERICA: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
             11.2.2 US
                       11.2.2.1 Increased demand for industrial ethanol and healthy food and rising awareness of food enzyme benefits to drive market
                                   TABLE 143 US: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                                   TABLE 144 US: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             11.2.3 CANADA
                       11.2.3.1 Concerns regarding safety of animal health and need to replace chemical catalysts with synthetic processes to boost market
                                   TABLE 145 CANADA: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                                   TABLE 146 CANADA: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             11.2.4 MEXICO
                       11.2.4.1 Government campaigns to blend ethanol with petrol to promote textile industries
                                   TABLE 147 MEXICO: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                                   TABLE 148 MEXICO: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
     11.3 EUROPE 
             11.3.1 EUROPE: RECESSION IMPACT
                       FIGURE 41 EUROPE: RECESSION IMPACT ANALYSIS SNAPSHOT
                       TABLE 149 EUROPE: MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                       TABLE 150 EUROPE: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                       TABLE 151 EUROPE: MARKET, BY TYPE, 2019–2022 (USD MILLION)
                       TABLE 152 EUROPE: MARKET, BY TYPE, 2023–2028 (USD MILLION)
                       TABLE 153 EUROPE: INDUSTRIAL ENZYMES MARKET, BY SUB-TYPE, 2019–2022 (USD MILLION)
                       TABLE 154 EUROPE: MARKET, BY SUB-TYPE, 2023–2028 (USD MILLION)
                       TABLE 155 EUROPE: MARKET, BY TYPE, 2019–2022 (TONS)
                       TABLE 156 EUROPE: MARKET, BY TYPE, 2023–2028 (TONS)
                       TABLE 157 EUROPE: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                       TABLE 158 EUROPE: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                       TABLE 159 EUROPE: MARKET, BY FOOD & BEVERAGES SUB-APPLICATION, 2019–2022 (USD MILLION)
                       TABLE 160 EUROPE: MARKET, BY FOOD & BEVERAGES SUB-APPLICATION, 2023–2028 (USD MILLION)
                       TABLE 161 EUROPE: MARKET, BY DETERGENT SUB-APPLICATION, 2019–2022 (USD MILLION)
                       TABLE 162 EUROPE: MARKET, BY DETERGENT SUB-APPLICATION, 2023–2028 (USD MILLION)
                       TABLE 163 EUROPE: MARKET, BY FEED SUB-APPLICATION, 2019–2022 (USD MILLION)
                       TABLE 164 EUROPE: MARKET, BY FEED SUB-APPLICATION, 2023–2028 (USD MILLION)
                       TABLE 165 EUROPE: MARKET, BY SOURCE, 2019–2022 (USD MILLION)
                       TABLE 166 EUROPE: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
             11.3.2 ITALY
                       11.3.2.1 Use of industrial enzymes in agriculture and textile industries to drive market
                                   TABLE 167 ITALY: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                                   TABLE 168 ITALY: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             11.3.3 GERMANY
                       11.3.3.1 Rising demand for processed food and high-quality food products to drive demand for industrial enzymes
                                   TABLE 169 GERMANY: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                                   TABLE 170 GERMANY: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             11.3.4 FRANCE
                       11.3.4.1 Rising government investment in advanced technologies and mandates to increase bioethanol use to propel market
                                   TABLE 171 FRANCE: INDUSTRIAL ENZYMES MARKET OVERVIEW, BY APPLICATION, 2019–2022 (USD MILLION)
                                   TABLE 172 FRANCE: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             11.3.5 SPAIN
                       11.3.5.1 Need to retain quality and efficiency in leather industry to drive market
                                   TABLE 173 SPAIN: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                                   TABLE 174 SPAIN: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             11.3.6 UK
                       11.3.6.1 Government initiatives to reduce carbon emissions and produce fuel from renewable sources to boost market
                                   TABLE 175 UK: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                                   TABLE 176 UK: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             11.3.7 REST OF EUROPE
                       TABLE 177 REST OF EUROPE: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                       TABLE 178 REST OF EUROPE: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
     11.4 ASIA PACIFIC 
             11.4.1 ASIA PACIFIC: RECESSION IMPACT
                       FIGURE 42 ASIA PACIFIC: RECESSION IMPACT ANALYSIS SNAPSHOT
                       TABLE 179 ASIA PACIFIC: MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                       TABLE 180 ASIA PACIFIC: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                       TABLE 181 ASIA PACIFIC: MARKET, BY TYPE, 2019–2022 (USD MILLION)
                       TABLE 182 ASIA PACIFIC: MARKET, BY TYPE, 2023–2028 (USD MILLION)
                       TABLE 183 ASIA PACIFIC: MARKET, BY SUB-TYPE, 2019–2022 (USD MILLION)
                       TABLE 184 ASIA PACIFIC: MARKET, BY SUB-TYPE, 2023–2028 (USD MILLION)
                       TABLE 185 ASIA PACIFIC: MARKET, BY TYPE, 2019–2022 (TONS)
                       TABLE 186 ASIA PACIFIC: MARKET, BY TYPE, 2023–2028 (TONS)
                       TABLE 187 ASIA PACIFIC: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                       TABLE 188 ASIA PACIFIC: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                       TABLE 189 ASIA PACIFIC: MARKET, BY FOOD & BEVERAGES SUB-APPLICATION, 2019–2022 (USD MILLION)
                       TABLE 190 ASIA PACIFIC: INDUSTRIAL ENZYMES MARKET, BY FOOD & BEVERAGES SUB-APPLICATION, 2023–2028 (USD MILLION)
                       TABLE 191 ASIA PACIFIC: MARKET, BY DETERGENT SUB-APPLICATION, 2019–2022 (USD MILLION)
                       TABLE 192 ASIA PACIFIC: MARKET, BY DETERGENT SUB-APPLICATION, 2023–2028 (USD MILLION)
                       TABLE 193 ASIA PACIFIC: MARKET, BY FEED SUB-APPLICATION, 2019–2022 (USD MILLION)
                       TABLE 194 ASIA PACIFIC: MARKET, BY FEED SUB-APPLICATION, 2023–2028 (USD MILLION)
                       TABLE 195 ASIA PACIFIC: MARKET, BY SOURCE, 2019–2022 (USD MILLION)
                       TABLE 196 ASIA PACIFIC: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
             11.4.2 CHINA
                       11.4.2.1 Need to increase production of starch-based sweeteners and availability of raw materials to drive market
                                   TABLE 197 CHINA: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                                   TABLE 198 CHINA: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             11.4.3 JAPAN
                       11.4.3.1 Expanding apparel & home textile chemical businesses and rising meat consumption to propel market
                                   TABLE 199 JAPAN: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                                   TABLE 200 JAPAN: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             11.4.4 INDIA
                       11.4.4.1 Growing demand for functional beverages and feed enzymes to drive market
                                   TABLE 201 INDIA: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                                   TABLE 202 INDIA: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             11.4.5 AUSTRALIA & NEW ZEALAND
