by The global Enzymatic Cleaner Market is estimated to be valued at US$ 1.71 Bn or Mn in 2023 and is expected to exhibit a CAGR of 6.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Enzymatic cleaners are products that use enzymes to break down various types of dirt and stains. They contain specialized proteins called enzymes that act as natural catalysts to breakdown organic debris. Common enzymes found in enzymatic cleaners are protease, amylase and lipase. They can clean items as diverse as laundry, dishes, hard surfaces and bathrooms in an effective yet gentle way without harming surfaces or the environment. Enzymatic cleaners are increasingly being preferred by consumers and businesses as they offer a greener and more sustainable alternative to conventional harsh chemical-based cleaners.
Market key trends:
One of the major trends driving the enzymatic cleaner market is the rising consumer awareness about environmental protection and sustainability. There is a growing demand for eco-friendly cleaning products that have lesser toxic impact on the planet. Enzymatic cleaners are considered more environmentally responsible as they work naturally at low temperatures to biodegrade organic stains without the need for toxic chemical additives or excessive heat. The option of using natural ingredients gives enzymatic cleaners a distinctive marketing advantage. Furthermore, the COVID-19 pandemic has accelerated the need for safer and natural cleaning solutions for disinfection in both commercial and household settings, thus propelling the sales of enzymatic cleaners globally.
Porter’s Analysis
Threat of new entrants: Low capital requirements and technological expertise pose low threat of new entrants in the enzyme cleaner market.
Bargaining power of buyers: Large consumer base leads to high bargaining power of buyers.They can negotiate on price of enzyme cleaners.
Bargaining power of suppliers: Leading suppliers of enzymes like Novozymes have strong bargaining power over manufacturers.
Threat of new substitutes: Natural and organic cleaners pose threat of substitution to enzymatic cleaners.
Competitive rivalry: Intense competition exists between leading brands on the basis of product features, pricing and marketing.
Key Takeaways
The Global Enzymatic Cleaner Market Size is expected to witness high growth, exhibiting CAGR of 6.8% over the forecast period, due to increasing consumer awareness about safer alternatives to harsh chemicals. The market size for 2023 is estimated to reach US$ 1.71 Bn.
Regional analysis
North America dominates the global enzymatic cleaners market owing to wide acceptance of green cleaning products. Asia Pacific is expected to exhibit fastest growth in the forthcoming years led by rising population, growing economy and increasing health awareness in countries like India and China.
Key players
Key players operating in the enzymatic cleaner market are Ecolab Inc., Novozymes A/S, Reckitt Benckiser Group PLC, Church & Dwight Co., Inc., The Clorox Company, Kikkoman Corporation, Spartan Chemical Company, Inc., Diversey, Inc., Johnson & Johnson, Danaher Corporation, Henkel AG & Co. KGaA, Procter & Gamble Co., DuPont de Nemours, Inc., Colgate-Palmolive Company, and Biokleen. Novozymes holds a leading share in enzyme manufacturing.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
