Europe Industrial Enzymes Market

Europe Industrial Enzymes Market Size and Growth Analysis:

Europe Industrial Enzymes Market size was around USD xx Billion in 2022. It is expected to grow at a CAGR of x.x% to reach USD xx billion by 2027. It captures 20% of the global market.

Europe Industrial Enzymes Market Overview:

Numerous industrial processes prefer enzymes because they accelerate chemical reactions while being selective and efficient and to some extent are environment-friendly. 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.

Europe Industrial Enzymes Market Segmentation:

• by Type

• by Application

• by source

If we go by Type

• Amylases

• Cellulases

• Proteases

• Lipases

• Phytases

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

On the basis of application the market is categorized into

• Food & beverages

• Cleaning agents

• Animal feed

on the basis of source, the market is segmented into

• microorganisms

• plant

• animal

Microorganism segment commanded the largest market share in 2016. The demand for microorganism 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.

Europe Industrial Enzymes Market geography Analysis:

By geography, the Europe Industrial Enzymes market has been categorized into

• UK

• Germany

• France

• Spain

• Italy 

Europe Industrial Enzymes Market Keyplayers;

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)