Global Industrial Enzymes Market Insights, Leading Players and Future Scope

The rising environmental concerns, increase in demand for carbohydrase and protease in the food and beverage industry, and growing R&D activities leads to industrial enzyme market proliferation. The rapid industrialization, surging bioethanol demand, and advancements made in the nutraceutical sector also boost the market. Besides this, developments in enzyme engineering and green chemistry and the rising use of genetically engineered enzymes in the industry lead to market expansion. 

Carbohydrases sales to industrial companies value the most, ascribed to the various uses of these enzymes in numerous industries such as animal feed, pharmaceuticals, and food and beverage industries. Carbohydrase offers numerous benefits such as cost-effectiveness, less time consumption for performing functions, and easy optimization and modification of the processes. On the other hand, cellulases are extensively used in the textile industry for manufacturing cellulose-containing materials. These are utilized in the processing steps and developing new textures. 

Under the application segment, the food and beverage industry dominates the market. A range of enzymes are used in producing food items such as meats, soft drinks, frozen yogurt, baby food, ice cream, confectionary sauces, and canned fruits. The massively utilized enzyme in producing raw food materials in the brewing and baking industries is starch hydrolyzing enzymes, particularly in the soft drinks and alcohol generation.

Based on source, the industrial enzymes market is divided into three categories; plant, animal and microorganism. Enzymes derived from microbes remain the most popular, and their sales will also witness the fastest growth in the years to come, attributed to the production of various enzymes from fungi, yeast, and bacteria. There are numerous uses of fungal enzymes in producing food products such as beer, dairy items, soy sauce, and baked goods. 

North America holds a significant share of the industrial enzymes market. It is expected to retain the same position in the market by 2030. The increased clinical trials to develop the surging technological advancements, potent therapeutics, and rising development of high-potential items such as biofuels, processed foods, biopolymers, and the growing food and beverage processing industry with the presence of the major players in the region results in expansion of the market. 

The rising environmental concerns and increased bioethanol production requirements drive the industrial enzymes market. Biomass ethanol has an extensive agricultural capacity and can be used as an extender, substitute, or enhancing material for motor fuels, such as diesel, gasoline, and kerosene in various countries. Biofuels can potentially replace the toxic oxygenates in petroleum fuels and thus decrease the pollution level in the production of biodiesel, biogas and other products. 

The key players in the industrial enzymes market are focusing on launching new products to enhance their portfolio and improve their position. For instance, Sweety Y-1 was launched by the Chr. Hansen Holding AS for dairy manufacturers to produce sweet products without sugar. It can convert the sugars in milk into glucose utilizing lactose. The major key players in the market are Novus International Inc., DuPont Danisco Cellulosic Ethanol LLC, Novozymes A/S, Chr. Hansen Holding A/S, Enzyme Development Corporation, and Associated British Food plc. 

Therefore, the rising demand for industrial enzymes in the food and beverage industry proliferates the market.

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