Industrial Enzymes Market - Trends Forecast (2022-2028)

The Industrial Enzymes Market is segmented by Type (Carbohydrase, Proteases, Lipases, and Other Types), Application (Food and Beverages, Animal Feed, Healthcare, Textiles, Leather Processing, Detergents and Cleaners, Bio-Fuel, and Other Applications), and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: February, 2022

Base Year Estimate: 2021

Report ID: D-FB-IEM-1197

Format:  

Number of Pages: 327

Domain: Food & Beverages

Industrial Enzymes Market – Trends Forecast (2022-2028)

The Industrial Enzymes Market size is projected to reach a CAGR of 6.8% from 2022 to 2028.

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 referenced as industrial enzymes.

Rising product demand from the end-use industries, such as biofuel, home cleaning, animal feed, and food and beverage is the major factor that has supported long-term expansion for Industrial Enzymes Market.

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.

Industrial Enzymes Market  Size Analysis

North America has the highest share during the forecast period. North America dominated the industrial enzymes market.

Industrial Enzymes Market is segmented into type, application and region.

On the basis of Type

  • Carbohydrases
  • Proteases
  • Lipases

On the basis of Application

  • Food and Beverages
  • Animal Feed
  • Healthcare
  • Textiles
  • Leather Processing
  • Detergents and Cleaners
  • Bio-Fuel
  • Other Applications

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Industrial Enzymes Market Primary Respondent

 

Key Players

  • Novozymes
  • DuPont
  • AB Enzymes
  • BASF SE
  • DSM

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 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 to further develop its production footprint for enzymes and biotechnology products.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Industrial Enzymes Market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Growth Rate

CAGR of 6.8% during the forecasting period, 2022-2028

Historical Data

2019-2020

Forecast Years

2022-2028

Base Year

2021

Units Considered

Revenue in USD billion and CAGR from 2022 to 2028

Report Segmentation

type, application and region.

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Novozymes, DuPont, AB Enzymes, BASF SE and DSM

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