Enzymes Market Prediction USD 22,264.80 Million By 2032 CAGR 6.6%

The global enzymes market size is expected to reach USD 22,264.80 Million by 2032, according to a new study by Polaris Market Research. The report “Enzymes Market Share, Size, Trends, Industry Analysis Report, By Formulation (Liquid, Dry); By Type; By Application; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The growing demand for animal feed across the world is a significant driving factor fueling the expansion of the enzyme market. The increasing global population and rising disposable incomes have led to a surge in the consumption of meat and dairy products, consequently driving the demand for animal feed. Enzymes play a crucial role in animal nutrition by enhancing the digestibility of feed, improving nutrient absorption, and promoting overall animal health, leading to improved feed conversion rates and, ultimately, higher yields of meat, milk, and eggs.

Furthermore, the increasing awareness about the environmental impact of traditional farming practices is also propelling the adoption of enzyme-based solutions in animal feed. Enzymes enable the formulation of feed with a reduced environmental footprint, as they enhance the digestibility of nutrients, resulting in lower excretion of undigested materials such as phosphorus and nitrogen. For instance, In December 2021, BASF introduced Natupulse TS, a new mannanase enzyme for animal feed, enhancing nutrient digestion and promoting sustainable production by breaking down NSPs like ß-mannans. When combined with other BASF enzymes like Natuphos E and Natugrain TS, it shows additional positive effects on nutrient digestibility, supporting efficient and sustainable animal protein production.

Do you have any questions? Would you like to request a sample or make an inquiry before purchasing this report? Simply click the link below:https://www.polarismarketresearch.com/industry-analysis/enzymes-market/request-for-sample

The focus on improving feed efficiency and reducing the environmental impact of animal agriculture is driving the adoption of feed enzymes. Enzyme supplements are being recognized as an effective means to promote the general health and wellbeing of farmed animals, leading to increased demand for feed enzymes in the livestock industry. The provision of feed cost-efficiency also supports market growth, as enzymes contribute to better utilization of feed resources and improved animal performance, aligning with the evolving needs of the livestock industry and consumer preferences for sustainable and environmentally friendly practices.

Enzymes Market Report Highlights

• On the basis of type, the carbohydrases segment dominated the global enzymes market size in 2023. The key factors attributed to the application of carbohydrates in the various industry are its consistency, accuracy, and productivity.
• Based on application, food & beverages segment accounted for the major share in the market and is expected to grow at a fastest rate over the forecast period. Enzymes are widely used in sugar processing, beverages, meat processing products, and other food & beverages such as brewing and oil/fats preparation.
• The enzymes market in North America experienced significant growth in 2023. The significance of the feed enzymes is growing in North America as these enzymes play a crucial role in enhancing energy and nutrient absorption in animals from their feeds.
• The global key market players include BASF SE, DuPont, AB Enzymes, Advanced Enzyme Technologies, BBI Solutions, Novozymes AS, Novus International, Inc., F. Hoffmann-La Roche Ltd, DSM-Firmenich AG, Kerry Group plc.

Polaris Market Research has segmented the Enzymes Market report based on type, formulation, application, and region:

Enzymes, Type Outlook (Revenue - USD Million, 2019 - 2032)

• Carbohydrases
• Proteases
• Lipases
• Polymerases & Nucleases
• Other

Enzymes, Formulation Outlook (Revenue - USD Million, 2019 - 2032)

• Liquid
• Dry

Enzymes, Application Outlook (Revenue - USD Million, 2019 - 2032)

• Food & Beverages
• Detergent
• Feed
• Bioethanol
• Soil Treatment
• Paper & Pulp
• Textiles & Leather
• Wastewater Treatment
• Oil Treatment
• Others

Enzymes, Regional Outlook (Revenue - USD Million, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands
• Rest of Europe

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia
• Australia
• Rest of APAC

• Latin America

• Argentina
• Brazil
• Mexico
• Rest of Latin America

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa
• Rest of MEA

Enzymes Market Report Scope