Global Industrial Enzymes Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

Global Industrial Enzymes Market Overview:

“The global Industrial Enzymes Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

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The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global industrial enzymes market report has been segmented on the basis of type, application, source, and region.

Enzymes are proteins that have catalytic functions indispensable to maintenance and activity of life. At present, there are about 4,000 kinds of enzymes whose actions are well known. Enzymes can be obtained from various sources such as from animal, bacterial, fungal, yeast and plant sources. Many enzymes are combined into metabolic pathways. A metabolic pathway is a sequence of chemical reactions that transform one or more reagents into an end-product that are required by the cell.

Increasing adoption of enzymes from food industry for making various dairy products is a major factor driving growth of the global industrial enzymes market. In addition, demand from paper industry, beverage industry, personal care, starch industry for conversion of starch in to glucose and various syrups, etc., are major factors expected to drive growth of the global industrial enzymes market.

However, limitations observed to use of enzymes which include limited thermostability, and narrow substrate scope is a major factor restraining growth of the global industrial enzymes market. In addition, stringent government regulations related to use of industrial enzymes is a major factor expected to challenge growth of the global industrial enzymes market.

Advancements such as new production and extraction techniques in microbial enzymes by increasing their productivity through genetic modification techniques is expected to create new opportunities for market players operating in the global industrial enzymes market.

Asia Pacific market is expected to dominate the global industrial enzymes market in terms of revenue, owing to adoption of industrial enzymes from booming healthcare and pharmaceutical industry. Markets in China and India are expected to contribute major revenue share to Asia Pacific market due to increasing demand for industrial enzymes from biofuel industry in this region.

Markets in North America and Europe are expected to account for highest share in terms of volume consumption, and this can be attributed to increasing demand for enzymes from food industry and considerably large consumer base in countries in these regions. Latin America and Middle East and Africa is expected to witness slow growth over the forecast period.

Global Industrial Enzymes Market Segmentation:

By Type

• Carbohydrases
• Proteases
• Polymerases & nucleases
• Lipases
• Phytases
• Others

By Application:

• Food & Beverage
• Cleaning Agents
• Textiles
• Animal Feed
• Pulp and Paper
• Other

By Source:

• Plant
• Animal
• Microorganisms

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa