A recent report published by
Infinium Global Research on the industrial enzymes market provides in-depth
analysis of segments and sub-segments in the global as well as regional
industrial enzymes market. The study also highlights the impact of drivers,
restraints, and macro indicators on the global and regional industrial enzymes
market over the short term as well as long term. The report is a comprehensive
presentation of trends, forecast and dollar values of the global industrial enzymes
market. According to the report, the global industrial enzymes market is
projected to grow at a CAGR of 6.44% over the forecast period of 2020-2026.
Enzymes are utilized in the food,
farming, cosmetic, and drug manufacturing facilities to control and accelerate
responses to precisely form a valuable product. Enzymes are pivotal in making
cheese, fermenting lager, preparing bread, removing natural product juice,
tanning cowhide, and significantly more. The development of the food and
beverage industry is a key point driving the development of the market.
Further, enzymes are changing the non-food industrial sector to improve cycles
and reduce energy use. The industrial uses of enzymes are additionally
expanding since they are being utilized in the manufacturing of biofuels and
The current outbreak of COVID-19
has a slight impact on the industrial enzyme market. In addition, the key
companies manufacturing industrial enzymes have shifted their focus and are
currently working on the production of sanitizers to fight against COVID-19.
BASF, a major player in the industrial enzyme-producing company, has started
production of hand sanitizer in New York and New Jersey in April 2020. However,
several other companies operating in the industrial enzyme market are ramping
up their production capacities for increasing the production and supply of
immunity-building products because of the COVID-19 pandemic crisis, which is
likely to drive the demand for enzymes in the global market, during the
The demand for industrial enzymes
is continuously rising driven by a growing need for sustainable solutions.
Nearly 150 industrial processes use enzymes. Also, constant upgrades and
innovations in enzyme manufacturing technology expand the diversity of enzyme
applications in food technology and several related sectors. Increased demand
for food and energy all over the globe because of economic improvement, growing
population, and urbanization in the world, besides expanding fuel ethanol
market are also among the chief factors influencing the upward market demand
for industrial enzymes. Moreover, growing research and development in
bioprocessing technology and the rising use of recombinant techniques
significantly develop fermentation yields, increased stability, and altered
specificity and selectivity of enzymes.
Among the geographies, the North
America region dominates the global industrial enzymes market owing to the
strong presence of numerous end-use industries, such as pharmaceuticals, food
and beverage, laundry detergent, and personal care and cosmetics. Furthermore,
Europe is expected to hold a significant share in the global industrial enzymes
market due to the high scope for research & development activities in the
major countries of the region. The global industrial enzymes market in the Asia
Pacific region is projected to witness the fastest growth owing to the high
adoption of industrial enzymes from the flourishing textile and chemical
industry in the region. Latin America and Middle East & Africa are likely
to expand at a healthy pace in the coming years owing to the rising demand for
enzymes from the food industry are likely to boost demand for the industrial
enzymes market in the region.
The report on the global industrial
enzymes market covers segments such as product, and end use. On the basis of
product, the sub-markets include carbohydrase, proteases, polymerases, and
others. On the basis of end use, the sub-markets include food & beverage,
animal feed, detergents, nutraceuticals, and others.
The report provides profiles of
the companies in the market such as Novozymes A/S, BASF SE, DSM NV, DuPont
Danisco Cellulosic Ethanol LLC, Associated British Foods plc, Bluestar Adisseo
Company, Novus International Inc., Advanced Enzyme Technologies Ltd, Chr.
Hansen Holding A/S, and Enzyme Development Corporation.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the industrial enzymes market. Moreover, the study highlights current
market trends and provides forecasts from 2020-2026. We also have highlighted
future trends in the market that will affect the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players.