Industrial Enzymes Market

The global industrial enzymes market size is projected to grow from USD 7.4 billion in 2023 and is anticipated to USD 10.2 billion by 2028; growing at a CAGR of 6.6% from 2023 to 2028.

Industrial enzymes are derived from living organisms, such as bacteria, fungi, and plants, that have been utilized in various industrial processes. These enzymes are capable of catalyzing specific chemical reactions, making them beneficial in various industries such as food and beverage, textile, pulp and paper, biofuel production, pharmaceuticals, and many others.

New technical applications of enzymes are being developed to enhance the production processes. Numerous companies in the textile industry incorporate enzymes as an alternative to chemicals to produce mild reactions that lead to clean and chemical-free garments.

Industrial Enzymes Market is segmented by Application, Type, Source and by Geography. Get insights of Covid-19 impact on Industrial Enzymes Market report today.

The use of enzymes helps in ensuring better product quality with a lower manufacturing cost and lesser waste and energy consumption. The extent to which a desired industrial effect is achieved by an enzyme can be controlled through various means, such as dose, temperature, and time, as enzymes are catalysts, and their amount added to accomplish a reaction is relatively small.

The use of enzymes helps in ensuring better product quality with a lower manufacturing cost and lesser waste and energy consumption. The extent to which a desired industrial effect is achieved by an enzyme can be controlled through various means, such as dose, temperature, and time, as enzymes are catalysts, and their amount added to accomplish a reaction is relatively small.

Geographically, North America held the dominating share in the market for industrial enzymes in 2020.

Industrial Enzymes Market - Global Industry Analysis, Size, Share, Trends and Forecast 2021-2027. The Global Industrial Enzymes Market size is expected to grow at an annual average of 6.3% during 2021-2027.

Factors such as the multifunctional benefits of industrial enzymes across various applications and the technological innovations to reduce the consumption of chemicals contribute to the growth of the industrial enzymes market.

As per the analysts’ at Transparency Market Research foretell that the global industrial enzymes market is likely to witness high growth by progressing at steady 8.8% CAGR between 2017 and 2025. By rising at this growth rate, the market is expected to earn revenue of US$12.84 bn by the end of 2025. In 2016, the market was valued at US$6.06 bn

The growing environmental concerns and rise in demand for bioethanol and advancements in R&D activities led to the growth of the industrial enzymes market. In addition, the advancements in enzyme engineering & green chemistry and the introduction of genetically engineered enzymes have increased the industrial usage.

Industrial Enzymes Market Covered By Top Key Players: BASF, Novozymes, DuPont, DSM, Kerry Group, Dyadic International, Advanced Enzymes, Amano Enzymes, Biocatalysts and Others.

The research segments the market based on product type, applications and end-use. It profiles the key players of the business and their individual contribution to the global economy. The report focuses on significant investments, business ventures, mergers, acquisitions, collaborations along with the technological developments in the field. It also evaluates the upcoming and niche areas in the business. The researcher aims to offer expert insights related to the industry and the new opportunities available in the market.

Global Industrial Enzymes Market delivers comprehensive overview of the global market along with the market elements such as market drivers, market trends, challenges and restraints.