Enzymes Market

Enzymes Market witnessed USD 12,158 Million in 2022, and is expected to touch USD 21,047 Million in 2030, growing at a robust CAGR of 7.1% during forecast period.

Enzymes Market Overview

An enzyme is a biological catalyst and mostly proteinaceous. It accelerates the rate of a specific chemical reaction in the cell. The enzymes is used over and over again; and is never destroyed during the reaction. A cell contains thousands of different types of enzymes molecules, each specific to a particular chemical reaction.

To have an edge over the competition by knowing the market dynamics and current trends of “Enzymes Market”, request for Sample Report here

Major Enzymes Market Drivers

The factors driving the global Enzymes market include increasing demand from end-use sectors like food and beverage, biofuel, animal feed, and home cleaning. Rising health awareness among people has resulted in the growing consumption of functional food products, thereby propelling the product demand in the upcoming years. Furthermore, the growing demand for high-quality food products along with natural taste and flavor has contributed to the growth of the enzymes market in the past decade. These food enzymes function as catalysts in breaking down nutrients and vitamins of complex compounds into smaller compounds. Rising awareness concerning the application of enzymes in protein engineering technology and high opportunities in untapped developing economies are projected to stimulate market growth.

Protein engineering is one of the latest avenues for research and development applications. This area comprises the invention and production of newer types of enzymes to catalyze reactions that do not occur naturally. The industry is predicted to witness increased demand due to its diverse applications, including food processing, pre-digestion of baby foods, germination in breweries, clarification of fruit juice, manufacturing of cheese, meat tenderization, and conversion of starch into glucose. They are also witnessing increased demand in paper processing, biofuels, contact lens cleaners, processing of rubber, biological detergents, and molecular biology. Growing consumer awareness regarding improved food quality, population explosion, and significant consumption of dietary requirements are essential factors contributing to the enzymes market growth.

Restraint in the Enzymes Market

However, enzymes handling and security problems involving high enzymes sensitivity to temperature and pH are major restraining factors hindering the enzymes market growth.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Source – Segment Analysis

Based on the Source, the Microorganism segment is expected to grow at a higher CAGR during the forecast period. This can be attributed to their large-scale production, the emergence of genetically engineered microorganisms, and vast applications. They are the major source of enzymes owing to their easy availability and low production cost. However, the purification of microorganism-derived enzymes is troublesome as compared to plant enzymes. The use of highly advanced approaches for the purification of microbial enzymes increases the total enzymes production expenses. Hence, enzymes derived from microorganisms are costlier as compared to enzymes derived from plant sources.

Type – Segment Analysis

Based on the Type, the carbohydrases segment is expected to grow at a higher CAGR during the forecast period. This is attributed to the fact that it is the most prominent type of enzymes used in the pharmaceutical and food industries. Therefore, commercial applications of carbohydrase in food products and detergents are expected to fuel the growth of the segment. Moreover, an increasing number of clinical trials for evaluating the efficacy of carbohydrate-based products for several health conditions and the growing prevalence of metabolic syndromes all over the globe are other vital factors encouraging the usage of these products. For instance, in 2020, according to Centres for Disease Control and Prevention, the prevalence of metabolic syndrome has risen to 37% among the population in the U.S.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Free Customization here

Regional – Segment Analysis:

Based on the region, the North-America region is projected to dominate the market during the forecast period. The high growth in this region is due to the proximity of several end-use verticals along with the high scope for research and development initiatives in the major countries of the region. For instance, AB Enzymes, an industrial biotech company, constantly strives to develop new and improved enzymes and proprietary technologies in order to maintain a competitive edge in innovative and high-quality products. The U.S. government has imposed several initiatives to encourage the production of biofuels, including biodiesel, cellulosic biofuels, and advanced biofuels. In 2005, the government had established the Renewable Fuel Standards (RFS1 and RFS 2) program, which focuses on minimizing greenhouse emissions and promoting the use of alternative fuel. These government initiatives, coupled with the growing production of biofuels in the U.S., are expected to propel the expansion of enzymes market size over the forecast period.

Top Market Players

Various notable players operating in the market include BASF SE, DuPont, Associated British Foods plc, Novozymes, DSM, Dyadic International Inc., Advanced Enzymes Technologies, Aumgene Biosciences, Chr. Hansen Holding A/S, Amano Enzymes Inc., among others. 

Key Developments:

• • In 2021, Advanced Enzymes Technologies acquired 51% of the paid-up share capital of SciTech Specialities Private Limited (SSPL). The acquisition will help Advanced Enzymes Technologies to capitalize on synergies with SSPL and expand its business-to-consumer segments.

Segments covered in the Report:

The global Enzymes market has been segmented on the basis of Product Type, Source, Type, Application and regions. Based on Product Type, the market is segmented into Industrial enzymes and Specialty enzymes. Based on Source, the market is segmented into Microorganisms, Plant and Animal. Based on Type, the market is segmented into Carbohydrases, Proteases, Lipases, Polymerases and Nucleases; and Others. The Carbohydrases segment is further categorized into Amylases, Cellulases and Others. Based on Application the market is segmented into Food & Beverages, Bioethanol, Textile & Leather, Detergents, Paper & Pulp, Wastewater Treatment, Feed and Others. The Food & Beverages segment is further segmented into Meat Processing, Dairy Products, Beverages, Bakery & Confectionery Products, Neutraceuticals and Others. The Detergents segment is further categorized into Laundry Detergents, Automatic Dishwashing Detergents and Others. The Feed segment is further categorized into Ruminant Feed, Swine Feed, Poultry Feed, Aqua Feed and Others. 

For detailed scope of the “Enzymes Market” report request a Sample Copy of the report

Market Segmentation

Global Enzymes Market by Product Type

• • Industrial enzymes
  • Specialty enzymes

Global Enzymes Market by Source

• • Microorganisms
  • Plant
  • Animal

Global Enzymes Market by Type

• • Carbohydrases
    • Amylases
    • Cellulases
    • Others
  • Proteases
  • Lipases
  • Polymerases
  • Nucleases
  • Others

Global Enzymes Market by Application

• • Food & Beverages
    • Meat Processing
    • Dairy Products
    • Beverages
    • Bakery & Confectionery Products
    • Neutraceuticals
    • Others
  • Bioethanol
  • Textile & Leather
  • Detergents
    • Laundry Detergents
    • Automatic Dishwashing Detergents
    • Others
  • Paper & Pulp
  • Wastewater Treatment
  • Feed
    • Ruminant Feed
    • Swine Feed
    • Poultry Feed
    • Aqua Feed
    • Others
  • Others

Global Enzymes Market by Region

• • North America Enzymes Market (Option 1: As a part of the free 25% customization)

    • By Product Type
    • By Source
    • By Type
    • By Application
    • US Market All-Up
    • Canada Market All-Up

  • Europe Enzymes Market (Option 2: As a part of the free 25% customization)

    • By Product Type
    • By Source
    • By Type
    • By Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Enzymes Market (Option 3: As a part of the free 25% customization)

    • By Product Type
    • By Source
    • By Type
    • By Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Enzymes Market (Option 4: As a part of the free 25% customization)

    • By Product Type
    • By Source
    • By Type
    • By Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Enzymes (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • BASF SE
  • DuPont
  • Associated British Foods plc
  • Novozymes
  • DSM
  • Dyadic International Inc.
  • Advanced Enzymes Technologies
  • Aumgene Biosciences
  • Hansen Holding A/S
  • Amano Enzymes Inc.