                       11.4.5.1 Availability of raw materials in agricultural sector and demand for eco-friendly products to propel market
                                   TABLE 203 AUSTRALIA & NEW ZEALAND: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                                   TABLE 204 AUSTRALIA & NEW ZEALAND: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             11.4.6 SINGAPORE
                       11.4.6.1 Strong focus on sustainability and eco-friendly practices and robust research and development infrastructure to boost market
                                   TABLE 205 SINGAPORE: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                                   TABLE 206 SINGAPORE: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             11.4.7 MALAYSIA
                       11.4.7.1 Growing food & beverage industry to fuel demand for enzymes in production of baked goods and beverages
                                   TABLE 207 MALAYSIA: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                                   TABLE 208 MALAYSIA: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             11.4.8 VIETNAM
                       11.4.8.1 Fermented food consumption and need to reduce food processing in unhygienic conditions to drive market
                                   TABLE 209 VIETNAM: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                                   TABLE 210 VIETNAM: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             11.4.9 PHILIPPINES
                       11.4.9.1 Rapid production of processed foods and beverages and presence of leading biofuel manufacturers to boost market
                                   TABLE 211 PHILIPPINES: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                                   TABLE 212 PHILIPPINES: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             11.4.10 SOUTH KOREA
                      11.4.10.1 Rising consumption of Western food and bakery products to drive demand for industrial enzymes
                                   TABLE 213 SOUTH KOREA: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                                   TABLE 214 SOUTH KOREA: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             11.4.11 REST OF ASIA PACIFIC
                                   TABLE 215 REST OF ASIA PACIFIC: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                                   TABLE 216 REST OF ASIA PACIFIC: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
     11.5 SOUTH AMERICA 
             11.5.1 SOUTH AMERICA: RECESSION IMPACT
                       FIGURE 43 SOUTH AMERICA: RECESSION IMPACT ANALYSIS SNAPSHOT
                       TABLE 217 SOUTH AMERICA: MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                       TABLE 218 SOUTH AMERICA: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                       TABLE 219 SOUTH AMERICA: MARKET, BY TYPE, 2019–2022 (USD MILLION)
                       TABLE 220 SOUTH AMERICA: MARKET, BY TYPE, 2023–2028 (USD MILLION)
                       TABLE 221 SOUTH AMERICA: MARKET, BY SUB-TYPE, 2019–2022 (USD MILLION)
                       TABLE 222 SOUTH AMERICA: MARKET, BY SUB-TYPE, 2023–2028 (USD MILLION)
                       TABLE 223 SOUTH AMERICA: MARKET, BY TYPE, 2019–2022 (TONS)
                       TABLE 224 SOUTH AMERICA: MARKET, BY TYPE, 2023–2028 (TONS)
                       TABLE 225 SOUTH AMERICA: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                       TABLE 226 SOUTH AMERICA: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                       TABLE 227 SOUTH AMERICA: MARKET, BY FOOD & BEVERAGES SUB-APPLICATION, 2019–2022 (USD MILLION)
                       TABLE 228 SOUTH AMERICA: MARKET, BY FOOD & BEVERAGES SUB-APPLICATION, 2023–2028 (USD MILLION)
                       TABLE 229 SOUTH AMERICA: MARKET, BY DETERGENT SUB-APPLICATION, 2019–2022 (USD MILLION)
                       TABLE 230 SOUTH AMERICA: MARKET, BY DETERGENT SUB-APPLICATION, 2023–2028 (USD MILLION)
                       TABLE 231 SOUTH AMERICA: MARKET, BY FEED SUB-APPLICATION, 2019–2022 (USD MILLION)
                       TABLE 232 SOUTH AMERICA: INDUSTRIAL ENZYMES MARKET, BY FEED SUB-APPLICATION, 2023–2028 (USD MILLION)
                       TABLE 233 SOUTH AMERICA: MARKET, BY SOURCE, 2019–2022 (USD MILLION)
                       TABLE 234 SOUTH AMERICA: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
             11.5.2 BRAZIL
                       11.5.2.1 Growing research and advancement in starch processing technology to reduce cost to boost market
                                   TABLE 235 BRAZIL: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                                   TABLE 236 BRAZIL: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             11.5.3 ARGENTINA
                       11.5.3.1 Increasing use of starch processing and rising advancements in meat processing and dairy industries to drive market
                                   TABLE 237 ARGENTINA: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                                   TABLE 238 ARGENTINA: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             11.5.4 REST OF SOUTH AMERICA
                       TABLE 239 REST OF SOUTH AMERICA: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                       TABLE 240 REST OF SOUTH AMERICA: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
     11.6 ROW 
             11.6.1 ROW: RECESSION IMPACT
                       FIGURE 44 ROW: RECESSION IMPACT ANALYSIS SNAPSHOT
                       TABLE 241 ROW: MARKET, BY SUBREGION, 2019–2022 (USD MILLION)
                       TABLE 242 ROW: MARKET, BY SUBREGION, 2023–2028 (USD MILLION)
                       TABLE 243 ROW: MARKET, BY TYPE, 2019–2022 (USD MILLION)
                       TABLE 244 ROW: MARKET, BY TYPE, 2023–2028 (USD MILLION)
                       TABLE 245 ROW: MARKET, BY SUB-TYPE, 2019–2022 (USD MILLION)
                       TABLE 246 ROW: MARKET, BY SUB-TYPE, 2023–2028 (USD MILLION)
                       TABLE 247 ROW: MARKET, BY TYPE, 2019–2022 (TONS)
                       TABLE 248 ROW: INDUSTRIAL ENZYMES MARKET, BY TYPE, 2023–2028 (TONS)
                       TABLE 249 ROW: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                       TABLE 250 ROW: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                       TABLE 251 ROW: MARKET, BY FOOD & BEVERAGES SUB-APPLICATION, 2019–2022 (USD MILLION)
                       TABLE 252 ROW: MARKET, BY FOOD & BEVERAGES SUB-APPLICATION, 2023–2028 (USD MILLION)
                       TABLE 253 ROW: MARKET, BY DETERGENT SUB-APPLICATION, 2019–2022 (USD MILLION)
                       TABLE 254 ROW: MARKET, BY DETERGENT SUB-APPLICATION, 2023–2028 (USD MILLION)
                       TABLE 255 ROW: MARKET, BY FEED SUB-APPLICATION, 2019–2022 (USD MILLION)
                       TABLE 256 ROW: MARKET, BY FEED SUB-APPLICATION, 2023–2028 (USD MILLION)
                       TABLE 257 ROW: MARKET, BY SOURCE, 2019–2022 (USD MILLION)
                       TABLE 258 ROW: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
             11.6.2 AFRICA
                       11.6.2.1 Approval of Biofuels Regulatory Framework and growth of paper and pulp industry to drive market
                                   TABLE 259 AFRICA: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                                   TABLE 260 AFRICA: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             11.6.3 MIDDLE EAST
                       11.6.3.1 Growing demand for food enzymes to prevent and recycle food waste to drive market for industrial enzymes
                                   TABLE 261 MIDDLE EAST: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                                   TABLE 262 MIDDLE EAST: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
 
