The global industrial enzymes market comprises a wide range of enzymes that assist several industries in manufacturing essential products in an eco-friendly manner. Industrial enzymes find applications across various end-use industries like food & beverage processing, laundry & detergents, bioethanol production, and textile & leather processing. They help improve the manufacturing processes, reduce costs, and minimize environmental impact. Some of the key industrial enzymes are carbohydrates, proteases, lipases, polymerases & nucleases, and oxidoreductases.
The Global Industrial Enzymes Market is estimated to be valued at US$ 7.53 Bn in 2024 and is expected to exhibit a CAGR of 6.4% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the Industrial Enzymes Market are Advanced Enzyme Technologies, Lesaffre, Adisseo, Enzyme Development Corporation, BASF SE, Novozyme, DuPont Danisco, DSM, Novus International, Associated British Foods plc., and Chr. Hansen Holding A/S. The demand for industrial enzymes is increasing across major end-use industries like food & beverages, home & personal care, and bioethanol. Their capability to improve productivity and optimize costs is a key factor driving their demand. New product innovations and expanding applications in paper, pulp, leather, detergents and in the textile industries are further supporting the market growth. With rising awareness about environmental protection, industries are inclining towards eco-friendly production processes which uses industrial enzymes. This has encouraged established players to expand their production facilities globally in high growth regions.
Asia Pacific is the fastest growing regional market for industrial enzymes globally. China, India and other emerging economies are industrializing rapidly. This is translating to strong growth in key end use segments like food processing, textiles and biofuels. Additionally, consumer demand for specialty food items is driving enzyme innovation. Regional players are collaborating with global innovators on technology transfers and indigenous production. Southeast Asian nations are also emerging as industrial hubs, offering opportunities for new facility investments and partnerships by global enzyme leaders.
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