Meticulous Research® – a leading global market research company, published a research report titled “Industrial Enzymes Market by Type (Carbohydrases [Amylases, Cellulases], Proteases, Lipases); Source (Microorganism, Plant, Animal); Form (Solid, Liquid); Application (Food & Beverage, Household Care, Biofuel, Animal Feed) - Global Forecasts to 2029’’ . 




According to this latest publication from Meticulous Research®, the industrial enzymes market is expected to grow at a CAGR of 6.6% from 2022 to 2029 to reach $11.05 billion by 2029. The growth of the industrial enzymes market is mainly attributed to the growing environmental concerns and rising demand for bioethanol, advancements in enzyme engineering & green chemistry, the introduction of genetically engineered enzymes, and the need for cost reduction and resource optimization in production processes. In addition, an increase in R&D activities and investments in the enzyme sector further support the growth of the industrial enzymes market.




However, stringent regulation and restricted temperature & pH levels of enzymes are expected to hinder the growth of this market to some extent.




The global industrial enzymes market study presents historical market data in terms of value (2020 and 2021), estimated current data (2022), and forecasts for 2029. The industrial enzymes market is segmented based on type (carbohydrases [amylases, cellulases, and others], proteases, lipases, and others), source (microorganism, plant, and animal), form (solid, liquid), application (food & beverages, household care, animal feed, biofuel, and other applications), and geography. The study also evaluates industry competitors and analyzes the market at the regional and country levels.




Based on type, the industrial enzymes market is segmented into carbohydrases, proteases, lipases, and others. The carbohydrases segment is expected to account for the largest share of the industrial enzymes market in 2022. The largest share of this segment is mainly attributed to their cost-effectiveness, wide range of applications in various industries, including food and beverage, homecare, textile, leather, and biofuel, less time & space consumption, and ease in modification and optimization of processes.




The carbohydrases segment is further divided into amylases, cellulases, and others. In 2022, the amylases segment is expected to account for the largest share of the carbohydrases enzymes market. The large market share of this segment is attributed to its high thermal stability and increasing adoption in the food & beverages and biofuel industries.




Based on source, the industrial enzymes market is segmented into plant, animal, and microorganism. The plant segment is expected to grow at the highest CAGR during the forecast period of 2022- 2029. Its easy availability and convenience; surging demand for bromelain; its multifunctional properties, such as emulsification, water holding capacity, fat absorption, antibacterial activity, and increasing usage in various industries, including food and beverages, cosmetics, and pharmaceuticals; are the factors that support the growth of the market.




Based on form, the industrial enzymes market is segmented into solid and liquid. The solid form segment is expected to grow at the highest CAGR of the industrial enzymes market. The growth of this segment is due to its wide availability and ease of handling, high gravity fermentation & stability, easy transportation & storage, and better shelf-life.




Based on application, the industrial enzymes market is segmented into food & beverages, household care, animal feed, biofuel, and other applications. The food and beverages segment is expected to account for the largest share of the industrial enzymes market in 2022. The largest share of this segment is mainly attributed to the growing awareness about nutritional requirements, changing dietary habits, rising consumer desire for natural and customized food products, increasing demand for processed food products, and increased application of enzymes in beverages.




The food & beverage is further segmented into bakery; dairy; beverage; meat, fish and egg processing; grain and oilseed processing; and other food applications. In 2022, the bakery segment is expected to dominate the food & beverage enzymes market. The dominant position of this segment is due to the rising demand for healthier fortified baked products, increasing bakery production, and product innovations.




Based on geography, North America accounted for the largest share of the industrial enzymes market in 2022. The major share of this regional market is mainly attributed to the development of novel and superior performing products, technological advancements, rapid industrialization, increasing demand for alcoholic beverages and processed food; and growing awareness regarding green technologies addressing environmental issues. However, Europe is expected to register the highest CAGR during the forecast period of 2022–2029.




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Key Players

The Industrial enzymes market space is characterized by a moderately competitive scenario due to many large and small-sized global, regional, and local players. The key players operating in the industrial enzymes market are Novozymes A/S (Denmark), International Flavors & Fragrances Inc. (IFF) (U.S.), Koninklijke DSM N.V. (Netherlands), AB Enzymes GMBH (Germany), Amano Enzyme Inc (Japan), Chr. Hansen Holding A/S (Denmark), F. Hoffmann-La Roche AG (Switzerland), Advanced Enzyme Technologies Ltd (India), BASF SE (Germany), Sigma-Aldrich Corporation (U.S.), Bluestar Adisseo Company (China), A E B Africa (Pty) Ltd (South Africa), Novus International, Inc. (U.S.), Biocatalysts Limited (U.K.), Enzyme Development Corporation (U.S.), BioResource International, Inc. (U.S.), Qingdao Vland Biotech Co., Ltd. (China), Aum enzymes (India), and Nature Bioscience Pvt. Ltd (India), among others.




Scope of the Report:

Industrial Enzymes Market, by Type

Carbohydrases
Amylases
Cellulases
Others
Proteases
Lipases
Other Enzymes




Industrial Enzymes Market, by Source

Microorganisms
Fungi
Bacteria
Yeast
Animals
Plants




Industrial Enzymes Market, by Form

Liquid
Solid




Industrial Enzymes Market, by Application

Food & Beverage
Bakery
Dairy
Beverages
Meat, Fish, and Egg Processing 
Grain and Oilseed Processing  
Other Food Applications
Household Care
Animal Feed
Biofuel
Other Applications




Industrial Enzymes Market, by Region

North America
S
Canada
Europe
Germany
K
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
South Korea
Rest of APAC
Latin America
The Middle East & Africa




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