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
[352 Pages Report] The industrial enzymes market is projected to grow from USD 7.4 billion in 2023 to USD 10.2 billion by 2028 growing at a CAGR of 6.6% during the forecast period.
Industrial enzymes are derived from living organisms, such as bacteria, fungi, and plants, that have been utilized in various industrial processes. These enzymes are capable of catalyzing specific chemical reactions, making them beneficial in various industries such as food and beverage, textile, pulp and paper, biofuel production, pharmaceuticals, and many others. The potential for developing and enhancing enzymes is rising because of developments in biotechnology, genetic engineering, and protein engineering. These developments have produced enzymes with improved stability, activity, and specificity, making them more suitable for a variety of applications is driving the growth of the industrial enzymes market.
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Industrial Enzymes Market Dynamics
One Driver: R&D activities to help in meeting the rising demand for enzyme applications
Investments are made in R&D for the production of enzymes from fungi and microbes, such as cellulases and other types of enzymes. These next-generation enzymes have expanded the application areas of industrial enzymes in the textile & leather, and bioethanol sectors. R&D activities explore new applications and markets for industrial enzymes. Enzymes have diverse applications across industries such as food and beverages, biofuels, animal feed, textiles, and more. R&D efforts continually identify and develop enzyme-based solutions for emerging challenges and unexplored areas, opening up new opportunities and driving market growth. R&D endeavors in the industrial enzymes market are centered around comprehending the unique requirements of industries and formulating customized enzyme solutions to meet those needs. These tailored enzymes provide precise advantages, including enhanced product quality, improved functionality, lowered energy usage, and environmental sustainability. This customization empowers enzymes to effectively tackle industry-specific challenges, granting a competitive advantage to businesses. Major players such as Novozymes (Denmark), DSM (Netherlands), Epygen Labs (UAE), and Tex Biosciences (India) are focused on R&D activities and partnerships to launch new enzyme products. For instance, in 2021, Dupont launched its phytase enzyme Axtra PHY in the Canadian market. This enzyme aids in improving the animal's digestive health.
Restraint: Stringent regulatory guidelines for manufacturers
Manufacturers of enzymes need to comply with the regulations imposed by different governing agencies, such as the Enzyme Technical Association (ETA), Association of Manufacturers & Formulators of Enzyme Products (AMFEP), and EU Registration, Evaluation, and Authorization of Chemicals (REACH) Regulation. The use of enzymes in the food industry must adhere to the guidelines defined by the Food Chemicals Codex. There is a lack of a uniform regulatory structure for enzymes, even though stringent regulations are imposed for their use in the UK, Canada, and the European Union industries. The cost factor can limit the widespread adoption of enzymes, especially in price-sensitive industries or applications where cost-effectiveness is a critical consideration. Companies may find it challenging to justify the investment in enzymes, particularly when alternative solutions or technologies are available at lower costs.
Opportunity: Innovations in technologies and wide industry scope
The industrial enzymes market has seen significant technological innovations in recent years, with new developments in enzyme engineering, fermentation, and bioprocessing. For instance, in June 2019, DSM (Netherlands) launched low-glycerol yeast technology for the bioethanol industry with the introduction of EcoBoost GT and a new enzyme for fiber conversion, eBREAK 1000F, to tackle environmental pollution and boost the usage of substitutes to traditional gasoline.
In June 2019, Novozymes launched Fibrelife. This product helps the textile manufacturers to produce long lasting garments. The Fibrelife product will also make it easy to extend the shelf life of all plant-based fibers.
Challenge: Lack of transparency in patent protection laws in a few countries.
The lack of transparency can make it difficult for stakeholders, including competitors, researchers, and the general public, to understand the scope and impact of patents related to industrial enzymes. The lack of transparency in patent protection laws related to enzymes can create uncertainty and hinder innovation in the industry. Stakeholders need access to clear and concise information about patents related to enzymes to make informed decisions and advance research and development in the field. The sensitivity of enzymes to environmental factors, including temperature, pH, and inhibitors, poses challenges in maintaining optimal conditions for enzyme activity in industrial processes. This requires additional monitoring and control measures to ensure enzyme performance. Moreover, the specialized handling and storage requirements of enzymes present logistical challenges for manufacturers and end-users alike.
Industrial Enzymes Market Ecosystem
Prominent companies in this market include well-established, financially stable manufacturers of industrial enzymes. These companies have been operating in the market for several years and possess a diversified product portfolio, state-of-the-art technologies, and strong global sales and marketing networks.
The key players in the industrial enzymes market include BASF SE (Germany), Novozymes (Denmark), DuPont (US), DSM (Netherlands), Associated British Foods plc (UK), Kerry Group plc (Ireland), Advanced Enzyme Technologies (India), and Chr. Hansen Holding A/S (Denmark).
