Industrial Enzymes Market Size, Trends and Insights By Type (Carbohydrases, Proteases, Polymerases & Nucleases, Lipase, Phytase, Others), By Source (Plants, Animals, Microorganisms), By Application (Food & Beverages, Personal & Household Care, Animal Feed, Bio-energy, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Novozymes
- DuPont
- Royal DSM
- AB Enzymes
- BASF
- Kerry Group
- Others
Reports Description
Global Industrial Enzymes Market was valued at USD 13.18 Billion in 2024 and is expected to reach USD 25.42 Billion by 2033, at a CAGR of 6.79% during the forecast period 2024 – 2033.
Industrial enzymes are catalysts that accelerate biochemical reactions in various industrial processes. They find extensive applications across sectors such as food and beverages, pharmaceuticals, textiles, and biofuels. These enzymes enhance process efficiency, reduce energy consumption, and offer environmentally friendly alternatives to traditional chemical methods.
In the food industry, they improve texture, flavor, and nutritional content, while in pharmaceuticals, they aid in drug synthesis and production. The growing emphasis on sustainable practices and eco-friendly solutions further drives the demand for industrial enzymes.
Industrial Enzymes Market: Growth Factors
Biofuel Demand Drives the Industrial Enzymes Market:
The industrial enzymes market is driven by the growing demand for biofuels. Enzymes play a crucial role in biofuel production by breaking down biomass into fermentable sugars. For instance, Novozymes reported a significant increase in enzyme sales for biofuel production, with a 10% rise in revenue in 2023 compared to the previous year. The food and beverage industry’s growth fuels the demand for industrial enzymes.
Enzymes are used in food processing to improve texture, flavor, and nutritional content. For example, AB Enzymes experienced a surge in demand for enzyme solutions in the food industry, leading to a revenue increase of 15% in 2023.
With a growing emphasis on sustainable agriculture practices, the use of enzymes in crop protection and soil management is increasing. Companies like BASF and Cargill are investing in enzyme solutions for sustainable farming practices, aiming to enhance crop yields while reducing environmental impact.
Ongoing advancements in enzyme technology drive market growth. For instance, Ginkgo Bioworks introduced Ginkgo Enzyme Services powered by machine learning-guided protein design, leading to enhanced enzyme functionality and productivity. This innovation supports various industries, including pharmaceuticals, diagnostics, and agriculture.
The growth of the animal feed industry contributes to the demand for enzymes used in feed formulations. BASF and Cargill’s partnership expansion to offer enzyme solutions to animal protein producers in the United States reflects this trend. Enzyme innovations in animal feed contribute to improved nutrient absorption, feed efficiency, and animal performance.
Government Initiatives Drive Enzyme Adoption for Sustainable Production:
Government initiatives promoting enzyme use in various industries further drive market growth. Incentives and subsidies encourage industries to adopt enzymatic processes for sustainable production. For instance, government policies promoting biofuel production have led to the increased adoption of enzymes in biofuel manufacturing. Increased awareness of enzyme applications across industries fuels market growth.
Companies like Novozymes and AB Enzymes actively educate industries about the benefits of enzyme technology, driving adoption rates. Educational campaigns and industry seminars highlight the role of enzymes in improving efficiency, sustainability, and cost-effectiveness. The increasing demand for specialty enzymes in niche industries contributes to market growth.
Specialty enzymes find applications in pharmaceuticals, diagnostics, and biotechnology. Ginkgo Bioworks’ launch of Ginkgo Enzyme Services addresses the need for specialized enzyme solutions tailored to specific industrial requirements, driving growth in this segment.
Technological innovations in enzyme production processes enhance efficiency and reduce production costs. Companies like Lallemand Inc. leverage advanced technologies to optimize enzyme manufacturing, resulting in competitive pricing and increased market accessibility. Improved production processes lead to higher-quality enzymes at competitive prices, driving market demand.
