Table of Content

1 INTRODUCTION 43
1.1 STUDY OBJECTIVES 43
1.2 MARKET DEFINITION 43
1.3 STUDY SCOPE 44
FIGURE 1 MARKET SEGMENTATION 44
1.3.1 REGIONS COVERED 45
FIGURE 2 REGIONAL SEGMENTATION 45
1.4 YEARS CONSIDERED 45
FIGURE 3 YEARS CONSIDERED 45
1.5 CURRENCY CONSIDERED 46
TABLE 1 USD EXCHANGE RATES CONSIDERED, 2019–2022 46
1.6 UNITS CONSIDERED 46
1.7 STAKEHOLDERS 47
1.8 SUMMARY OF CHANGES 47
1.8.1 RECESSION IMPACT 47
2 RESEARCH METHODOLOGY 48
2.1 RESEARCH DATA 48
FIGURE 4 INDUSTRIAL ENZYMES MARKET: RESEARCH DESIGN 48
2.1.1 SECONDARY DATA 49
2.1.1.1 Key data from secondary sources 49
2.1.2 PRIMARY DATA 50
2.1.2.1 Key data from primary sources 50
2.1.2.2 Key industry insights 51
2.1.2.3 Breakdown of primary interviews 52
FIGURE 5 BREAKDOWN OF PRIMARY INTERVIEWS: BY VALUE CHAIN, DESIGNATION, AND REGION 52
2.2 FACTOR ANALYSIS 52
2.2.1 INTRODUCTION 52
2.2.2 DEMAND-SIDE ANALYSIS 53
FIGURE 6 KEY ECONOMIES BASED ON GROSS DOMESTIC PRODUCT, 2019–2021 (USD TRILLION) 53
2.2.3 SUPPLY-SIDE ANALYSIS 53
FIGURE 7 INDUSTRIAL ENZYMES MARKET SIZE ESTIMATION: SUPPLY-SIDE ANALYSIS 54
2.3 MARKET SIZE ESTIMATION 55
2.3.1 APPROACH ONE, BASED ON APPLICATION, BY REGION 55
2.3.2 APPROACH TWO, BASED ON GLOBAL MARKET 56
2.4 DATA TRIANGULATION 57
FIGURE 8 INDUSTRIAL ENZYMES MARKET: DATA TRIANGULATION AND MARKET BREAKDOWN 57
2.5 RESEARCH ASSUMPTIONS 58
2.6 RESEARCH LIMITATIONS 58
2.7 RECESSION IMPACT ANALYSIS 59
2.7.1 MACRO INDICATORS OF RECESSION 59
FIGURE 9 RECESSION INDICATORS 59
FIGURE 10 WORLD INFLATION RATE: 2011–2021 60
FIGURE 11 GLOBAL GROSS DOMESTIC PRODUCT: 2011–2021 (USD TRILLION) 61
FIGURE 12 RECESSION INDICATORS AND THEIR IMPACT ON INDUSTRIAL ENZYMES MARKET 62
FIGURE 13 GLOBAL INDUSTRIAL ENZYMES MARKET: CURRENT FORECAST VS. RECESSION FORECAST 62
3 EXECUTIVE SUMMARY 64
TABLE 2 INDUSTRIAL ENZYMES MARKET SNAPSHOT, 2023 VS. 2028 64
FIGURE 14 INDUSTRIAL ENZYMES MARKET SNAPSHOT, BY TYPE, 2023 VS. 2028 (USD MILLION) 65
FIGURE 15 INDUSTRIAL ENZYMES MARKET SNAPSHOT, BY TYPE, 2023 VS. 2028 (TONS) 66
FIGURE 16 INDUSTRIAL ENZYMES MARKET SNAPSHOT, BY APPLICATION, 2023 VS. 2028 (USD MILLION) 67
FIGURE 17 INDUSTRIAL ENZYMES MARKET SNAPSHOT, BY SOURCE, 2023 VS. 2028 (USD MILLION) 68
FIGURE 18 INDUSTRIAL ENZYMES MARKET SHARE & GROWTH RATE, BY REGION 68
4 PREMIUM INSIGHTS 70
4.1 ATTRACTIVE OPPORTUNITIES IN INDUSTRIAL ENZYMES MARKET 70
FIGURE 19 RISE IN DEMAND FOR CLEAN-LABEL AND CONVENIENCE FOODS TO DRIVE GROWTH OF INDUSTRIAL ENZYMES MARKET 70
4.2 INDUSTRIAL ENZYMES MARKET: MARKET SHARE OF MAJOR REGIONAL SUBMARKETS 71
FIGURE 20 US TO HAVE LARGEST MARKET SHARE DURING FORECAST PERIOD 71
4.3 ASIA PACIFIC: INDUSTRIAL ENZYMES MARKET, BY KEY TYPE & COUNTRY 72
FIGURE 21 CARBOHYDRASES SEGMENT AND CHINA TO ACCOUNT FOR LARGEST SHARES IN ASIA PACIFIC MARKET IN 2023 72
4.4 INDUSTRIAL ENZYMES MARKET, BY TYPE 73
FIGURE 22 CARBOHYDRASES SEGMENT TO DOMINATE INDUSTRIAL ENZYMES MARKET DURING FORECAST PERIOD (USD MILLION) 73
4.5 INDUSTRIAL ENZYMES MARKET, BY APPLICATION 74
FIGURE 23 FOOD & BEVERAGES SEGMENT TO DOMINATE INDUSTRIAL ENZYMES MARKET DURING FORECAST PERIOD 74
4.6 INDUSTRIAL ENZYMES MARKET, BY SOURCE 75
FIGURE 24 MICROORGANISM SEGMENT TO DOMINATE INDUSTRIAL ENZYMES MARKET DURING FORECAST PERIOD 75
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5 MARKET OVERVIEW 76
5.1 INTRODUCTION 76
5.2 MARKET DYNAMICS 77
FIGURE 25 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: INDUSTRIAL ENZYMES MARKET 77
5.2.1 DRIVERS 77
5.2.1.1 Switch toward renewable sources of energy to lead to increased consumption of bioethanol 77
FIGURE 26 BIOETHANOL PRODUCTION WORLDWIDE 78
5.2.1.2 R&D activities to help meet rising demand for enzyme applications 79
5.2.1.3 Advancements in enzyme engineering and green chemistry and introduction of genetically engineered enzymes 79
5.2.1.4 Use of enzymes in various industries 80
TABLE 3 APPLICATIONS AND BENEFITS OF ENZYMES 81
5.2.2 RESTRAINTS 84
5.2.2.1 Actions of enzymes restricted to various external factors 84
5.2.2.2 Stringent regulatory guidelines for manufacturers 84
5.2.2.3 High costs incurred by SMEs who adapt to new technologies 85
5.2.3 OPPORTUNITIES 85
5.2.3.1 Demand for natural substitutes of synthetic chemicals 85
5.2.3.2 Innovations in technologies and wide industry scope 85
5.2.3.3 Innovative technological platforms 86
5.2.3.4 Development of enzymes with longer shelf life 86
5.2.3.4.1 Encapsulation to enhance shelf life 86
5.2.4 CHALLENGES 87
5.2.4.1 High costs of raw materials limiting enzymes usage 87
5.2.4.2 Concerns over enzymes quality used in food & beverages and feed industries 87
5.2.4.3 Lack of transparency in patent protection laws 88
6 INDUSTRY TRENDS 89
6.1 INTRODUCTION 89
6.2 VALUE CHAIN ANALYSIS 89
FIGURE 27 INDUSTRIAL ENZYMES MARKET: VALUE CHAIN ANALYSIS 90
6.2.1 RESEARCH AND PRODUCT DEVELOPMENT 90
6.2.2 RAW MATERIAL SOURCING 90
6.2.3 PRODUCTION AND PROCESSING 91
6.2.4 DISTRIBUTION 91
6.2.5 MARKETING AND SALES 91
6.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 91
FIGURE 28 REVENUE SHIFT FOR INDUSTRIAL ENZYMES MARKET 92
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6.4 TARIFF AND REGULATORY LANDSCAPE 92
TABLE 4 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 92
TABLE 5 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 93
TABLE 6 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 94
TABLE 7 SOUTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 94
TABLE 8 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 95
