[Latest] Global Industrial Enzymes Market Size/Share Worth

Austin, TX, USA, May 13, 2024 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Industrial Enzymes Market Size, Trends and Insights By Type (Carbohydrases, Proteases, Polymerases & Nucleases, Lipase, Phytase, Others), By Source (Plants, Animals, Microorganisms), By Application (Food & Beverages, Personal & Household Care, Animal Feed, Bio-energy, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033” in its research database.

“According to the latest research study, the demand of global Industrial Enzymes Market size & share was valued at approximately USD 12.34 Billion in 2023 and is expected to reach USD 13.18 Billion in 2024 and is expected to reach a value of around USD 25.42 Billion by 2033, at a compound annual growth rate (CAGR) of about 6.79% during the forecast period 2024 to 2033.”

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Industrial Enzymes Market: Overview

Industrial enzymes are specialized catalysts that accelerate biochemical reactions in various industrial processes, finding extensive applications across sectors such as food and beverages, pharmaceuticals, textiles, and biofuels. These enzymes enhance process efficiency, reduce energy consumption, and offer environmentally friendly alternatives to traditional chemical methods.

The market is driven by the increasing demand for biofuels, where enzymes play a crucial role in breaking down biomass into fermentable sugars, thus contributing to biofuel production efficiency. For example, Novozymes experienced a notable increase in enzyme sales for biofuel production, with a 10% rise in revenue in 2023 compared to the previous year.

Additionally, the growth of the food and beverage industry fuels the demand for industrial enzymes, which are used to enhance texture, flavor, and nutritional content. AB Enzymes, for instance, witnessed a surge in demand for enzyme solutions in the food industry, leading to a revenue increase of 15% in 2023.

Stringent regulations regarding enzyme usage in industries, particularly in the food and pharmaceutical sectors, pose hurdles to market growth. For instance, the FDA imposes rigorous testing and approval processes for enzyme applications in food processing.

Moreover, industrial enzyme production requires sophisticated equipment and specific conditions, leading to high manufacturing costs, thus challenging companies to maintain competitive pricing while ensuring quality.

The market presents significant opportunities driven by factors such as increased awareness of enzyme applications in various sectors. The rising adoption of enzymes in food processing, pharmaceuticals, and biotechnology indicates substantial market potential.

Government initiatives promoting biofuel production and sustainable practices further contribute to market growth. For instance, incentives and subsidies encourage industries to adopt enzymatic processes for sustainable production.

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Ginkgo Bioworks’ launch of Ginkgo Enzyme Services and Lallemand Inc.’s utilization of advanced technologies in enzyme production processes are enhancing efficiency and reducing costs, thus expanding market accessibility.

Segmentation of the industrial enzymes market includes categorization based on type and source. Carbohydrases dominated the market in 2022 with a market share of 31%, owing to their wide-ranging applications in food processing, textiles, and biofuels.

Proteases, another dominant segment, find extensive use in detergent manufacturing, food processing, and the pharmaceutical industries. Plant-derived enzymes held the largest market share in 2022 (45%), followed by animal and microorganism-derived enzymes, driven by their widespread availability and ease of extraction.

North America emerged as the dominant region in the industrial enzymes market in 2022, accounting for a market share of 32%. The region benefits from established industries, stringent regulatory frameworks promoting enzyme usage, and robust investment in research and development.

These regions lead in enzyme adoption across various sectors including food and beverages, pharmaceuticals, and biotechnology. Europe shows significant growth potential, driven by rapid industrialization, increasing demand for processed food, and rising awareness of enzyme applications.

Report Scope

Feature of the Report	Details
Market Size in 2024	USD 13.18 Billion
Projected Market Size in 2033	USD 25.42 Billion
Market Size in 2023	USD 12.34 Billion
CAGR Growth Rate	6.79% CAGR
Base Year	2023
Forecast Period	2024-2033
Key Segment	By Type, Source, Application and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

(A free sample of the Industrial Enzymes report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

Introduction, Overview, and in-depth industry analysis are all included in the 2024 updated report.
The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
About 220+ Pages Research Report (Including Recent Research)
Provide detailed chapter-by-chapter guidance on the Request.
Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2024
Includes Tables and figures have been updated.
The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
Custom Market Insights (CMI) research methodology

(Please note that the sample of the Industrial Enzymes report has been modified to include the COVID-19 impact study prior to delivery.)

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Recent developments in the market include strategic investments and acquisitions. Paine Schwartz Partners’ investment in Elemental Enzymes, Kerry Group plc’s acquisition of part of Chr. Hansen Holding A/S and Novozymes A/S’ lactase enzyme business, and AB Enzymes’ joint venture with a Chinese company to manufacture food sector enzymes are notable examples. These developments underscore the dynamic nature of the industrial enzymes market and the efforts of key players to expand their market presence and capabilities.