The globalization of the enzyme market opens new avenues for market growth. Companies like Novozymes and AB Enzymes expand their global presence, tapping into emerging markets and diversifying their customer base. Increased international trade and partnerships foster innovation and market growth, driving overall market growth.
Industrial Enzymes Market: Restraints
Enzymes’ short shelf life affects usability and effectiveness:
Stringent regulations regarding enzyme usage in industries, especially in the food and pharmaceutical sectors, pose hurdles to market growth. For instance, the FDA imposes rigorous testing and approval processes for enzyme applications in food processing. Industrial enzyme production requires sophisticated equipment and specific conditions, leading to high manufacturing costs. Companies face challenges maintaining competitive pricing while ensuring quality.
This restricts market expansion despite the growing demand for enzyme solutions. Enzymes often have limited stability and shelf life, which affects their effectiveness and usability in various industrial processes. Short shelf life increases the risk of product waste and necessitates frequent replenishment, adding to operational costs and complexity.
Lack of awareness about the benefits and applications of industrial enzymes hinders market growth. Many industries remain reliant on traditional methods due to a lack of understanding of enzymatic processes and their advantages.
Industrial Enzymes Market: Opportunities
Increased awareness of enzyme applications in food processing drives market growth:
Increased awareness of enzyme applications in the food sector is propelling market growth. AB Enzymes experienced a surge in demand, leading to a revenue increase of 15% in 2023. This reflects the rising adoption of enzymes in food processing for improved texture, flavor, and nutritional content. The demand for specialty enzymes in pharmaceuticals, diagnostics, and biotechnology is rising.
For example, Ginkgo Bioworks launched Ginkgo Enzyme Services, addressing specific industrial requirements and driving growth in this segment. With government policies promoting biofuel production, the need for enzymes in biofuel manufacturing is escalating. For instance, Novozymes reported a 10% rise in enzyme sales for biofuel production in 2023 compared to the previous year, indicating a significant market opportunity.
Advancements in enzyme production processes are enhancing efficiency and reducing costs. Lallemand Inc. leverages advanced technologies to optimize enzyme manufacturing, leading to competitive pricing and increased market accessibility. Companies like Novozymes and AB Enzymes are expanding globally, tapping into emerging markets and diversifying their customer base. This globalization fosters innovation and drives overall market growth.
Growing demand for enzyme solutions in cosmetics expands market opportunities:
Enzymes offer eco-friendly alternatives to textile processing, replacing traditional chemical methods. The textile industry’s shift towards sustainable practices drives the demand for enzyme solutions, creating opportunities for enzyme manufacturers. Enzymes are gaining traction in the cosmetics industry for various applications.
As demand grows, the market for enzyme solutions in cosmetics is expanding, presenting lucrative opportunities for enzyme manufacturers. Enzymes play a vital role in waste management processes, facilitating the breakdown of organic matter. With an increasing emphasis on waste reduction and environmental sustainability, the demand for enzymes in waste management is on the rise.
Incentives and subsidies promote the adoption of enzymatic processes for sustainable production. Government initiatives further drive market growth by encouraging industries to adopt enzyme solutions. Enzymes are increasingly used in bioremediation processes to clean up environmental pollutants. As environmental concerns escalate, the demand for enzyme-based solutions for bioremediation is expected to grow, presenting opportunities for market growth.
Industrial Enzymes Market: Segmentation
Based on Type, the market is classified into Carbohydrase, Proteases, Polymerases & Nucleases, Lipases, Phytase, and Others. Carbohydrases dominated the market in 2022 with a market share of 31 % and are expected to keep their dominance during the forecast period 2024-2032.
Carbohydrases, including amylases and cellulases, hold significant dominance due to their wide-ranging applications in food processing, textile, and biofuel industries. They catalyze the breakdown of complex carbohydrates into simpler sugars, essential for various industrial processes. Proteases, another dominant segment, play a crucial role in protein hydrolysis, finding extensive use in detergent manufacturing, food processing, and pharmaceutical industries.