6.5 REGULATORY FRAMEWORK 95
6.5.1 NORTH AMERICA 95
6.5.1.1 US 96
TABLE 9 ENZYME PREPARATIONS APPROVED-FOOD ADDITIVES LISTED IN 21 CFR 173 96
TABLE 10 ENZYME PREPARATIONS SPECIFIED IN FOOD STANDARDS 97
TABLE 11 ENZYME PREPARATIONS AFFIRMED AS GRAS LISTED IN 21 CFR 184 97
6.5.1.2 Canada 98
6.5.1.3 Mexico 98
6.5.2 EUROPE 99
TABLE 12 LIST OF PERMITTED ENZYMES IN EUROPE 99
6.5.2.1 EU legislation relevant to food enzymes 100
6.5.3 ASIA PACIFIC 100
6.5.3.1 India 100
6.5.3.2 China 100
6.5.3.3 Australia& New Zealand 101
6.5.3.4 Japan 102
6.6 PATENT ANALYSIS 103
FIGURE 29 NUMBER OF PATENTS GRANTED FOR INDUSTRIAL ENZYMES IN GLOBAL MARKET, 2013–2022 103
FIGURE 30 REGIONAL ANALYSIS OF PATENTS GRANTED IN INDUSTRIAL ENZYMES MARKET 104
TABLE 13 LIST OF MAJOR PATENTS PERTAINING TO INDUSTRIAL ENZYMES MARKET, 2013–2022 104
6.7 TRADE ANALYSIS 106
FIGURE 31 IMPORT VALUE OF ENZYMES FOR KEY COUNTRIES, 2018–2022 107
TABLE 14 IMPORT VALUE OF ENZYMES FOR KEY COUNTRIES, 2021 (USD THOUSAND) 107
FIGURE 32 EXPORT VALUE OF ENZYMES FOR KEY COUNTRIES, 2018–2022 108
TABLE 15 EXPORT VALUE OF ENZYMES FOR KEY COUNTRIES, 2021 (USD THOUSAND) 109
6.8 PRICING ANALYSIS 110
6.8.1 AVERAGE SELLING PRICE TREND ANALYSIS 110
TABLE 16 INDUSTRIAL ENZYMES MARKET: AVERAGE SELLING PRICE, BY TYPE, 2019–2023 (USD MILLION PER KILOTON) 110
TABLE 17 INDUSTRIAL ENZYMES MARKET: AVERAGE SELLING PRICE, BY REGION, 2019–2023 (USD MILLION PER KILOTON) 110
6.9 INDUSTRIAL ENZYMES MARKET: ECOSYSTEM/MARKET MAP 111
6.9.1 DEMAND SIDE 111
6.9.2 SUPPLY SIDE 111
FIGURE 33 INDUSTRIAL ENZYMES: MARKET MAP 111
TABLE 18 INDUSTRIAL ENZYMES MARKET: ECOSYSTEM 112
6.10 TECHNOLOGY ANALYSIS 113
6.10.1 ARTIFICIAL INTELLIGENCE IN ENZYMES DESIGN 113
6.10.2 FOOD ENZYMES AND ENCAPSULATION 113
6.11 CASE STUDIES 114
6.11.1 HEALTH COMPANY LAUNCHED NEW ENZYME TO AID BREWERS IN ADJUNCT BREWING 114
6.11.2 COMPANY LAUNCHED NEW ENZYME FOR DAIRY PRODUCTS TO REDUCE LACTOSE LEVELS AND BRING BALANCED SWEETNESS 115
6.12 PORTER’S FIVE FORCES ANALYSIS 115
TABLE 19 INDUSTRIAL ENZYMES MARKET: PORTER’S FIVE FORCES ANALYSIS 115
6.12.1 INTENSITY OF COMPETITIVE RIVALRY 115
6.12.2 BARGAINING POWER OF SUPPLIERS 116
6.12.3 BARGAINING POWER OF BUYERS 116
6.12.4 THREAT OF SUBSTITUTES 116
6.12.5 THREAT OF NEW ENTRANTS 116
6.13 KEY STAKEHOLDERS AND BUYING CRITERIA 117
6.13.1 KEY STAKEHOLDERS IN BUYING PROCESS 117
TABLE 20 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR INDUSTRIAL ENZYMES, BY END APPLICATION (%) 117
6.13.2 BUYING CRITERIA 117
TABLE 21 KEY CRITERIA FOR SELECTING SUPPLIER/VENDOR 117
FIGURE 34 KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS 118
6.14 KEY CONFERENCES AND EVENTS, 2023–2024 118
TABLE 22 KEY CONFERENCES AND EVENTS IN INDUSTRIAL ENZYMES MARKET, 2023–2024 118
7 INDUSTRIAL ENZYMES MARKET, BY FORMULATION 120
7.1 INTRODUCTION 120
7.2 LYOPHILIZED POWDER 120
7.2.1 NEED FOR SUPERIOR STABILITY, EASE OF TRANSPORTATION, IMPROVED ACTIVITY, AND LONGER SHELF LIFE TO DRIVE MARKET 120
7.3 LIQUID 121
7.3.1 EASE OF HANDLING, DOSING, AND MIXING INTO SOLUTIONS AND COST-EFFECTIVENESS TO DRIVE DEMAND FOR LIQUID ENZYMES 121
7.4 DRY 121
7.4.1 GREATER FLEXIBILITY, LIGHT-WEIGHT, AND REDUCED STORAGE COSTS TO PROPEL MARKET 121
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8 INDUSTRIAL ENZYMES MARKET, BY APPLICATION 123
8.1 INTRODUCTION 124
FIGURE 35 INDUSTRIAL ENZYMES MARKET SHARE (VALUE), BY APPLICATION, 2023 VS. 2028 125
TABLE 23 INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 125
TABLE 24 INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 126
TABLE 25 FOOD & BEVERAGES: INDUSTRIAL ENZYMES MARKET, BY SUB-APPLICATION, 2019–2022 (USD MILLION) 126
TABLE 26 FOOD & BEVERAGES: INDUSTRIAL ENZYMES MARKET, BY SUB-APPLICATION, 2023–2028 (USD MILLION) 127
TABLE 27 DETERGENTS: INDUSTRIAL ENZYMES MARKET, BY SUB-APPLICATION, 2019–2022 (USD MILLION) 127
TABLE 28 DETERGENTS: INDUSTRIAL ENZYMES MARKET, BY SUB-APPLICATION, 2023–2028 (USD MILLION) 127
TABLE 29 FEED: INDUSTRIAL ENZYMES MARKET, BY SUB-APPLICATION, 2019–2022 (USD MILLION) 128
TABLE 30 FEED: INDUSTRIAL ENZYMES MARKET, BY SUB-APPLICATION, 2023–2028 (USD MILLION) 128
8.2 FOOD & BEVERAGES 128
TABLE 31 FOOD & BEVERAGES: INDUSTRIAL ENZYMES MARKET, BY REGION, 2019–2022 (USD MILLION) 129
TABLE 32 FOOD & BEVERAGES: INDUSTRIAL ENZYMES MARKET, BY REGION, 2023–2028 (USD MILLION) 129
8.2.1 BAKERY & CONFECTIONERY PRODUCTS 129
8.2.1.1 Need to increase shelf life of bakery and confectionery products and produce healthier products to drive market 129
TABLE 33 ENZYMES USED IN BAKERY PRODUCTS APPLICATION 130
TABLE 34 BAKERY & CONFECTIONERY PRODUCTS: INDUSTRIAL ENZYMES MARKET, BY REGION, 2019–2022 (USD MILLION) 130
TABLE 35 BAKERY & CONFECTIONERY PRODUCTS: INDUSTRIAL ENZYMES MARKET, BY REGION, 2023–2028 (USD MILLION) 131
8.2.2 DAIRY PRODUCTS 131
8.2.2.1 Growing popularity of protease and lactase in dairy industry to make lactose-free products to drive market 131
TABLE 36 ENZYMES USED IN DAIRY PRODUCTS APPLICATION 131
TABLE 37 DAIRY PRODUCTS: INDUSTRIAL ENZYMES MARKET, BY REGION, 2019–2022 (USD MILLION) 132
TABLE 38 DAIRY PRODUCTS: INDUSTRIAL ENZYMES MARKET, BY REGION, 2023–2028 (USD MILLION) 132
8.2.3 BEVERAGES 132
8.2.3.1 Need for clarification, maceration, extraction, stabilization of juice color during storage, and increased yield to propel market 132
TABLE 39 BEVERAGES: INDUSTRIAL ENZYMES MARKET, BY REGION, 2019–2022 (USD MILLION) 133
TABLE 40 BEVERAGES: INDUSTRIAL ENZYMES MARKET, BY REGION, 2023–2028 (USD MILLION) 133
