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Industrial Enzymes Market, Global Forecast, Impact of COVID-19, Industry Trends, Growth, Opportunity By Types, and Company Analysis

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    Report

  • 130 Pages
  • July 2021
  • Region: Global
  • Renub Research
  • ID: 5393522
Enzymes are biological catalysts; they accelerate a chemical reaction. Globally, enzymes are used in industries like Biofuel, cleaning products/detergents, food, animal feed, textile and speciality. Further, the market for industrial enzymes is continuously rising, owing to the growing need for sustainable solutions. Advancement in biotechnology, especially in protein engineering, has also brought in new probiotic products, driving the industrial enzymes market to the next level. According to the publisher, the Global Enzymes Market is projected to reach US$ 17.4 Billion by 2027.



Carbohydrases, Amylases, Cellulases, Proteases and Lipases are major variants existing in the global Enzymes Market. By Types, these enzymes are used in numerous industries. For instance, the food industry primarily uses carbohydrases in baking for manufacturing fruit juices, winemaking and cheese manufacturing. Similarly, other applications of Carbohydrases are detergents, textiles & leather, and bioethanol. Carbohydrases also have added advantages to various industrial applications due to their low cost, less time & space consumption, and ease in modifying and optimizing the process. The Industrial Enzymes Market Size was estimated at US$ 10.6 Billion in 2020.

Besides, protease enzymes are widely used in the Speciality Industries. The Speciality Industry uses protease enzymes in a large quantity in the manufacturing of medicines. Protease enzymes treat multiple diseases such as lungs, heart, eye abnormalities, digestive tract, skin ulcers, and soreness. Thus, the Speciality Industry is expected to fuel the demand for protease enzymes in the foreseeable future. Also, with the help of developing science and technology, protease enzymes are used in the several bio-meditation process and leather treatments.

Furthermore, the Industrial Enzymes Market in North America is influenced by rising demand for enzymes from the food industry and significantly has a large consumer base by countries in the region. Nonetheless, the market in Asia-Pacific is owing to sound growth opportunities induced by soaring demand for carbohydrase and proteases in the applications of the pharmaceutical and food industry, remarkably in emerging countries such as China, India, and Japan. These countries have started investing in the biotech sector to introduce more effective global enzyme products.

Additionally, expanding investment in the food and beverage and pharmaceutical industry is anticipated to stimulate the overall industrial enzymes market. With improving disposable income, customer can now afford expensive food product, which is further expected to increase the demand for industrial enzymes products. As per our analysis, The Industrial Enzymes Industry will likely grow at a CAGR of 7.34% from 2020-2027.

Nevertheless, stringent supervision and controlled temperature & PH levels of enzymes await to restrict the market's growth to some extent. On the other hand, concerns associated with quality, safety, and consumer perception towards enzymes is the key challenge of this market.

By Sources, the Industrial Enzymes Market has been fragmented through microorganisms, plants and animals. The microorganism is the most common source of industrial enzymes holding one of the highest shares in the market.

By Application, the Global Enzymes Market has been segregated into Bio-fuel Enzymes, Cleaning Product Enzymes, Food Enzymes, Animal Feed Enzymes, Textile Enzymes and Specialty Enzymes. Amongst the segments, Specialty Enzymes Market holds a significant market existence.

By Region, we have covered North America, Asia-Pacific, Europe and the Rest of the World.. Furthermore, the Asia-Pacific region is expected to witness the highest growth in the forecasted period and is anticipated to nurture its dominance in the future years.

Some major companies operating in the industrial enzymes market are BASF SE, Advanced EnzymeTechnologies, Novozymes, DuPont Danisco, DSM and Kerry Group PLC.

COVID-19 Impact on Global Enzymes Market


The spread of COVID-19 across the globe has positively impacted the overall Industries. The rising adoption of enzymes in multiple industries such as Cleaning Product, Food, Animal Feeds, and Specialty has to propel the market growth during the COVID-19 pandemic as consumers across the world have become more alert and conscious towards their health and lifestyle.

However, Biofuel and Textile Enzymes Market's growth has been hampered by the COVID-19 pandemic. The lockdowns, social distances, and the shutdown of production plants globally have impacted the automotive industry, which in turn, negatively influenced the biofuel industry.

Similarly, the Textile Enzymes Market is no different; the operations of numerous textile industries had either been temporarily halted or were functioning with a minimal workforce due to enforced lockdowns and imposed restrictions by respective governing bodies. This factor has a significantly negative impact on the revenue growth of the Textile Enzymes Market.