Key questions answered in this report:

What is the size of the Industrial Enzymes market and what is its expected growth rate?
What are the primary driving factors that push the Industrial Enzymes market forward?
What are the Industrial Enzymes Industry's top companies?
What are the different categories that the Industrial Enzymes Market caters to?
What will be the fastest-growing segment or region?
In the value chain, what role do essential players play?
What is the procedure for getting a free copy of the Industrial Enzymes market sample report and company profiles?

Key Offerings:

Market Share, Size & Forecast by Revenue | 2024−2033
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Industrial Enzymes Market: Regional Analysis

By region, the Global Industrial Enzymes Market is segmented into North America, Europe, Asia-Pacific, and LAMEA. North America dominated the global market in 2022 with a market share of 32% in 2022 and is expected to keep its dominance during the forecast period 2024-2032.

North America emerged as a dominant region in the industrial enzymes market due to the presence of established industries, stringent regulatory frameworks promoting enzyme usage, and robust investment in research and development.

These regions lead in enzyme adoption across various sectors including food and beverages, pharmaceuticals, and biotechnology. Europe shows significant growth potential driven by rapid industrialization, increasing demand for processed food, and rising awareness of enzyme applications in diverse industries.

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Browse the full “Industrial Enzymes Market Size, Trends and Insights By Type (Carbohydrases, Proteases, Polymerases & Nucleases, Lipase, Phytase, Others), By Source (Plants, Animals, Microorganisms), By Application (Food & Beverages, Personal & Household Care, Animal Feed, Bio-energy, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033” Report at https://www.custommarketinsights.com/report/industrial-enzymes-market/

List of the prominent players in the Industrial Enzymes Market:

Novozymes
DuPont
Royal DSM
AB Enzymes
BASF
Kerry Group
Longda Bio-products
Hansen Holding A/S
Lallemand Inc.
Amano Enzyme Inc.
Advanced Enzyme Technologies Ltd.
Biocatalysts Ltd.
Roche Holding AG
Dyadic International Inc.
Enzyme Development Corporation
Maps Enzymes Ltd.
Enzyme Supplies Limited
Creative Enzymes
Jiangsu Boli Bioproducts Co. Ltd.
Specialty Enzymes & Biotechnologies Co.
Others

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The Industrial Enzymes Market is segmented as follows:

By Type

Carbohydrases
Proteases
Polymerases & Nucleases
Lipase
Phytase
Others

By Source

Plants
Animals
Microorganisms

By Application

Food & Beverages
Personal & Household Care
Animal Feed
Bio-energy
Others

Click Here to Get a Free Sample Report of the Global Industrial Enzymes Market @ https://www.custommarketinsights.com/report/industrial-enzymes-market/

Regional Coverage:

North America

U.S.
Canada
Mexico
Rest of North America

Europe

Germany
France
U.K.
Russia
Italy
Spain
Netherlands
Rest of Europe

Asia Pacific

China
Japan
India
New Zealand
Australia
South Korea
Taiwan
Rest of Asia Pacific

The Middle East & Africa

Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa

Latin America

Brazil
Argentina
Rest of Latin America

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This Industrial Enzymes Market Research/Analysis Report Contains Answers to the following Questions.

Which Trends Are Causing These Developments?
Who Are the Global Key Players in This Industrial Enzymes Market? What are Their Company Profile, Product Information, and Contact Information?
What Was the Global Market Status of the Industrial Enzymes Market? What Was the Capacity, Production Value, Cost and PROFIT of the Industrial Enzymes Market?
What Is the Current Market Status of the Industrial Enzymes Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Industrial Enzymes Market by Considering Applications and Types?
What Are Projections of the Global Industrial Enzymes Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
What Is Industrial Enzymes Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is the Economic Impact On Industrial Enzymes Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
What Are Market Dynamics of Industrial Enzymes Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Industrial Enzymes Industry?

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Reasons to Purchase Industrial Enzymes Market Report

Industrial Enzymes Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
Industrial Enzymes Market report outlines market value (USD) data for each segment and sub-segment.
This report indicates the region and segment expected to witness the fastest growth and dominate the market.
Industrial Enzymes Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
Industrial Enzymes Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

The study provides a thorough overview of the global Industrial Enzymes market. Compare your performance to that of the market as a whole.

Aim to maintain competitiveness while innovations from established key players fuel market growth.

Buy this Premium Industrial Enzymes Research Report | Fast Delivery Available - [220+ Pages] @ https://www.custommarketinsights.com/report/industrial-enzymes-market/

What does the report include?

Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Industrial Enzymes market analysis.

The competitive environment of current and potential participants in the Industrial Enzymes market is covered in the report, as well as those companies' strategic product development ambitions.

According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

Participants and stakeholders worldwide Industrial Enzymes market should find this report useful. The research will be useful to all market participants in the Industrial Enzymes industry.
Managers in the Industrial Enzymes sector are interested in publishing up-to-date and projected data about the worldwide Industrial Enzymes market.
Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Industrial Enzymes products' market trends.
Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.

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