Industrial Enzymes Market, Size, Global Forecast 2024-2030, Industry Trends, Share, Growth, Insight, Impact of Inflation, Company Analysis

Global Industrial Enzymes Market size is projected to be priced at around US$ 10.10 Billion by 2030. Enzymes play a surprisingly essential role in modern industry and are critical to producing more business products than one would initially consider. Enzymes are proteins that accelerate reactions and improve yield by increasing the availability of precursors for downstream reactions. The most apparent use for enzymes in industry is the making of cheese, bread, and alcohol. In these conventional applications, the enzymes are part of microbial machinery like bacteria or yeast. Over time, scientists have isolated specific enzymes and understood their catalytic functions well enough to integrate them with or without their microbial hosts in various surprising situations.

Global Industrial Enzymes Market is expected to see a CAGR of 6.17% between 2024 and 2030

The increasing global intake of bakery products and fruit juices is expected to propel the demand for industrial enzymes. This factor will contribute to the industry's growth in the coming years. Industrial enzymes are frequently used in the food and beverage industry to increase product quality and shelf life. They are utilized in brewing and baking procedures and in dairy, starch, and sugar products that people regularly consume in large quantities. They are used in baking to provide flour or dough with particular qualities. They help reduce the flour's protein content in biscuits and crackers, while their employment in bread amplifies or standardizes its quality and guarantees uniform browning.

Also, the ascending demand for food & beverage products is due to increasing customer awareness related to one’s health. It is expected to impact product demand positively over the forecast period. Enzymes are extracted from various sources, such as calf stomachs, microorganisms, and plant materials. Nowadays, manufacturers also produce enzymes by using transgenic microorganisms or plants. The primary companies use microorganisms such as fungi, enzyme-producing yeast, and bacteria commercially. In addition, technological advancements in the industry are considered a significant driving factor.

The US dominates the North American industrial enzymes market share because of high demand in the food and beverage sector. Growth is expected due to the development of the pharmaceutical and nutraceutical sectors. The industrial enzyme market in Asia-Pacific is supposed to grow substantially due to the expansion of the detergent and pharmaceutical sectors in India, South Korea, China, and Japan. Hence, the global industrial enzymes market size was around US$ 6.64 Billion in 2023.

The product segment of carbohydrases is currently the leading sector in the industrial enzymes market

By types, the global industrial enzyme market report is categorized into Carbohydrase, Proteases, Lipases, Polymerases & Nucleases, and Others. The carbohydrases product section dominates the industrial enzymes market. Carbohydrase enzymes are used in various applications, like pharmaceuticals, animal feed, and food and drinks. They are enzymes that convert carbohydrates like fructose and glucose into sugar syrup and are widely used in the pharmaceutical, food, and beverage industries. On the other hand, proteases are also experiencing a rise in the industrial enzymes market share. It is commonly used in food, pharmaceutical, detergent, animal feed, chemical, and photography industries for breaking down proteins.

Detergent formulations commonly use lipases and proteases, making them a critical application in the industrial enzyme market

By application, the global industrial enzymes market report is fragmented into Food & Beverages, Detergents, Animal Feed, Biofuels, Textiles, Personal Care & Cosmetics, Agriculture, and Others. The detergents are projected to become a substantial application segment in the market. Protease enzymes are most commonly found in laundry detergents. They assist in removing protein stains such as grass, blood, eggs, and human sweat. Lipases are also widely used to remove greasy stains such as salad oil, frying fats, butter, lipstick, difficult stains on collars and cuffs, and sauces. However, the demand for biofuels is also expected to rise because of the depletion of fossil fuels and the need for green alternatives.

The microorganism source segment is anticipated to experience substantial growth in the industrial enzyme market share

The global industrial enzymes market share is segmented by source into Microorganisms, Plants, and Animals. The microorganism source segment is expected to grow significantly during the forecast period. There are three types of microorganism-based enzymes: bacterial, fungal, and yeast. Industrial enzymes obtained from mushrooms consists of phenol oxidases, esterases, and hydrolases. Bacillus is the general origin of bacterial enzymes. The bulk of industrial enzymes are used in detergents, pharmaceuticals, and the food and beverage industries. Fungal enzymes have a wide range of applications and are employed in the manufacturing and preparing various foods, like beer, soy sauce, dairy products, processed fruits, and baked goods.

