Technical Enzymes Market

2019 Analysis and Review Technical Enzymes Market by Source - Microorganism, Plant and Animal for 2019 - 2029

  • 2020-04-17
  • REP-GB-11411
  • 160 Tables
  • 136 Figures
  • 250 pages
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Technical Enzymes Market
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Global Technical Enzymes Market to Surpass US$ 3615 Mn by 2029

The global technical enzymes market is projected to reach US$ 3615 Mn by the end of 2029. The market was valued at US$ 1890 Mn in 2019. Recent advances in R&D activities for technological enzymes are the key factors that are projected to drive this market's growth during the forecast period.

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Technical Enzymes Market - Key Research Findings

  • The global technical enzymes market will expand at a CAGR of 6.7% over 2020-2030.
  • The market has noticeable demand from the Bio-ethanol industry.
  • Micro-organism remains the preferred source; plants to gain gradual traction.
  • European market will have comparatively higher growth for the customized premixes market; North America is the market front-runners for the technical enzymes market.

Key Factors Shaping Technical Enzymes Market

Increasing Demand from Chemical Industry

Technical enzymes are usually used as bulk enzymes in several industries such as pulp and paper, textile, and detergents industries; apart from these industries the technical enzymes are also used in the synthesis of organic products and biofuels. Commercially available technical enzymes used includes amylases, lipases, proteases, xylanases, catalases, and cellulases. Among these technical enzymes, α-amylases the most versatile enzymes in the sector of industrial enzymes undoubtedly because of the starch abundance, with the uses ranging from the starch conversion to sugar syrups. Apart from that, it is also used for the pharmaceutical industry to produce cyclodextrins. Lipases are used as industrial catalysts and its demand has increased these days.

COVID-19 Outbreak Compels Market Players to Reassess their Strategies

The outbreak COVID-19 pandemic has forced manufacturers to primarily go back over their strategies and improve it. This pandemic has very badly impacted the enzyme industry, the post effect of COVID-19 will also slowdown the growth of industry. However, due to increasing incidence of Corona Virus among the population, the lockdown executed across the countries around the world, corporations have been dropping their shutters. The technical enzyme market is facing the shortage of work force along with disruption of supply chain during the ongoing disaster.  

Increasing Demand in Animal Feed Industry

The use of technical enzymes in animal feed has the key role in modern farming systems. Technical feed enzymes improve the nutrients digestibility, leading to more proficiency in feed application. Moreover these technical enzymes also destroy the unwanted feed components, that are of little or no value or otherwise harmful. For instance, diets based on cereals including wheat, rye, and barley are have amount of non-starch polysaccharides that can reduce the intestinal production of methane when added with NSP (non-starch polysaccharides). Additionally, proteases can considerably reduce the quantity of non-protein nitrogen supplement in animal feed diet, thereby decreasing the urea excretion in the environment.

Technical Enzymes Market: Structure Analysis

  • Some of the major players of the global technical enzymes market include Koninklijke DSM N.V. (The Netherlands), E.I. du Pont de Nemours and Company (U.S.), BASF SE (Germany), Associated British Foods Plc (U.K.), Novozymes A/S (Denmark), Advanced Enzyme Technologies Ltd. (India), Epygen Labs FZ LLC (UAE), Maps Enzymes Limited (India) and Megazyme Inc. (U.S. New product developments and application bases expansions are expected to pose multiple opportunities over the forecast era.
  • Competition for raw materials with other industries and price fluctuations are likely to impede the development of the studied market. New product innovations and expansions of application bases are anticipated to provide numerous opportunities over the forecast period.

Report Metric

Details

Base year considered

2019

Historical Period

2014 - 2018

Forecast period

2019 - 2029

Market Value in 2019

US$ 1,890 Mn

Segments covered

Product Type, Application, Source and Region

Regions covered

North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA

Key Players

 Koninklijke DSM N.V. (The Netherlands), E.I. du Pont de Nemours and Company (U.S.), BASF SE (Germany), Associated British Foods Plc (U.K.), Novozymes A/S (Denmark), Advanced Enzyme Technologies Ltd. (India), Epygen Labs FZ LLC (UAE), Maps Enzymes Limited (India) and Megazyme Inc. (U.S.) 

Growth Drivers

  • Increasing demand from cosmetics industry propelling the growth
  • Rising demand from textile industry
  • Pharmaceuticals industry to continue exhibiting high demand
  • Increasing applications in Nutraceuticals spurs growth
  • Bio-ethanol industry driving the market

Rising Demand from Various Industries will Encourage Growth

Protease is a catalyst used in the proteolysis process, which is mainly an enzyme in the dairy industry, whereas lipases are a catalyst enzyme that speed up lipid and fat hydrolysis. Growing use of protease in the detergent industry would drive growth in the segment. Proteases have the most dominant market share and is expected to retain its dominance over the forecast period. This is due to its increasing use in drinks, food, pharmaceuticals and detergents.

