Industrial Enzymes Market Share, Key Players, Product and Production Information analysis and forecast – 2027
Market Highlights
The global industrial enzymes
market accounted for USD 6.2 billion
in 2018 and is expected to register a CAGR
of 6.3% during the forecast period of 2020 to 2027. There is an increasing
demand for the enzymes in various industries such as food & beverages,
feed, textiles, pharmaceuticals and nutraceuticals, and biofuel. The ability of
enzymes to increase production is one of the major factors boosting the demand
for industrial enzymes. Furthermore, the development of genetically modified
enzymes has created lucrative opportunities for industrial enzymes
manufacturers.
Segmentation
The global industrial enzymes market has been segmented based on type,
application, source, and region.
Based on type, the global industrial
enzymes market share has been divided into carbohydrases, proteases,
lipases, and others. The carbohydrases segment is further categorized as
amylase, glucanase, cellulase, and others. The carbohydrases segment accounted
for the largest market share in 2018 owing to the growing application in the
food & beverages and pharmaceutical industries. Cellulase enzyme market is
also contributing significantly to the growth of the carbohydrases market due
to its growing application in the biofuel industry. However, the others segment
is projected to register the highest growth rate owing to high demand and
potential for polymerases, nucleases, and various genetically engineered
enzymes.
Based on application, the global industrial enzymes market has been categorized
as food & beverages, feed, detergents and cleaning, textiles,
pharmaceuticals and nutraceuticals, and others. The food & beverages
segment is further divided into dairy, bakery, brewery, and others. In 2018,
the food & beverages segment accounted for the largest share in the market
owing to the increasing application of enzymes in various food processing
industries. However, the pharmaceuticals and nutraceuticals segment is expected
to register the fastest growth rate during the forecast period.
Based on source, the global industrial enzymes market has been classified
as plant, animal, and microorganisms. In 2018, the microorganisms segment
accounted for the largest share in the market, while the animal segment is
projected to register the fastest growth rate during the forecast period. The
microorganisms are easily available, less expensive, and can provide a wide
range of enzymes, thus gaining popularity among the industrial enzyme
manufacturers.
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Key
Players
Some of the key players in the global industrial
enzymes market are BASF SE (Germany),
DowDuPont (US), Associated British Foods PLC (UK), Koninklijke DSM N.V.
(Netherlands), Novozymes A/S (Denmark), Dyadic International Inc. (US),
Advanced Enzyme Technologies Ltd (India), Adisseo (China), Chr. Hansen Holding
A/S (Denmark), Amano Enzyme Inc. (Japan), Codexis Incorporated (US), AB
Enzymes (Germany), BioResource International Inc. (US), Lesaffre (France), and
Cargill Inc. (US).
Regional Analysis
On
the basis of region, the global industrial enzymes market has been divided into
North America, Europe, Asia-Pacific, and the rest of the world.
The
market in North America is expected to dominate the global industrial enzymes
market. Growing food processing industry in the region has boosted the demand
for the industrial enzymes. The market in Asia-Pacific region is expected to
record the fastest growth during the forecast period.
Some of the strategies followed by the players operating in the market were
product launches, acquisitions, mergers, and expansions.
- In June 2018, DowDuPont
and ADM partnered to provide cellulase enzyme to grain-based ethanol
plants to produce ethanol from corn kernel fiber.
NOTE:
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