Industrial Enzymes Market Projected to Garner Significant Revenues by 2026

February 08 18:42 2023
Industrial Enzymes Market Projected to Garner Significant Revenues by 2026
MarketsandMarkets™
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 market.

The industrial enzymes market is expected to grow significantly, reaching a value of USD 9.1 billion by 2026 with a projected annual growth rate of 6.6%. 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.

Industrial Enzymes Market

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Lyophilization Retaining The Nutritional Value

Lyophilization is also known as freeze-drying; it is a process of removing moisture from raw, frozen products through a vacuum system and sublimation. In the case of a lyophilized powder formulation, there is minimal thermal damage of protein since the entire process is carried out at a temperature less than 30 °C (86 °F). This process has the ability to produce clean, whole, and nutritious food ingredients with a high shelf-life, making products versatile, accessible, and convenient. The lyophilized powder is produced using a unique combination of various coating technologies. This, in turn, leads to effective encapsulation of the enzyme, which isolates it from the environment. This kind of formulation retains the nutritional value better than other drying methods without affecting the actual color and shape of the original raw material, reassuring consumers they are getting real fruits & vegetables.

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.

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North America dominated the industrial enzymes market during the forecast period.

According to a study published by the United States Department of Agriculture (USDA) in 2018, the North American population spends almost 14% of their household expenditure on food. This resulted in food & beverage manufacturers incline toward increasing the shelf-life of various products, which would augment the demand for food enzymes in the North American region. According to the US Department of Health & Human Services, “From 1999–2000 through 2017–2018, the prevalence of obesity increased from 30.5% to 42.4%, and the prevalence of severe obesity increased from 4.7% to 9.2%.” The growing demand for clean-label and natural ingredients in the region is likely to drive its use in food applications in the US, Canada, and Mexico. Industrial enzymes used for baking, fats & oil processing, and dairy are likely to drive the growth of the market.

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

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

Technical Enzymes Market by Type (Amylases, Cellulases, Proteases, and Lipases), Industry (Biofuel, Starch, Textiles & Leather, and Paper & Pulp), Source (Microorganism, Plant, and Animal), Form (Liquid and Dry), and Region – Global Forecast to 2026

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