In the coming years, the market will witness increasing demand from various industries. These include bio-ethanol, paper and pulp, starch processing and textile and leather industries.

North America Projected to Account the Largest Share

The North America market is estimated to account for the largest share in the market. The region exhibits high awareness about various benefits of technical enzymes. For instance they are environmentally friendly and cost-effective alternative to traditional alkaline or organic acid catalysts. Furthermore, recent technological developments have made technical enzymes available for a wide range of applications in the biofuels, paper & pulp, textile & leather, starch processing and other industries. North America boasts a sophisticated industrial infrastructure, which is expected to drive the growth of the market in the region. It is expected that North America will remain the largest market for technical enzymes globally owing to the production of new and superior performing goods, emerging technologies and global industrialisation. The U.S. ranks high on the global industrial enzyme market.

* This data is only a representation. Actual data may vary and will be available in report.

North America Projected to Account the Largest Share
North America Projected to Account the Largest Share
North America Projected to Account the Largest Share
North America Projected to Account the Largest Share
  • 2014
  • 2019
  • 2022
  • 2029
  • Arrow

Rising Demand for Food Processing to Propel the Market Growth

With a combined share of more than 35 percent, food processing dominates the technical enzyme market. This is the fastest growing market which is driven mainly by the buying power of the global population. Health awareness among the buyers is also an important factor for the rising demand for quality food, safer production processes and improved nutritional value. Growing demand for higher quality foods in regards to the natural flavour and taste has become a popular phenomenon among the consumers. These enzymes serve as catalysts by playing important roles in the decomposition of vitamins and nutrients in metabolic reactions and in the interconversion of large molecules into smaller molecules. Food enzymes, including amylase, cellulase, xylanase, pectinase, protease, lipase, glucosyltransferase, arabinanase, polygalacturonase, chymosin, and beta-glucanase, have become an integral part of the globaltechnical enzymes market..

Proteases segment held the leading market share

Cellulases segment forecast to higher rate of growth

Bio-ethanol segment holds dominance

Paper & pulp segment to rise at a higher CAGR

Micro-organisms segment holds dominance

Plants segment to rise at a higher CAGR

How Growth will Unfold

Increasing use in detergents manufacturing due to its properties, such as superior removal of stains and the ability to be used at low temperatures are expected to fuel the demand for technical enzymes in the coming years. The compound used in animal feed products increases the feed's digestibility and nutritional value, and enhances aquaculture sustainability. A key factor driving the global technical enzyme market is multifunctionality of technical enzymes. Advanced enzymes are seeing an increase in demand from various end-use industries, with ample advantages and the use of innovative enzymes.

However, intense competition among raw material suppliers of technical enzymes along with high costs are globally restricting the technical enzyme market. In order to gain competitive advantage, therefore, leading players are focusing on strategic collaborations. Furthermore, they are increasingly investing towards product innovations to woo consumers. 

Global Technical Enzymes Market: Competitive Outlook

* This data is only a representation. Actual data may vary and will be available in report.

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Overview

A recent market study published by Future Market Insights on the Technical Enzymes market offers global industry analysis for 2015-2019 & opportunity assessment for 2019-2029. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters of the Technical Enzymes market, the growth prospects of the market are obtained with maximum precision.

Technical Enzymes Market Taxonomy

The global Technical Enzymes market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Source

  • Micro organism
  • Plant
  • Animal

Application

  • Biofuel
  • Starch
  • Textiles & Leather
  • Paper & Pulp

Form

  • Liquid
  • Dry

Product Type

  • Amylases
  • Cellulases
  • Proteases
  • Lipases

Region

  • North America
  • Latin America
  • Europe
  • Asia
  • Oceania
  • MEA

What's Included

The executive summary of the Technical Enzymes market includes the market proprietary wheel of fortune, demand-side and supply-side trends, opportunity assessment, and recommendations on the global Technical Enzymes market.

Readers can find the detailed segmentation and definition of the Technical Enzymes market in this chapter, which will help them understand basic information about the Technical Enzymes market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the Technical Enzymes market report.

The associated industry assessment of the Technical Enzymes market is carried out in this section. The macroeconomic factors affecting growth of the Technical Enzymes market are provided in this section and the impact of these macroeconomic indicators on the Technical Enzymes market is analyzed. The processing overview and technological advancements in the Technical Enzymes market is also provided.