This latest report Industrial Enzymes Market Global Forecast by Types (Carbohydrases, Amylases, Cellulases, Proteases, Lipases), Source (Microorganism, Plant, Animal), Application(Bio fuel, Cleaning Product, Food, Animal Feed, Textile, Specialty), Region (North America, Europe, Asia Pacific, Rest of the World), Company (BASF SE, Advanced Enzyme Technologies, Novozymes, DuPont Danisco, DSM, Kerry Group PLC) provides a detailed analysis of Enzymes Market.

By Types market has been covered from 5 viewpoints:


1. Carbohydrases
2. Amylases
3. Cellulases
4. Proteases
5. Lipases

By Source market has been covered from 3 viewpoints:


1. Microorganism
2. Plant
3. Animal

By Application market has been covered from 6 viewpoints:


1. Bio fuel Enzymes
2. Cleaning Product Enzymes
3. Food Enzymes
4. Animal Feed Enzymes
5. Textile Enzymes
6. Specialty Enzymes

By Regions market has been covered from 4 viewpoints:


1. North America
2. Europe
3. Asia-Pacific’s
4. ROW

Company Insights:

  • Overview
  • Company Initiatives
  • Sales Analysis

Companies Covered:


1. BASF SE
2. Advanced Enzyme Technologies
3. Novozymes
4. DuPont Danisco
5. DSM
6. Kerry Group PLC
Frequently Asked Questions about the Global Industrial Enzymes Market

What is the estimated value of the Global Industrial Enzymes Market?

The Global Industrial Enzymes Market was estimated to be valued at $10.6 Billion in 2020.

What is the growth rate of the Global Industrial Enzymes Market?

The growth rate of the Global Industrial Enzymes Market is 7.3%, with an estimated value of $17.4 Billion by 2027.

What is the forecasted size of the Global Industrial Enzymes Market?

The Global Industrial Enzymes Market is estimated to be worth $17.4 Billion by 2027.

Who are the key companies in the Global Industrial Enzymes Market?

Key companies in the Global Industrial Enzymes Market include BASF SE, Advanced Enzyme Technologies, Novozymes, DuPont Danisco and Kerry Group PLC.