Their ability to enhance the efficiency of enzymatic processes contributes to their dominance in the market. While carbohydrases and proteases enjoy broad utilization, the versatility and specificity of other enzymes cater to niche industrial needs, collectively contributing to the dynamic landscape of the Industrial Enzymes Market.
Based on Source, the market is classified into Plants, Animals and Microorganisms. The Plants segment dominated the market in 2022 with a market share of 45 % and is expected to keep its dominance during the forecast period 2024-2032.
Plant-derived enzymes hold a significant dominance owing to their widespread availability and ease of extraction. Enzymes sourced from plants are commonly used in various industries, including food processing, textiles, and pharmaceuticals.
Animal-derived enzymes also play a notable role, particularly in sectors such as healthcare and research, where enzymes like trypsin and collagenase are extensively utilized. Their versatility, scalability, and ability to produce a wide range of enzymes make microorganisms the preferred choice for many industrial applications, driving their dominance in the market.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 13.18 Billion |
| Projected Market Size in 2033 | USD 25.42 Billion |
| Market Size in 2023 | USD 12.34 Billion |
| CAGR Growth Rate | 6.79% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Type, Source, Application and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Industrial Enzymes Market: Regional Analysis
By region, the Global Industrial Enzymes Market is segmented into North America, Europe, Asia-Pacific, and LAMEA. North America dominated the global market in 2022 with a market share of 32% in 2022 and is expected to keep its dominance during the forecast period 2024-2032.
North America emerged as a dominant region in the industrial enzymes market due to the presence of established industries, stringent regulatory frameworks promoting enzyme usage, and robust investment in research and development.
These regions lead in enzyme adoption across various sectors including food and beverages, pharmaceuticals, and biotechnology. Europe shows significant growth potential driven by rapid industrialization, increasing demand for processed food, and rising awareness of enzyme applications in diverse industries.
Industrial Enzymes Market: Recent Development
- On 05 June 2023, Paine Schwartz Partners invested in Elemental Enzymes, a top provider of natural enzymes for agriculture. Founded in 2011, the St. Louis-based company specializes in enzymes, peptides, and proteins, enhancing plant health and yield. With 17 Types in 2023 and 115 expected by 2027, it targets the $9 billion biologicals market.
- On December 13, 2023, Kerry Group plc announced its definitive agreement to acquire part of Chr. Hansen Holding A/S and Novozymes A/S’ lactase enzyme business, subject to European Commission approval. This includes NOLA Types and aligns with Kerry’s biotechnology solutions strategy, enhancing its capability to create lactose-free dairy Types. The acquisition, valued at €150m, is expected to close in the first half of 2024. The business, with €40m in revenue in 2022, serves over 50 countries.
- In October 2023, AB Enzymes initiated a joint venture with a Chinese company to manufacture food sector enzymes. The collaboration capitalizes on the expertise of both entities to craft specialized enzyme solutions tailored to China’s food industry demands. This strategic alliance seeks to address the unique requirements of the Chinese food sector through innovative enzyme development.
List of the prominent players in the Industrial Enzymes Market:
- Novozymes
- DuPont
- Royal DSM
- AB Enzymes
- BASF
- Kerry Group
- Longda Bio-products
- Hansen Holding A/S
- Lallemand Inc.
- Amano Enzyme Inc.
- Advanced Enzyme Technologies Ltd.
- Biocatalysts Ltd.
- Roche Holding AG
- Dyadic International Inc.
- Enzyme Development Corporation
- Maps Enzymes Ltd.
- Enzyme Supplies Limited
- Creative Enzymes
- Jiangsu Boli Bioproducts Co. Ltd.
- Specialty Enzymes & Biotechnologies Co.
- Others
These key players are adopting various growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new Type launches, etc. to enhance their business operations and revenues.
