Report Highlights
The global market for enzymes in industrial applications is estimated to increase from $7.9 billion in 2024 to reach $10.8 billion by 2029, at a compound annual growth rate (CAGR) of 6.5% from 2024 through 2029.
Report Includes
- 87 data tables and 65 additional tables
- An updated review of the global markets for enzymes in industrial applications within the biotech industry
- Analyses of the global market trends, with sales data for 2021- 2023, estimates for 2024, and projections of compound annual growth rates (CAGRs) through 2029
- Evaluation of the potential market size and revenue sales forecast of global enzyme applications market, and corresponding market share analysis by type of enzyme, application, source, and region
- A comprehensive analysis of the enzymes industry and its sub-segments in the global market, thereby providing a detailed structure of the industry
- Discussion of the key market dynamics, new technology advancements, regulatory aspects, and increasing R&D activities in the global market for industrial enzymes
- A discussion on ESG challenges and practices of the industry
- Market share analysis of the key companies of the industry and coverage of their proprietary technologies, strategic alliances, and other key market strategies
- Company profiles of major players within the industry, including Novozymes A/S, DSM-Firmenich, International Flavors & Fragrances Inc., BASF, and Kerry Group PLC.
Report Scope
This report highlights industrial enzymes’ current and future market potential across different industries. It provides a detailed analysis of the drivers, restraints, opportunities, and regulatory scenarios in the market. This report also covers market projections through 2029 and presents a competitive environment and product analysis.
The report provides market estimates and forecasts based on application, source, and region. By application, the market is segmented into food, technical, animal feed, biofuel enzymes, and other enzymes. Based on source, the report provides analysis of microbial, plant, and animal-derived enzymes.
By geographical region, the market has been segregated into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). The North American region includes the U.S., Canada, and Mexico. Europe includes Germany, the U.K., Italy, France, Spain, and the Rest of Europe. Asia-Pacific includes China, Japan, India, South Korea, Australia, and the Rest of Asia-Pacific. For market estimates, data have been provided for 2021 and 2022 as the historic years, and 2023 as the base year, with forecasts for 2029.
Report Synopsis
| Report Metrics | Details | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2023 | ||||||||||||||||
| Forecast period considered | 2024-2029 | ||||||||||||||||
| Base year market size | $7.4 billion | ||||||||||||||||
| Market size forecast | $10.8 billion | ||||||||||||||||
| Growth rate | CAGR of 6.5% for the forecast period of 2024-2029 | ||||||||||||||||
| Units considered | $ Millions | ||||||||||||||||
| Segments covered | Type, Application, Source, Region | ||||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific, Rest of the World | ||||||||||||||||
| Countries covered | U.S., Canada, Mexico, China, Japan, India, South Korea, Australia, Germany, France, Italy, Spain, U.K. | ||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
- NOVOZYMES A/S
- DSM-Firmenich
- International Flavors & Fragrances Inc.
- BASF
- Kerry Group
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
Report Highlights
The global market for enzymes in industrial applications should grow from $6.4 billion in 2021 to $8.7 billion by 2026, at compound annual growth rate (CAGR) of 6.3% for the period of 2021-2026.
Report Highlights
The global industrial enzymes market should reach $7.0 billion by 2023 from $5.5 billion in 2018 at a compound annual growth rate (CAGR) of 4.9% for the period 2018-2023.
Report Highlights
The global market for industrial enzymes reached nearly $4.6 billion and $4.9 billion in 2014 and 2015, respectively. This market is expected to increase from nearly $5.0 billion in 2016 to $6.3 billion in 2021 at a compound annual growth rate (CAGR) of 4.7% for 2016-2021.
Report Highlights
The global market for industrial enzymes was worth nearly $4.5 billion in 2012 and nearly $4.8 billion in 2013. The market is expected to reach around $7.1 billion by 2018, a compound annual growth rate (CAGR) of 8.2% from 2013 to 2018.
Report Highlights
The global market for industrial enzymes was valued at $3.1 billion in 2009 and reached about $3.6 billion in 2010. The estimated market for 2011 is about $3.9 billion. BCC projects this market to grow at a compounded annual growth rate (CAGR) of 9.1% to reach $6 billion by 2016.
Report Highlights
The global market for industrial enzymes is estimated at $3.3 billion in 2010. This market is expected to reach $4.4 billion by 2015, a compound annual growth rate (CAGR) of 6% over the 5-year forecast period.
Report Highlights
This Report:
- The global market for industrial enzymes increased from $2.2 billion in 2006 to an estimated $2.3 billion by the end of 2007. It should reach $2.7 billion by 2012, a compound annual growth rate (CAGR) of 4%.
- The greatest growth rate is expected in the animal enzymes sector, with a CAGR of 6% between 2007 and 2012, helped in large part by the increased use of phytase enzymes to fight phosphate pollution.
- New and emerging applications have helped drive demand for enzymes, and the industry is responding with a continuous stream of innovative products.
Report Highlights
-
The global market for industrial enzymes is estimated at $2 billion in 2004 and is expected to rise at an average annual growth rate (AAGR) of 3.3% to $2.4 billion in 2009.
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Volume growth of industrial enzymes is between a 4% and 5% AAGR, and is accompanied by decreasing prices.
-
Growth of the animal feed enzyme sector is somewhat higher, at nearly a 4% AAGR, helped by increased use of phytase enzyme to fight phosphate pollution.
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Technical enzymes for detergent and pulp and paper manufacturing, among others, are the largest segment with a 52% share. Growth will parallel the overall market.
Report Highlights
-
Total U.S. consumption of enzymes is estimated at $514 million in 2000.
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Growing at an average annual rate (AAGR) of 4.1%, usage will reach $629.3 million by 2005.
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Pulp and paper applications will show the most growth, at an AAGR of 6.5% through the period.
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Detergent/cleaners are second, with 5% annually on average. Food and animal feed applications dominate the current market, accounting for just under half the total value.
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