Industrial Enzymes Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Industrial Enzymes Market is segmented by Type (Carbohydrases, Proteases, Lipases, and Other Types), Application (Food and Beverages, Animal Feed, Healthcare, Textiles, Leather Processing, Detergents and Cleaners, Bio-Fuel, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report offers market size and forecasts for the industrial enzymes market in revenue (USD million) for all the above segments.

Market Snapshot

Industrial Enzyme Market Size
Study Period: 2017-2027
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: >6 %
Industrial Enzyme Market Companies

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Market Overview

The industrial enzyme market was valued at over USD 6,000 million in 2021, and the market is projected to register a CAGR of more than 6% during the forecast period (2022-2027).

The industrial enzymes market's growth is hampered by the COVID-19 pandemic, as lockdowns and the shutdown of raw material supply chain and enzyme production plants globally have impacted several end-user industries. The biofuels industry has been strongly impacted by the COVID‑19 pandemic. In 2021, the global transport biofuel production was around 157 billion liters, equivalent to 2,705 thousand barrels per day (kb/d), an 3.6% drop from the transport biofuel production in 2020, creating a negative impact on the industrial enzymes market.

  • Over the medium term, the major factors driving the growth of the industrial enzymes market are the growing diversity in enzyme applications such as food and beverage, pharmaceuticals, detergents, cosmetics, and other industries. Also, the growing demand for enzymes due to increasing environmental norms and regulations regarding the use of chemicals is likely to boost the market growth of industrial enzymes.
  • New product innovations and expansions of application bases are anticipated to provide numerous opportunities over the forecast period.
  • North America dominated the market, with the largest consumption, but Asia-Pacific is likely to register the highest CAGR through the forecast period.

Scope of the Report

Enzymes are proteins that catalyze chemical reactions. As such, enzymes have been widely used to facilitate industrial processes and the production of products, and these enzymes are referred to as industrial enzymes. The industrial enzyme market is segmented by type, application, and region. By type, the market is segmented into carbohydrases, proteases, lipases, and other types. By application, the market is segmented into food and beverages, animal feed, healthcare, textiles, leather processing, detergents and cleaners, bio-fuel, and other applications. The market also offers the market size and forecasts for the industrial enzymes market in 18 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).

Type
Carbohydrases
Amylases
Cellulases
Proteases
Trypsins (API and Non-API)
Other Proteases
Lipases
Other Types
Application
Food and Beverages
Animal Feed
Healthcare
Textiles
Leather Processing
Detergents and Cleaners
Bio-fuel
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Australia and New Zealand
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Russia
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Growing Demand from Food and Beverage Applications

  • The food and beverage segment dominates the industrial enzymes market, with a total share of more than 30%. This is the fastest-growing application segment, mainly supported by the ever-growing global population and its increasing purchasing power. Health awareness is also a factor for people‘s increasing demand for food quality, safer production processing, and improved nutritional value.
  • The increasing demand for high-quality foods in terms of natural flavor and taste has become a common trend among present consumers. This trend triggered the need for the development of flavored and tasty processed foods using industrial enzyme applications. These enzymes act as catalysts by playing important roles in the breaking down of vitamins and nutrients in the metabolic reactions and inter-conversion of complex molecules to smaller molecules.
  • Food enzymes, such as amylase, cellulase, xylanase, pectinase, protease, lipase, glucosyltransferase, arabinanase, polygalacturonanace, chymosin, and beta-glucanase, among others, have become an essential part of the global food additives industry.
  • The food industry is continuously involved in developing new dairy products, beverages, and food items for consumers. With the development of new products in the food and beverage industry, the application of enzymes in the industry has continuously increased.
  • With the increased innovation and development of technologies in the food industry, industrial enzymes have found extensive applications in fat modification and sweetener technology, thereby driving the industrial enzymes market.
  • All the aforementioned factors are expected to increase the market demand for industrial enzymes during the forecast period.
Industrial Enzyme Market Share