The Industrial Enzymes Market is segmented as follows:
By Type
- Carbohydrases
- Proteases
- Polymerases & Nucleases
- Lipase
- Phytase
- Others
By Source
- Plants
- Animals
- Microorganisms
By Application
- Food & Beverages
- Personal & Household Care
- Animal Feed
- Bio-energy
- Others
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 Global Industrial Enzymes Market, (2024 – 2033) (USD Billion)
- 2.2 Global Industrial Enzymes Market: snapshot
- Chapter 3. Global Industrial Enzymes Market – Industry Analysis
- 3.1 Industrial Enzymes Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Biofuel Demand Drives the Industrial Enzymes Market
- 3.2.2 Government Initiatives Drive Enzyme Adoption for Sustainable Production
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Type
- 3.7.2 Market Attractiveness Analysis By Source
- 3.7.3 Market Attractiveness Analysis By Application
- Chapter 4. Global Industrial Enzymes Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Industrial Enzymes Market: Company Market Share, 2023
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Industrial Enzymes Market – Type Analysis
- 5.1 Global Industrial Enzymes Market Overview: By Type
- 5.1.1 Global Industrial Enzymes Market Share, By Type, 2023 and 2033
- 5.2 Carbohydrases
- 5.2.1 Global Industrial Enzymes Market by Carbohydrases, 2024 – 2033 (USD Billion)
- 5.3 Proteases
- 5.3.1 Global Industrial Enzymes Market by Proteases, 2024 – 2033 (USD Billion)
- 5.4 Polymerases & Nucleases
- 5.4.1 Global Industrial Enzymes Market by Polymerases & Nucleases, 2024 – 2033 (USD Billion)
- 5.5 Lipase
- 5.5.1 Global Industrial Enzymes Market by Lipase, 2024 – 2033 (USD Billion)
- 5.6 Phytase
- 5.6.1 Global Industrial Enzymes Market by Phytase, 2024 – 2033 (USD Billion)
- 5.7 Others
- 5.7.1 Global Industrial Enzymes Market by Others, 2024 – 2033 (USD Billion)
- 5.1 Global Industrial Enzymes Market Overview: By Type
- Chapter 6. Global Industrial Enzymes Market – Source Analysis
- 6.1 Global Industrial Enzymes Market Overview: By Source
- 6.1.1 Global Industrial Enzymes Market Share, By Source, 2023 and 2033
- 6.2 Plants
- 6.2.1 Global Industrial Enzymes Market by Plants, 2024 – 2033 (USD Billion)
- 6.3 Animals
- 6.3.1 Global Industrial Enzymes Market by Animals, 2024 – 2033 (USD Billion)
- 6.4 Microorganisms
- 6.4.1 Global Industrial Enzymes Market by Microorganisms, 2024 – 2033 (USD Billion)
- 6.1 Global Industrial Enzymes Market Overview: By Source
- Chapter 7. Global Industrial Enzymes Market – Application Analysis
- 7.1 Global Industrial Enzymes Market Overview: By Application
- 7.1.1 Global Industrial Enzymes Market Share, By Application, 2023 and 2033
- 7.2 Food & Beverages
- 7.2.1 Global Industrial Enzymes Market by Food & Beverages, 2024 – 2033 (USD Billion)
- 7.3 Personal & Household Care
- 7.3.1 Global Industrial Enzymes Market by Personal & Household Care, 2024 – 2033 (USD Billion)
- 7.4 Animal Feed
