Asia-Pacific Industrial Enzymes Market

Asia-Pacific Industrial Enzymes Market  Size and Growth Analysis:

Asia-Pacific Industrial Enzymes Market size was around USD 1.54 billion in 2022. It is expected to grow at a CAGR of 6.3% to reach USD 2.1 billion by 2027. It captures 30% of the global market.

Asia-Pacific Industrial Enzymes Market Overview

Asia-Pacific Industrial Enzymes MarketNumerous industrial processes prefer enzymes because they accelerate chemical reactions while being selective and efficient and to some extent are environment-friendly. The Industrial Enzymes industry is in a phase of emergence. Emerging and dynamic industries like pharmaceuticals, food processing, and biofuels are widely using enzymes and they have been integral to innovations in household care, textiles, pulp, and paper processing markets. Rising disposable incomes in emerging economies, rise in demand for biofuel, growth in demand for consumer products, advancements in R&D activities for industrial enzymes, and multi-functionality of industrial enzymes are the primary factors driving the growth of this market. Resource optimization and enhanced focus on cost reduction are the secondary factors driving the growth of this market. Safety and quality of the product for customer acceptance, regulatory concerns in various industries, and volatility in industrial production are the primary factors hindering the growth of this market.

Asia-Pacific Industrial Enzymes Market Segmentation

The Asia-Pacific Industrial Enzymes market can be categorized into three categories:

• by Type

• by Application

• by source

by Type

• Amylases

• Cellulases

• Proteases

• Lipases 

• Phytases

Proteases are the most commonly used industrial enzymes because of their wider application areas such as beverage, food, detergents, and pharmaceuticals. The demand for cellulases is increasing, because of its increase in the industrial application of biofuels.

On the basis of application

• Food & beverages

• Cleaning agents 

• Animal feed

the basis of the source

• microorganisms

• plants,

• animals

The microorganism segment commanded the largest market share in 2016. The demand for microorganisms worldwide is on the rise when compared to that for plants & animals, because of their predictable and controllable enzyme content. Factors such as the presence of harmful materials in plants & animals and reliable supplies of microbes also drive the demand for the microorganism segment.

Asia-Pacific Industrial Enzymes Market geographical Analysis

• India

• Chin

• Japan

• Korea

It is second largest in terms of market share. China is the leading player in this region. Rising disposable and per capita incomes, augmenting population, increasing healthcare expenditures, increase in awareness of diseases, and rapid growth in technologies are the causes attributable to the observable trend mentioned above.  

Asia-Pacific Industrial Enzymes Market Key players

1. BASF SE (Germany)

2. E.I. du Pont de Nemours and Company (U.S.)

3. Associated British Foods plc (U.K.)

4. Koninklijke DSM N.V. (Netherlands)

5. Novozymes A/S (Denmark)

6. Dyadic International Inc. (U.S.)

7. Advanced Enzyme Technologies Ltd (India)

8. Adisseo (China)

9. Chr. Hansen Holding A/S (Denmark)

10. Amano Enzyme Inc. (Japan)