enzymes market

Enzymes Market Share, Size, Trends, Industry Analysis Report, By Type (Protease, Carbohydrase, Polymerases and Nucleases, Lipase, Others); By Source (Microorganism, Plant, Animal); By Formulation; By Application; By Region; Segment Forecast, 2022 - 2030

  • Published Date: Jun 2022
  • Pages: 114
  • Format: PDF
  • Report ID: PM1059
  • Base Year: 2021
  • Historical Data: 2018 - 2020

Report Summary

The global enzymes market was valued at USD 11.19 billion in 2021 and is expected to grow at a CAGR of 6.6% during the forecast period. Increasing consumer consciousness regarding health has increased demand for beverage products and functional food, which is expected to activate the product demand shortly.

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The shift towards eco-friendly technologies for several motives involves enhancing product properties and product modifications. Therefore, technological development in the industry is regarded as one of the main factors reinforcing enzymes market growth across the globe.

The growing adoption of protein in food and animal feed, textiles and detergents, pharmaceuticals and biotechnology R&D, manufacturing industries, and agriculture is fuelling the growth of the enzymes market. In addition, a surge in the prevalence of various serious health diseases such as digestive diseases & inflammation coupled with an increase in demand for renewable energy sources such as biofuels is further expected to propel the expansion of the enzymes market.

The covid-19 crisis has had a positive influence on the enzymes market. It is attributed to the growth in demand for the industry in nutritional and immunity-enhancing products, escalation in consumer concentration on household care, and upheaval in food intake. But the firms are currently encountering hampering of sporadic supply chain activities and undetermined market conditions because of lockdowns and trade restrictions. This negative impact is expected to be reimbursed by the growth in demand for the substance in the pharmaceuticals and food and beverage industries.

Therefore, the comprehensive influence is anticipated to stay positive for significant market players in the industry because of the rise in the consciousness about preventive and dietary solutions and formulations that reinforce over the total pandemic phase.

Industry Dynamics

Growth Drivers
The development of the industry across the globe can be accredited to the growing demand for bakery products and brewing applications. They are utilized during the production of fruit juices to escalate juice production and enhance fruit quality. In the processing of wine, they are used to preserve the color, clarity, and organoleptic properties of wine. Soaring global population and continuing urbanization give way to development in the food and beverages sector covering the world, contributing to enzymes market development in the time to come. This factor is expected to drive the industry's growth.

The growing demand for swine and poultry feed plays a significant role in the global feed industry. This feed assists in enhancing the total health and wellbeing of swine and poultry animals. The animal feed industry consists of livestock nurtured through appropriate usage of nutrient-rich fodder. The evolution of the animal feed industry covering the world is anticipated to have a positive impact on the dynamics of the market in the course of the forecast period, thereby fuelling the demand.

The increasing usage of such products in therapies for cancer, cardiovascular diseases, and lysosomal disorders is anticipated to drive the demand for products during the forecast period. Pharmaceutical producers are moderately becoming aware of the merger of biocatalysts into the manufacturing process. The growing prevalence rate of cancer globally is one of the prominent factors reinforcing the growth of the market during the analysis period. Thus, these factors drive the industry's growth.

Report Segmentation

The market is primarily segmented on the basis of type, formulation, source, application, and region

By Type

By Formulation

By Source

By Application

By Region

  • Carbohydrases
  • Proteases
  • Lipases
  • Polymerases & Nucleases
  • Other types
  • Lyophilized
  • Liquid
  • Dry
  • Microorganism
  • Plant
  • Animal
  • Food & beverages
    • Bakery & Confectionery products
    • Dairy products
    • Beverages
    • Sugar
    • Meat processing products
    • Nutraceuticals
    • Other food & beverages
  • Detergents
    • Laundry detergents
    • Automatic dishwashing detergents
    • Other detergents
  • Feed
    • Ruminant Feed
    • Swine Feed
    • Poultry Feed
    • Aqua Feed
    • Other Feed
  • Bioethanol
  • Soil treatment
  • Paper & Pulp
  • Textiles & Leather
  • Wastewater treatment
  • Oil treatment
  • Other applications
  • North America (U.S., Canada & Mexico)
  • Europe (France, Germany, UK, Italy, Spain, Netherlands, Russia)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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Insight By Type

Depending on the type, carbohydrases led the market because carbohydrase enzymes are used in several end-use industries involving animal feed, pharmaceuticals, and food and beverages. Carbohydrases are utilized mainly as a catalyst for the transformation of carbohydrases in sugar syrup involving fructose and glucose, which is further used in food and beverage and pharmaceutical industries. The usage in these industries has propelled the demand for the enzymes market.

Protease, another significant product, is prominently utilized in protein breakdown, catalytic hydrolysis of protein peptides, and applications such as pharmaceuticals, food, detergents, chemicals, food, and photography. Serine, threonine, cysteine, aspartate, papain, glutamic acid, and metalloproteases are the commonly found proteases.

Growing consciousness about reducing nutrition levels among consumers has escalated global protein consumption, which is anticipated to surge the demand for proteases in the food industry over the forecast period. Further, the development of the pharmaceutical, detergent, and chemical end-use industries in surfacing economies such as India, China, and Brazil is anticipated to promote the segment growth over the forecast period.

Geographic Overview

North America led the market and accounted for a massive global revenue share. The region is anticipated to sustain its lead over the forecast period. North America is a leading regional market because of the stronghold of many end-use industries, such as food and beverage, laundry detergent, pharmaceuticals, personal care, cosmetics, and excessive scope for R&D activities in major countries of the region.

Europe has surfaced as the second-largest consumer as it is one of the prominent producers of pharmaceutical, medicinal and cosmetic products. Therefore, there is a surge in demand for enzymes. The increasing population and speedily advancing textile industry in the region are anticipated to propel the demand for enzymes in textile processing. Additionally, Europe is the focal point for manufacturing rail coaches, automobiles, and aerospace equipment and aircraft. Therefore, the manufacturing sector in the region is anticipated to observe sizeable growth in the future, thereby restoring the product demand in wastewater treatment over the forecast period.

Competitive Insight

Some of the major players operating in the global market include AB Enzymes, Advanced Enzymes Technology Ltd., Associated British Foods PLC, BASF SE, BBI Enzymes Ltd., CHR Hansen Holding A/S, Danisco A/S, DuPont, Novozymes A/S, Novus International Inc., Roche Holding AG, Sanofi S.A. amongst others.

Recent Developments

In April 2021, BASF entered an agreement with Sandoz GmbH, a subsidiary of Novartis, to invest at the Kundl/Schaftena Campus in Austria. This agreement enables BASF to further develop its production footprint for enzymes and biotechnology products.

Enzymes Market Report Scope

Report Attributes

Details

Market size value in 2021

USD 11.19 Billion

Revenue forecast in 2030

USD 19.71 Billion

CAGR

6.6% from 2022 - 2030

Base year

2021

Historical data

2018 - 2020

Forecast period

2022 - 2030

Quantitative units

Revenue in USD Billion and CAGR from 2022 to 2030

Segments covered

By Type, By Formulation, By Source, By Application, and By Region

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Key companies

AB Enzymes, Advanced Enzymes Technology Ltd., Associated British Foods PLC, BASF SE, BBI Enzymes Ltd., CHR Hansen Holding A/S, Danisco A/S, DuPont, Novozymes A/S, Novus International Inc., Roche Holding AG, Sanofi S.A.

 

Key Take-Away
Polaris Market Research
Enzymes Market Size Global Report, 2022 - 2030