Industrial enzyme sales are expected to grow globally between 2022 and 2032 at a notable CAGR of 3.9%. The industrial enzymes market was estimated at US$ 6 billion at the end of 2021, and by the end of 2032, it is expected to reach US$ 9 billion.
Because of their excellent thermal stability and expanding use in the food and biofuel industries, demand for carbohydrases is anticipated to develop at a faster CAGR of 4.3% from 2022 to 2032. As a result, it is anticipated that this market category would hold around 44% of the global market share.
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Market Frontrunners
- AB Enzymes
- Advanced Enzyme Technologies
- Amano Enzyme Inc.
- BASF SE
- Biocatalysts
- BioResource International Inc.
Key Takeaways from Market Study
- Global industrial enzymes market to reach valuation of US$ 9 billion by 2032.
- Market in North America projected to increase at CAGR of 3.6% over forecast period.
- Market in APAC accounts for 36.6% share of global market.
- Demand for carbohydrases expected to rise at CAGR of 4.3% from 2022 to 2032.
“Rapid industrialization, new product improvements, and application base expansions are expected to create several opportunities for industrial enzyme manufacturers over the coming years,” says a Fact.MR analyst
Market trends
- Food and Beverage Industry Demand: Industrial enzymes were widely used in food and beverage processing to enhance efficiency and product quality.
- Sustainability Focus: Companies sought enzyme-based solutions to reduce environmental impact and adopt sustainable practices.
- Biotechnology Advancements: Biotechnological innovations led to more efficient and versatile enzymes for industrial applications.
- Biofuel Production: Enzymes played a pivotal role in biofuel production as the renewable energy sector expanded.
- Pharmaceutical and Healthcare Applications: Enzymes were used in pharmaceutical manufacturing and diagnostics.
- Textile and Leather: Enzymes were adopted for sustainable processes in the textile and leather industries.
- Emerging Market Growth: Enzyme use expanded in emerging economies, particularly in Asia-Pacific.
- Waste Management: Enzymes were used in waste management to break down organic waste.
- Regulatory Impact: Stricter regulations influenced how enzymes were used, especially in food safety and environmental compliance.
- Mergers and Acquisitions: Companies engaged in mergers and acquisitions to expand their enzyme portfolios and global reach.
Winning Strategy
Market players are focusing on leveraging current, environmentally-friendly technology to tailor products, improve their qualities, and set them apart from their competitors. The attention of market players has switched to the appearance of on-site enzyme production.
For instance,
- In 2020, DuPont collaborated with its Food and Beverage platform and the Institute for the Future (IFTF), the world’s foremost future institution. The agreement intends to enhance the vision in food & beverage development that forecasts industry changes.
Industry Research
- by Product Type :
- Carbohydrases
- Proteases
- Lipases
- Other Product Types
- by Application :
- Technical
- Feed Additives
- Food Processing
- by End Use :
- Food & Beverages
- Detergents
- Animal Feed
- Personal Care & Cosmetics
- Nutraceuticals
- Textiles
- Other End Uses
- by Region :
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report will improve the revenue impact of businesses in various industries by:
- Providing a framework tailored toward understanding the attractiveness quotient of various products/solutions/technologies in the market
- Guiding stakeholders to identify key problem areas pertaining to their consolidation strategies in the global market and offers solutions
- Assessing the impact of changing regulatory dynamics in the regions in which companies are keen on expanding their footprints
- Provides understanding of disruptive technology trends to help businesses make their transitions smoothly
- Helping leading companies make strategy recalibrations ahead of their competitors and peers
- Offers insights into promising synergies for top players aiming to retain their leadership position in the market.
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