Global Industrial Enzymes Market

Global Industrial Enzymes Market, By Type (Carbohydrases [Amylases, Cellulase, and Others], Proteases, Lipases, Ploymerases & Nucleases, and Others); By Source (Plants, Animals, and Micro-Organisms); By Application (Food & Beverages, Detergents, Animal Feed, Biofuels, Textiles, Pulp & Paper, and Others); By Region (North America, Europe, the Asia-Pacific, Latin America, and the Middle East & Africa) Trend Analysis, Competitive Market Share & Forecast, 2017-2027

  • Published Date: September 2021
  • Report ID: BWC21108
  • Available Format: PDF
  • Page: 200

Report Overview

Global industrial enzymes market is witnessing growth due to rising environmental concerns, increased demand for bioethanol, and developments in R&D efforts. Furthermore, the multifunctional advantages of industrial enzymes in many applications and technical advances to reduce chemical usage is likely to contribute to the market's growth throughout the forecast period.

Global Industrial Enzymes Market- Industry Trends & Forecast Report 2027

Global industrial enzymes market was worth USD 6.0 billion in 2020 and is further projected to reach USD 9.2 billion by 2027, at a CAGR of 6.8% during the forecast period (2021-2027). Rising product demand from end-use industries such as biofuel, domestic cleaning, animal feed, and food & beverage is predicted to propel industry growth throughout the forecast period. Rising demand for carbohydrase and proteases in food and beverage applications, particularly in Asia Pacific's emerging economies like China, India, and Japan, is likely to boost the market. Additionally, the nutraceutical industry and increasing industrialization are driving the demand for industrial enzymes.

Global Industrial Enzymes Market

Source: Blue Weave Consulting

Global Industrial Enzymes Market Overview

Cheese, whiskey, bread, and fruit beverages are all made with industrial enzymes. Enzymes are complex proteins that lead to the acceleration of biological reactions. Both the food & beverage industry and the cleaning agent industry use industrial enzymes heavily. Plant tissue, animal tissue, and microbes are all used for their production. Almost all industrial enzymes are produced through fermentation. In addition to increasing efficiency in manufacturing, industrial enzymes assist various businesses in securing the quality and consistency of their products. They also help the environment by using less energy, water, and raw materials and producing less waste.

Global Industrial Enzymes Market Trend

Growth Drivers

Rising Environmental Concerns and Demand for Bioethanol is Driving the Market Growth

The biofuels market is being propelled by growing awareness of the depletion of fossil fuel resources and their impact on the environment. According to the World Economic Forum, the United States generates 20% of all world fossil fuels, followed by Russia and Iran. Then there's Canada, which produces slightly less than 5% of all fossil fuels worldwide. Thus, it can be concluded that, considering the increasing use of industrial enzymes for biofuel production and the growing concern over the environment on a global level, the global industrial enzyme market is likely to grow positively over the forecast period.

Restraints

Stringent Regulatory Framework

According to the Association of Manufacturers & Formulators of Enzyme Products (AMFEP), industrial enzymes used in bioethanol, paper & pulp, and textile & leather processing must be registered under the EU REACH Regulation [Regulation 1907/2006 (for “Registration, Evaluation, and Authorization of Chemicals”)] before being manufactured or imported in the EU in quantities less than one tonne per year. The European Chemicals Agency (ECHA) is in charge of overseeing the European registration process. Before launching products on the market, manufacturers must follow certain labeling, packaging, and mixing guidelines. These guidelines provide how to assess the safety of enzymes in specific applications. Furthermore, various regulatory structures impede international trade, inhibiting the expansion of the industrial enzymes market.

Impact of COVID-19

The COVID-19 has negatively impacted the global industrial enzyme market. Following the end of the lockdown restrictions, demand for food, biological components, and cosmetics has been restored, indicating a favorable environment for the expansion of the industrial enzyme industry. However, post-pandemic, there is likely to be a significant increase in industrial enzyme consumption, which is expected to drive the market forward over the forecast period. Furthermore, to supply better quality items in the industry, competitors worldwide are focused on forming collaborations and partnerships. For instance, Carbios, a key player in the enzymes industry, has partnered with Novozymes to consolidate its patented enzyme manufacturing techniques, which are expected to play an essential role in recycling PET plastics and fibers.

Although cosmetics and food demand were high during the outbreak, the prolonged closures are expected to stifle market growth. Due to various strategies adopted by manufacturers, the market is expected to grow positively during the forecast period.
 

Global Industrial Enzymes Market: By Source

Based on source, the global industrial enzymes market is grouped into plants, animals, and microorganisms. The microorganisms segment held the largest market share in 2020 and is likely to dominate the market during the forecast period. Microbially produced industrial enzymes are less expensive to produce and more stable than enzymes derived from other sources. Moreover, they can be produced more cost-effectively using fermentation processes that require less time and space because of their high consistency and ability to break down a wide range of complex substrates into valuable energy sources. The growing acceptance of microorganisms as industrial enzyme sources among manufacturers is likely to drive the segment's growth in the global industrial enzyme market during the forecast period.