8.2.4 SUGAR 133
8.2.4.1 Biotechnology to increase efficiency of sugar processing and lead to energy savings 133
TABLE 41 SUGAR: INDUSTRIAL ENZYMES MARKET, BY REGION, 2019–2022 (USD MILLION) 134
TABLE 42 SUGAR: INDUSTRIAL ENZYMES MARKET, BY REGION, 2023–2028 (USD MILLION) 134
8.2.5 MEAT PROCESSING PRODUCTS 134
8.2.5.1 Growing consumer demand for healthier and better-flavored meat and poultry products to propel market 134
TABLE 43 MEAT PROCESSING PRODUCTS: INDUSTRIAL ENZYMES MARKET, BY REGION, 2019–2022 (USD MILLION) 135
TABLE 44 MEAT PROCESSING PRODUCTS: INDUSTRIAL ENZYMES MARKET, BY REGION, 2023–2028 (USD MILLION) 135
8.2.6 NUTRACEUTICALS 136
8.2.6.1 Ability to enhance efficacy, bioavailability, and overall functionality of products to drive market 136
TABLE 45 NUTRACEUTICALS: INDUSTRIAL ENZYMES MARKET, BY REGION, 2019–2022 (USD MILLION) 136
TABLE 46 NUTRACEUTICALS: INDUSTRIAL ENZYMES MARKET, BY REGION, 2023–2028 (USD MILLION) 137
8.2.7 OTHER FOOD & BEVERAGES PRODUCTS 137
TABLE 47 OTHER FOOD & BEVERAGES PRODUCTS: INDUSTRIAL ENZYMES MARKET, BY REGION, 2019–2022 (USD MILLION) 137
TABLE 48 OTHER FOOD & BEVERAGES PRODUCTS: INDUSTRIAL ENZYMES MARKET, BY REGION, 2023–2028 (USD MILLION) 138
8.3 DETERGENTS 138
TABLE 49 DETERGENTS: INDUSTRIAL ENZYMES MARKET, BY REGION, 2019–2022 (USD MILLION) 139
TABLE 50 DETERGENTS: INDUSTRIAL ENZYMES MARKET, BY REGION, 2023–2028 (USD MILLION) 139
8.3.1 LAUNDRY DETERGENTS 139
8.3.1.1 Effectiveness at lower temperatures and ability to aid in laundry with less time, energy, and water consumption to drive market 139
TABLE 51 LAUNDRY DETERGENTS: INDUSTRIAL ENZYMES MARKET, BY REGION, 2019–2022 (USD MILLION) 140
TABLE 52 LAUNDRY DETERGENTS: INDUSTRIAL ENZYMES MARKET, BY REGION, 2023–2028 (USD MILLION) 140
8.3.2 AUTOMATIC DISHWASHING DETERGENTS 140
8.3.2.1 Need to prevent degradation of glass, rapid removal of stains, and lowering of alkalinity to propel market 140
TABLE 53 AUTOMATIC DISHWASHING DETERGENTS: INDUSTRIAL ENZYMES MARKET, BY REGION, 2019–2022 (USD MILLION) 141
TABLE 54 AUTOMATIC DISHWASHING DETERGENTS: INDUSTRIAL ENZYMES MARKET, BY REGION, 2023–2028 (USD MILLION) 141
8.3.3 OTHER DETERGENT TYPES 141
TABLE 55 OTHER DETERGENT TYPES: INDUSTRIAL ENZYMES MARKET, BY REGION, 2019–2022 (USD MILLION) 142
TABLE 56 OTHER DETERGENT TYPES: INDUSTRIAL ENZYMES MARKET, BY REGION, 2023–2028 (USD MILLION) 142
8.4 FEED 142
TABLE 57 FEED: INDUSTRIAL ENZYMES MARKET, BY REGION, 2019–2022 (USD MILLION) 143
TABLE 58 FEED: INDUSTRIAL ENZYMES MARKET, BY REGION, 2023–2028 (USD MILLION) 143
8.4.1 RUMINANT FEED 143
8.4.1.1 Need to improve feed efficiency ratio for beef cattle, reduce production cost, and enhance profit potential to drive market 143
TABLE 59 RUMINANT FEED: INDUSTRIAL ENZYMES MARKET, BY REGION, 2019–2022 (USD MILLION) 144
TABLE 60 RUMINANT FEED: INDUSTRIAL ENZYMES MARKET, BY REGION, 2023–2028 (USD MILLION) 144
8.4.2 SWINE FEED 144
8.4.2.1 Need to prevent difficulties in digestion and help break down complex carbohydrases to drive market 144
TABLE 61 SWINE FEED: INDUSTRIAL ENZYMES MARKET, BY REGION, 2019–2022 (USD MILLION) 145
TABLE 62 SWINE FEED: INDUSTRIAL ENZYMES MARKET, BY REGION, 2023–2028 (USD MILLION) 145
8.4.3 POULTRY FEED 146
8.4.3.1 Ability to minimize nitrogen excretion from livestock and rising concerns about disease outbreaks in poultry to drive market 146
TABLE 63 POULTRY FEED: INDUSTRIAL ENZYMES MARKET, BY REGION, 2019–2022 (USD MILLION) 146
TABLE 64 POULTRY FEED: INDUSTRIAL ENZYMES MARKET, BY REGION, 2023–2028 (USD MILLION) 146
8.4.4 AQUAFEED 147
8.4.4.1 Need to increase fish growth rates and assist in survival and thriving of fish in larval stage to drive market 147
TABLE 65 AQUAFEED: INDUSTRIAL ENZYMES MARKET, BY REGION, 2019–2022 (USD MILLION) 147
TABLE 66 AQUAFEED: INDUSTRIAL ENZYMES MARKET, BY REGION, 2023–2028 (USD MILLION) 148
8.4.5 OTHER FEED TYPES 148
TABLE 67 OTHER FEED TYPES: INDUSTRIAL ENZYMES MARKET, BY REGION, 2019–2022 (USD MILLION) 148
TABLE 68 OTHER FEED TYPES: INDUSTRIAL ENZYMES MARKET, BY REGION, 2023–2028 (USD MILLION) 149
8.5 BIOETHANOL 149
8.5.1 REPUTATION OF BIOETHANOL AS ALTERNATIVE TO GASOLINE TO DRIVE MARKET 149
TABLE 69 BIOETHANOL: INDUSTRIAL ENZYMES MARKET, BY REGION, 2019–2022 (USD MILLION) 149
TABLE 70 BIOETHANOL: INDUSTRIAL ENZYMES MARKET, BY REGION, 2023–2028 (USD MILLION) 150
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8.6 SOIL TREATMENT 150
8.6.1 BIO ENZYMES TO CREATE OPPORTUNITY TO IMPROVE SOIL STABILITY 150
TABLE 71 SOIL TREATMENT: INDUSTRIAL ENZYMES MARKET, BY REGION, 2019–2022 (USD MILLION) 151
TABLE 72 SOIL TREATMENT: INDUSTRIAL ENZYMES MARKET, BY REGION, 2023–2028 (USD MILLION) 151
8.7 PAPER & PULP 151
8.7.1 REDUCED CHEMICAL CONSUMPTION AND COST-EFFECTIVENESS TO BOOST MARKET 151
TABLE 73 PAPER & PULP: INDUSTRIAL ENZYMES MARKET, BY REGION, 2019–2022 (USD MILLION) 152
TABLE 74 PAPER & PULP: INDUSTRIAL ENZYMES MARKET, BY REGION, 2023–2028 (USD MILLION) 152
8.8 TEXTILES & LEATHER 152
8.8.1 NEED TO CREATE HIGH-QUALITY FABRICS WITH VIBRANT COLORS TO PROPEL MARKET 152
TABLE 75 TEXTILES & LEATHER: INDUSTRIAL ENZYMES MARKET, BY REGION, 2019–2022 (USD MILLION) 153
TABLE 76 TEXTILES & LEATHER: INDUSTRIAL ENZYMES MARKET, BY REGION, 2023–2028 (USD MILLION) 153
8.9 WASTEWATER TREATMENT 154
8.9.1 NEED TO BREAK DOWN ORGANIC WASTE AND ENHANCE QUALITY OF WATER WITHOUT ANY TOXIC CHEMICAL TO BOOST MARKET 154
TABLE 77 WASTEWATER TREATMENT: INDUSTRIAL ENZYMES MARKET, BY REGION, 2019–2022 (USD MILLION) 154
