Industrial Enzymes Market Size, Share | Report 2023-2032
The global industrial enzymes market was valued at USD 6.98 billion in 2022 and it is predicted to surpass around USD 13.02 billion by 2032 with a CAGR of 6.43% from 2023 to 2032.
Key Pointers
| Report Coverage | Details |
| Market Size in 2022 | USD 6.98 billion |
| Revenue Forecast by 2032 | USD 13.02 billion |
| Growth rate from 2023 to 2032 | CAGR of 6.43% |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Covered | BASF SE; Novozyme; DuPont Danisco; DSM; Novus International; Associated British Foods plc; Chr. Hansen Holding A/S; Advanced Enzyme Technologies; Lesaffre; Adisseo; Enzyme Development Corporation |
Increasing global consumption of bakery products and fruit juices is expected to fuel the demand for industrial enzymes. This factor is anticipated to contribute to the growth of the industry in the forthcoming years.
Industrial enzymes are frequently used in the food and beverage sector to increase product quality and shelf life. They are utilized in the food and beverage business in the brewing and baking processes, as well as in the dairy, starch, and sugar products that people regularly consume in large quantities. They are employed in baking applications to provide flour or dough particular qualities. They help in reducing the protein content of flour in biscuits and crackers, while their usage in bread enhances or standardizes its quality and guarantees uniform browning.
Industrial enzymes are extensively used in the food & beverage industry and since food is a basic necessity, the demand for the product expands constantly at a brisk pace. Moreover, the growing worldwide population is also projected to boost the market growth. By 2050, the world's population is expected to exceed 9.7 billion, and by 2100, it may be close to 11 billion, according to the United Nations Department of Economic and Social Affairs (UN DESA). Such factors are anticipated to prosper global industry demand over the forecast period.
The U.S. is expected to dominate the North America industrial enzymes market due to the high demand for the product from the food & beverage sector, increasing consumer awareness about health, and growing consumer inclination for functional foods. The product market in the U.S. is expected to witness notable growth on account of the extensive growth of the pharmaceutical and nutraceutical sectors in the country. Asia Pacific enzymes market, led by India, South Korea, China, and Japan is expected to observe significant growth due to the growth of detergent and pharmaceutical industries in the region.
The rising consumption of industrial enzymes in the U.S. is attributable to growing awareness regarding green technologies that improve productivity, handle environmental challenges, and improve product value. This promotes growth in the research and development sector. Furthermore, various industrial enzyme producers such as Associated British Foods plc, BASF SE, Novozymes, DuPont Danisco, and DSM, are backward integrated and are involved in the production of raw materials. This helps in reducing operating costs while maintaining the quality of the finished product. Various distribution channels, including direct supply, agreements with third parties, and online portals, are used by industry participants to distribute their products.
Industrial Enzymes Market Segmentations:
| By Product | By Source | By Application |
|
Carbohydrase Proteases Lipases Polymerases & Nucleases Others |
Plants Animals Microorganisms |
Food & Beverages Detergents Animal Feed Biofuels Textiles Pulp & Paper Nutraceutical Personal Care & Cosmetics Wastewater Agriculture Others |
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Industrial Enzymes Market
5.1. COVID-19 Landscape: Industrial Enzymes Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Industrial Enzymes Market, By Product
8.1. Industrial Enzymes Market, by Product, 2023-2032
8.1.1 Carbohydrase
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Proteases
8.1.2.1. Market Revenue and Forecast (2020-2032)
8.1.3. Lipases
8.1.3.1. Market Revenue and Forecast (2020-2032)
8.1.4. Polymerases & Nucleases
8.1.4.1. Market Revenue and Forecast (2020-2032)
8.1.5. Others
8.1.5.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Industrial Enzymes Market, By Source
9.1. Industrial Enzymes Market, by Source, 2023-2032
9.1.1. Plants
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Animals
9.1.2.1. Market Revenue and Forecast (2020-2032)
9.1.3. Microorganisms
9.1.3.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global Industrial Enzymes Market, By Application
10.1. Industrial Enzymes Market, by Application, 2023-2032
10.1.1. Food & Beverages
10.1.1.1. Market Revenue and Forecast (2020-2032)
10.1.2. Detergents
10.1.2.1. Market Revenue and Forecast (2020-2032)
10.1.3. Animal Feed
10.1.3.1. Market Revenue and Forecast (2020-2032)
10.1.4. Biofuels
10.1.4.1. Market Revenue and Forecast (2020-2032)
10.1.5. Textiles
10.1.5.1. Market Revenue and Forecast (2020-2032)
10.1.6. Pulp & Paper
10.1.6.1. Market Revenue and Forecast (2020-2032)
10.1.7. Nutraceutical
10.1.7.1. Market Revenue and Forecast (2020-2032)