12 COMPETITIVE LANDSCAPE (Page No. - 262)
     12.1 OVERVIEW 
     12.2 STRATEGIES ADOPTED BY KEY PLAYERS 
               TABLE 263 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS
     12.3 HISTORICAL REVENUE ANALYSIS OF KEY PLAYERS 
               FIGURE 45 REVENUE ANALYSIS OF KEY PLAYERS IN MARKET, 2020–2022 (USD BILLION)
     12.4 MARKET SHARE ANALYSIS 
               TABLE 264 INDUSTRIAL ENZYMES MARKET SHARE ANALYSIS OF MARKET, 2022
     12.5 MARKET: COMPANY EVALUATION QUADRANT OF KEY PLAYERS 
             12.5.1 STARS
             12.5.2 PERVASIVE PLAYERS
             12.5.3 EMERGING LEADERS
             12.5.4 PARTICIPANTS
                       FIGURE 46 MARKET OVERVIEW: COMPANY EVALUATION QUADRANT, KEY PLAYERS, 2022
     12.6 COMPETITIVE BENCHMARKING 
               TABLE 265 MARKET: COMPANY TYPE FOOTPRINT
               TABLE 266 MARKET: COMPANY FORMULATION FOOTPRINT
               TABLE 267 MARKET: COMPANY SOURCE FOOTPRINT
               TABLE 268 MARKET: COMPANY APPLICATION FOOTPRINT
               TABLE 269 MARKET: COMPANY REGIONAL FOOTPRINT
               TABLE 270 MARKET: OVERALL COMPANY FOOTPRINT
     12.7 MARKET: COMPANY EVALUATION QUADRANT OF STARTUPS/SMES 
             12.7.1 PROGRESSIVE COMPANIES
             12.7.2 STARTING BLOCKS
             12.7.3 RESPONSIVE COMPANIES
             12.7.4 DYNAMIC COMPANIES
                       FIGURE 47 MARKET: COMPANY EVALUATION QUADRANT, STARTUPS/SMES, 2022
     12.8 COMPETITIVE BENCHMARKING 
               TABLE 271 MARKET: DETAILED LIST OF KEY STARTUPS/SMES
               TABLE 272 MARKET: COMPETITIVE BENCHMARKING OF STARTUPS/SMES
     12.9 COMPETITIVE SCENARIO 
             12.9.1 PRODUCT LAUNCHES
                       TABLE 273 MARKET: PRODUCT LAUNCHES, 2019–2023
                       TABLE 274 MARKET: DEALS, 2019–2023
                       TABLE 275 INDUSTRIAL ENZYMES MARKET: OTHERS, 2019–2023
 
