3 days ago
Global Industrial Enzyme Markets: Innovation, Impact, and Growth
"The global industrial enzyme market is experiencing rapid growth, driven by advances in biotechnology and increasing demand across sectors like food, biofuels, and textiles. These powerful biocatalysts are revolutionizing industrial processes with greater efficiency and sustainability."
BOSTON, July 7, 2025 /PRNewswire/ -- According to the latest study, the demand for Global Markets for Enzymes in Industrial Applications is projected to grow from $7.9 billion in 2024 to $10.8 billion by the end of 2029, at a compound annual growth rate (CAGR) of 6.5% during the forecast period of 2024 to 2029.
This report explores the current and projected market potential of industrial enzymes across various industries, offering insights into key market drivers, challenges, and opportunities, as well as the regulatory landscape. It includes forecasts through 2029, segmented by application, source, and region, along with a competitive analysis and product overview.
The factors driving the market include:
New Application Areas: New application areas for industrial enzymes are emerging in sectors like pharmaceuticals, cosmetics, and bioplastics, expanding their market potential. These innovations drive sustainable solutions and open up diverse revenue streams across industries.
Growing Demand for Food Enzymes: The demand for food enzymes is rising rapidly due to their role in enhancing food quality, shelf life, and production efficiency. This growth is fueled by consumer preference for processed, nutritious, and clean-label food products.
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Report Synopsis
Report Metric
Details
Base year considered
2023
Forecast period considered
2024-2029
Base year market size
$7.4 billion
Market size forecast
$10.8 billion
Growth rate
CAGR of 6.5% for the forecast period of 2024-2029
Segments covered
Type, Application, Source, Region
Regions covered
North America, Europe, Asia-Pacific, Rest of the World
Countries covered
U.S., Canada, Mexico, China, Japan, India, South Korea, Australia, Germany, France, Italy, Spain, U.K.
Market drivers
• New Application Areas
• Growing Demand for Food Enzymes
Interesting facts:
Advances in enzyme design now leverage machine learning to enhance enzyme engineering. Enzyme applications are expanding beyond food and beverages into industries like biofuels, cosmetics, pharmaceuticals, and nutraceuticals.
The report addresses the following questions:
What is the projected market size and growth rate?The industrial enzyme market is projected to grow from $7.4 billion in 2023 to $10.8 billion by the end of 2029 at a CAGR of 6.5% during the forecast period.
What are the factors driving the growth of the market?The market's growth is driven by the increasing demand for enzymes in the food and beverage sector and expanding application areas of enzymes.
What market segments are covered in the report?The market is segmented by type, application, source, and region.
Which type of industrial enzyme will be dominant through 2029?The carbohydrases segment will dominate the market through 2029.
Which region has the highest market share?North America holds the highest market share.
Market leaders include:
AB ENZYMES
ADM
ADVANCED ENZYME TECHNOLOGIES
AJINOMOTO CO. INC.
AMANO ENZYME INC.
AUMGENE BIOSCIENCES
BASF
BIOCATALYSTS
CARGILL INC.
CREATIVE ENZYMES
DSM-FIRMENICH
ENZYME DEVELOPMENT CORP.
INTERNATIONAL FLAVORS & FRAGRANCES INC.
KERRY GROUP PLC
NOVOZYMES A/S
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