- 7.4.1 Global Industrial Enzymes Market by Animal Feed, 2024 – 2033 (USD Billion)
- 7.5 Bio-energy
- 7.5.1 Global Industrial Enzymes Market by Bio-energy, 2024 – 2033 (USD Billion)
- 7.6 Others
- 7.6.1 Global Industrial Enzymes Market by Others, 2024 – 2033 (USD Billion)
- 7.1 Global Industrial Enzymes Market Overview: By Application
- Chapter 8. Industrial Enzymes Market – Regional Analysis
- 8.1 Global Industrial Enzymes Market Regional Overview
- 8.2 Global Industrial Enzymes Market Share, by Region, 2023 & 2033 (USD Billion)
- 8.3. North America
- 8.3.1 North America Industrial Enzymes Market, 2024 – 2033 (USD Billion)
- 8.3.1.1 North America Industrial Enzymes Market, by Country, 2024 – 2033 (USD Billion)
- 8.3.1 North America Industrial Enzymes Market, 2024 – 2033 (USD Billion)
- 8.4 North America Industrial Enzymes Market, by Type, 2024 – 2033
- 8.4.1 North America Industrial Enzymes Market, by Type, 2024 – 2033 (USD Billion)
- 8.5 North America Industrial Enzymes Market, by Source, 2024 – 2033
- 8.5.1 North America Industrial Enzymes Market, by Source, 2024 – 2033 (USD Billion)
- 8.6 North America Industrial Enzymes Market, by Application, 2024 – 2033
- 8.6.1 North America Industrial Enzymes Market, by Application, 2024 – 2033 (USD Billion)
- 8.7. Europe
- 8.7.1 Europe Industrial Enzymes Market, 2024 – 2033 (USD Billion)
- 8.7.1.1 Europe Industrial Enzymes Market, by Country, 2024 – 2033 (USD Billion)
- 8.7.1 Europe Industrial Enzymes Market, 2024 – 2033 (USD Billion)
- 8.8 Europe Industrial Enzymes Market, by Type, 2024 – 2033
- 8.8.1 Europe Industrial Enzymes Market, by Type, 2024 – 2033 (USD Billion)
- 8.9 Europe Industrial Enzymes Market, by Source, 2024 – 2033
- 8.9.1 Europe Industrial Enzymes Market, by Source, 2024 – 2033 (USD Billion)
- 8.10 Europe Industrial Enzymes Market, by Application, 2024 – 2033
- 8.10.1 Europe Industrial Enzymes Market, by Application, 2024 – 2033 (USD Billion)
- 8.11. Asia Pacific
- 8.11.1 Asia Pacific Industrial Enzymes Market, 2024 – 2033 (USD Billion)
- 8.11.1.1 Asia Pacific Industrial Enzymes Market, by Country, 2024 – 2033 (USD Billion)
- 8.11.1 Asia Pacific Industrial Enzymes Market, 2024 – 2033 (USD Billion)
- 8.12 Asia Pacific Industrial Enzymes Market, by Type, 2024 – 2033
- 8.12.1 Asia Pacific Industrial Enzymes Market, by Type, 2024 – 2033 (USD Billion)
- 8.13 Asia Pacific Industrial Enzymes Market, by Source, 2024 – 2033
- 8.13.1 Asia Pacific Industrial Enzymes Market, by Source, 2024 – 2033 (USD Billion)
- 8.14 Asia Pacific Industrial Enzymes Market, by Application, 2024 – 2033
- 8.14.1 Asia Pacific Industrial Enzymes Market, by Application, 2024 – 2033 (USD Billion)
- 8.15. Latin America
- 8.15.1 Latin America Industrial Enzymes Market, 2024 – 2033 (USD Billion)
- 8.15.1.1 Latin America Industrial Enzymes Market, by Country, 2024 – 2033 (USD Billion)
- 8.15.1 Latin America Industrial Enzymes Market, 2024 – 2033 (USD Billion)