Profit margins at each level of the Technical Enzymes market are analyzed and readers can find detailed information on top importers and exporters as well as the value chain of the Technical Enzymes market.

The drivers and restraints impacting the growth of the Technical Enzymes market are explained in this chapter. Opportunities and ongoing trends in the Technical Enzymes market are also comprehensively discussed.

This chapter includes detailed analysis of the historical Technical Enzymes market (2015-2019), along with an opportunity analysis for the forecast period (2020-2030). Readers can also find the absolute $ opportunity for the current year (2019 - 2020) and incremental opportunity for the forecast period (2020-2030).

Based on source , the Technical Enzymes market is segmented into Microorganism, Plant and Animal. In this chapter, readers can find information about key trends and developments in the Technical Enzymes market and market attractiveness analysis based on raw material.

Based on Application, the Technical Enzymes market is classified into Biofuel, Starch, Textile& Leather and Paper & pulp. This part also offers market attractiveness analysis based on Application.

Based on Form, the Technical Enzymes market is classified into Liquid and Dry. This part also offers market attractiveness analysis based on form.

Based on Product type, the Technical Enzymes market is classified into Amylases, Cellulases, Proteases, Lipases. This part also offers market attractiveness analysis based on Product type.

This chapter explains how the Technical Enzymes market is anticipated to grow across various geographic regions such as North America, Latin America, Europe, Asia, Oceania, and Middle East and Africa.

This chapter includes a detailed analysis of the growth of the Technical Enzymes market in North America, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on end users and countries in the North America region.

Readers can find detailed information about several factors, such as the pricing analysis and regional trends, which are impacting growth of the Technical Enzymes market in Latin America. This chapter also includes growth prospects of the Technical Enzymes market in leading LATAM countries such as Brazil, Mexico, and the Rest of Latin America.

Important growth prospects of the Technical Enzymes market based on its end users in several countries such as Germany, U.K., France, Italy, Spain, BENELUX, Nordic,Russia, Poland, and the Rest of Western Europe are included in this chapter.

This chapter includes a detailed analysis of the growth of the Technical Enzymes market in the East Asia region, along with a country-wise assessment that includes Japan, China, and South Korea. Readers can also find regional trends, regulations, and market growth based on end users and countries in the APEJ region.

In this chapter, readers can find information about key trends and developments in the key countries of South Asia such as India, Thailand, Malaysia, Indonesia, Singapore, and Rest of South Asia Technical Enzymes market.

This chapter offers insights into how the Technical Enzymes marketis expected to grow in major countries in the Middle East region such as Australia and New Zealand, during the forecast period 2020-2030.

This chapter contains information about the market growth of Technical Enzymes in Middle East region such as GCC Countries, South Africa, North Africa, and the Rest of Middle East, during the forecast period 2020-2030.

In this chapter, readers can find detailed information about tier analysis and market concentration of the key players in the Technical Enzymes market along with their market presence analysis by region and product portfolio.

In this chapter, readers can find a comprehensive list of leading manufacturers in the Technical Enzymes market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Creative Enzymes, Koninklijke DSM N.V., E.I. du Pont de Nemours and Company , BASF SE, Associated British Foods Plc , Novozymes A/S, Advanced Enzyme Technologies Ltd. , Epygen Labs FZ LLC , Maps Enzymes Limited and Megazyme Inc.,Dyadic International,  Tex Biosciences, Denykem,MetGen.

This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the Technical Enzymes report.

This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information,on the Technical Enzymes market.

How the research was conducted?

Primary Research

  • C - Level Executives
  • Marketing Directors
  • Sales Heads
  • Production Managers
  • Distributors Heads
  • Sales Executives
  • Product Manufacturers
  • Distributors
  • Traders 
  • Industry Experts
  • End Users
  • Current Market Dynamics and Challenges
  • Market Characteristics
  • Market Performance and Growth Quadrants
  • Competition Structure and Market Structure
  • Strategic Growth Initiatives
  • Near-term and Long-term Market Growth Prospects
  • Market Segment Splits and Authenticity
  • Opinions on Market Projections and Validity Of Assumptions

Secondary Research

  • Industry Publications
    • Industrial Week
    • Industrial Product Review
    • Industrial Magazine
  • Industry Associations
    • Dieticians Association
    • Food and Agriculture Organization
  • Company Press Releases
  • Annual Reports and Investor Presentations
  • Research Papers
  • Government Websites and Publications
  • Trade Websites

Primary Interview Splits

Primary Interview Splits technical enzymes market designatioon

Primary Interview Splits technical enzymes market stakeholder

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