Based on Type, Proteases enzymes are estimated to account for the fastest market share of the market
The demand for protease enzymes is increasing in the food and beverage industry due to their essential role in various applications. Proteases are utilized for meat tenderization, dairy processing, flavor enhancement, and protein modification. The rising consumer demand for processed and convenient food products, coupled with the desire for improved taste, texture, and nutritional profiles, is driving the need for proteases in food applications.
Proteases also find application in waste management and environmental sectors, particularly in the bioremediation of protein-rich waste streams. They contribute to the breakdown and degradation of organic materials such as animal waste, food waste, and agricultural residues. The demand for proteases in waste management and environmental applications is fueled by the growing emphasis on sustainable and eco-friendly waste treatment solutions.
These trends in the food and beverage industry and the waste management sector are driving the increased demand for protease enzymes. Companies operating in these industries recognize the value that proteases bring in terms of improved product quality, enhanced production processes, and more sustainable waste management practices.
Based on Application, the oil treatment segment is estimated to account for the highest growth of the industrial enzymes market
Enzymes are increasingly in demand for oil treatment applications, particularly in Enhanced Oil Recovery (EOR) techniques. They offer valuable benefits in modifying the properties of reservoir fluids to enhance oil extraction. By reducing the viscosity of the oil and increasing its flowability, enzymes facilitate improved oil displacement and extraction rates. This translates into enhanced production rates and increased oil recovery.
In addition, enzymes play a critical role in the emulsification and demulsification processes involved in oil treatment. Emulsification refers to the breakdown of oil-water interfaces, enabling the efficient separation of oil from water during extraction or production processes. Demulsification, on the other hand, involves breaking down stable oil-water emulsions, allowing for the effective removal of water from crude oil. Enzymes act as catalysts in these processes, significantly enhancing the efficiency of oil-water separation.
These enzyme-driven advancements in oil treatment offer significant business benefits. By improving oil extraction rates, companies can achieve higher production levels and increased profitability. Moreover, the effective separation of oil and water enhances the quality of extracted oil, resulting in higher value and improved product purity. The utilization of enzymes in these processes contributes to more efficient and cost-effective oil treatment operations, delivering competitive advantages for businesses operating in the oil and gas industry.
Based on Source, the plant-based enzymes segment is estimated to account for the second-highest growth of the market
The demand for plant-based enzymes is rising due to their ability to address specific dietary restrictions and allergies. Individuals who are lactose intolerant or follow religious or cultural dietary restrictions prohibiting animal-derived ingredients can find plant-based enzymes suitable alternatives. Additionally, consumer concerns about product ingredients have fueled the demand for plant-based enzymes. They are perceived as natural and clean-label ingredients since they are derived from plants without the use of GMOs or synthetic chemicals. This clean-label trend has resulted in an increased preference for plant-based enzymes as substitutes for animal-based or synthetic enzymes.
North America: Industrial Enzymes Market Snapshot
North America had a market size of USD 2.3 billion in 2023, and the market is projected to grow with a CAGR of 5.8% during the forecast period (2023-2028)
The demand for enzymes in North America is experiencing notable growth due to several factors that create a favorable business environment for enzyme manufacturers and users. Governments in the region have implemented supportive policies and incentives, such as tax incentives, grants, and regulations promoting the adoption of sustainable technologies. This regulatory support encourages businesses to embrace eco-friendly solutions, including enzymes, resulting in market growth.
In North America, there is a strong emphasis on sustainability and environmentally friendly practices. Enzymes offer a sustainable alternative to traditional chemical processes due to their biodegradability, renewability, and minimal environmental impact. As companies strive to reduce their ecological footprint and cater to the demands of environmentally conscious consumers, they are increasingly adopting enzyme-based solutions.
Enzymes have found widespread applications in various industries across North America, including food and beverages, textiles, biofuels, and pulp and paper. These industries rely on enzymes for a wide range of processes, driving the demand for enzymes as these sectors continue to expand and evolve.
Industrial Enzymes Market Key Players
The key players in the industrial enzymes market include BASF SE (Germany), Novozymes (Denmark), DuPont (US), DSM (Netherlands), Associated British Foods plc (UK), Kerry Group plc (Ireland), Advanced Enzyme Technologies (India), and Chr. Hansen Holding A/S (Denmark).
Industrial Enzymes Market Report Scope
|
Report Metric |
Details |
|
Market size value in 2023 |
USD 7.4 billion |
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Market size value in 2028 |
USD 10.2 billion |
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Market growth rate |
CAGR 6.6% |
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Base year considered |
2022 |
|
Forecast period considered |
2023–2028 |
|
Units considered |
Value (USD) |
|
Segments covered |
By Type, Source, Application, Formulation, and Region |
|
Regions covered |
North America, Europe, Asia Pacific, South America, and RoW |
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Companies studied |
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This research report categorizes the industrial enzymes market, based on type, source, application, formulation, and region.