13 COMPANY PROFILES (Page No. - 284)
     13.1 KEY PLAYERS 
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View)*
             13.1.1 BASF
                       TABLE 276 BASF: BUSINESS OVERVIEW
                       FIGURE 48 BASF: COMPANY SNAPSHOT
                       TABLE 277 BASF: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 278 BASF: PRODUCT LAUNCHES
                       TABLE 279 BASF: DEALS
                       TABLE 280 BASF: OTHERS
             13.1.2 NOVOZYMES
                       TABLE 281 NOVOZYMES: BUSINESS OVERVIEW
                       FIGURE 49 NOVOZYMES: COMPANY SNAPSHOT
                       TABLE 282 NOVOZYMES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 283 NOVOZYMES: PRODUCT LAUNCHES
                       TABLE 284 NOVOZYMES: DEALS
             13.1.3 DUPONT
                       TABLE 285 DUPONT: BUSINESS OVERVIEW
                       FIGURE 50 DUPONT: COMPANY SNAPSHOT
                       TABLE 286 DUPONT: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 287 DUPONT: PRODUCT LAUNCHES
                       TABLE 288 DUPONT: DEALS
             13.1.4 DSM
                       TABLE 289 DSM: BUSINESS OVERVIEW
                       FIGURE 51 DSM: COMPANY SNAPSHOT
                       TABLE 290 DSM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 291 DSM: PRODUCT LAUNCHES
                       TABLE 292 DSM: DEALS
             13.1.5 ASSOCIATED BRITISH FOODS PLC (ABF)
                       TABLE 293 ASSOCIATED BRITISH FOODS PLC (ABF): BUSINESS OVERVIEW
                       FIGURE 52 ASSOCIATED BRITISH FOODS PLC (ABF): COMPANY SNAPSHOT
                       TABLE 294 ASSOCIATED BRITISH FOODS PLC (ABF): PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 295 ASSOCIATED BRITISH FOODS PLC (ABF): PRODUCT LAUNCHES
                       TABLE 296 ASSOCIATED BRITISH FOODS PLC (ABF): DEALS
             13.1.6 KERRY GROUP PLC.
                       TABLE 297 KERRY GROUP PLC.: INDUSTRIAL ENZYMES MARKET BUSINESS OVERVIEW
                       FIGURE 53 KERRY GROUP PLC.: COMPANY SNAPSHOT
                       TABLE 298 KERRY GROUP PLC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 299 KERRY GROUP PLC.: PRODUCT LAUNCHES
                       TABLE 300 KERRY GROUP PLC.: DEALS
                       TABLE 301 KERRY GROUP PLC.: OTHERS
             13.1.7 ADVANCED ENZYME TECHNOLOGIES
                       TABLE 302 ADVANCED ENZYME TECHNOLOGIES: BUSINESS OVERVIEW
                       FIGURE 54 ADVANCED ENZYME TECHNOLOGIES: COMPANY SNAPSHOT
                       TABLE 303 ADVANCED ENZYME TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 304 ADVANCED ENZYME TECHNOLOGIES: DEALS
             13.1.8 CHR. HANSEN HOLDING A/S
                       TABLE 305 CHR. HANSEN HOLDING A/S: BUSINESS OVERVIEW
                       FIGURE 55 CHR. HANSEN HOLDING A/S: COMPANY SNAPSHOT
                       TABLE 306 CHR. HANSEN HOLDING A/S: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 307 CHR. HANSEN HOLDING A/S: PRODUCT LAUNCHES
                       TABLE 308 CHR HANSEN HOLDING A/S: DEALS
             13.1.9 AMANO ENZYME INC.
                       TABLE 309 AMANO ENZYME INC.: BUSINESS OVERVIEW
                       TABLE 310 AMANO ENZYME INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 311 AMANO ENZYME INC.: PRODUCT LAUNCHES
                       TABLE 312 AMANO ENZYME INC.: OTHERS
             13.1.10 AUMGENE BIOSCIENCES PVT. LTD.
                       TABLE 313 AUMGENE BIOSCIENCES PVT. LTD.: BUSINESS OVERVIEW
                       TABLE 314 AUMGENE BIOSCIENCES PVT. LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             13.1.11 MEGAZYME LTD.
                       TABLE 315 MEGAZYME LTD.: INDUSTRIAL ENZYMES MARKET BUSINESS OVERVIEW
                       TABLE 316 MEGAZYME LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             13.1.12 ENZYME SUPPLIES
                       TABLE 317 ENZYME SUPPLIES: BUSINESS OVERVIEW
                       TABLE 318 ENZYME SUPPLIES: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             13.1.13 CREATIVE ENZYMES
                       TABLE 319 CREATIVE ENZYMES: BUSINESS OVERVIEW
                       TABLE 320 CREATIVE ENZYMES: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             13.1.14 ENZYME SOLUTIONS
                       TABLE 321 ENZYME SOLUTIONS: BUSINESS OVERVIEW
                       TABLE 322 ENZYME SOLUTIONS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             13.1.15 ENZYMATIC DEINKING TECHNOLOGIES, LLC.
                       TABLE 323 ENZYMATIC DEINKING TECHNOLOGIES, LLC.: BUSINESS OVERVIEW
                       TABLE 324 ENZYMATIC DEINKING TECHNOLOGIES, LLC.: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
             13.1.16 BIOCATALYSTS
             13.1.17 SUNSON INDUSTRY GROUP
             13.1.18 METGEN
             13.1.19 DENYKEM
             13.1.20 TEX BIOSCIENCES (P) LTD.
* Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
 
