Industrial Enzymes Market Size, Share, Industry Analysis, Trends, Growth, Forecasts, 2030

Industrial Enzymes Industry Prospective:

The industrial enzymes market size was evaluated at $8 billion in 2022 and is slated to hit $12 billion by the end of 2030 with a CAGR of nearly 5.2% between 2023 and 2030.

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Industrial Enzymes Market: Overview

Industrial enzymes are kinds of enzymes that are commercially utilized in various end-use industries including biofuels, pharmaceuticals, consumer perishable products, food & beverages, and chemical production. Due to breakthroughs in current years, bio-catalysis through isolated enzymes is more cost-effective in comparison to complete cells or tissues. Reportedly, enzymes can be utilized as a unit operation in the process of creating a desired product. For the record, biological catalysis in industrial applications is done through enzymes and is likely to witness a prominent surge owing to the ability of industrial enzymes to operate in mild conditions along with unique chiral & positional specificity.        

Key Insights

• As per the analysis shared by our research analyst, the global industrial enzymes market is projected to expand annually at the annual growth rate of around 5.2% over the forecast timespan (2023-2030)
• In terms of revenue, the global industrial enzymes market size was evaluated at nearly $8 billion in 2022 and is expected to reach $12 billion by 2030.
• The industrial enzymes market is anticipated to grow rapidly over the forecast timeline owing to the growing use of industrial enzymes in various end-use sectors including animal feed, biofuel, food & beverages, and domestic cleaning.
• In terms of product, the protease segment is slated to register the highest CAGR over the forecast period.
• Based on application, the oil treatment segment is predicted to lead the segmental growth in the forecast period.
• Based on source, the microorganisms segment is slated to dominate the segmental surge in the forecast timeline.
• Region-wise, the European industrial enzymes industry is projected to the fastest CAGR over the assessment timeline.

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Industrial Enzymes Market: Growth Factors

Rise in the use of products in a slew of end-use industries to boost the scope of market growth globally over the forecast period

The growing use of industrial enzymes in various end-use sectors including animal feed, biofuel, food & beverages, and domestic cleaning will steer the expansion of the global industrial enzymes market. Furthermore, the escalating penetration of proteases and carbohydrates in the food & beverages sector will embellish the growth of the market globally.  A surge in industrialization as well as breakthroughs in the nutraceutical sector will scale up the expansion of the market globally.

In addition to this, large-scale demand for industrial enzymes in animal feed will proliferate the size of the global market. Humungous demand for processed, tasty, and flavored foods will spur the growth of the market across the globe. The rising allocation of capital for manufacturing enzymes from microbes and fungi will further spearhead the growth of the market globally.

Industrial Enzymes Market: Restraints

Lack of uniformity of laws governing production & use of products in various countries to hinder the global industry surge by 2030

The lack of standard laws governing the use of industrial enzymes in various end-use sectors will steer the expansion of the industrial enzymes industry across the globe. A low level of transparency regarding copyright violations in some of the countries globally can restrict the growth of the industry.

Industrial Enzymes Market: Opportunities

Humungous need for apt alternative products owing to the side-effects of synthetic products to help the global market explore new growth horizons

Escalating demand for substitute products that occur naturally is anticipated to offer new growth opportunities for the global industrial enzymes market.  Surging demand for high-quality food products in natural flavors will steer the growth of the global market in the upcoming years.  

Industrial Enzymes Market: Challenges

A rise in product manufacturing prices can create a big hurdle in the growth of the industry across the globe

Strict guidelines enforced by key manufacturers can restrict the expansion of the industrial enzymes industry across the globe. Moreover, the high costs of producing industrial enzymes can prove to be a huge challenge for global industry growth.  

Industrial Enzymes Market: Segmentation

The global industrial enzymes market is sectored into product, application, source, and region.                                    

In terms of product, the industrial enzymes market across the globe is segregated into carbohydrase and protease segments. Furthermore, the protease segment, which acquired nearly 33% of the global market revenue during 2023-2030, can be due to escalating demand for proteases in the food & beverages sector. Reportedly, the product is used for providing tenderization to meat, enhancing flavor, and modifying protein. Apart from this, the need for improving the taste, nutritional profile, and texture of products will steer the growth of the segment in the upcoming years.

Based on the application, the industrial enzymes industry globally is sectored into food & beverages, oil treatment, detergents, bioethanol, wastewater, feed, and soil segments. Additionally, the oil treatment segment, which acquired a key share of the global industry in 2022, is expected to lead the segmental progression in the coming eight years. The growth of the segment over the period from 2023 to 2030 can be a result of the large-scale use of industrial enzymes in enhanced oil recovery methods. Apart from this, the product also helps in altering the characteristics of oil reservoir fluids to increase the extraction of oil.  

Based on the source, the global industrial enzymes market is divided into plants, animals, and microorganisms segments. Furthermore, the microorganisms segment, which contributed majorly to the segmental surge in 2022, is anticipated to continue its segmental domination in the upcoming years. The growth of the segment in the ensuing years can be due to easy access to microorganisms and low manufacturing costs. Moreover, enzymes extracted from fungi or mushrooms such as hydrolases, oxidases, and proteases can boost the segmental surge. Moreover, microorganisms such as fungi help in preparing baked foods, dairy items, soy sauce, beer, and processed fruits.

Industrial Enzymes Market: Report Scope

Industrial Enzymes Market: Regional Insights

North America is predicted to retain its foothold in the global industrial enzymes market even in the coming decade

North America, which accounted for nearly 55% of the global industrial enzymes market revenue in 2022, will be the dominating region in the coming eight years. Moreover, the regional market expansion over the forecast timeline can be credited to a strong presence of key players in the sub-continent. Additionally, the rise in the use of products in pharmaceuticals, food & beverages, personal care & cosmetics, and laundry detergents will embellish the regional market trends. An increase in research activities in key countries globally can contribute majorly towards the growth of the market across the region.  

The European industrial enzymes industry is set to record the highest CAGR in the coming eight years. The growth of the industry in Europe can be attributed to the growing focus of the EU on reducing GHG emissions along with the promotion of biofuel production in countries such as Germany, the UK, and France in Europe. Rise in the meat production in countries such as Russia will steer the industry growth in Europe.  

Key Developments

• In the second half of 2021, BASF SE, a key player in manufacturing chemicals, launched Natupulse® TS, a new feed enzyme for improving nutrient digestion in animals. Moreover, it has a beneficial effect when combined with Natugrain® TS and Natuphos® E. The strategic move will boost the growth of the global industrial enzymes market.
• In December 2022, Ginkgo Bioworks, a U.S.-based biotech firm, launched Ginkgo enzyme solutions that can be used in pharmaceuticals, food, diagnostics, and farming sectors. The move will contribute majorly to the exponentiation in the demand for industrial enzymes in various end-use sectors.

Industrial Enzymes Market: Competitive Space

The global industrial enzymes market profiles key players such as:

• Chr. Hansen Holding A/S
• BASF SE
• Lesaffre
• Novozyme A/S
• DuPont Danisco Corporation
• Royal DSM SE
• Advanced Enzyme Technologies
• Novus International
• Associated British Foods plc
• Adisseo
• Enzyme Development Corporation

The global industrial enzymes market is segmented as follows:

By Product

• Carbohydrase
• Protease

By Source

• Plants
• Animals
• Microorganisms

By Application

• Food & Beverages
• Oil Treatment
• Detergents
• Bioethanol
• Wastewater
• Feed
• Soil

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa