The global industrial enzymes market is projected to record a CAGR of 6.27% during the forecast period due to the growing demand from food and beverages applications

The global industrial enzymes market is projected to record a CAGR of 6.27% during the forecast period due to the growing demand from food and beverages applications

Industrial Enzymes Market is predicted to reach USD 10,807.10 million at a CAGR of 6.27% during the forecast period:


Market Research Future (MRFR) has published a cooked research report on the “Global Industrial Enzymes Market” that contains information from 2018 to 2030. The Industrial Enzymes market is estimated to register a CAGR of 6.27% during the forecast period of 2023 to 2030.


MRFR recognizes the following companies as the key players in the global Industrial Enzymes market— Chr. Hansen Holding A/S (Denmark), BASF (Germany), DuPont de Nemours (US), Inc, Koninklijke DSM N.V N.V (Netherlands), Novozymes (Denmark), Advanced Enzyme Technologies Ltd (India), Adisseo (China), Dyadic International, Inc (US), Kerry Group PLC (Ireland), and Amano Enzyme Inc (Japan).


Market Highlights


The global Industrial Enzymes market is accounted to register a CAGR of 6.27% during the forecast period and is estimated to reach USD 10,807.10 million by 2030.


The industrial enzymes market involves biologically derived catalysts used in various industrial processes, such as food production, biofuels, textiles, and pharmaceuticals. These enzymes facilitate and accelerate chemical reactions, enhancing efficiency and sustainability in manufacturing. The market's growth is driven by the demand for eco-friendly and cost-effective solutions across diverse industries.


Segment Analysis


The global Industrial Enzymes market has been segmented based on source, Type and Application.


On the basis of source, the market is segmented into Plant, Animal, and Microorganisms. While the plant segment is anticipated to experience a higher CAGR of 6.81% throughout the research period, the microorganisms segment held a bigger market share of 76.33% in 2021.


Based on Type, the global Industrial Enzymes market has been segmented into Carbohydrases, Proteases, Lipases, and Others. In 2021, the segment of carbohydrases held the biggest market share (41.74%), while the segment of others is anticipated to experience the highest CAGR (6.43%) over the study period.


Based on Application, the global Industrial Enzymes market has been segmented into food & beverages, animal feed, detergent & cleaners, personal care, pharmaceuticals & nutraceuticals, and others. Breweries & distillers, sweet & savoury snacks, dairy & frozen desserts, bakery & confectionery, and others make up the additional division of Food and Beverages. While the others category is anticipated to experience a higher CAGR of 7.07% throughout the research period, the food and beverages segment held a greater market share of 40.89% in 2021.


Regional Analysis


The global Industrial Enzymes market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Industrial Enzymes market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Industrial Enzymes market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Industrial Enzymes market comprises of Middle East, Africa, and Latin America.


The North America Industrial Enzymes Market dominated this market in 2022. In 2021, North America held the biggest market share (43%). In 2021, Asia-Pacific was the second-largest market, and during the forecast period, it is anticipated to grow at the highest CAGR of 7.04%.


Additionally, the second-largest market share for Industrial Enzymes is held by Asia-Pacific. In terms of revenue, During the forecast period, the region is expected to lead the global market for industrial enzymes. From 2022 to 2030, the market in North America is projected to expand at a CAGR of 5.51%. The global market for industrial enzymes is led by the United States. Due mostly to the production of beverages and biofuels, the nation has the greatest revenue share globally. The market for industrial enzymes is likely expanding as a result of the rising demand for craft beer. More than half of the market share in the US for industrial enzymes was accounted for by the food and beverage applications in 2021. 


Moreover, from 2022 to 2030, Asia Pacific is predicted to have the fastest growth rate. During the forecast period, it is predicted to experience the largest CAGR growth. due to the tremendous expansion of the chemical, food, and pharmaceutical industries. The market expansion in the region is being driven by increased consumer spending and rapid population growth. The region's enzyme market is expanding due to the presence of the biggest enzyme manufacturers, increased yeast enzyme sales, and rising demand for enzymes in the textile processing industry. particularly in nations like China and Japan.


Key Findings of the Study



  • The global Industrial Enzymes market is expected to reach USD 10,807.10 million by 2030, at a CAGR of 6.27% during the forecast period.

  • The North America Industrial Enzymes Market dominated this market in 2022. In 2021, North America held the biggest market share (43%). In 2021, Asia-Pacific was the second-largest market, and during the forecast period, it is anticipated to grow at the highest CAGR of 7.04%.

  • Based on Type, In 2021, the segment of carbohydrases held the biggest market share (41.74%).

  • Hansen Holding A/S (Denmark), BASF (Germany), DuPont de Nemours (US), Inc, Koninklijke DSM N.V N.V (Netherlands), Novozymes (Denmark), Advanced Enzyme Technologies Ltd (India), Adisseo (China), Dyadic International, Inc (US), Kerry Group PLC (Ireland), and Amano Enzyme Inc (Japan).


 


 

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