The global industrial enzymes market is estimated to be valued at USD 6.6 billion in 2021. It is projected to reach USD 9.1 billion by 2026, recording a CAGR of 6.6% during the forecast period. The use of enzymes helps in ensuring better product quality with a lower manufacturing cost and lesser waste and energy consumption. The extent to which a desired industrial effect is achieved by an enzyme can be controlled through various means, such as dose, temperature, and time, as enzymes are catalysts, and their amount added to accomplish a reaction is relatively small.
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Impact of Covid-19 on Industrial Enzymes Market
The COVID-19 pandemic has highlighted the importance of eating healthy and nutritious food with a balanced intake of enzymes and other energy sources. As a result, fortified foods & beverages infused with nutritional enzymes and other healthy ingredients are witnessing an increase in demand. The market for meat products is projected to record a considerably lower growth rate due to the aversions toward meat products among consumers. However, the demand for bakery & confectionery products, dairy products, and juices is projected to increase with the rise in health concerns and increase in awareness regarding enzyme-infused products.
North America dominated the industrial enzymes market, with a value of USD 2.0 billion in 2020; it is projected to reach USD 2.8 billion by 2026, at a CAGR of 5.7% during the forecast period
The North American industrial enzymes market is led by their wide industrial applications. Technological advancements have made enzymes available for a wide range of applications. The North American region is the largest market for industrial enzymes, owing to the development of novel and superior performing products, developed technologies, and global industrialization. The US is the dominating country in the North American industrial enzymes market. However, the market in this region has reached maturity, and the use of enzymes has become standard practice. According to the Alltech Feed Survey in 2019, North America witnessed a steady growth of 2% in feed production over the last year. This is due to the increase in the growth of major species, with beef and poultry leading at 3% each. This has positively impacted the usage of enzymes in feed in the North American region.
Key Market Players
Key players in this market include DuPont (US), Associated British Foods plc (UK), DSM (Netherlands), Novozymes (US), CHr. Hansen Holdings A/S (Denmark), and Kerry Group (Ireland).
Increased Production In Lesser Time Boosting The Industrial Usage Of Microbial Enzymes
Microbial enzymes play a major role in the industrial enzymes market because they are more stable than plant and animal enzymes. They can be produced through fermentation techniques in a cost-effective manner with less time and space requirement, and because of their high consistency, process modification and optimization are easily done. Novel enzymes that cannot be extracted from plants and animals are derived from microorganisms and can be easily used. Enzymes are biocatalysts that play an important role in metabolic and biochemical reactions. Microbial enzymes are mainly produced by submerged fermentation and solid-state fermentation. The enormous diversity of microbial enzymes makes them an important source of raw materials for industrial applications, such as bioethanol, Paper & pulp, textile & leather, detergents, feed, and wastewater treatment. For example, the use of microbial enzymes in the Paper & pulp industry allows the secondary fiber structure to loosen up, releasing the embedded ink with reduced usage of alkali, chemicals, and detergents.
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Increased Usage of Amylase Benefitting the Food & Beverage and Textile Industries
Amylases are an important type of carbohydrases used to catalyze the hydrolysis of starch into sugars. They are among the main types of enzymes used in the industry to hydrolyze starch molecules into polymers composed of glucose units. Amylase breaks down carbohydrases (polysaccharides) into disaccharides and, ultimately, into monosaccharides, such as glucose. It is used in the baking industry as the addition of amylase to the dough, which enhances the rate of fermentation; this results in the reduction of the viscosity of dough, further improving the volume and texture of the product. Moreover, it generates additional sugar in the dough, which improves the taste, crust color, and toasting qualities of bakery products. Additionally, amylase usage in the textile industry benefits denim manufacturers in de-sizing and lowering the operational costs; in the paper industry, amylases help de-inking and drainage improvement. These factors fuel the usage of amylases in industrial applications.