Market Size –
The cellulase market size has grown strongly in recent years. It will grow from $1.95 billion in 2023 to $2.12 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to demand for the pharmaceutical industry, growth in the construction industry, increasing demand for biofuels, increasing demand for animal feed production, and rising production of wheat and other grains.
The cellulase market size is expected to see strong growth in the next few years. It will grow to $2.99 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to increasing demand for food and beverage processing, expansion of the paper industry, growing demand for high-value fabrics, increasing use of cellulase in winemaking, and growing demand for the textile industry. Major trends in the forecast period include advancements in genetic engineering, advances in industrial biotechnology, innovations in textile processing, integration with digital technologies, innovations in enzyme production technologies, advancements in biotechnology, and the development of eco-friendly products.
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Scope Of Cellulase Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Cellulase Market Overview
Market Drivers –
Increased demand for biofuels is expected to propel the growth of the cellulase market going forward. Biofuels are a type of renewable energy derived from organic materials, primarily plant biomass or animal waste. The demand for biofuels is rising due to the increasing need for sustainable and renewable energy sources to reduce carbon emissions and dependence on fossil fuels. Cellulase is used in biofuel production to enable the efficient conversion of abundant and renewable cellulosic biomass into valuable transportation fuels, contributing to the reduction of greenhouse gas emissions and dependence on fossil fuels. For instance, in 2021, according to the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, the global demand for biofuels is set to grow by 41 billion liters, or 28%, over 2021–2026 in the main case. Therefore, increased demand for biofuels is driving the growth of the cellulase market.
Market Trends –
Major companies operating in the cellulase market are focused on developing innovative products, such as high-efficiency cellulase enzymes, to enhance efficiency and sustainability. A high-efficiency cellulase enzyme is a potent biological catalyst that rapidly breaks down cellulose into simpler sugars, enhancing industrial processes in various sectors such as textiles, paper, and biofuels. For instance, in May 2024, Bionetix International, a Canada-based company that specializes in the development and production of natural biological products, launched ECL3000, the first in its new line of enzyme concentrates for manufacturers and formulators. ECL3000 is a high-efficiency cellulase enzyme produced by non-pathogenic fungi, targeting cellulose found in various everyday items like food, clothing, and paper. This enzyme offers benefits across industries such as textile, paper, biofuel, and animal feed processing.
The cellulase market covered in this report is segmented –
1) By Type: Endoglucanase (EG), Cellobiohydrolase (CBH), Beta-Glucosidase (BG)
2) By Source: Fungi, Bacteria, Actinomycetes, Plants, Animals
3) By End Use: Healthcare, Industrial, Food And Beverages, Textile, Pulp And Paper
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Regional Insights –
North America was the largest region in the cellulase market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cellulase market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the cellulase market are Archer Daniels Midland Company, BASF SE, Dow Inc., Merck KGaA, Brenntag SE, DuPont de Nemours Inc, Koninklijke DSM N.V., Kerry Group plc, Daicel Corporation, Lenzing AG, Novozymes BioAg Limited, Ashland Inc, Chr. Hansen Holding A/S, Borregaard, Kemin Industries Inc, Genencor International Inc, Amano Enzyme Inc, Codexis Inc, AB Enzymes GmbH, MP Biomedicals LLC, Biocatalysts Ltd, BIO-CAT, Worthington Biochemical Corporation, Dyadic International Inc.
Table of Contents
1. Executive Summary
2. Cellulase Market Report Structure
3. Cellulase Market Trends And Strategies
4. Cellulase Market – Macro Economic Scenario
5. Cellulase Market Size And Growth
…..
27. Cellulase Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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