TABLE 78 WASTEWATER TREATMENT: INDUSTRIAL ENZYMES MARKET, BY REGION, 2023–2028 (USD MILLION) 155
8.10 OIL TREATMENT 155
8.10.1 NEED FOR OIL EXTRACTION EFFICIENCY TO BOOST MARKET 155
TABLE 79 OIL TREATMENT: INDUSTRIAL ENZYMES MARKET, BY REGION, 2019–2022 (USD MILLION) 156
TABLE 80 OIL TREATMENT: INDUSTRIAL ENZYMES MARKET, BY REGION, 2023–2028 (USD MILLION) 156
8.11 OTHER APPLICATIONS 156
TABLE 81 OTHER APPLICATIONS: INDUSTRIAL ENZYMES MARKET, BY REGION, 2019–2022 (USD MILLION) 157
TABLE 82 OTHER APPLICATIONS: INDUSTRIAL ENZYMES MARKET, BY REGION, 2023–2028 (USD MILLION) 157
9 INDUSTRIAL ENZYMES MARKET, BY SOURCE 158
9.1 INTRODUCTION 159
FIGURE 36 INDUSTRIAL ENZYMES MARKET SHARE (VALUE), BY SOURCE, 2023 VS. 2028 160
TABLE 83 INDUSTRIAL ENZYMES MARKET, BY SOURCE, 2019–2022 (USD MILLION) 160
TABLE 84 INDUSTRIAL ENZYMES MARKET, BY SOURCE, 2023–2028 (USD MILLION) 160
9.2 MICROORGANISM 161
9.2.1 MICROBIAL ENZYMES TO PLAY MAJOR ROLE DUE TO BETTER STABILITY THAN PLANT AND ANIMAL ENZYMES 161
TABLE 85 MICROORGANISM: INDUSTRIAL ENZYMES MARKET, BY REGION, 2019–2022 (USD MILLION) 161
TABLE 86 MICROORGANISM: INDUSTRIAL ENZYMES MARKET, BY REGION, 2023–2028 (USD MILLION) 162
9.3 PLANT 162
9.3.1 NEED TO INCREASE SHELF LIFE AND MAINTAIN BODY HEALTH ENZYMES TO FUEL DEMAND FOR PLANT-BASED ENZYMES 162
TABLE 87 PLANT: INDUSTRIAL ENZYMES MARKET, BY REGION, 2019–2022 (USD MILLION) 163
TABLE 88 PLANT: INDUSTRIAL ENZYMES MARKET, BY REGION, 2023–2028 (USD MILLION) 163
9.4 ANIMAL 163
9.4.1 TEMPERATURE-SENSITIVITY, LOW PH ENVIRONMENT, AND HIGH PRODUCTION COST TO DISCOURAGE GROWTH OF ANIMAL ENZYMES 163
TABLE 89 ANIMAL: INDUSTRIAL ENZYMES MARKET, BY REGION, 2019–2022 (USD MILLION) 164
TABLE 90 ANIMAL: INDUSTRIAL ENZYMES MARKET, BY REGION, 2023–2028 (USD MILLION) 164
10 INDUSTRIAL ENZYMES MARKET, BY TYPE 165
10.1 INTRODUCTION 166
FIGURE 37 INDUSTRIAL ENZYMES MARKET SHARE (VALUE), BY TYPE, 2023 VS. 2028 166
TABLE 91 INDUSTRIAL ENZYMES MARKET, BY TYPE, 2019–2022 (USD MILLION) 167
TABLE 92 INDUSTRIAL ENZYMES MARKET, BY TYPE, 2023–2028 (USD MILLION) 167
TABLE 93 INDUSTRIAL ENZYMES MARKET, BY TYPE, 2019–2022 (TONS) 167
TABLE 94 INDUSTRIAL ENZYMES MARKET, BY TYPE, 2023–2028 (TONS) 168
TABLE 95 CARBOHYDRASES: INDUSTRIAL ENZYMES MARKET, BY SUB-TYPE, 2019–2022 (USD MILLION) 168
TABLE 96 CARBOHYDRASES: INDUSTRIAL ENZYMES MARKET, BY SUB-TYPE, 2023–2028 (USD MILLION) 168
10.2 CARBOHYDRASES 169
10.2.1 PRECISE CONTROL OVER ENZYMATIC REACTIONS AND USAGE IN VARIOUS APPLICATIONS TO DRIVE MARKET 169
TABLE 97 CARBOHYDRASES: INDUSTRIAL ENZYMES MARKET, BY REGION, 2019–2022 (USD MILLION) 169
TABLE 98 CARBOHYDRASES: INDUSTRIAL ENZYMES MARKET, BY REGION, 2023–2028 (USD MILLION) 170
TABLE 99 CARBOHYDRASES: INDUSTRIAL ENZYMES MARKET, BY REGION, 2019–2022 (TONS) 170
TABLE 100 CARBOHYDRASES: INDUSTRIAL ENZYMES MARKET, BY REGION, 2023–2028 (TONS) 170
10.2.2 AMYLASES 171
10.2.2.1 Increased usage in starch processing, textile production, papermaking, and pharmaceutical industry to drive market 171
TABLE 101 AMYLASES: INDUSTRIAL ENZYMES MARKET, BY REGION, 2019–2022 (USD MILLION) 171
TABLE 102 AMYLASES: INDUSTRIAL ENZYMES MARKET, BY REGION, 2023–2028 (USD MILLION) 172
10.2.3 CELLULASES 172
10.2.3.1 Features like lesser damage to fibers and environment friendliness to propel market 172
TABLE 103 CELLULASES: INDUSTRIAL ENZYMES MARKET, BY REGION, 2019–2022 (USD MILLION) 173
TABLE 104 CELLULASES: INDUSTRIAL ENZYMES MARKET, BY REGION, 2023–2028 (USD MILLION) 173
10.2.4 OTHER CARBOHYDRASES 173
TABLE 105 OTHER CARBOHYDRASES: INDUSTRIAL ENZYMES MARKET, BY REGION, 2019–2022 (USD MILLION) 174
TABLE 106 OTHER CARBOHYDRASES: INDUSTRIAL ENZYMES MARKET, BY REGION, 2023–2028 (USD MILLION) 174
10.3 PROTEASES 175
10.3.1 NEED TO MITIGATE USE OF HAZARDOUS CHEMICALS AND ABILITY TO REMOVE BIOFILM COST-EFFICIENTLY TO BOOST MARKET 175
TABLE 107 PROTEASES: INDUSTRIAL ENZYMES MARKET, BY REGION, 2019–2022 (USD MILLION) 175
TABLE 108 PROTEASES: INDUSTRIAL ENZYMES MARKET, BY REGION, 2023–2028 (USD MILLION) 176
TABLE 109 PROTEASES: INDUSTRIAL ENZYMES MARKET, BY REGION, 2019–2022 (TONS) 176
TABLE 110 PROTEASES: INDUSTRIAL ENZYMES MARKET, BY REGION, 2023–2028 (TONS) 176
10.4 LIPASES 177
10.4.1 AIDING IN DIGESTION AND PROCESSING OF DIETARY LIPIDS TO BOOST DEMAND FOR LIPASES 177
TABLE 111 LIPASES: INDUSTRIAL ENZYMES MARKET, BY REGION, 2019–2022 (USD MILLION) 177
TABLE 112 LIPASES: INDUSTRIAL ENZYMES MARKET, BY REGION, 2023–2028 (USD MILLION) 178
TABLE 113 LIPASES: INDUSTRIAL ENZYMES MARKET, BY REGION, 2019–2022 (TONS) 178
TABLE 114 LIPASES: INDUSTRIAL ENZYMES MARKET, BY REGION, 2023–2028 (TONS) 178
10.5 POLYMERASES & NUCLEASES 179
10.5.1 POLYMERASES & NUCLEASES TO FORM ESSENTIAL PART OF FOOD BIOTECHNOLOGICAL ADVANCEMENTS 179
TABLE 115 POLYMERASES & NUCLEASES: INDUSTRIAL ENZYMES MARKET, BY REGION, 2019–2022 (USD MILLION) 179
TABLE 116 POLYMERASES & NUCLEASES: INDUSTRIAL ENZYMES MARKET, BY REGION, 2023–2028 (USD MILLION) 179
TABLE 117 POLYMERASES & NUCLEASES: INDUSTRIAL ENZYMES MARKET, BY REGION, 2019–2022 (TONS) 180
TABLE 118 POLYMERASES & NUCLEASES: INDUSTRIAL ENZYMES MARKET, BY REGION, 2023–2028 (TONS) 180
10.6 OTHER TYPES 180
TABLE 119 OTHER ENZYMES: INDUSTRIAL ENZYMES MARKET, BY REGION, 2019–2022 (USD MILLION) 181
TABLE 120 OTHER ENZYMES: INDUSTRIAL ENZYMES MARKET, BY REGION, 2023–2028 (USD MILLION) 182
TABLE 121 OTHER ENZYMES: INDUSTRIAL ENZYMES MARKET, BY REGION, 2019–2022 (TONS) 182
TABLE 122 OTHER ENZYMES: INDUSTRIAL ENZYMES MARKET, BY REGION, 2023–2028 (TONS) 182
