The industrial enzymes market is experiencing positive growth, especially in the Asia-Pacific region. This region accounted for the largest share in 2016, in terms of value. Increase in demand for consumer goods and growth in the production of biofuels has resulted in manufacturers investing in research & development (R&D) activities for developing new products. The industrial enzymes market was valued at USD 4.61 billion in 2016 and is projected to grow at a CAGR of 5.8% from 2017, to reach USD 6.30 billion by 2022.

The industrial enzymes market caters to different industries such as food, feed, and cleaning agents; it also has its applications of biofuels. The type, quality and blend of industrial enzymes used to define the quality of the products. Industrial enzymes are used in the food industry for various applications such as dairy, baked goods, beverages, and processed foods. They play a significant role in meeting the desired attributes, such as taste, texture, mouthfeel, and form of the final products.

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The industrial enzymes market by type has been segmented into amylases, cellulases, proteases, lipases, phytases, and others. The cellulases oil segment is projected to grow at the highest CAGR from 2017 to 2022. Cellulases are one of most widely used enzymes for bio-fuel. Proteases, the largest enzyme category finds vast applications in the cleaning agents, dairy, and leather industries.

The industrial enzymes market has been segmented on the basis of source into micro-organisms, plant and animal. The micro-organism form segment is projected to grow at the highest CAGR during the forecast period. Bacteria and fungi are the microorganisms best suited to the specialty production of enzymes. They are easy to handle, can be grown in huge tanks without light, and have a very high growth rate. A large number of microorganisms have the capability to produce the perfect enzyme.

Key players identified in the industrial enzymes market include BASF SE (Germany), E.I. DuPont de Nemours and Company (U.S.), Associated British Foods Plc (U.K.), Koninklijke DSM N.V (Netherlands), and Novozymes A/S (Denmark). Other players include Dyadic International Incorporated (U.S.), Advanced Enzyme Technologies Ltd (India), Adisseo (China), Chr. Hansen Holding A/S (Denmark), and Amano enzyme (Japan).