The global industrial enzymes market size is expected to grow by USD 1.48 billion during 2020-2024, progressing at a CAGR of almost 5% during the forecast period.
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Technavio has announced its latest market research report titled Global Industrial Enzymes Market 2020-2024 (Graphic: Business Wire)
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The increasing demand for food enzymes is one of the major factors propelling market growth. However, factors such as complex production process will hamper the market growth.
The need for food enzymes is growing as it provides anti-stale, and softening properties to food products and also increases their shelf life. The enzymes such as protease, lipase, and carbohydrase are extensively used in meat products, bakery, dairy, and frozen foods to maintain the nutritional content. Moreover, food enzymes increase food safety, which is essential for processed and packaged food products, hence increasing their demand and driving the market growth.
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Global Industrial Enzymes Market: Application Landscape
Industrial enzymes have been used in the food processing sector for a long time, and they are still used in various food industries to provide good-quality products with increased production efficiency. They also help in providing eco-friendly products to consumers by reducing the consumption of energy, water, and raw materials, thereby generating less waste. Market growth in this segment will be faster than the growth of the market in the detergents, biofuel, and others segment.
Global Industrial Enzymes Market: Geographic Landscape
APAC was the largest industrial enzymes market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The rising disposable income, increasing awareness of the benefits of nutrition-enabled products, and demand for convenience food products will significantly drive industrial enzymes market growth in this region over the forecast period. 49% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for industrial enzymes in APAC. Market growth in this region will be the rising disposable income, increasing awareness of the benefits of nutrition-enabled products, and demand for convenience food products than the growth of the market in Europe and North America.
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Companies Covered
- Amano Enzyme Inc.
- Associated British Foods Plc
- Aumgene Biosciences
- BASF SE
- Chr. Hansen Holding A/S
- Codexis Inc.
- F. Hoffmann-La Roche Ltd.
- Koninklijke DSM NV
- Novozymes AS
- Thermo Fisher Scientific Inc.
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2019, 2020, till 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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Industrial Enzymes Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist in industrial enzymes market growth during the next five years
- Estimation of the industrial enzymes market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the industrial enzymes market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of industrial enzymes market, vendors
Table of Contents:
Geographic Landscape
Executive Summary
Market Landscape
- Geographic segmentation
- Geographic comparison
- Value chain analysis
Market Sizing
- North America - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- Market definition
- Europe - Market size and forecast 2019-2024
- Market segment analysis
- South America - Market size and forecast 2019-2024
- Market size 2019
- MEA - Market size and forecast 2019-2024
- Market outlook: Forecast for 2019 – 2024
- Key leading countries
Five Forces Analysis
- Market opportunity by geography
- Five forces summary
- Bargaining power of buyers
- Market drivers
- Bargaining power of suppliers
- Market challenges
- Market trends
- Threat of new entrants
Vendor Landscape
- Threat of substitutes
- Vendor landscape
- Threat of rivalry
- Market condition
- Landscape disruption
- Competitive scenario
Market Segmentation by Application
- Market segments
Vendor Analysis
- Vendors covered
- Comparison by Application
- Food and beverage - Market size and forecast 2019-2024
- Market positioning of vendors
- Amano Enzyme Inc.
- Detergents - Market size and forecast 2019-2024
- Associated British Foods Plc
- Animal feed - Market size and forecast 2019-2024
- Biofuel - Market size and forecast 2019-2024
- Aumgene Biosciences
- BASF SE
- Others - Market size and forecast 2019-2024
- Chr. Hansen Holding A/S
- Market opportunity by Application
Customer landscape
- Codexis Inc.
- F. Hoffmann-La Roche Ltd.
Geographic Landscape
- Geographic segmentation
- Koninklijke DSM NV
- Novozymes AS
- Geographic comparison
- Thermo Fisher Scientific Inc.
- North America - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
Appendix
- Scope of the report
- Europe - Market size and forecast 2019-2024
- Currency conversion rates for US$
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Research methodology
- List of abbreviations
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
- Competitive scenario
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Amano Enzyme Inc.
- Associated British Foods Plc
- Aumgene Biosciences
- BASF SE
- Chr. Hansen Holding A/S
- Codexis Inc.
- F. Hoffmann-La Roche Ltd.
- Koninklijke DSM NV
- Novozymes AS
- Thermo Fisher Scientific Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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