11 INDUSTRIAL ENZYMES MARKET, BY REGION 183
11.1 INTRODUCTION 184
FIGURE 38 INDIA TO ACHIEVE HIGHEST GROWTH RATE DURING FORECAST PERIOD 185
TABLE 123 INDUSTRIAL ENZYMES MARKET, BY REGION, 2019–2022 (USD MILLION) 185
TABLE 124 INDUSTRIAL ENZYMES MARKET, BY REGION, 2023–2028 (USD MILLION) 185
11.2 NORTH AMERICA 186
FIGURE 39 NORTH AMERICA: INDUSTRIAL ENZYMES MARKET SNAPSHOT 187
11.2.1 NORTH AMERICA: RECESSION IMPACT 187
FIGURE 40 NORTH AMERICA: RECESSION IMPACT ANALYSIS SNAPSHOT 188
TABLE 125 NORTH AMERICA: INDUSTRIAL ENZYMES MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 188
TABLE 126 NORTH AMERICA: INDUSTRIAL ENZYMES MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 188
TABLE 127 NORTH AMERICA: INDUSTRIAL ENZYMES MARKET, BY TYPE, 2019–2022 (USD MILLION) 189
TABLE 128 NORTH AMERICA: INDUSTRIAL ENZYMES MARKET, BY TYPE, 2023–2028 (USD MILLION) 189
TABLE 129 NORTH AMERICA: INDUSTRIAL ENZYMES MARKET, BY SUB-TYPE, 2019–2022 (USD MILLION) 189
TABLE 130 NORTH AMERICA: INDUSTRIAL ENZYMES MARKET, BY SUB-TYPE, 2023–2028 (USD MILLION) 190
TABLE 131 NORTH AMERICA: INDUSTRIAL ENZYMES MARKET, BY TYPE, 2019–2022 (TONS) 190
TABLE 132 NORTH AMERICA: INDUSTRIAL ENZYMES MARKET, BY TYPE, 2023–2028 (TONS) 190
TABLE 133 NORTH AMERICA: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 191
TABLE 134 NORTH AMERICA: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 191
TABLE 135 NORTH AMERICA: INDUSTRIAL ENZYMES MARKET, BY FOOD & BEVERAGES SUB-APPLICATION, 2019–2022 (USD MILLION) 192
TABLE 136 NORTH AMERICA: INDUSTRIAL ENZYMES MARKET, BY FOOD & BEVERAGES SUB-APPLICATION, 2023–2028 (USD MILLION) 192
TABLE 137 NORTH AMERICA: INDUSTRIAL ENZYMES MARKET, BY DETERGENT SUB-APPLICATION, 2019–2022 (USD MILLION) 192
TABLE 138 NORTH AMERICA: INDUSTRIAL ENZYMES MARKET, BY DETERGENT SUB-APPLICATION, 2023–2028 (USD MILLION) 193
TABLE 139 NORTH AMERICA: INDUSTRIAL ENZYMES MARKET, BY FEED SUB-APPLICATION, 2019–2022 (USD MILLION) 193
TABLE 140 NORTH AMERICA: INDUSTRIAL ENZYMES MARKET, BY FEED SUB-APPLICATION, 2023–2028 (USD MILLION) 193
TABLE 141 NORTH AMERICA: INDUSTRIAL ENZYMES MARKET, BY SOURCE, 2019–2022 (USD MILLION) 194
TABLE 142 NORTH AMERICA: INDUSTRIAL ENZYMES MARKET, BY SOURCE, 2023–2028 (USD MILLION) 194
11.2.2 US 194
11.2.2.1 Increased demand for industrial ethanol and healthy food and rising awareness of food enzyme benefits to drive market 194
TABLE 143 US: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 195
TABLE 144 US: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 195
11.2.3 CANADA 196
11.2.3.1 Concerns regarding safety of animal health and need to replace chemical catalysts with synthetic processes to boost market 196
TABLE 145 CANADA: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 196
TABLE 146 CANADA: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 197
11.2.4 MEXICO 197
11.2.4.1 Government campaigns to blend ethanol with petrol to promote textile industries 197
TABLE 147 MEXICO: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 198
TABLE 148 MEXICO: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 198
11.3 EUROPE 199
11.3.1 EUROPE: RECESSION IMPACT 199
FIGURE 41 EUROPE: RECESSION IMPACT ANALYSIS SNAPSHOT 200
TABLE 149 EUROPE: INDUSTRIAL ENZYMES MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 200
TABLE 150 EUROPE: INDUSTRIAL ENZYMES MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 201
TABLE 151 EUROPE: INDUSTRIAL ENZYMES MARKET, BY TYPE, 2019–2022 (USD MILLION) 201
TABLE 152 EUROPE: INDUSTRIAL ENZYMES MARKET, BY TYPE, 2023–2028 (USD MILLION) 201
TABLE 153 EUROPE: INDUSTRIAL ENZYMES MARKET, BY SUB-TYPE, 2019–2022 (USD MILLION) 202
TABLE 154 EUROPE: INDUSTRIAL ENZYMES MARKET, BY SUB-TYPE, 2023–2028 (USD MILLION) 202
TABLE 155 EUROPE: INDUSTRIAL ENZYMES MARKET, BY TYPE, 2019–2022 (TONS) 202
TABLE 156 EUROPE: INDUSTRIAL ENZYMES MARKET, BY TYPE, 2023–2028 (TONS) 202
TABLE 157 EUROPE: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 203
TABLE 158 EUROPE: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 203
TABLE 159 EUROPE: INDUSTRIAL ENZYMES MARKET, BY FOOD & BEVERAGES SUB-APPLICATION, 2019–2022 (USD MILLION) 204
TABLE 160 EUROPE: INDUSTRIAL ENZYMES MARKET, BY FOOD & BEVERAGES SUB-APPLICATION, 2023–2028 (USD MILLION) 204
TABLE 161 EUROPE: INDUSTRIAL ENZYMES MARKET, BY DETERGENT SUB-APPLICATION, 2019–2022 (USD MILLION) 204
TABLE 162 EUROPE: INDUSTRIAL ENZYMES MARKET, BY DETERGENT SUB-APPLICATION, 2023–2028 (USD MILLION) 205
TABLE 163 EUROPE: INDUSTRIAL ENZYMES MARKET, BY FEED SUB-APPLICATION, 2019–2022 (USD MILLION) 205
TABLE 164 EUROPE: INDUSTRIAL ENZYMES MARKET, BY FEED SUB-APPLICATION, 2023–2028 (USD MILLION) 205
TABLE 165 EUROPE: INDUSTRIAL ENZYMES MARKET, BY SOURCE, 2019–2022 (USD MILLION) 206
TABLE 166 EUROPE: INDUSTRIAL ENZYMES MARKET, BY SOURCE, 2023–2028 (USD MILLION) 206
11.3.2 ITALY 206
11.3.2.1 Use of industrial enzymes in agriculture and textile industries to drive market 206
TABLE 167 ITALY: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 207
TABLE 168 ITALY: INDUSTRIAL ENZY



11.4 ASIA PACIFIC 215
11.4.1 ASIA PACIFIC: RECESSION IMPACT 215
FIGURE 42 ASIA PACIFIC: RECESSION IMPACT ANALYSIS SNAPSHOT 216
TABLE 179 ASIA PACIFIC: INDUSTRIAL ENZYMES MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 216
TABLE 180 ASIA PACIFIC: INDUSTRIAL ENZYMES MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 217
TABLE 181 ASIA PACIFIC: INDUSTRIAL ENZYMES MARKET, BY TYPE, 2019–2022 (USD MILLION) 217