14 ADJACENT & RELATED MARKETS (Page No. - 336)
     14.1 INTRODUCTION 
     14.2 LIMITATIONS 
     14.3 TECHNICAL ENZYMES MARKET 
             14.3.1 MARKET DEFINITION
             14.3.2 MARKET OVERVIEW
                       TABLE 325 TECHNICAL ENZYMES MARKET, BY TYPE, 2017–2026 (USD MILLION)
                       TABLE 326 TECHNICAL ENZYMES MARKET, BY TYPE, 2017–2026 (TON)
             14.3.3 TECHNICAL ENZYMES MARKET, BY REGION
                       TABLE 327 TECHNICAL ENZYMES MARKET, BY REGION, 2017–2026 (USD MILLION)
     14.4 FOOD ENZYMES MARKET 
             14.4.1 MARKET DEFINITION
             14.4.2 MARKET OVERVIEW
             14.4.3 FOOD ENZYMES MARKET, BY APPLICATION
                       TABLE 328 FOOD ENZYMES MARKET, BY TYPE, 2016–2020 (USD MILLION)
                       TABLE 329 FOOD ENZYMES MARKET, BY TYPE, 2021–2026 (USD MILLION)
                       TABLE 330 FOOD ENZYMES MARKET, BY TYPE, 2016–2020 (TONS)
                       TABLE 331 FOOD ENZYMES MARKET, BY TYPE, 2021–2026 (TONS)
             14.4.4 FOOD ENZYMES MARKET, BY REGION
                       14.4.4.1 Introduction
                                   TABLE 332 FOOD ENZYMES MARKET, BY REGION, 2016–2020 (USD MILLION)
                                   TABLE 333 FOOD ENZYMES MARKET, BY REGION, 2021–2026 (USD MILLION)
     14.5 FEED ENZYMES MARKET 
             14.5.1 MARKET DEFINITION
             14.5.2 MARKET OVERVIEW
                       TABLE 334 FEED ENZYMES MARKET, BY REGION, 2016–2019 (USD MILLION)
                       TABLE 335 FEED ENZYMES MARKET, BY REGION, 2020–2025 (USD MILLION)
 
