The global industrial enzymes market is expected to grow at a CAGR of 6.5% from 2022 to 2029 to reach USD 8,303.9 million by 2029 from an estimated USD 5,331.2 million in 2022. The steady growth of the high-intensity sweeteners market is mainly attributed to the growing environmental concerns and rising demand for bioethanol; increase in R&D activities and investments in the enzymes sector; advancements in enzyme engineering & green chemistry, the introduction of genetically engineered enzymes; and the need for cost reduction and resource optimization in production processes are driving the growth of this market. However, stringent regulations and restricted temperature & pH levels of enzymes are expected to restrain the growth of this market to some extent.
Here are the top 10 companies operating in the Industrial Enzymes Market
Novozymes A/S (Denmark)
Founded in 2000 and headquartered in Copenhagen, Denmark, Novozymes A/S is engaged in the R&D, manufacturing, and marketing of industrial enzymes, microorganisms, and biopharmaceutical ingredients. The company operates through five segments: Household Care, Food, Beverages, and Human Health, Agriculture, Animal Health and Nutrition, Grain &Tech Processing, and Bioenergy. The company provides enzymes through all its operating segments.
The company has a geographic presence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. As of December 2021, the company had a global headcount of 6,527 employees.
International Flavors & Fragrances Inc. (IFF) (U.S.)
Founded in 1958 and headquartered in New York (U.S.), IFF creates, manufactures, and supplies flavors, fragrances, and cosmetic actives in the food & beverage, personal care, and household products industries. The company operates through four business segments: Nourish, Scent, Health & Biosciences, and Pharma Solutions. IFF provides enzymes through its Health & Biosciences segment. The company offers its products through various applications, including food & beverage, home & personal care, and health & wellness. In February 2021, IFF merged with Nutrition & Biosciences, Inc. (N&B), a subsidiary of DuPont, to operate its nutrition & biosciences business. The shares issued in the merger represented approximately 55.4% of the common stock of IFF on a fully diluted basis.
With more than 110 manufacturing facilities, 100 R&D centers, and 33,000 customers worldwide, the company has its geographical presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. As of December 2021, the company had a headcount of 24,000 employees.
Koninklijke DSM N.V. (Netherlands)
Founded in 1902 and headquartered in Heerlen, Netherlands, Koninklijke DSM N.V. is engaged in the innovation, manufacturing, and marketing of nutritional & pharmaceutical ingredients and chemicals for animal feed, dietary supplements, food & beverages, personal care, pharmaceutical, automotive, electrical & electronic industries. The company mainly operates through four business segments: Nutrition, Material, Innovation, and Corporate Activities. It offers nutritional products, food specialties, hydrocolloids, engineering materials, protective materials, biomedical & bio-based products, and services. The company offers industrial enzymes for feed, food & beverages, and biogas applications through its Nutrition segment.
The company has a geographic presence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. As of December 2021, the company had a global headcount of 21,358 employees.
Founded in 1865 and headquartered in Ludwigshafen, Germany, BASF is engaged in innovation, manufacturing, and marketing of vitamins, chemicals, phytase, nutrition, and aroma ingredients. The company offers products for the chemical, automotive, pharmaceuticals, nutrition & care, agriculture, oil, plastics, electrical, electronics, furniture, and paper industries. The company operates through six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. The company provides enzymes through its Nutrition & Care segment.
With its subsidiaries and a strong distribution network in 90 countries, the company has a geographic presence across North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. As of December 2021, the company had a global headcount of 111, 047 employees
AB Enzymes GMBH (Germany)
Founded in 1907 and headquartered in Hessen, Germany, AB Enzymes GMBH is an industrial biotechnology company involved in the production and marketing of enzymes for various applications. The company offers enzymes for baking, flour milling, & pasta; pulp and paper; grain & oilseed processing; detergents; protein processing & modification; textiles; fruits, vegetables, juices & wines; and animal feed. The company operates as a subsidiary of Associated British Foods plc (U.K.).
The company has its geographical presence in the U.S., Europe, Asia-Pacific, and Africa. As of 2021, the company had a global headcount of 128,000 employees.
“Meticulous Research in its latest publication on Industrial Enzymes Market has predicted the growth of 6.5% during the forecast year 2022-2029”
Amano Enzyme Inc. (Japan)
Founded in 1899 and headquartered in Nagoya, Japan, Amano Enzyme Inc. is engaged in the manufacturing and marketing of enzymes. The company offers its products to various industries such as food, dietary supplements, biomedical, agricultural, cosmetic, and pharmaceuticals. The company also offers custom and specialty enzymes. The company has a geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Chr. Hansen Holding A/S (Denmark)
Founded in 1874 and headquartered in Hoersholm, Denmark. Chr. Hansen Holding A/S is a biosciences company involved in the development of natural ingredient solutions for food, nutraceuticals, pharmaceuticals, and agriculture industries. The company’s business is divided into Food Cultures & Enzymes; Plant Health; Animal Health; and Human Health & Probiotics. The company offers enzymes through Food Cultures & Enzymes segment.
With 14 production sites, three R&D centers, and more than 25 application centers, the company has a geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. As of August 2021, the company had a global headcount of 3700 employees.
F. Hoffmann-La Roche AG (Switzerland)
Founded in 1896 and headquartered in Basel, Switzerland, F. Hoffmann-La Roche AG is a biotech company that provides invitro diagnostics and transformative solutions across major disease areas. The company mainly operates through two segments: Pharmaceuticals and Diagnostics. The company offers products such as analyzers & reagents, enzymes, immunoassays interference blockers, nucleotides, and quality control test kits. It offers various products for pharmaceuticals & researchers and solutions for diagnostics.
The company has its geographical presence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. As of December 2021, the company had a global headcount of 100,920 employees.
Founded in 1961 and headquartered in Iowa, U.S., Kemin Industries, Inc. provides over 500 specialty ingredients for food, feed, health, nutrition, textiles, and commercial horticulture industries. The company offers its products through various segments, including animal nutrition & health, animal vaccines, aquaculture, biofuels, crop technologies, food technologies, hemp, human nutrition & health, pet food & rendering technologies, and textile auxiliaries. The company offers enzymes to poultry, animal feed, bioethanol, food, and aquaculture industries. With operations in 90 countries and services in more than 120 countries, the company has its presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Note: Kemin Industries, Inc. is a privately held company, and no financial information is available in the public domain. Hence, financial details are not added in this section.
Advanced Enzyme Technologies Ltd (India)
Founded in 1957 and headquartered in Thane, India, Advanced Enzyme Technologies Ltd. is engaged in R&D, manufacturing, and marketing of enzymes and probiotics for pharmaceuticals, nutraceuticals, animal healthcare, baking, agriculture, waste management, textile, leather, distilling, grain processing, and brewing industries. The company operates through three business segments: Human Nutrition, Animal Nutrition, and Industrial Bioprocessing.
The company has its geographical presence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. As of March 2021, the company had a global headcount of more than 750 employees.
Popular Mentions: Merck KGaA (Germany), Bluestar Adisseo Company (China), AEB Africa (Pty) Ltd (South Africa), Novus International, Inc. (U.S.), Biocatalysts Limited (U.K.), Enzyme Development Corporation (U.S.), BioResource International, Inc. (U.S.), Qingdao Vland Biotech INC. (China), Aum Enzymes (India), and Nature BioScience Pvt. L.T.D. (India) among others.
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Authoritative Research on the Industrial Enzymes Market – Global Opportunity Analysis and Industry Forecast (2022-2029)
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