China Industrial Enzymes Market

China Industrial Enzymes Market Overview:

The China industrial enzymes market is projected to exhibit a growth rate (CAGR) of 6.10% during 2024-2032. The extensive demand in biopharmaceutical and food & beverage sectors, awareness among the industrial sectors for the green processes and practices to produce industrial enzymes, and technological advancements represent some of the key factors driving the growth of the market.

China Industrial Enzymes Market Trends:

Extensive Demand in Biopharmaceutical and Food & Beverage Sectors

The increasing usage of industrial enzymes in biopharmaceutical and food & beverage sectors is mainly driving the market growth in China . China's food sector, which encompasses, among other things, dairy, ingredients, beverages, and drinks, as well as processing and production, returned to positive growth in the first quarter of 2021. Revenue surged 26% year-on-year to 2.11 trillion yuan ($330 billion), yielding a profit of 162 billion yuan, up 41% year-on-year. Thus, enzymes have great importance in the processes of biopharmaceuticals’ development and production to improve the effectiveness and selectivity of chemical reactions. The growing awareness of health and the inclination towards a healthy lifestyle have contributed to the increased use of enzymes in daily consumption. Additionally, there is a rising awareness within industrial sectors about green processes and practices for producing industrial enzymes, which is also playing a significant role in market growth. For instance, in December 2021, China released a plan for the green development of its industrial sectors during the 14th Five-Year Plan period (2021-2025), a step forward in the country's pursuit of low-carbon growth. By 2025, significant progress will have been made in the green and low-carbon transformation of China's industrial structure and production, with technologies and equipment for green development widely applied, according to the plan issued by the Ministry of Industry and Information Technology (MIIT).

Technological Advancements

Some of the key drivers of this market include technological development and higher focus on R&D for industrial enzymes in China. National Engineering Laboratory for Industrial Enzymes was jointly established by Institute of Microbiology, Tianjin Institute of Industrial Biotechnology, Shanghai Institutes for Biological Sciences, Jiangnan University, Jilin University, Biotechnology Research Institute CAAS, Tsinghua University and Tianjin University of Science and Technology. The laboratory focuses on the fundamental and applied research on industrial enzymes with a mission of promoting the advances in the technologies for the discovery, production and applications of industrial enzymes, and facilitating the sustainable development of various industries such as chemical, pharmaceutical, textile, paper, food, animal feeds and energy in China. Advances in enzyme engineering and the methods of enzyme production have rendered better enzyme solution at cheaper prices. Due to the modern techniques like recombinant DNA and protein engineering enzymes can be designed and produced with higher catalytic activity, stability, and selectivity. In addition, large quantities of funds being channelled towards research and development by leading companies and research bodies are being used to unlock new enthralling applications of enzymes and to optimize on already known ones. Besides enhancing productivity and proficiency of the industrial processes, these aids also enrich the applicability of enzyme in various fields, hence fuelling the market growth.

China Industrial Enzymes Market News:

• In March 2024, Novonesis, the new company following the merger between Chr. Hansen and Novozymes on January 29, 2024, announced the passing of the biosafety review by MARA of its GMM dossiers for the two HMOs, 3 '- SL and 6' - SL.
• In May 2024, DuPont announced a plan to separate into three distinct publicly traded companies. Under the plan, DuPont would execute the proposed separations of its Electronics and Water businesses in a tax-free manner to its shareholders with New DuPont continuing as a premier diversified industrial company following completion of the separations.

China Industrial Enzymes Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on product, source, and application.

Product Insights:

• Carbohydrases
  • Amylases
  • Cellulase
  • Others
• Proteases
• Lipases
• Polymerases and Nucleases
• Others
   

The report has provided a detailed breakup and analysis of the market based on the product. This includes carbohydrases (amylases, cellulase, and others), proteases, lipases, polymerases and nucleases, and others.

Source Insights:

• Plants
• Animals
• Microorganisms
   

A detailed breakup and analysis of the market based on the source have also been provided in the report. This includes plants, animals, and microorganisms.

Application Insights:

• Food and Beverages
• Detergents
• Animal Feed
• Biofuels
• Textiles
• Pulp and Paper
• Nutraceuticals
• Personal Care and Cosmetics
• Wastewater Treatment
• Others
   

The report has provided a detailed breakup and analysis of the market based on the application. This includes food and beverages, detergents, animal feed, biofuels, textiles, pulp and paper, nutraceuticals, personal care and cosmetics, wastewater treatment, and others.

Regional Insights:

• North China
• East China
• South Central China
• Southwest China
• Northwest China
• Northeast China
   

The report has also provided a comprehensive analysis of all the major regional markets, which include North China, East China, South Central China, Southwest China, Northwest China, and Northeast China.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

China Industrial Enzymes Market Report Coverage:

Key Questions Answered in this Report:

• How has the China industrial enzymes market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the China industrial enzymes market?
• What is the breakup of the China industrial enzymes market on the basis of product?
• What is the breakup of the China industrial enzymes market on the basis of source?
• What is the breakup of the China industrial enzymes market on the basis of application?
• What are the various stages in the value chain of the China industrial enzymes market? 
• What are the key driving factors and challenges in the China industrial enzymes?
• What is the structure of the China industrial enzymes market and who are the key players?
• What is the degree of competition in the China industrial enzymes market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the China industrial enzymes market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the China industrial enzymes market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the China industrial enzymes industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.