10.1.8. Personal Care & Cosmetics
10.1.8.1. Market Revenue and Forecast (2020-2032)
10.1.9. Wastewater
10.1.9.1. Market Revenue and Forecast (2020-2032)
10.1.10. Agriculture
10.1.10.1. Market Revenue and Forecast (2020-2032)
10.1.11. Others
10.1.11.1. Market Revenue and Forecast (2020-2032)
Chapter 11. Global Industrial Enzymes Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Product (2020-2032)
11.1.2. Market Revenue and Forecast, by Source (2020-2032)
11.1.3. Market Revenue and Forecast, by Application (2020-2032)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Product (2020-2032)
11.1.4.2. Market Revenue and Forecast, by Source (2020-2032)
11.1.4.3. Market Revenue and Forecast, by Application (2020-2032)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Product (2020-2032)
11.1.5.2. Market Revenue and Forecast, by Source (2020-2032)
11.1.5.3. Market Revenue and Forecast, by Application (2020-2032)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Product (2020-2032)
11.2.2. Market Revenue and Forecast, by Source (2020-2032)
11.2.3. Market Revenue and Forecast, by Application (2020-2032)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Product (2020-2032)
11.2.4.2. Market Revenue and Forecast, by Source (2020-2032)
11.2.4.3. Market Revenue and Forecast, by Application (2020-2032)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Product (2020-2032)
11.2.5.2. Market Revenue and Forecast, by Source (2020-2032)
11.2.5.3. Market Revenue and Forecast, by Application (2020-2032)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Product (2020-2032)
11.2.6.2. Market Revenue and Forecast, by Source (2020-2032)
11.2.6.3. Market Revenue and Forecast, by Application (2020-2032)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Product (2020-2032)
11.2.7.2. Market Revenue and Forecast, by Source (2020-2032)
11.2.7.3. Market Revenue and Forecast, by Application (2020-2032)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Product (2020-2032)
11.3.2. Market Revenue and Forecast, by Source (2020-2032)
11.3.3. Market Revenue and Forecast, by Application (2020-2032)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Product (2020-2032)
11.3.4.2. Market Revenue and Forecast, by Source (2020-2032)
11.3.4.3. Market Revenue and Forecast, by Application (2020-2032)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Product (2020-2032)
11.3.5.2. Market Revenue and Forecast, by Source (2020-2032)
11.3.5.3. Market Revenue and Forecast, by Application (2020-2032)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Product (2020-2032)
11.3.6.2. Market Revenue and Forecast, by Source (2020-2032)
11.3.6.3. Market Revenue and Forecast, by Application (2020-2032)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Product (2020-2032)
11.3.7.2. Market Revenue and Forecast, by Source (2020-2032)
11.3.7.3. Market Revenue and Forecast, by Application (2020-2032)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Product (2020-2032)
11.4.2. Market Revenue and Forecast, by Source (2020-2032)
11.4.3. Market Revenue and Forecast, by Application (2020-2032)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Product (2020-2032)
11.4.4.2. Market Revenue and Forecast, by Source (2020-2032)
11.4.4.3. Market Revenue and Forecast, by Application (2020-2032)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Product (2020-2032)
11.4.5.2. Market Revenue and Forecast, by Source (2020-2032)
11.4.5.3. Market Revenue and Forecast, by Application (2020-2032)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Product (2020-2032)
11.4.6.2. Market Revenue and Forecast, by Source (2020-2032)
11.4.6.3. Market Revenue and Forecast, by Application (2020-2032)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Product (2020-2032)
11.4.7.2. Market Revenue and Forecast, by Source (2020-2032)
11.4.7.3. Market Revenue and Forecast, by Application (2020-2032)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Product (2020-2032)
11.5.2. Market Revenue and Forecast, by Source (2020-2032)
11.5.3. Market Revenue and Forecast, by Application (2020-2032)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Product (2020-2032)
11.5.4.2. Market Revenue and Forecast, by Source (2020-2032)
11.5.4.3. Market Revenue and Forecast, by Application (2020-2032)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Product (2020-2032)
11.5.5.2. Market Revenue and Forecast, by Source (2020-2032)
11.5.5.3. Market Revenue and Forecast, by Application (2020-2032)
Chapter 12. Company Profiles
12.1. BASF SE
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Novozyme
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. DuPont Danisco
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. DSM
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Novus International
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Associated British Foods plc
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Chr. Hansen Holding A/S
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Advanced Enzyme Technologies
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Lesaffre
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Adisseo
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers