Key Findings of the Global Industrial Enzymes Market | Technavio

LONDON–(BUSINESS WIRE)–#BioChemicals–The latest market research report by Technavio
on the global
industrial enzymes market predicts a CAGR of close to 6%
during the period 2018-2022.

The report segments the global
industrial enzymes market by application (food and beverage,
nutraceutical, animal feed, detergents, and personal care and cosmetics)
and by geography (APAC, North America, Europe, and ROW). It provides a
detailed illustration of the major factors influencing the market,
including drivers, opportunities, trends, and industry-specific
challenges.

Here are some key findings of the global industrial enzymes market,
according to Technavio chemicals
and materials researchers:

• Increasing demand for food enzymes: a major market driver
• Recent advances in enzyme technology: emerging market trend
• APAC dominated the global industrial enzymes market with 34% share in
  2016

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Increasing demand for food enzymes: a major market driver

Food enzymes are extracted from micro-organisms using advanced
technologies and impart anti-stale, digestive, and softening properties
to food products. This increases the shelf-life of food products.
Different enzymes are used for different products. For example, meat
products, bakery, dairy, and frozen food products; oils and fats;
confectioneries use enzymes such as protease, lipase, and carbohydrase.
This keeps the nutritional content intact due to the complexities of the
global food supply chain.

Food security and safety is increasing the demand for processed and
packaged food products where enzymes play a vital role in preserving the
products. Food enzymes have health and nutritional benefits, which is
another reason for the increasing awareness among consumers. This
resulted in the increasing adoption of food enzymes across numerous food
applications including frozen food manufacturing industries and packaged
food units.

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Recent advances in enzyme technology: emerging market trend

The industrial enzymes market can offer improved and cost-effective
products owing to the significant progress in genetics and process
technology. Genetic engineering enables the selection of host organisms
and safe cultivation conditions. It involves the extensive use of
enzymes with improved stability, specificity, and productivity, and
through fermentation allows the production of naturally occurring
enzymes in other organisms, in abundance.

According to a senior analyst at Technavio for research on bio-chemicals
and bio-materials, “Enzymes originating from animals or
plants can be produced independent of the supply of animal and plant
tissues. For instance, Chymosin which is an active protease in calf
rennin is produced with the help of enzymes that are found in minute
concentrations in exotic microorganisms, which are often difficult to
grow. However, they can also be produced by selecting a host
microorganism which is easy to cultivate on inexpensive raw materials
and producing a broth to ease the purification of enzymes.”

Global market opportunities

In terms of regional dominance, the APAC led the global
industrial enzymes market, followed by North America, Europe,
and ROW in 2017. Countries such as China and India are the leading
contributors, owing to their population, towards the demand for food and
beverages in APAC. Factors such as the growth of the gross domestic
product (GDP) and increasing disposable income of people in the emerging
economies of APAC, is driving the demand for industrial enzymes. This
will propel APAC to become the fastest growing geographical segment
during the forecast period.

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