Target Audience
- Biofuel producers, suppliers, distributors, importers, and exporters
- Large-scale food and beverage ingredient manufacturers, processed food manufacturers, and research organizations
- leather & textile, paper & pulp, biofuel, feed, soil, water, and oil treatment manufacturers, and research organizations
- Related government authorities, commercial research & development (R&D) institutions, FDA, EFSA, USDA, FSANZ, EUFIC government agencies & NGOs, and other regulatory bodies
- Food product consumers
- Regulatory bodies, including government agencies and NGOs.
- Commercial research & development (R&D) institutions and financial institutions
- Government and research organizations
Industrial Enzymes Market Report Segmentation:
Market By Type
- Carbohydrases
- Proteases
- Lipases
- Polymerases & Nucleases
- Other Types
Market By Source
- Microorganism
- Plant
- Animal
Market By Application
- Food & Beverages
- Bioethanol
- Textiles & Leather
- Detergents
- Paper & Pulp
- Wastewater Treatment
- Feed
- Soil Treatment
- Oil Treatment
- Other Applications
Market By Formulation
- Lyophilized powder
- Liquid
Market By Region:
- North America
- Europe
- Asia Pacific
- South America
- Rest of the World (RoW)
Recent Developments
- In January 2023, the collaboration between BASF and Cargill was expanded to include the US production and distribution of feed enzymes. Together, the two companies are committed to developing market-leading enzyme-based solutions and providing consumers of animal feed with special value. By combining the skills of Cargill in application knowledge and market reach with the strengths of BASF in enzyme research and development, the partners will build a common innovation pipeline for producers of animal protein.
- In December 2021, Advanced Enzyme Technologies and Azelis Singapore Pte. signed an exclusive distribution agreement for the distribution of food enzymes and probiotics for the food & dietary supplement segments in Indonesia, Malaysia, the Philippines, Vietnam, Thailand, and Singapore. Azelis is a top provider of innovative services to the specialty chemical and food ingredients sectors globally.
- In November 2020, Novozymes and Givaudan (Switzerland) made a partnership, and they will combinedly work on the research and development of innovative sustainable solutions in the food and cleaning industry.
Frequently Asked Questions (FAQ):
Which region is projected to account for the largest share of the industrial enzymes market?
The market is expected to grow in North America and is expected to dominate during the forecast period. The region benefits from a strong R&D infrastructure, advanced manufacturing capabilities, and a significant market demand for enzyme-based solutions, contributing to the growth of the industry.
What is the forecasted size of the global industrial enzymes market?
The global industrial enzymes market is projected to reach USD 10.2 Billion by 2028 growing at a CAGR of 6.6% from 2023 to 2028.
Which are the major industrial enzyme types considered in the study and which segments are projected to have promising growth rates in the future?
All the major types of industrial enzymes include carbohydrases, Proteases, Lipases, Polymerases & nucleases, and Other Types. Carbohydrases are anticipated to witness the highest growth rate with a CAGR of 6.5% during the forecast period.
Which are the key players in the market, and how intense is the competition?
The key players in the industrial enzymes market include BASF SE (Germany), Novozymes (Denmark), DuPont (US), DSM (Netherlands), Associated British Foods plc (UK), Kerry Group plc (Ireland), Advanced Enzyme Technologies (India), and Chr. Hansen Holding A/S (Denmark).
The industrial enzymes market witnesses increased scope for growth. The market is seeing an increase in the number of mergers and acquisitions and new product launches. Moreover, the companies involved in the production of industrial enzymes are investing a considerable proportion of their revenues in research and development activities.
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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 forecasting, 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
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|
COMPANY NAME |
DESIGNATION |
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BASF |
General Manager |
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DuPont |
Sales Manager |
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DSM |
Director |
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Creative Enzyme |
Individual Industry Expert |
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Chr. Hansen Holding A/S |
Marketing Manager |
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Novozymes |
Sales Executive |
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Kerry Group plc |
Sales Manager |
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Amano Enzyme Inc. |
Individual Industry Expert |
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Associated British Foods plc. |
Manager |
|
Advanced Enzyme Technologies |
Individual Industry Expert |
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
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Global Industrial Enzymes Market: Top-Down Approach
Data Triangulation
After arriving at the overall size from the 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.
Market Definition
The industrial enzymes 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 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)
Generating Response ...
Growth opportunities and latent adjacency in Industrial Enzymes Market