TABLE 182 ASIA PACIFIC: INDUSTRIAL ENZYMES MARKET, BY TYPE, 2023–2028 (USD MILLION) 217
TABLE 183 ASIA PACIFIC: INDUSTRIAL ENZYMES MARKET, BY SUB-TYPE, 2019–2022 (USD MILLION) 218
TABLE 184 ASIA PACIFIC: INDUSTRIAL ENZYMES MARKET, BY SUB-TYPE, 2023–2028 (USD MILLION) 218
TABLE 185 ASIA PACIFIC: INDUSTRIAL ENZYMES MARKET, BY TYPE, 2019–2022 (TONS) 218
TABLE 186 ASIA PACIFIC: INDUSTRIAL ENZYMES MARKET, BY TYPE, 2023–2028 (TONS) 219
TABLE 187 ASIA PACIFIC: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 219
TABLE 188 ASIA PACIFIC: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 220
TABLE 189 ASIA PACIFIC: INDUSTRIAL ENZYMES MARKET, BY FOOD & BEVERAGES SUB-APPLICATION, 2019–2022 (USD MILLION) 220
TABLE 190 ASIA PACIFIC: INDUSTRIAL ENZYMES MARKET, BY FOOD & BEVERAGES SUB-APPLICATION, 2023–2028 (USD MILLION) 221
TABLE 191 ASIA PACIFIC: INDUSTRIAL ENZYMES MARKET, BY DETERGENT SUB-APPLICATION, 2019–2022 (USD MILLION) 221
TABLE 192 ASIA PACIFIC: INDUSTRIAL ENZYMES MARKET, BY DETERGENT SUB-APPLICATION, 2023–2028 (USD MILLION) 221
TABLE 193 ASIA PACIFIC: INDUSTRIAL ENZYMES MARKET, BY FEED SUB-APPLICATION, 2019–2022 (USD MILLION) 222
TABLE 194 ASIA PACIFIC: INDUSTRIAL ENZYMES MARKET, BY FEED SUB-APPLICATION, 2023–2028 (USD MILLION) 222
TABLE 195 ASIA PACIFIC: INDUSTRIAL ENZYMES MARKET, BY SOURCE, 2019–2022 (USD MILLION) 222
TABLE 196 ASIA PACIFIC: INDUSTRIAL ENZYMES MARKET, BY SOURCE, 2023–2028 (USD MILLION) 223
11.4.2 CHINA 223
11.4.2.1 Need to increase production of starch-based sweeteners and availability of raw materials to drive market 223
TABLE 197 CHINA: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 224
TABLE 198 CHINA: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 224
11.4.3 JAPAN 225
11.4.3.1 Expanding apparel & home textile chemical businesses and rising meat consumption to propel market 225
TABLE 199 JAPAN: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 225
TABLE 200 JAPAN: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 226
11.4.4 INDIA 226
11.4.4.1 Growing demand for functional beverages and feed enzymes to drive market 226
TABLE 201 INDIA: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 227
TABLE 202 INDIA: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 227
11.4.5 AUSTRALIA & NEW ZEALAND 228
11.4.5.1 Availability of raw materials in agricultural sector and demand for eco-friendly products to propel market 228
TABLE 203 AUSTRALIA & NEW ZEALAND: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 229
TABLE 204 AUSTRALIA & NEW ZEALAND: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 229
11.4.6 SINGAPORE 230
11.4.6.1 Strong focus on sustainability and eco-friendly practices and robust research and development infrastructure to boost market 230
TABLE 205 SINGAPORE: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 230
TABLE 206 SINGAPORE: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 231
11.4.7 MALAYSIA 231
11.4.7.1 Growing food & beverage industry to fuel demand for enzymes in production of baked goods and beverages 231
TABLE 207 MALAYSIA: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 232
TABLE 208 MALAYSIA: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 232
11.4.8 VIETNAM 233
11.4.8.1 Fermented food consumption and need to reduce food processing in unhygienic conditions to drive market 233
TABLE 209 VIETNAM: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 233
TABLE 210 VIETNAM: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 234
11.4.9 PHILIPPINES 234
11.4.9.1 Rapid production of processed foods and beverages and presence of leading biofuel manufacturers to boost market 234
TABLE 211 PHILIPPINES: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 235
TABLE 212 PHILIPPINES: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 235
11.4.10 SOUTH KOREA 236
11.4.10.1 Rising consumption of Western food and bakery products to drive demand for industrial enzymes 236
TABLE 213 SOUTH KOREA: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 236
TABLE 214 SOUTH KOREA: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 237
11.4.11 REST OF ASIA PACIFIC 237
TABLE 215 REST OF ASIA PACIFIC: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 238
TABLE 216 REST OF ASIA PACIFIC: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 238
11.5 SOUTH AMERICA 239
11.5.1 SOUTH AMERICA: RECESSION IMPACT 239
FIGURE 43 SOUTH AMERICA: RECESSION IMPACT ANALYSIS SNAPSHOT 240
TABLE 217 SOUTH AMERICA: INDUSTRIAL ENZYMES MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 240
TABLE 218 SOUTH AMERICA: INDUSTRIAL ENZYMES MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 240
TABLE 219 SOUTH AMERICA: INDUSTRIAL ENZYMES MARKET, BY TYPE, 2019–2022 (USD MILLION) 241
TABLE 220 SOUTH AMERICA: INDUSTRIAL ENZYMES MARKET, BY TYPE, 2023–2028 (USD MILLION) 241
TABLE 221 SOUTH AMERICA: INDUSTRIAL ENZYMES MARKET, BY SUB-TYPE, 2019–2022 (USD MILLION) 241
TABLE 222 SOUTH AMERICA: INDUSTRIAL ENZYMES MARKET, BY SUB-TYPE, 2023–2028 (USD MILLION) 242
TABLE 223 SOUTH AMERICA: INDUSTRIAL ENZYMES MARKET, BY TYPE, 2019–2022 (TONS) 242
TABLE 224 SOUTH AMERICA: INDUSTRIAL ENZYMES MARKET, BY TYPE, 2023–2028 (TONS) 242
TABLE 225 SOUTH AMERICA: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 243
TABLE 226 SOUTH AMERICA: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 243
TABLE 227 SOUTH AMERICA: INDUSTRIAL ENZYMES MARKET, BY FOOD & BEVERAGES SUB-APPLICATION, 2019–2022 (USD MILLION) 244
