Industrial Enzyme: Global Market Scenario, Trends, Opportunity, Growth and Forecast, 2020-2030

Market Definition

Complex protein molecules called enzymes are created by living things. Since yeast and other microorganisms were employed to produce bread and wine in ancient times, enzymes have been used in daily activities. As a result of making processes more effective, protein engineering, a biotechnological innovation, today enables more efficient use of energy and raw materials. Enzymes can be created to function at high or low temperatures, as well as in extremely acidic or alkaline environments. As a result of advances in biotechnology, many industrial processes now use biodegradable enzymes instead of harsh chemicals. Enzymes expedite processes without causing damage.

Market Insights

At $5.8 billion in 2022, the global market for enzymes used in industrial applications was expected to increase at a CAGR of 7.89% from 2023 to 2030. The increased importance of industrial enzymes due to new application areas, the rising population and rising food demand, the rising energy needs due to rising energy consumption, and the rising price of fossil fuels are the factors driving the expansion of the global market. The food, textile, leather, detergent, animal feed, and biofuel industries all depend on enzymes. The biotech business has undergone a revolution thanks to innovation in industrial enzyme applications, which also offer a chance to cut production costs and pollution. The use of isolated and purified enzymes (catalysts) in various industrial processes is referred to as enzyme technology. Due to the low cost and biodegradable nature of enzymes, enzymatic procedures are quickly replacing chemical processes as better economical and ecological options.

The industrial enzyme market for the world in 2022 was dominated by the carbohydrase category, with a 42% market share. A group of enzymes known as carbohydrases convert plant matter, such as fibre and starch, into simple sugars. The feed business uses xylanase, glucanase, and amylase as carbohydrase enzymes. Amylase, a typical enzyme found in microorganisms, typically starts the industrial breakdown of starch. According to predictions, the carbohydrase market in North America will account for the greatest geographical share in 2022. The greatest CAGR of 8.7% is predicted for the Asia-Pacific region throughout the projection period. The strong growth rate in the APAC region is related to rising healthcare costs in India and other APAC nations as well as expanding enzyme demand in the food and textile industries.

About 45% of the market for industrial enzymes worldwide will be used in food and beverages in 2022. Enzymes are crucial components in everyday procedures like baking and brewing as well as in the dairy business, where they play a significant role in the food processing sector. In food processing, enzymes are advantageous because they quickly catalyse processes under mild circumstances without affecting the flavour or texture of the finished product. Enzyme technology can raise the calibre of some foods, increase the cloud stability of juice products, and lower the amount of trans fatty acids in fat spreads. By cutting back on energy use, chemical use, and processing times, the method can help lower processing costs.

With a market share of 38.15% in 2022, North America had the largest market for industrial enzymes. Canada and the United States make up the second division of North America. The North American market is being boosted by the rising incidence of chronic diseases, active R&D, and strategic alliances and collaborations. The majority of enzyme types will see moderate to significant increase, with carbohydrase performing especially well as a result of the rise of the cellulosic ethanol industry. The segment of carbohydrase enzymes accounts for the majority of industrial enzyme demand in North America.

The market for industrial enzymes has a lot of room to grow in the Asia-Pacific region. This might be due to emerging economies like South Korea, China, and India becoming popular travel destinations. In China, India, and Singapore, independent pharmaceutical enterprises are growing.

In India, industrial enzyme demand is primarily driven by the markets for cleaning products (detergent), foods and beverages, textiles, and leather. Enzyme use rates are, however, substantially lower than those of the advanced countries of Japan, North America, and Western Europe even within these industries. This is mostly attributable to government regulations that have restricted access to foreign finance for modernization and productivity improvements and made it impossible for businesses to grow over a particular size. As a result, smaller businesses lack the equipment and funding necessary to update their business practises to incorporate newer, more effective technologies that make greater use of enzymes. Enzyme use rates should climb as the economy gradually opens up to more foreign direct investment.

Market Dynamics: Drivers

New Application Areas

Industrial enzymes are the foundation of industrial biotechnology and have revolutionised the enzyme business. The most effective catalysts are enzymes, which are widely employed in the sector. Industrial enzymes are now more valuable thanks to advancements in science and technology like protein and genetic engineering. The creation of enzymes that can replace toxic chemicals is receiving more attention as there is a growing desire for technology that is cleaner and more environmentally friendly. Enzymes have several advantages over chemicals, including specificity, high efficiency, and environmental friendliness, and they play a significant role in the development of clean industrial processes. All industries today depend heavily on industrial enzymes. Even with the grip, the enzyme market is still impacted by a few variables. These include initiatives to lower manufacturing and processing costs as well as environmental concerns. The emphasis is therefore on cutting-edge and novel technologies. The aim of market participants in the enzyme industry is to develop improved goods and procedures that are not only competitive but also adhere to stringent sustainability standards. Due to rising demand for food, beverages, and energy, the enzyme business is a profitable sector of the economy. The expansion of this market is influenced by a number of variables, including rising expenses, an ageing population, and environmental concerns.

Market Dynamics: Challenges

Complex Enzyme Production

Industrial enzymes are used in a wide range of sectors but producing them on a big scale is a difficult task for enzyme producers. The most challenging issues for researchers and manufacturers in this field are creating an enzyme with the appropriate functionality and preserving its activity over an extended length of time. An entire batch can be ruined and the goal of producing enzymes impacted by the use of the incorrect microbial strain or a small difference in the temperature and pH of the fermentation environment. Filtration, precipitation, concentration, and other sub-processes are laborious and time-consuming downstream operations. Many major businesses stay out of the enzyme industry because of the numerous complicated production processes. These elements can have a detrimental impact on market expansion during the anticipated term.

Market Segmentation

• Based on Type, the Global Industrial Enzyme market is segmented into
  • Carbohydrase
  • Protease
  • Polymerase and nuclease
  • Phytase
  • Lipase
  • Other enzymes
• Based on Application, the Global Industrial Enzyme market is segmented into
  • Food and beverage
  • Technical enzymes
  • Biofuel production
  • Animal feed
  • Other applications
• Based on Source, the Global Industrial Enzyme market is segmented into
  • Plant
  • Animal
• Based on Geography, the Global Industrial Enzyme market is segmented into
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

• All market revenue has been given in US Dollar and volume in tons.

Historical Year: 2020-2021
Base Year: 2022
Estimated: 2023
Forecast- 2024-2030

 Key Questions this Study will Answer

• What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Market Size-By Volume, Forecast Numbers, Market Segmentation, Market Shares) of Global Industrial Enzyme Market?
• What is the region wise industry size, growth drivers and challenges key market trends?
• What are the key innovations, opportunities, current and future trends and regulations in the Global Industrial Enzyme Market?
• Who are the key competitors, what are their key strength and weakness and how they perform in Global Industrial Enzyme Market based on competitive benchmarking matrix?
• What are the key results derived from the market surveys conducted during Global Industrial Enzyme Market study?