Industrial Enzymes Market: Innovations in Biotechnology and Applications

 The global industrial enzymes market was valued at USD 7.42 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2030. The rising global consumption of bakery products and fruit juices is expected to drive the demand for industrial enzymes. This factor is anticipated to contribute to the industry's growth in the years to come.

 

Industrial enzymes are widely used in the food and beverage sector to enhance product quality and extend shelf life. They are utilized in brewing and baking processes, as well as in dairy, starch, and sugar products that people regularly consume in significant quantities. In baking applications, they are employed to impart specific qualities to flour or dough. For instance, they help reduce the protein content of flour in biscuits and crackers, while their use in bread improves or standardizes its quality and ensures uniform browning.

 

The extensive use of industrial enzymes in the food and beverage industry, coupled with the basic necessity of food, leads to a consistently strong and rapid expansion of demand for these products. Additionally, the growing global population is projected to further boost market growth. According to the United Nations Department of Economic and Social Affairs (UN DESA), the world population is expected to surpass 9.7 billion by 2050 and may approach 11 billion by 2100. These factors are anticipated to drive global industry demand over the forecast period.

 

Gather more insights about the market drivers, restrains and growth of the Industrial Enzymes Market

 

Product Segmentation Insights

 

Carbohydrases, a key enzyme segment, held a significant market share of 48.34% in 2023. This dominance is driven by its widespread use in diverse sectors like animal feed, pharmaceuticals, and food & beverages. It acts as a catalyst, converting carbohydrates into sugars like fructose and glucose, which are essential ingredients in pharmaceuticals and food products. Additionally, it plays a crucial role in manufacturing artificial sweeteners and prebiotic products like isomaltose for beverages.

 

Proteases, another vital enzyme segment, are primarily used to break down proteins into amino acids. This process is essential for various applications, including animal feed, chemicals, detergents, food, and photography. Common types of proteases include aspartate, cysteine, serine, threonine, papain, glutamic acid, and metalloprotease. The growing emphasis on protein intake, fueled by increasing consumer awareness, is expected to boost the demand for proteases in the food industry over the forecast period.

 

Lipases, enzymes that catalyze the hydrolysis of fats and lipids, are employed in various applications. They aid in the digestion, processing, and transportation of dietary lipids like fats, oils, and triglycerides. In the food industry, lipases find use in cheese and yogurt fermentation, baking, and detergents. They also play a crucial role in biodiesel production, where they facilitate the processing of glycerides and fatty acids through esterification and transesterification. 

 

Order a free sample PDF of the Industrial Enzymes Market Intelligence Study, published by Grand View Research.

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