Table of Contents

1. Introduction2. Research & Methodology3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Industrial Enzymes Market
6. Market Share - Global Industrial Enzymes Market
6.1 By Types
6.2 By Applications
6.3 By Source
6.4 By Regions
7. Types - Global Industrial Enzymes Market
7.1 Carbohydrases
7.2 Amylases
7.3 Cellulases
7.4 Proteases
7.5 Lipases
8. Source - Global Industrial Enzymes Market
8.1 Microorganism
8.2 Plant
8.3 Animal
9. Application - Global Industrial Enzymes Market
9.1 Bio fuel Enzymes
9.2 Cleaning Product Enzymes
9.3 Food Enzymes
9.4 Animal Feed Enzymes
9.5 Textile Enzymes
9.6 Specialty Enzymes
10. Regions - Global Industrial Enzymes Market
10.1 North America
10.2 Europe
10.3 Asia-Pacific's
10.4 Rest of World
11. Company Analysis
11.1 BASF SE
11.1.1 Overview
11.1.2 Company Initiatives
11.1.3 Sales Analysis
11.2 Advanced Enzyme Technologies
11.2.1 Overview
11.2.2 Company Initiatives
11.2.3 Sales Analysis
11.3 Novozymes
11.3.1 Overview
11.3.2 Company Initiatives
11.3.3 Sales Analysis
11.4 DuPont Danisco
11.4.1 Overview
11.4.2 Company Initiatives
11.4.3 Sales Analysis
11.5 DSM
11.5.1 Overview
11.5.2 Company Initiatives
11.5.3 Sales Analysis
11.6 Kerry Group PLC
11.6.1 Overview
11.6.2 Company Initiatives
11.6.3 Sales Analysis
List of Figures:
Figure-01: Global Industrial Enzymes Market (Million US$), 2017 - 2020
Figure-02: Forecast for - Global Industrial Enzymes Market (Million US$), 2021 - 2026
Figure-03: Type - Carbohydrases Market (Million US$), 2017 - 2020
Figure-04: Type - Forecast for Carbohydrases Market (Million US$), 2021 - 2026
Figure-05: Type - Amylases Market (Million US$), 2017 - 2020
Figure-06: Type - Forecast for Amylases Market (Million US$), 2021 - 2026
Figure-07: Type - Cellulases Market (Million US$), 2017 - 2020
Figure-08: Type - Forecast for Cellulases Market (Million US$), 2021 - 2026
Figure-09: Type - Proteases Market (Million US$), 2017 - 2020
Figure-10: Type - Forecast for Proteases Market (Million US$), 2021 - 2026
Figure-11: Type - Lipases Market (Million US$), 2017 - 2020
Figure-12: Type - Forecast for Lipases Market (Million US$), 2021 - 2026
Figure-13: Source - Microorganism Market (Million US$), 2017 - 2020
Figure-14: Source - Forecast for Microorganism Market (Million US$), 2021 - 2026
Figure-15: Source - Plant Market (Million US$), 2017 - 2020
Figure-16: Source - Forecast for Plant Market (Million US$), 2021 - 2026
Figure-17: Source - Animal Market (Million US$), 2017 - 2020
Figure-18: Source - Forecast for Animal Market (Million US$), 2021 - 2026
Figure-19: Application - Bio Fuel Enzymes Market (Million US$), 2017 - 2020
Figure-20: Application - Forecast for Bio Fuel Enzymes Market (Million US$), 2021 - 2026
Figure-21: Application - Cleaning Product Enzymes Market (Million US$), 2017 - 2020
Figure-22: Application - Forecast for Cleaning Product Enzymes Market (Million US$), 2021 - 2026
Figure-23: Application - Food Enzymes Market (Million US$), 2017 - 2020
Figure-24: Application - Forecast for Food Enzymes Market (Million US$), 2021 - 2026
Figure-25: Application - Animal Feed Enzymes Market (Million US$), 2017 - 2020
Figure-26: Application - Forecast for Animal Feed Enzymes Market (Million US$), 2021 - 2026
Figure-27: Application - Textile Enzymes Market (Million US$), 2017 - 2020
Figure-28: Application - Forecast for Textile Enzymes Market (Million US$), 2021 - 2026
Figure-29: Application - Specialty Enzymes Market (Million US$), 2017 - 2020
Figure-30: Application - Forecast for Specialty Enzymes Market (Million US$), 2021 - 2026
Figure-31: North America - Industrial Enzymes Market (Million US$), 2017 - 2020
Figure-32: North America - Forecast for Industrial Enzymes Market (Million US$), 2021 - 2026
Figure-33: Europe - Industrial Enzymes Market (Million US$), 2017 - 2020
Figure-34: Europe - Forecast for Industrial Enzymes Market (Million US$), 2021 - 2026
Figure-35: Asia Pacific - Industrial Enzymes Market (Million US$), 2017 - 2020
Figure-36: Asia Pacific - Forecast for Industrial Enzymes Market (Million US$), 2021 - 2026
Figure-37: Rest of World - Industrial Enzymes Market (Million US$), 2017 - 2020
Figure-38: Rest of World - Forecast for Industrial Enzymes Market (Million US$), 2021 - 2026
Figure-39: BASF SE - Global Revenue (Million US$), 2017 - 2020
Figure-40: BASF SE - Forecast for Global Revenue (Million US$), 2021 - 2026
Figure-41: Advanced Enzyme Technologies - Global Revenue (Million US$), 2017 - 2020
Figure-42: Advanced Enzyme Technologies - Forecast for Global Revenue (Million US$), 2021 - 2026
Figure-43: Novozymes - Global Revenue (Million US$), 2017 - 2020
Figure-44: Novozymes - Forecast for Global Revenue (Million US$), 2021 - 2026
Figure-45: DuPont Danisco - Global Revenue (Million US$), 2017 - 2020
Figure-46: DuPont Danisco - Forecast for Global Revenue (Million US$), 2021 - 2026
Figure-47: DSM - Global Revenue (Million US$), 2017 - 2020
Figure-48: DSM - Forecast for Global Revenue (Million US$), 2021 - 2026
Figure-49: Kerry Group PLC - Global Revenue (Million US$), 2017 - 2020
Figure-50: Kerry Group PLC - Forecast for Global Revenue (Million US$), 2021 - 2026
List of Tables:
Table-01: Global Industrial Enzymes Market Share by Type (Percent), 2017 - 2020
Table-02: Forecast for - Global Industrial Enzymes Market Share by Type (Percent), 2021 - 2026
Table-03: Global Industrial Enzymes Market Share by Application (Percent), 2017 - 2020
Table-04: Forecast for - Global Industrial Enzymes Market Share by Application (Percent), 2021 - 2026
Table-05: Global Industrial Enzymes Market Share by Source (Percent), 2017 - 2020
Table-06: Forecast for - Global Industrial Enzymes Market Share by Source (Percent), 2021 - 2026
Table-07: Global Industrial Enzymes Market Share by Region (Percent), 2017 - 2020
Table-08: Forecast for - Global Industrial Enzymes Market Share by Region (Percent), 2021 - 2026

Companies Mentioned

  • BASF SE
  • Advanced Enzyme Technologies
  • Novozymes
  • DuPont Danisco
  • DSM
  • Kerry Group PLC

Methodology

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

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