Industrial Enzymes Market

Market Leaders : BASF and Novozymes are focusing on Partnerships Acquisitions and Investment Strategies to Strengthen their Market Position in Industrial Enzymes Market

The global industrial enzymes market is estimated to be valued at USD 6.6 billion in 2021. It is projected to reach USD  9.1 billion by 2026, recording a CAGR of 6.6% during the forecast period. Enzymes are considered functional proteins, also known as catalysts, required for normal cellular functions. These catalytic proteins assist in the performance of biochemical reactions. They lower the activation energy of the reaction and then induce it. They get affected by changes in environmental factors, such as pH, temperature, and substrate concentration. Enzyme presence does not affect the nature of the end product. They find applications in food & beverages, feed, detergents, textiles & leather, paper & pulp, wastewater treatment, bioethanol, sugar processing, and other applications (starch processing, cosmetics & personal care, and oilfield chemicals).

Key players in this market include BASF (Germany), Novozymes (Denmark), DuPont (US), Kerry (Ireland), and DSM (Netherlands)

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BASF is a leading chemical company and is listed on stock exchanges in Frankfurt (Germany), London (UK), and Zurich (Switzerland). The company has 11 divisions grouped into six segments: chemicals, materials, industrial solutions, surface technologies, nutrition & care, and agricultural solutions. For financial reporting, it has organized its regional divisions into four: Europe, North America, Asia Pacific, and South America/Africa/Middle East. The nutrition & care segment offers a comprehensive range of products across human nutrition, animal nutrition, pharma solutions, and aroma ingredients. BASF operates in241 additional production sites in more than 90 countries, a few names are BASF India (India) and BASF China (China). The company’s major subsidiaries are Wintershall Holding GmbH (Germany), Cognis (Germany), Engelhard Corporation (US), and BASF Plant Science (US).

In October 2021, BASF and Cargill partnered to develop and market innovative enzyme-based solutions for the animal feed industry. The goal is to bring farmers feed innovations that reduce nutrient waste, improve feed efficiency, and promote animal growth and wellbeing.

Novozymes is a major bio-innovation company providing biological solutions, which involve various applications of enzymes and microbes. The company caters to industries, such as household care, food & beverage, bioenergy, agriculture & feed, and technical & pharma. The bioenergy segment of the company delivered strong growth in 2017. The company uses enzymes for biocatalysis. Novozymes has been catering to North America, Latin America, Asia Pacific, Europe, the Middle East, and Africa. The bioenergy segment is dominant in the North American and Latin American regions. The technical & pharma segment of the company offers enzymes for textile, pharma, and other industries.

In March 2020, Novozymes launched Saphera Fiber, a new lactase enzyme. It can be used to increase the content of fibers while reducing sugar from fermented and non-fermented dairy products. It can be used to cater to the demand for clean-label products as it can be used to manufacture dairy products sustainably with less use of artificial or chemically produced ingredients.

DuPont is a world-class multi-industry specialty solutions company with large global businesses aligned with growing, attractive end markets. It was formed in 2019 after the dissolution of DowDuPont company and now focuses on key market segments, such as electronics and imaging, nutrition and biosciences, transportation and industrial, safety and construction, and non-core operations. It offers a wide range of food enzyme products under their “nutrition and biosciences” division. “Danisco” is the company’s major brand under which DuPont offers numerous quality food enzyme solutions. Their products enhance food freshness, optimize production, add texture, ensure quality, and reduce costs of the overall food products in the end-use sectors, such as dairy, confectionery, bakery, meat, and beverages. DuPont has a strong market position in the global markets and has also established a strong distribution network. It is identified as a star player in the global food enzymes market. The company undertook a merger with International Flavors and Fragrances Inc. (US) in 2021, which has further strengthened its product portfolio for food nutrition solutions.

In January 2020, DuPont Nutrition & Biosciences (DuPont) launched NovaGARD NR 100-G, part of the DuPont Danisco range of antimicrobials. It keeps meat products safe and high in quality throughout shelf life in the Middle East and Africa (MEA).

Related Reports:

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 2026

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Industrial Enzymes Market Size,  Share & Growth Report
Report Code
FB 2277
RI Published ON
1/11/2022
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