North America is expected to grow significantly and lead the global industrial enzymes market

By countries, the global industrial enzymes market share is divided into North America (United States and Canada), Europe (France, Germany, Italy, Spain, United Kingdom, Belgium, Netherlands, Turkey), Asia Pacific (China, Japan, India, Australia, South Korea, Thailand, Malaysia, Indonesia, New Zealand), Latin America (Brazil, Mexico, Argentina), Middle East & Africa (South Africa, Saudi Arabia, and the United Arab Emirates). North America dominated with the highest share in the global industrial enzyme market. This is attributable to the strong presence of various end-use businesses in the food and beverage, laundry detergent, pharmaceuticals, and personal care and cosmetics sectors, along with the high scope for R&D activities in essential countries in the area. For instance, technological advancements help source genetically modified organism strains from microorganisms, improving food items' efficiency through food enzymes.

Key Players

BASF SE, Advanced Enzyme Technologies, Novozymes, DuPont Danisco, DSM, Kerry Group PLC, Dyadic International Inc., and Associated British Foods Plc are leading global industrial enzymes market report companies.

In January 2023 - Novozymes declared its investment in Lyras' microbial control technology, aimed at reducing downtime, increasing efficiency, and saving costs.

In August 2022 - BASF sold its BASF Nutrilife baking enzymes business to Lallemand Inc., an enzyme manufacturer with a unique product portfolio that includes yeast and bacteria technology platforms.

The report titled “Global Industrial Enzymes Market By Types (Carbohydrase, Proteases, Lipases, Polymerases & Nucleases, and Others), Applications (Food & Beverages, Detergents, Animal Feed, Biofuels, Textiles, Personal Care & Cosmetics, Agriculture, and Others), Sources (Microorganisms, Plants, and Animals), Countries (North America (United States and Canada), Europe (France, Germany, Italy, Spain, United Kingdom, Belgium, Netherlands, Turkey), Asia Pacific (China, Japan, India, South Korea, Thailand, Malaysia, Indonesia, Australia, New Zealand), Latin America (Brazil, Mexico, Argentina), Middle East & Africa (Saudi Arabia, the United Arab Emirates, and South Africa)), Company Analysis (BASF SE, Advanced Enzyme Technologies, Novozymes, DuPont Danisco, DSM, Kerry Group PLC, Dyadic International Inc., and Associated British Foods Plc)” provides a complete study of Global Industrial Enzymes Industry.

Types - Global Industrial Enzymes Market breakup in 5 viewpoints:

1. Carbohydrase
2. Proteases
3. Lipases
4. Polymerases & Nucleases
5. Others

Application - Global Industrial Enzymes Market breakup in 8 viewpoints:

1. Food & Beverages
2. Detergents
3. Animal Feed
4. Biofuels
5. Textiles
6. Personal Care & Cosmetics
7. Agriculture
8. Others

Sources - Global Industrial Enzymes Market breakup in 3 viewpoints:

1. Microorganisms
2. Plants
3. Animals

Countries - Global Industrial Enzymes Market breakup in 25 viewpoints:

1. North America
1.1 United States
1.2 Canada
2. Europe
2.1 France
2.2 Germany
2.3 Italy
2.4 Spain
2.5 United Kingdom
2.6 Belgium
2.7 Netherlands
2.8 Turkey
3. Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 South Korea
3.5 Thailand
3.6 Malaysia
3.7 Indonesia
3.8 Australia
3.9 New Zealand
4. Latin America
4.1 Brazil
4.2 Mexico
4.3 Argentina
5. Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 South Africa

All the Key players have been covered from 3 Viewpoints:

• Overview
• Recent Developments
• Revenue Analysis

Company Analysis:

1. BASF SE
2. Advanced Enzyme Technologies
3. Novozymes
4. DuPont Danisco
5. DSM
6. Kerry Group PLC
7. Dyadic International Inc.
8. Associated British Foods Plc