Industrial Enzymes Market (Product - Carbohydrase, Proteases, Polymerases, and Others; End Use - Food & Beverage, Animal Feed, Detergents, Nutraceuticals, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

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.

Market Insight

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 biopolymers.

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 forecast period.  

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.

Segment Covered

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.

Companies Profiled:

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.

Report Highlights:

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.