15 APPENDIX (Page No. - 344)
     15.1 DISCUSSION GUIDE 
     15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     15.3 CUSTOMIZATION OPTIONS 
     15.4 RELATED REPORTS 
     15.5 AUTHOR DETAILS 

The study involved four major activities in estimating the current size of the industrial enzymes market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

This research study involved the extensive use of secondary sources—directories and databases such as Bloomberg Businessweek and Factiva—to identify and collect information useful for a technical, market-oriented, and commercial study of the market.

In the secondary research process, various sources such as annual reports, press releases & investor presentations of companies, white papers, food journals, certified publications, articles from recognized authors, gold & silver standard websites, directories, and databases, were referred to identify and collect information. This research study involved the extensive use of secondary sources—directories and databases such as Bloomberg Businessweek and Factiva—to identify and collect information useful for a technical, market-oriented, and commercial study of the industrial enzymes market.

Secondary research was mainly used to obtain key information about the industry’s supply chain, the total pool of key players, and market classification and segmentation as per the industry trends to the bottom-most level, regional markets, and key developments from both market- and technology-oriented perspectives.

Primary Research

Extensive primary research was conducted after obtaining information regarding the industrial enzymes market scenario through secondary research. Several primary interviews were conducted with market experts from both, the demand and supply sides across major countries of North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. Primary data was collected through questionnaires, emails, and telephonic interviews. The primary sources from the supply side included various industry experts, such as Chief X Officers (CXOs), Vice Presidents (VPs), Directors, from business development, marketing, research and development teams, and related key executives from distributors, and key opinion leaders. Primary interviews were conducted to gather insights such as market statistics, data of revenue collected from the products and services, market breakdowns, market size estimations, market forecast, and data triangulation. Primary research also helped in understanding the various trends related to types of industrial enzymes, type, application, source, and region. Stakeholders from the demand side, such as food and beverage companies, biofuel manufacturers, paper & pulp, leather & textile, detergents, soil, oil, and water treatment, and feed companies who are using industrial enzymes were interviewed to understand the buyer’s perspective on the suppliers, products, and their current usage of industrial enzymes and future outlook of their business which will affect the overall market.

