Industrial Enzymes Market Size to Reach USD 8400.4 Million by 2027 at a CAGR of 4.9% | Valuates Reports
BANGALORE, India, Oct. 7, 2021 /PRNewswire/ -- The Industrial Enzymes Market is Segmented by Type (Saccharifying Enzyme, Amylase, Protease, Lipases), by Application (Food and Beverage, Detergents, Animal Feed, Textile, Pulp and Paper, Bioenergy). Global Opportunity Analysis and Industry Forecast, 2021 - 2027. It is published in Valuates Reports under the Chemicals Industry.
In 2020, the global Industrial Enzymes market size was USD 6006.5 Million and it is expected to reach USD 8400.4 Million by the end of 2027, with a CAGR of 4.9% during 2021-2027.
Enzymes are protein molecules functioning as specialized catalysts for chemical reactions. They have contributed greatly to the traditional and modern chemical industry by improving existing processes. Enzymes are natural catalysts. They are produced by living organisms to increase the rate of an immense and diverse set of chemical reactions required for life. They are involved in all processes essential for life such as DNA replication and transcription, protein synthesis, metabolism and signal transduction, etc.
Major factors driving the growth of industrial enzymes market are:
During the forecast period, rising product demand from end-use sectors such as household cleaning, animal feed, and food and beverage is expected to drive market expansion.
The quest for higher-quality meals with more natural flavor and taste has become a popular trend among today's customers. As a result of this tendency, the creation of flavorful and delicious processed meals employing industrial enzyme applications became necessary. These enzymes function as catalysts by assisting in the breakdown of vitamins and nutrients in metabolic processes as well as the interconversion of complex compounds to simpler ones.
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Trends influencing the growth of the industrial enzymes market
Many foods and beverage components and products require the use of enzymes for processing. To retain the flavor and texture of food, enzymes catalyze critical, very specialized reactions under particular circumstances. Enzymes are commonly used in food processing in accordance with "clean label" and "all-natural" labeling. Thus the growing use of enzymes in food processing and the demand for all-natural products are expected to drive the growth of the industrial enzymes market.
The growing use of enzymes in the detergent industry is expected to drive the industrial enzyme market. Enzymes are used as functional components in detergents, assisting in the effective, ecologically friendly, and energy-saving cleaning of laundry and dishes. Proteases, lipases, and amylases are the three main types of detergent enzymes, each with its own set of advantages for use in laundry and automated dishwashing. Proteases were the first enzymes to be widely employed in laundry detergents, which not only improve cleaning performance but also have environmental advantages. Lipases and amylases work along with proteases to improve detergent effectiveness, especially at lower temperatures and lower pH levels in industrial cleaning processes. Cellulases help to retain the fresh look of cleaned clothing and aid to overall fabric care.
The expense of feeding livestock and poultry accounts for 60-70 percent of the overall cost of operating a livestock or poultry operation. For decades, farmers have strived to reduce this cost. This aim has become a reality thanks to the use of enzymes in animal feed, and contemporary farmers have made incredible progress in the efficient and cost-effective production of animals. This in turn is expected to drive the growth of the industrial enzymes market.
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Industrial enzymes market share
By application, the food & beverages segment is projected to account for the largest share in the industrial enzymes market during the forecast period.
North America is projected to account for the largest market share during the forecast period. Technological advancements in this region have made enzymes available for a wide range of applications, and this segment is estimated to drive the growth of the market in the region. This region is projected to be the largest market due to the development of novel and superior performing products and global industrialization. The bioethanol and food & beverage industries in this region are also witnessing a rise in the usage of enzymes.
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Industrial enzymes market segmentation
By Type
- Saccharifying Enzyme
- Amylase
- Protease
- Lipases
- Others.
By Application
- Food and Beverage
- Detergents
- Animal Feed
- Textile
- Pulp and Paper
- Bioenergy
- Others.
Key Companies
- Novozymes
- DuPont
- DSM
- Longda Bio-products
- Guangdong VTR Bio-Tech
- Vland
- SunHY
- Challenge Group
- Sunson
- Amano Enzyme
- Advanced Enzyme Technologies
- Nanning Doing-Higher Bio-Tech
- Godo Shusei
- Jiangyin BSDZYME Bio-Engineering
- Beijing Smistyle Sci. & Tech.
By Region
- North America
- Asia-Pacific
- Europe
- Latin America
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SIMILAR REPORTS
- The global enzymes market was valued at USD 8,636.8 Million in 2019, and is projected to reach USD 14,507.6 Million in 2027 at a CAGR of 6.5% from 2020 to 2027.
- The food enzymes market size was valued at USD 1,944.8 Million in 2018 and is expected to reach USD 3,056.9 Million by 2025, registering a CAGR of 5.6% from 2019 to 2026.
- The global Feed Enzymes market size is projected to reach USD 1320.9 Million by 2027, from USD 968.9 Million in 2020, at a CAGR of 5.3% during 2021-2027.
- In 2020, the global Enzyme for Pulp & Paper market size was USD 84 Million and it is expected to reach USD 114.6 Million by the end of 2027, with a CAGR of 4.5% during 2021-2027.
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