Industrial Enzymes Market

Source: BlueWeave Consulting

Global Industrial Enzymes Market: By Application

Based on applications, the global industrial enzymes market is fragmented into food & beverages, detergents, animal feed, biofuels, textiles, pulp & paper, and others. Among these, the food & beverages segment held the largest market share in 2020 and is likely to dominate the overall segment in the market during the forecast period. Food and beverage production depends on industrial enzymes. In the food processing sectors such as baking, dairy, cereal extraction, and brewing, specific enzyme products, and custom solutions are required for cheese, fruit, vegetable processing, fats, oils, grains, and protein processing. Moreover, using specialized enzyme solutions, food and beverage manufacturers can improve the quality of their end products, increase yield, optimize resources, reduce prices, reduce pollution, and reduce waste. Because of this, industrial enzymes are being used more and more in the food and beverage sector, driving growth in the global industrial enzyme market.

Global Industrial Enzymes Market: Regional Insights

Geographically, the global industrial enzymes market is categorized into North America, Europe, the Asia-Pacific, the Middle East & Africa, and Latin America. Among all the regions, North America held the largest share in the industrial enzymes market in 2020. However, Europe is the second-largest market and is likely to witness significant growth during the forecast period. Europe is a large producer of pharmaceuticals, cosmetics, and therapeutic products. Additionally, the presence of major pharmaceutical and cosmetic companies in the region, such as Novartis AG, Sanofi, Hoffmann-La Roche Ltd., GlaxoSmithKline plc., AstraZeneca, Bayer AG, Novo Nordisk A/S, Merck KgaA, Unilever, L'Oréal, New Avon Company, Beiersdorf, and Henkel AG & Co., is expected to drive industrial enzyme demand during the forecast period.

Regional Insights

Source: BlueWeave Consulting

Competitive Landscape

The industrial enzymes market is fragmented due to the presence of various domestic and international players. Additionally, the emergence of new players has resulted in healthier competition among long-established service providers in the industry. Some key players in the global industrial enzymes market are BASF SE, Novozymes, DuPont Danisco, DSM, NOVUS International, Associated British Foods Plc, Advanced Enzyme Technologies, Chr. Hansen Holding A/S, Lesaffre, Adisseo, Enzyme Development Corporation, Aumgene Biosciences, Megazyme, Enzyme Supplies, Creative Enzymes, Enzyme Solutions, Enzymatic Deinking Technologies, Biocatalysts, Sunson Industry Group, Metgen, Denykem, Tex Biosciences, and other prominent players.

 

Recent Developments

In July 2021, DSM, a company focused on Nutrition, Health and Sustainable Living, and METEX NØØVISTA, a biological chemistry company focused on developing and industrializing competitive and sustainable fermentation processes, announced that their PDO cosmetic grade has begun commercial production.

 

  • In October 2020, BASF expanded its Lavergy® enzyme product line with the development of detergent enzyme technologies. In conjunction with other quality ingredients from the BASF Home Care and I&I portfolios, Cellulase Lavergy® C Bright 100 L creates a sustainable, superior performance alternative.

Scope of the Report

Attribute

Details

Years Considered

Historical data – 2017-2020

Base Year – 2020

Forecast – 2021 – 2027

Facts Covered

Revenue in USD billion

Market Coverage

U.S, Canada, France, Germany, United Kingdom, Rest of the Europe, Japan, China, India, New Zealand, Australia, Rest of the APAC, Brazil, Mexico, Rest of the Latin America, South Africa, Saudi Arabia, UAE, and Rest of MEA.

Product/Service Segmentation

By Type, By Source, By Application, and By Region

Key Players

Key Players for the market Some of the key players include BASF SE, Novozymes, DuPont Danisco, DSM, NOVUS International, Associated British Foods Plc, Advanced Enzyme Technologies, Chr. Hansen Holding A/S, Lesaffre, Adisseo, Enzyme Development Corporation, Aumgene Biosciences, Megazyme, Enzyme Supplies, Creative Enzymes, Enzyme Solutions, Enzymatic Deinking Technologies, Biocatalysts, Sunson Industry Group, Metgen, Denykem, Tex Biosciences and other prominent players.

 

  • By Type
        • Carbohydrases
          • Amylases
          • Cellulase
          • Others
        • Proteases
        • Lipases
        • Polymerases & Nucleases
        • Others
  • By Source
        • Plants
        • Animals
        • Micro-organisms
  • By Application
        • Food & Beverages
        • Detergents
        • Animal Feed
        • Biofuels
        • Textiles
        • Pulp & Paper
        • Others
  • By Region
        • North America
        • Europe
        • The Asia-Pacific
        • Latin America
        • The Middle East and Africa

Frequently Asked Questions:

Ans: The global industrial enzymes market has reached USD 6.0 billion in 2020.
Ans: The rising product demand from end-use sectors such as biofuel, household cleaning, animal feed, and food and beverage is expected to drive industry expansion. The market is expected to be driven by rising demand for carbohydrase and proteases in food and beverage applications, particularly in Asia Pacific's expanding economies like China, India, and Japan.
Ans: The key players in the global industrial enzymes market are BASF SE, Novozymes, DuPont Danisco, DSM, NOVUS International, Associated British Foods Plc, Advanced Enzyme Technologies, Chr. Hansen Holding A/S, Lesaffre, Adisseo, Enzyme Development Corporation, Aumgene Biosciences, Megazyme, Enzyme Supplies, Creative Enzymes, Enzyme Solutions, Enzymatic Deinking Technologies, Biocatalysts, Sunson Industry Group, Metgen, Denykem, Tex Biosciences and other prominent players.
Ans: Based on source, the microorganisms segment accounted for the largest share in the global industrial enzymes market.
Ans: North America has accounted for the largest share in the global industrial enzymes market.