Increasing application of industrial enzymes in animal feed industry and rising demand for bioethanol are some key factors driving market revenue growth
The global industrial enzymes market size is expected to reach USD 9.77 Billion in 2028 and register a CAGR of 6.4% over the forecast period, according to the latest report by Reports and Data. Major factors driving market revenue growth are increasing focus on adoption of environmentally friendly solutions, higher application of enzymes in animal feed industry, rising demand for bioethanol, and increasing focus on research & development activities.
Industrial enzymes are specific types of enzymes that are commercially used in different end-use industries. Some major types of industrial enzymes that are being used are carbohydrases, lipases, proteases, polymerases and nucleases, and others. Carbohydrases is a set of enzymes used to break down carbohydrate and transform it into simple sugar. Amylases, pectinases, cellulases, pullulanases, lactases, and mannanases are some common types of carbohydrases.
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Leading Players-Advanced Enzymes, Amano Enzymes, Aumgene Biosciences, Biocatalysts, Enzyme Supplies, Creative Enzymes, Enzyme Solutions, Enzymatic Deinking Technologies, Sunson Industry Group, DuPont, and DSM.
Some Key Highlights From the Report:
- In July 2021, Danisco Animal Nutrition launched its phytase enzyme, Axtra PHY GOLD in Australia, Malaysia, and Thailand. This enzyme helps feed producers to enhance sustainability and reduce cost of production.
- In September 2021, Carbios announced completion of a new demonstration plant, which includes a depolymerization reactor capable of processing over 2 tons of PET per cycle, in Cataroux site in Clermont-Ferrand.
- Carbohydrases segment accounted for the largest revenue share in global market in 2020. Increasing use of carbohydrases in food, textiles, bioethanol, and other industries due to various advantages such as cost-effectiveness, ease in process optimization and modification, and low time and space consumption is anticipated to drive growth of this segment in the near future.
- Industrial enzymes market in North America is expected to account for significantly steady revenue share over the forecast period. Technological advancements in key end-use industries such as food processing, pharmaceuticals, and others, as well as increasing focus of various companies on biotechnological research & development activities would drive market revenue growth in this region.
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
The Industrial Enzymes market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Industrial Enzymes market.
Type Outlook (Revenue, USD Billion; 2018-2028)
- Carbohydrases
- Lipases
- Proteases
- Polymerases & Nucleases
- Others
Application Outlook (Revenue, USD Billion; 2018-2028)
- Food & Beverages
- Bioethanol
- Detergents
- Textiles & Leather
- Paper & Pulp
- Wastewater Treatment
- Feed
- Others
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Frequently Asked Questions Addressed in the Report:
- What is the estimated market revenue growth over the forecast period?
- What are the major factors driving the global Industrial Enzymes market revenue growth?
- Which regional market is expected to account for the largest revenue share in the global Industrial Enzymes market over the forecast years?
- Which are the leading players in the global Industrial Enzymes market?
- What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?
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