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

July 2021 | 130 pages | ID: IF0E6576A532EN
Renub Research

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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 Renub Research, 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.

Renub Research 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

global enzymes market

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
1. INTRODUCTION

2. RESEARCH METHODOLOGY

3. 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


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