TABLE 228 SOUTH AMERICA: INDUSTRIAL ENZYMES MARKET, BY FOOD & BEVERAGES SUB-APPLICATION, 2023–2028 (USD MILLION) 244
TABLE 229 SOUTH AMERICA: INDUSTRIAL ENZYMES MARKET, BY DETERGENT SUB-APPLICATION, 2019–2022 (USD MILLION) 244
TABLE 230 SOUTH AMERICA: INDUSTRIAL ENZYMES MARKET, BY DETERGENT SUB-APPLICATION, 2023–2028 (USD MILLION) 245
TABLE 231 SOUTH AMERICA: INDUSTRIAL ENZYMES MARKET, BY FEED SUB-APPLICATION, 2019–2022 (USD MILLION) 245
TABLE 232 SOUTH AMERICA: INDUSTRIAL ENZYMES MARKET, BY FEED SUB-APPLICATION, 2023–2028 (USD MILLION) 245
TABLE 233 SOUTH AMERICA: INDUSTRIAL ENZYMES MARKET, BY SOURCE, 2019–2022 (USD MILLION) 246
TABLE 234 SOUTH AMERICA: INDUSTRIAL ENZYMES MARKET, BY SOURCE, 2023–2028 (USD MILLION) 246
11.5.2 BRAZIL 246
11.5.2.1 Growing research and advancement in starch processing technology to reduce cost to boost market 246
TABLE 235 BRAZIL: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 247
TABLE 236 BRAZIL: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 247
11.5.3 ARGENTINA 248
11.5.3.1 Increasing use of starch processing and rising advancements in meat processing and dairy industries to drive market 248
TABLE 237 ARGENTINA: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 248
TABLE 238 ARGENTINA: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 249
11.5.4 REST OF SOUTH AMERICA 249
TABLE 239 REST OF SOUTH AMERICA: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 250
TABLE 240 REST OF SOUTH AMERICA: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 250
11.6 ROW 251
11.6.1 ROW: RECESSION IMPACT 251
FIGURE 44 ROW: RECESSION IMPACT ANALYSIS SNAPSHOT 252
TABLE 241 ROW: INDUSTRIAL ENZYMES MARKET, BY SUBREGION, 2019–2022 (USD MILLION) 252
TABLE 242 ROW: INDUSTRIAL ENZYMES MARKET, BY SUBREGION, 2023–2028 (USD MILLION) 252
TABLE 243 ROW: INDUSTRIAL ENZYMES MARKET, BY TYPE, 2019–2022 (USD MILLION) 252
TABLE 244 ROW: INDUSTRIAL ENZYMES MARKET, BY TYPE, 2023–2028 (USD MILLION) 253
TABLE 245 ROW: INDUSTRIAL ENZYMES MARKET, BY SUB-TYPE, 2019–2022 (USD MILLION) 253
TABLE 246 ROW: INDUSTRIAL ENZYMES MARKET, BY SUB-TYPE, 2023–2028 (USD MILLION) 253
TABLE 247 ROW: INDUSTRIAL ENZYMES MARKET, BY TYPE, 2019–2022 (TONS) 253
TABLE 248 ROW: INDUSTRIAL ENZYMES MARKET, BY TYPE, 2023–2028 (TONS) 254
TABLE 249 ROW: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 254
TABLE 250 ROW: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 255
TABLE 251 ROW: INDUSTRIAL ENZYMES MARKET, BY FOOD & BEVERAGES SUB-APPLICATION, 2019–2022 (USD MILLION) 255
TABLE 252 ROW: INDUSTRIAL ENZYMES MARKET, BY FOOD & BEVERAGES SUB-APPLICATION, 2023–2028 (USD MILLION) 256
TABLE 253 ROW: INDUSTRIAL ENZYMES MARKET, BY DETERGENT SUB-APPLICATION, 2019–2022 (USD MILLION) 256
TABLE 254 ROW: INDUSTRIAL ENZYMES MARKET, BY DETERGENT SUB-APPLICATION, 2023–2028 (USD MILLION) 256
TABLE 255 ROW: INDUSTRIAL ENZYMES MARKET, BY FEED SUB-APPLICATION, 2019–2022 (USD MILLION) 257
TABLE 256 ROW: INDUSTRIAL ENZYMES MARKET, BY FEED SUB-APPLICATION, 2023–2028 (USD MILLION) 257
TABLE 257 ROW: INDUSTRIAL ENZYMES MARKET, BY SOURCE, 2019–2022 (USD MILLION) 257
TABLE 258 ROW: INDUSTRIAL ENZYMES MARKET, BY SOURCE, 2023–2028 (USD MILLION) 258
11.6.2 AFRICA 258
11.6.2.1 Approval of Biofuels Regulatory Framework and growth of paper and pulp industry to drive market 258
TABLE 259 AFRICA: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 259
TABLE 260 AFRICA: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 259
11.6.3 MIDDLE EAST 260
11.6.3.1 Growing demand for food enzymes to prevent and recycle food waste to drive market for industrial enzymes 260
TABLE 261 MIDDLE EAST: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 260
TABLE 262 MIDDLE EAST: INDUSTRIAL ENZYMES MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 261
12 COMPETITIVE LANDSCAPE 262
12.1 OVERVIEW 262
12.2 STRATEGIES ADOPTED BY KEY PLAYERS 263
TABLE 263 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS 263
12.3 HISTORICAL REVENUE ANALYSIS OF KEY PLAYERS 266
FIGURE 45 REVENUE ANALYSIS OF KEY PLAYERS IN INDUSTRIAL ENZYMES MARKET, 2020–2022 (USD BILLION) 266
12.4 MARKET SHARE ANALYSIS 266
TABLE 264 MARKET SHARE ANALYSIS OF INDUSTRIAL ENZYMES MARKET, 2022 267
12.5 INDUSTRIAL ENZYMES MARKET: COMPANY EVALUATION QUADRANT OF KEY PLAYERS 267
12.5.1 STARS 268
12.5.2 PERVASIVE PLAYERS 268
12.5.3 EMERGING LEADERS 268
12.5.4 PARTICIPANTS 268
FIGURE 46 INDUSTRIAL ENZYMES MARKET: COMPANY EVALUATION QUADRANT, KEY PLAYERS, 2022 269
12.6 COMPETITIVE BENCHMARKING 270
TABLE 265 INDUSTRIAL ENZYMES MARKET: COMPANY TYPE FOOTPRINT 270
TABLE 266 INDUSTRIAL ENZYMES MARKET: COMPANY FORMULATION FOOTPRINT 270
TABLE 267 INDUSTRIAL ENZYMES MARKET: COMPANY SOURCE FOOTPRINT 271
TABLE 268 INDUSTRIAL ENZYMES MARKET: COMPANY APPLICATION FOOTPRINT 271
TABLE 269 INDUSTRIAL ENZYMES MARKET: COMPANY REGIONAL FOOTPRINT 272
TABLE 270 INDUSTRIAL ENZYMES MARKET: OVERALL COMPANY FOOTPRINT 272
12.7 INDUSTRIAL ENZYMES MARKET: COMPANY EVALUATION QUADRANT OF STARTUPS/SMES 273
12.7.1 PROGRESSIVE COMPANIES 273
12.7.2 STARTING BLOCKS 273
12.7.3 RESPONSIVE COMPANIES 273
12.7.4 DYNAMIC COMPANIES 273
FIGURE 47 INDUSTRIAL ENZYMES MARKET: COMPANY EVALUATION QUADRANT, STARTUPS/SMES, 2022 274
12.8 COMPETITIVE BENCHMARKING 274
TABLE 271 INDUSTRIAL ENZYMES MARKET: DETAILED LIST OF KEY STARTUPS/SMES 274
TABLE 272 INDUSTRIAL ENZYMES MARKET: COMPETITIVE BENCHMARKING OF STARTUPS/SMES 275
12.9 COMPETITIVE SCENARIO 276
12.9.1 PRODUCT LAUNCHES 276
TABLE 273 INDUSTRIAL ENZYMES MARKET: PRODUCT LAUNCHES, 2019–2023 276
