Industrial Enzymes Market worth $9.1 billion by 2026 - Exclusive Report by MarketsandMarkets™

CHICAGO, Jan. 25, 2022 /PRNewswire/ -- According to the report "Industrial Enzymes Market by Type (Carbohydrases, Proteases, Lipases, Polymerases & Nucleases), Application (Food & Beverages, Bioethanol, Feed, Detergents, Wastewater, Soil, and Oil Treatment), Source, Formulation and Region - Global Forecast to 2026", published by MarketsandMarkets™, 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. New technical applications of enzymes are being developed to enhance the production processes. Numerous companies in the textile industry incorporate enzymes as an alternative to chemicals to produce mild reactions that lead to clean and chemical-free garments. Gene modification in the existing enzyme has resulted in significant developments to enable enzymes to be functional under altering temperatures and pH levels.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=237327836

Ease of use in industrial applications boosting the usage of the liquid form

Liquid enzymes offer the potential to completely replace the use of chemicals in wastewater treatment, as enzymes can break down the organic matter faster and make the water treatment process more efficient due to the lack of chemicals. The usage of liquid enzymes has been bolstering the wastewater treatment industry. Many developed countries from the Middle Eastern and North African regions having water scarcity issues have been using liquid enzymes in the wastewater treatment process.

Being temperature-sensitive discouraging the industrial usage of animal-based enzymes

Initially, animals were the only source of enzymes. The major source of animal enzymes is the pancreas or stomach of the animal. Animal-based enzymes were specifically extracted from cows and swine. Unlike all other enzymes, animal enzymes are associated with numerous concerns, as they function only at low pH levels. These enzymes are also found to be temperature-sensitive. The most common animal enzymes are trypsin, pancreatin, and chymotrypsin. However, these enzymes are destroyed due to acidic conditions before they can perform their actual function. Thus, due to the temperature sensitivity, most animal enzymes are substituted by plant- and microorganism-based enzymes. This has illustrated a steady decrease in the demand for animal enzymes, thereby lowering their share in the market. Furthermore, enzymes derived from animal sources are unstable at a low pH environment, resulting in high costs for industrial applications. Animal-based enzymes are delicate, which requires extra care during handling and preparation, further increasing the cost of production.

Browse in-depth TOC on "Industrial Enzymes Market"

159 – Tables
43 – Figures  
235 – Pages

Polymerases & nucleases forming an essential part of food biotechnology advancements

Polymerases & nucleases have been grouped as they both work on nucleic acid polymers, such as ribonucleic acid (RNA) and deoxyribonucleic acid (DNA), and are commonly used in similar applications. These types of enzymes catalyze the synthesis of deoxyribonucleic acid (DNA) and ribonucleic acid (RNA) polymers, as they are essential for all nucleic acid processing, including replication, repair, recombination, and transcription. The core structure and properties of polymerases are highly conserved through evolutions, as they function in coordination with several other proteins to synthesize nucleic acids in an accurate, efficient, and well-regulated manner.

Request for Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=237327836

North America dominated the industrial enzymes market 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 3.0% each. This has positively impacted the usage of enzymes in feed in the North American region.

Key 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).

Related Reports:

Food Enzymes Market by Type (Carbohydrases, Proteases, Lipases, Polymerases & Nucleases), Source, Application (Food & Beverages), Formulation, and Region(North America, Europe, Asia Pacific, and South America) – Global Forecast to 2026
https://www.marketsandmarkets.com/Market-Reports/food-enzymes-market-800.html

Feed Enzymes Market by Type (Phytase, Carbohydrase, and Protease), Livestock (Poultry, Swine, Ruminants, and Aquatic Animals), Source (Microorganism, Plant, and Animal), Form (Dry and Liquid), and Region - Global Forecast to 2025
https://www.marketsandmarkets.com/Market-Reports/feed-enzyme-market-1157.html

Browse Adjacent Reports: Food and Beverage Market Research Reports & Consulting

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/industrial-enzymes-market.asp
Visit Our Website: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/industrial-enzymes.asp

SOURCE MarketsandMarkets