- 8.16 Latin America Industrial Enzymes Market, by Type, 2024 – 2033
- 8.16.1 Latin America Industrial Enzymes Market, by Type, 2024 – 2033 (USD Billion)
- 8.17 Latin America Industrial Enzymes Market, by Source, 2024 – 2033
- 8.17.1 Latin America Industrial Enzymes Market, by Source, 2024 – 2033 (USD Billion)
- 8.18 Latin America Industrial Enzymes Market, by Application, 2024 – 2033
- 8.18.1 Latin America Industrial Enzymes Market, by Application, 2024 – 2033 (USD Billion)
- 8.19. The Middle-East and Africa
- 8.19.1 The Middle-East and Africa Industrial Enzymes Market, 2024 – 2033 (USD Billion)
- 8.19.1.1 The Middle-East and Africa Industrial Enzymes Market, by Country, 2024 – 2033 (USD Billion)
- 8.19.1 The Middle-East and Africa Industrial Enzymes Market, 2024 – 2033 (USD Billion)
- 8.20 The Middle-East and Africa Industrial Enzymes Market, by Type, 2024 – 2033
- 8.20.1 The Middle-East and Africa Industrial Enzymes Market, by Type, 2024 – 2033 (USD Billion)
- 8.21 The Middle-East and Africa Industrial Enzymes Market, by Source, 2024 – 2033
- 8.21.1 The Middle-East and Africa Industrial Enzymes Market, by Source, 2024 – 2033 (USD Billion)
- 8.22 The Middle-East and Africa Industrial Enzymes Market, by Application, 2024 – 2033
- 8.22.1 The Middle-East and Africa Industrial Enzymes Market, by Application, 2024 – 2033 (USD Billion)
- Chapter 9. Company Profiles
- 9.1 Novozymes
- 9.1.1 Overview
- 9.1.2 Financials
- 9.1.3 Product Portfolio
- 9.1.4 Business Strategy
- 9.1.5 Recent Developments
- 9.2 DuPont
- 9.2.1 Overview
- 9.2.2 Financials
- 9.2.3 Product Portfolio
- 9.2.4 Business Strategy
- 9.2.5 Recent Developments
- 9.3 Royal DSM
- 9.3.1 Overview
- 9.3.2 Financials
- 9.3.3 Product Portfolio
- 9.3.4 Business Strategy
- 9.3.5 Recent Developments
- 9.4 AB Enzymes
- 9.4.1 Overview
- 9.4.2 Financials
- 9.4.3 Product Portfolio
- 9.4.4 Business Strategy
- 9.4.5 Recent Developments
- 9.5 BASF
- 9.5.1 Overview
- 9.5.2 Financials
- 9.5.3 Product Portfolio
- 9.5.4 Business Strategy
- 9.5.5 Recent Developments
- 9.6 Kerry Group
- 9.6.1 Overview
- 9.6.2 Financials
- 9.6.3 Product Portfolio
- 9.6.4 Business Strategy
- 9.6.5 Recent Developments
- 9.7 Longda Bio-products
- 9.7.1 Overview
- 9.7.2 Financials
- 9.7.3 Product Portfolio
- 9.7.4 Business Strategy
- 9.7.5 Recent Developments
- 9.8 Chr. Hansen Holding A/S
- 9.8.1 Overview
- 9.8.2 Financials
- 9.8.3 Product Portfolio
- 9.8.4 Business Strategy
- 9.8.5 Recent Developments
- 9.9 Lallemand Inc.
- 9.9.1 Overview
- 9.9.2 Financials
- 9.9.3 Product Portfolio
- 9.9.4 Business Strategy
- 9.9.5 Recent Developments
- 9.10 Amano Enzyme Inc.
- 9.10.1 Overview
- 9.10.2 Financials
- 9.10.3 Product Portfolio
- 9.10.4 Business Strategy
- 9.10.5 Recent Developments
- 9.11 Advanced Enzyme Technologies Ltd.
- 9.11.1 Overview
- 9.11.2 Financials
- 9.11.3 Product Portfolio
- 9.11.4 Business Strategy
- 9.11.5 Recent Developments
- 9.12 Biocatalysts Ltd.
