Industrial Enzymes Market - Forecasts from 2024 to 2029

Industrial Enzymes Market - Forecasts from 2024 to 2029

The industrial enzymes market is projected to grow at a CAGR of 9.83%, reaching a market size of US$5.978 billion in 2029 from US$3.102 billion in 2022.

The booming food and beverage processing industry is augmenting the demand for industrial enzymes to enhance the product’s texture, taste, and flavour.

Rising demand for cosmetics and personal care products due to the growing global ageing population and awareness is contributing to the global industrial enzymes market growth. Growing consciousness concerning good health and fitness is leading to the high demand for nutraceuticals, which will bolster the growth of digestive and nutritional enzymes, thereby positively impacting the industrial enzyme market growth over the forecast years. Furthermore, the demand for enzymes will intensify owing to their increasing application in animal feed products to boost the digestibility and nutritional value of the feed.

Rapid urbanization, especially in the emerging economies of the world

According to UN statistics, there is a growth in the urban population of the world, which increased to 56.9% in 2022. The migration of people from rural areas to urban areas has increased disposable income, which in turn has led to the adoption of modern living conditions as well. Thus, this has impacted positively the consumption levels, creating a market demand for the enzymes to be utilized by many industries for the development of innovative products, burgeoning the market growth in the forecast period. Additionally, with rapid urbanization, people can attain a better education and are paid well. This has further led to people paying attention to their health and personal hygiene and grooming their appearance, fueling the growth of the global industrial enzymes market during the forecast period.

Based on the end-use industry, the food and beverages sector is expected to grow at a high rate.

The food and beverage industry is expected to grow considerably during the forecast period. This is due to the increasing demand for enzymes such as carbohydrase, among other enzymes, in food processing, baking, and brewing. The growing need for the development of innovative flavours is further bolstering the growth of the global industrial enzymes market. Further, the demand for food enzymes will remain high during the forecast period due to the growing need to increase the shelf life of food products along with the optimization of the production processes.

Additionally, the cosmetics segment will witness the fastest market growth during the forecast period, with a growing demand for low synthetic chemical-based cosmetics by using natural enzymes and developing green cosmetics.

North America is projected to grow at a high rate during the forecast period

The market is significantly driven by the North American region. Strong economic growth and well-established industries in the area generate a strong demand for enzymes in a variety of industries. Enzymes are widely used in the food and beverage sector in this area to boost product quality, increase shelf life, and satisfy consumers' increasing demand for natural and clean-label goods.

Enzymes are increasingly being used in textile, detergent, and biofuel industries in North America as a result of a focus on environmentally friendly and sustainable manufacturing techniques. Enzyme technologies are constantly evolving due to the region's encouraging regulatory framework and focus on R&D, which expands their applications and boosts their market share. The market is expanding because of the region's robust industrial base, innovative economy, and environmental consciousness.

Product Offerings
DuPont Danisco Bonlacta: High-purity lactases like DuPont Danisco Bonlacta can hydrolyze lactose more quickly at high temperatures and under refrigeration, and they produce foods that taste exceptionally clean. Dairy producers can choose their process settings more freely to save reaction times by using this customized enzyme to create a lactose-free product. It guarantees the sensory quality of UHT and prolonged shelf-life products. It offers advantages like Improved filterability and sustained rapid hydrolysis in processes at high temperatures.
AB Enzymes ECOPULP: AB Enzymes ECOPULP is a capable supplier of technologically unique enzymes for use in the pulp and paper sector. Cellulases allow pulp refiners to produce fibrillation at lower levels of energy while sustaining less damage to the fibres by opening the surface of the fibre. Costs can be reduced as a result, and important quality metrics can be optimized. Specific esterases facilitate the elimination of stickies and the focused reduction of extractives in the paper, pulp, and machine surfaces. Xylanases allow pulp makers to obtain the same pulp brightness while lowering yield loss and chemical demand.

Market key launches
In November 2022, Novozymes introduced the first enzymatic corn separation solution ever, transforming the sector by making it feasible for producers of starch to operate their mills more efficiently than they could have with just mechanical separation. Plants were able to reduce energy costs, increase CO2 emissions, and increase starch yield due to Frontia® Fiberwash, a first-generation enzyme. More than one-third of the world's corn used to produce starch is treated with this enzymatic solution since the product has established itself as a standard in the industry. Through close collaboration and communication with the starch industry, Novozymes realized that enzymatic corn separation still held unrealized potential.
In October 2022, to increase the potential for Evoca, Biotalys' first patented biocontrol, the firm has partnered with Novozymes, a global leader in biotech solutions. With the use of this technological platform, Biotalys can find and create innovative biological food protection solutions that combine a high level of consistency, efficacy, and safety with fresh approaches to combat resistance. Evoca aids in the economically significant and sustainable management of powdery mildew and botrytis in fruits and vegetables.

Segmentation:

By Product
Lipase
Nuclease
Carbohydrase
Polymerase
Others
By Source
Animal
Plant
Microorganism
Algae
By End-User Industry
Food and Beverage
Paper and Pulp
Cosmetics
Pharmaceutical
Wastewater
Animal Feed
Others
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
UK
Germany
France
Italy
Others
Middle East and Africa
UAE
Saudi Arabia
Israel
Others
Asia Pacific
Japan
China
India
South Korea
Taiwan
Thailand
Indonesia
Others