TABLE 274 INDUSTRIAL ENZYMES MARKET: DEALS, 2019–2023 280
TABLE 275 INDUSTRIAL ENZYMES MARKET: OTHERS, 2019–2023 283
13 COMPANY PROFILES 284
13.1 KEY PLAYERS 284
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View)*
13.1.1 BASF 284
TABLE 276 BASF: BUSINESS OVERVIEW 284
FIGURE 48 BASF: COMPANY SNAPSHOT 285
TABLE 277 BASF: PRODUCTS/SOLUTIONS/SERVICES OFFERED 285
TABLE 278 BASF: PRODUCT LAUNCHES 286
TABLE 279 BASF: DEALS 287
TABLE 280 BASF: OTHERS 288
13.1.2 NOVOZYMES 289
TABLE 281 NOVOZYMES: BUSINESS OVERVIEW 289
FIGURE 49 NOVOZYMES: COMPANY SNAPSHOT 290
TABLE 282 NOVOZYMES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 290
TABLE 283 NOVOZYMES: PRODUCT LAUNCHES 291
TABLE 284 NOVOZYMES: DEALS 292
13.1.3 DUPONT 294
TABLE 285 DUPONT: BUSINESS OVERVIEW 294
FIGURE 50 DUPONT: COMPANY SNAPSHOT 295
TABLE 286 DUPONT: PRODUCTS/SOLUTIONS/SERVICES OFFERED 295
TABLE 287 DUPONT: PRODUCT LAUNCHES 296
TABLE 288 DUPONT: DEALS 297
13.1.4 DSM 299
TABLE 289 DSM: BUSINESS OVERVIEW 299
FIGURE 51 DSM: COMPANY SNAPSHOT 300
TABLE 290 DSM: PRODUCTS/SOLUTIONS/SERVICES OFFERED 300
TABLE 291 DSM: PRODUCT LAUNCHES 302
TABLE 292 DSM: DEALS 303
13.1.5 ASSOCIATED BRITISH FOODS PLC (ABF) 304
TABLE 293 ASSOCIATED BRITISH FOODS PLC (ABF): BUSINESS OVERVIEW 304
FIGURE 52 ASSOCIATED BRITISH FOODS PLC (ABF): COMPANY SNAPSHOT 305
TABLE 294 ASSOCIATED BRITISH FOODS PLC (ABF): PRODUCTS/SOLUTIONS/SERVICES OFFERED 305
TABLE 295 ASSOCIATED BRITISH FOODS PLC (ABF): PRODUCT LAUNCHES 306
TABLE 296 ASSOCIATED BRITISH FOODS PLC (ABF): DEALS 306
13.1.6 KERRY GROUP PLC. 308
TABLE 297 KERRY GROUP PLC.: BUSINESS OVERVIEW 308
FIGURE 53 KERRY GROUP PLC.: COMPANY SNAPSHOT 309
TABLE 298 KERRY GROUP PLC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 309
TABLE 299 KERRY GROUP PLC.: PRODUCT LAUNCHES 310
TABLE 300 KERRY GROUP PLC.: DEALS 310
TABLE 301 KERRY GROUP PLC.: OTHERS 311
13.1.7 ADVANCED ENZYME TECHNOLOGIES 312
TABLE 302 ADVANCED ENZYME TECHNOLOGIES: BUSINESS OVERVIEW 312
FIGURE 54 ADVANCED ENZYME TECHNOLOGIES: COMPANY SNAPSHOT 313
TABLE 303 ADVANCED ENZYME TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 313
TABLE 304 ADVANCED ENZYME TECHNOLOGIES: DEALS 315
13.1.8 CHR. HANSEN HOLDING A/S 316
TABLE 305 CHR. HANSEN HOLDING A/S: BUSINESS OVERVIEW 316
FIGURE 55 CHR. HANSEN HOLDING A/S: COMPANY SNAPSHOT 317
TABLE 306 CHR. HANSEN HOLDING A/S: PRODUCTS/SOLUTIONS/SERVICES OFFERED 317
TABLE 307 CHR. HANSEN HOLDING A/S: PRODUCT LAUNCHES 318
TABLE 308 CHR HANSEN HOLDING A/S: DEALS 319
13.1.9 AMANO ENZYME INC. 320
TABLE 309 AMANO ENZYME INC.: BUSINESS OVERVIEW 320
TABLE 310 AMANO ENZYME INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 320
TABLE 311 AMANO ENZYME INC.: PRODUCT LAUNCHES 321
TABLE 312 AMANO ENZYME INC.: OTHERS 321
13.1.10 AUMGENE BIOSCIENCES PVT. LTD. 322
TABLE 313 AUMGENE BIOSCIENCES PVT. LTD.: BUSINESS OVERVIEW 322
TABLE 314 AUMGENE BIOSCIENCES PVT. LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 322
?
13.1.11 MEGAZYME LTD. 323
TABLE 315 MEGAZYME LTD.: BUSINESS OVERVIEW 323
TABLE 316 MEGAZYME LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED 323
13.1.12 ENZYME SUPPLIES 325
TABLE 317 ENZYME SUPPLIES: BUSINESS OVERVIEW 325
TABLE 318 ENZYME SUPPLIES: PRODUCTS/SERVICES/SOLUTIONS OFFERED 325
13.1.13 CREATIVE ENZYMES 327
TABLE 319 CREATIVE ENZYMES: BUSINESS OVERVIEW 327
TABLE 320 CREATIVE ENZYMES: PRODUCTS/SERVICES/SOLUTIONS OFFERED 327
13.1.14 ENZYME SOLUTIONS 329
TABLE 321 ENZYME SOLUTIONS: BUSINESS OVERVIEW 329
TABLE 322 ENZYME SOLUTIONS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 329
13.1.15 ENZYMATIC DEINKING TECHNOLOGIES, LLC. 330
TABLE 323 ENZYMATIC DEINKING TECHNOLOGIES, LLC.: BUSINESS OVERVIEW 330
TABLE 324 ENZYMATIC DEINKING TECHNOLOGIES, LLC.: PRODUCTS/SOLUTIONS/ SERVICES OFFERED 330
13.1.16 BIOCATALYSTS 331
13.1.17 SUNSON INDUSTRY GROUP 332
13.1.18 METGEN 333
13.1.19 DENYKEM 334
13.1.20 TEX BIOSCIENCES (P) LTD. 335
* Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
14 ADJACENT & RELATED MARKETS 336
14.1 INTRODUCTION 336
14.2 LIMITATIONS 336
14.3 TECHNICAL ENZYMES MARKET 336
14.3.1 MARKET DEFINITION 336
14.3.2 MARKET OVERVIEW 337
TABLE 325 TECHNICAL ENZYMES MARKET, BY TYPE, 2017–2026 (USD MILLION) 337
TABLE 326 TECHNICAL ENZYMES MARKET, BY TYPE, 2017–2026 (TON) 338
14.3.3 TECHNICAL ENZYMES MARKET, BY REGION 338
TABLE 327 TECHNICAL ENZYMES MARKET, BY REGION, 2017–2026 (USD MILLION) 338
14.4 FOOD ENZYMES MARKET 339
14.4.1 MARKET DEFINITION 339
14.4.2 MARKET OVERVIEW 339
14.4.3 FOOD ENZYMES MARKET, BY APPLICATION 339
TABLE 328 FOOD ENZYMES MARKET, BY TYPE, 2016–2020 (USD MILLION) 340
TABLE 329 FOOD ENZYMES MARKET, BY TYPE, 2021–2026 (USD MILLION) 340
TABLE 330 FOOD ENZYMES MARKET, BY TYPE, 2016–2020 (TONS) 340
TABLE 331 FOOD ENZYMES MARKET, BY TYPE, 2021–2026 (TONS) 341
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14.4.4 FOOD ENZYMES MARKET, BY REGION 341
14.4.4.1 Introduction 341
TABLE 332 FOOD ENZYMES MARKET, BY REGION, 2016–2020 (USD MILLION) 341
TABLE 333 FOOD ENZYMES MARKET, BY REGION, 2021–2026 (USD MILLION) 342
14.5 FEED ENZYMES MARKET 342
14.5.1 MARKET DEFINITION 342
14.5.2 MARKET OVERVIEW 342
TABLE 334 FEED ENZYMES MARKET, BY REGION, 2016–2019 (USD MILLION) 343
TABLE 335 FEED ENZYMES MARKET, BY REGION, 2020–2025 (USD MILLION) 343
15 APPENDIX 344
15.1 DISCUSSION GUIDE 344
15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 349
15.3 CUSTOMIZATION OPTIONS 351
15.4 RELATED REPORTS 351
15.5 AUTHOR DETAILS 352