- 9.12.1 Overview
- 9.12.2 Financials
- 9.12.3 Product Portfolio
- 9.12.4 Business Strategy
- 9.12.5 Recent Developments
- 9.13 Roche Holding AG
- 9.13.1 Overview
- 9.13.2 Financials
- 9.13.3 Product Portfolio
- 9.13.4 Business Strategy
- 9.13.5 Recent Developments
- 9.14 Dyadic International Inc.
- 9.14.1 Overview
- 9.14.2 Financials
- 9.14.3 Product Portfolio
- 9.14.4 Business Strategy
- 9.14.5 Recent Developments
- 9.15 Enzyme Development Corporation
- 9.15.1 Overview
- 9.15.2 Financials
- 9.15.3 Product Portfolio
- 9.15.4 Business Strategy
- 9.15.5 Recent Developments
- 9.16 Maps Enzymes Ltd.
- 9.16.1 Overview
- 9.16.2 Financials
- 9.16.3 Product Portfolio
- 9.16.4 Business Strategy
- 9.16.5 Recent Developments
- 9.17 Enzyme Supplies Limited
- 9.17.1 Overview
- 9.17.2 Financials
- 9.17.3 Product Portfolio
- 9.17.4 Business Strategy
- 9.17.5 Recent Developments
- 9.18 Creative Enzymes
- 9.18.1 Overview
- 9.18.2 Financials
- 9.18.3 Product Portfolio
- 9.18.4 Business Strategy
- 9.18.5 Recent Developments
- 9.19 Jiangsu Boli Bioproducts Co. Ltd.
- 9.19.1 Overview
- 9.19.2 Financials
- 9.19.3 Product Portfolio
- 9.19.4 Business Strategy
- 9.19.5 Recent Developments
- 9.20 Specialty Enzymes & Biotechnologies Co.
- 9.20.1 Overview
- 9.20.2 Financials
- 9.20.3 Product Portfolio
- 9.20.4 Business Strategy
- 9.20.5 Recent Developments
- 9.21 Others.
- 9.21.1 Overview
- 9.21.2 Financials
- 9.21.3 Product Portfolio
- 9.21.4 Business Strategy
- 9.21.5 Recent Developments
- 9.1 Novozymes
List Of Figures
Figures No 1 to 30
List Of Tables
Tables No 1 to 77
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2032
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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Prominent Player
- Novozymes
- DuPont
- Royal DSM
- AB Enzymes
- BASF
- Kerry Group
- Longda Bio-products
- Hansen Holding A/S
- Lallemand Inc.
- Amano Enzyme Inc.
- Advanced Enzyme Technologies Ltd.
- Biocatalysts Ltd.
- Roche Holding AG
- Dyadic International Inc.
- Enzyme Development Corporation
- Maps Enzymes Ltd.
- Enzyme Supplies Limited
- Creative Enzymes
- Jiangsu Boli Bioproducts Co. Ltd.
- Specialty Enzymes & Biotechnologies Co.
- Others
FAQs
Restraints for the Global Industrial Enzymes market include Enzymes’ short shelf life affects usability and effectiveness.
The major driver for the Global Industrial Enzymes market is the Biofuel Demand.
The “Carbohydrases” category dominated the market in 2023.
The key players in the market are Novozymes, DuPont, Royal DSM, AB Enzymes, BASF, Kerry Group, Longda Bio-products, Chr. Hansen Holding A/S, Lallemand Inc., Amano Enzyme Inc., Advanced Enzyme Technologies Ltd., Biocatalysts Ltd., Roche Holding AG, Dyadic International Inc., Enzyme Development Corporation, Maps Enzymes Ltd., Enzyme Supplies Limited, Creative Enzymes, Jiangsu Boli Bioproducts Co. Ltd., Specialty Enzymes & Biotechnologies Co., Others.
“North America” had the largest share in the Industrial Enzymes Market Market.
The global market is projected to grow at a CAGR of 6.79% during the forecast period, 2024-2033.
The Industrial Enzymes Market Market size was valued at USD 13.18 Billion in 2024.