Industrial Enzymes Market Growth Factors, Opportunities and Key Players
by Mit K. SEOThe industrial
enzymes market is estimated to be valued at USD 5.9 billion in 2020 and
is projected to reach USD 8.7 billion by 2026, recording a CAGR of 6.5%, in
terms of value. The growing environmental concerns and enzyme quality in food
& beverages and feed, and the rising demand for bioethanol are factors that
are projected to drive the growth of the industrial enzymes market globally.
Based on source, the industrial enzymes market is segmented
into microorganism, plant, and animal. The microorganism segment is projected
to witness the fastest growth during the forecast period, as enzymes obtained
from microbial sources lead to low production costs. Furthermore, they contain
more predictable and controllable enzyme content. In addition, as enzymes
obtained from microbial sources can be cultured in large quantities in a short
period, microorganisms are the primary source of industrial enzymes.
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By type, the industrial enzymes market is segmented into
carbohydrases, proteases, lipases, polymerases & nucleases, and other
enzymes (such as catalases, laccases, oxidases, phosphatases, kinases,
esterases, and pectinases). Carbohydrases are classified into amylases,
cellulases, and other carbohydrases (such as pectinases, lactases, mannanases,
and pullulanases). Amylases used in the textile industry benefit denim
manufacturers in de-sizing and lowering the operational costs. In the paper
industry, amylases help in de-inking and drainage improvement. However, the
textile industry functionally benefits in the replacement of pumice stones by a
cellulose-based treatment; benefits include less damage to fibers, increased
productivity of the machines, and less hazardous environment for manufacturers.
The industrial enzymes market in North America was dominant
due to the increasing demand for enzymes in industrial applications.
Technological innovations in machinery, optimization of production, logistics,
and globalization of business have made the food & beverage industry one of
the essential sectors in North America. However, the shift of industrial
operations from developed regions, such as North America and Europe, to Asia
Pacific, has further contributed to the growth of the industrial enzymes market
in the Asia Pacific region. The use of industrial enzymes in textiles &
leather and detergents has been fueling the market in the Asia Pacific region.
Furthermore, European consumers have shown an inclination toward clean-label
and organic products. This has enabled manufacturers to consider organic
ingredients as major components of the products. Due to this, the industrial
enzymes market in the European region is led by the growing focus on the
production of food & beverages, owing to the functional benefits of
enzymes.
This report includes a study on the marketing and
development strategies, along with the product portfolios of leading companies.
It consists of profiles of leading companies, such as BASF (Germany), Novozymes
(Denmark), DuPont (US), DSM (Netherlands), Kerry Group (Ireland), Dyadic
International (US), Advanced Enzymes (India), Chr. Hansen (Denmark), Amano
Enzymes (Japan), Megazyme (Ireland), Aumgene Biosciences (India), Biocatalysts
(UK), Enzyme Supplies (UK), Creative Enzymes (US), Enzyme Solutions (US),
Enzymatic Deinking Technologies (US), Sunson Industry Group (China), MetGen
(Finland), Denykem (UK), and Tex Biosciences (India).
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Created on Dec 21st 2021 04:19. Viewed 218 times.