Breakdown of Primary participants

Industrial Enzymes Market Primary Participants

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COMPANY NAME

DESIGNATION

BASF

General Manager

DuPont

Sales Manager

DSM

Director

Creative Enzyme

Individual Industry Expert

Chr. Hansen Holding A/S

Marketing Manager

Novozymes

Sales Executive

Kerry Group plc

Sales Manager

Amano Enzyme Inc.

Individual Industry Expert

Associated British Foods plc.

Manager

Advanced Enzyme Technologies

Individual Industry Expert

Industrial Enzymes Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the industrial enzymes market. These approaches were also used extensively to determine the size of various subsegments in the market. The research methodology used to estimate the market size includes the following details:

  • The key players in the industry and the overall markets were identified through extensive secondary research.
  • The revenues of the major industrial enzymes players were determined through primary and secondary research, which were used as the basis for market sizing and estimation.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
  • All macroeconomic and microeconomic factors affecting the growth of the market were considered while estimating the market size.
  • All possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain final quantitative and qualitative data.

Global Industrial Enzymes Market: Bottom-Up Approach

Industrial Enzymes Market Bottom Up Approach

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Global Industrial Enzymes Market: Top-Down Approach

Industrial Enzymes Market Top Down Approach

Data Triangulation

After arriving at the overall size from the industrial enzymes market size estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for various market segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.

Industrial Enzymes Market Definition

The market is a global industry that focuses on the manufacturing, distribution, and application of enzymes for various industrial purposes. These enzymes, derived from natural sources or produced through biotechnology, serve as biocatalysts. They find extensive use in sectors like food and beverages, detergents, biofuels, textiles, and animal feed. The market encompasses stakeholders such as enzyme manufacturers, suppliers, and end-users, all catering to the rising demand for sustainable and efficient solutions in industrial processes. Key drivers of the market include heightened environmental awareness, regulatory compliance, technological advancements, and the pursuit of sustainable and cost-effective alternatives to conventional chemical methods.

Report Objectives

  • Determining and projecting the size of the industrial enzymes market, with respect to type, source, application, and regions, over five years, ranging from 2023 to 2028
  • Identifying the attractive opportunities in the market by determining the largest and fastest-growing segments across regions
  • Providing detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • Analyzing the micro-markets with respect to individual growth trends, prospects, and their contribution to the total market
  • Impact of macro- and microeconomic factors on the market
  • Impact of Recession on the global market
  • Shifts in demand patterns across different subsegments and regions
  • Identifying and profiling the key market players in the market
  • Understanding the competitive landscape and identifying the major growth strategies adopted by players across the key regions

Key Stakeholders

  • Manufacturers of industrial enzymes
  • Traders, Distributors, and Suppliers of industrial enzymes
  • Various end use industries such as food & beverage, leather & textile, paper & pulp, biofuel,  feed, soil, water, and oil treatment
  • Government and Research Organizations
  • Associations and Industrial Bodies
  • Research and Consulting Firms
  • R&D Institutions
  • Environment Support Agencies
  • Investment Banks and Private Equity Firms

Available Customizations:

With the given industrial enzymes market data, MarketsandMarkets offers customizations according to company-specific scientific needs.

The following customization options are available for the report:

Product Analysis

  • Product Matrix, which gives a detailed comparison of the product portfolio of each company.

Geographic Analysis

With the given market data, MarketsandMarkets offers customizations according to company-specific scientific needs.

  • Further breakdown of the Rest of Europe into Poland, Belgium, Sweden, and other EU & non-EU countries
  • Further breakdown of the Rest of Asia Pacific into Taiwan, Indonesia, Thailand, and Bangladesh.
  • Further breakdown of the Rest of South America into Chile, Uruguay, Peru, and other South American countries

Company Information

  • Detailed analyses and profiling of additional market players (up to five)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
FB 2277
Published ON
Jun, 2023
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