North America to Dominate the Market

  • North America has the highest share, accounting for more than 30% of the global market. North America dominated the industrial enzymes market, with a value of USD 2.0 billion in 2020.
  • The United States occupies the top position in the global industrial enzymes market. The country has the largest revenue share globally, owing largely to beverage and biofuel production. The increasing demand for craft beer is likely to be responsible for the growth of the industrial enzymes market.
  • The food and beverage applications dominated the US industrial enzymes market, accounting for more than half of the total market share in 2019. The US revenue in the food and beverages segment was around USD 21,320 million in 2021, witnessing a rise by around 14% from 2020.
  • The industrial enzymes market is witnessing rapid growth in Mexico due to the increasing demand for processed food and increased applications of enzymes in the processed food industry, which are driving the demand for industrial enzymes in Mexico.
  • In Canada, the demand for baked goods has moved from the traditional bread consumption trend to the increasing consumption of bakery goods, such as pancakes, cupcakes, croissants, and rolls. This, in turn, is likely to drive the demand for industrial enzymes used in the food and beverage industry.
  • The high consumption in the US industries is correlated with awareness regarding green technologies addressing environmental issues, enhanced productivity, and better product value, thus, leading to growth in the research and development sector and industries using enzymes.
Industrial Enzyme Market Analysis

Competitive Landscape

The industrial enzyme market is dominated by the top five players, namely, Novozymes, DuPont, Royal DSM, AB Enzymes, and BASF, accounting for about 75% of the total market. Other recognized players in the market are Amano Enzymes, Biocatalysts, BioResource International Inc., Chr. Hansen Holding AS, Enzyme Development Corporation, Lesaffre, and other companies.

Recent Developments

  • In November 2021, Novozymes and Novo Nordisk Pharmatech collaborated for the development of best-in-class technical enzymes to support production processes in the biopharmaceutical industry. This collaboration will help Novozymes to scale up the processes in the regenerative medicines market.
  • In April 2021, BASF signed an agreement with Sandoz GmbH, a subsidiary of Novartis, to invest at the Kundl/Schaftenau Campus in Austria. This agreement enables BASF further to develop its production footprint for enzymes and biotechnology products.
  • In January 2021, Advanced Enzyme Technologies completed the acquisition of a controlling stake of 51% in SciTech Specialities Private Limited (SSPL) by way of subscription to the issue of 492,630 equity shares of SSPL and the purchase of 27,778 equity shares from a few selling shareholders of SSPL, aggregating to 520,408 equity shares, i.e., 51% of paid-up share capital of SSPL. The acquisition will help Advanced Enzyme leverage synergies with SSPL and expand its business-to-consumer segments.
  • In November 2020, DuPont Nutrition & Biosciences (DuPont) undertook a new partnership between its Food and Beverage platform and the Institute for the Future (IFTF), the world’s leading future organization. The collaboration seeks to drive far-sighted food and beverage innovation that anticipates shifts in market needs.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Surge in Demand for Biofuels in the Americas

      2. 4.1.2 Growing Diversity in Enzyme Applications and Niche Products

      3. 4.1.3 Stringent Environmental Norms Curbing the Usage of Chemicals

    2. 4.2 Restraints

      1. 4.2.1 Restricted Temperature and pH Levels of Enzymes

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Carbohydrases

        1. 5.1.1.1 Amylases

        2. 5.1.1.2 Cellulases

      2. 5.1.2 Proteases

        1. 5.1.2.1 Trypsins (API and Non-API)

        2. 5.1.2.2 Other Proteases

      3. 5.1.3 Lipases

      4. 5.1.4 Other Types

    2. 5.2 Application

      1. 5.2.1 Food and Beverages

      2. 5.2.2 Animal Feed

      3. 5.2.3 Healthcare

      4. 5.2.4 Textiles

      5. 5.2.5 Leather Processing

      6. 5.2.6 Detergents and Cleaners

      7. 5.2.7 Bio-fuel

      8. 5.2.8 Other Applications

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Australia and New Zealand

        6. 5.3.1.6 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 France

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Spain

        6. 5.3.3.6 Russia

        7. 5.3.3.7 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 AB Enzymes

      2. 6.4.2 Advanced Enzyme Technologies

      3. 6.4.3 Amano Enzyme Inc.

      4. 6.4.4 BASF SE

      5. 6.4.5 Biocatalysts

      6. 6.4.6 BioResource International Inc.

      7. 6.4.7 Chr. Hansen Holding AS

      8. 6.4.8 DuPont

      9. 6.4.9 DSM

      10. 6.4.10 Enzyme Development Corporation

      11. 6.4.11 Lesaffre

      12. 6.4.12 Novozymes

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 New Product Innovation and Expansion of Application Base

    2. 7.2 Increasing Demand from Industries in Emerging Economies

**Subject to Availability

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Frequently Asked Questions

The Industrial Enzymes Market market is studied from 2017 - 2027.

The Industrial Enzymes Market is growing at a CAGR of >6% over the next 5 years.

The Industrial Enzymes Market is valued at 6000 Million USD in 2017.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

Novozymes, DuPont, AB Enzymes, BASF SE, DSM are the major companies operating in Industrial Enzymes Market.

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