Enzymes Market Analysis By Product Type(Industrial Enzymes, Specialty Enzymes), By Type(Carbohydrases, Proteases, Polymerases & Nucleases, Lipases, Phytases), By Source(Microorganisms, Plants, Animals), By Reaction Type(Hydrolase, Oxidoreductase, Transferase, Lyase), By Industrial Application(Food & Beverages Processing, Bioethanol, Textiles & Leather, Detergents, Paper & Pulp, Wastewater Treatment, Feed), By Specialty Application(Pharmaceuticals, Research & Biotechnology, Diagnostics, Biocatalysts) & Forecast 2024-2035
- PUBLISHED ON
- 10/11/2022
- NO OF PAGES
- 214
- CATEGORY
- Chemicals & Materials
The global enzymes market size was reached at USD 12.76 billion in 2022 and it is projected to surpass around USD 20.7 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.57% during the forecast period 2022 to 2030.
Enzymes are biological catalysts that increase the speed of chemical reactions. Enzymes are functional foods that are in great demand due to increase in the health awareness among consumers. Enzymes play an important role in controlling or accelerating reactions and thus offer many advantages over traditional chemical processes in terms of process efficiency and sustainability. Therefore, enzymes are becoming more and more popular in industrial applications. Enzyme catalysis has been scaled up into various commercial processes such as food and beverages, textiles, detergents, paper and pulp, waste management, leather processing, biofuels, pharmaceuticals and biotechnology, and agriculture. The demand for enzymes will increase in all industries due to their highly efficient biocatalysis, product selectivity and reduced physiological and Eco toxicity. In addition, significant cost savings have been achieved by reducing the energy (temperature) used and shortening the overall manufacturing process time.
The global enzyme market is expected to grow due to the high demand for enzymes in industries such as food and dairy, personal and household care products, animal feed, textiles and pharmaceuticals. The varied application of enzymes in multiple sectors is boosting the growth of the enzymes market. Enzymes are used in various industrial applications such as food & beverages, bioethanol, detergents, textiles & leather, paper & pulp, wastewater treatment, feed, others (which include starch processing, cosmetics & personal care products, and oilfield & fine chemicals). Enzymes are also used in various specialty applications such as pharmaceuticals, research & biotechnology, diagnostics, and biocatalysts. The use of enzymes in paper & pulp is growing at a higher rate, owing to its functional benefits, and manufacturers are more inclined toward a reduction in usage of chlorine. Furthermore, the enzymatic treatment opens up the pulp matrix allowing better penetration of the bleaching chemicals and better extraction as enzymes are the best alternative to conventional, environmental-polluting chlorine and chlorine-based bleaching. The hemicellulase and lignolytic enzymes are the prominent enzymes used in the paper and pulp industry. Enzymes are also considered to be biodegradable and environment- friendly in nature, owing to which it is used in the wastewater treatment industry.
The depletion of non-renewable resources has increased the need and importance of producing biofuels with negligible environmental impact. In countries with excess agricultural capacity, ethanol produced from biomass can be used as a substitute, extender or octane booster for conventional motor fuels such as gasoline, diesel and kerosene. The increasing demand for biofuels has increased the use of enzymes such as amylases, lipases, cellulases and proteases used in biofuel production. Amylase enzymes are expected to make an important contribution to the biofuel enzyme market due to their ability to sustain over a wide range of temperatures and pH values. Asia-Pacific countries have introduced biofuel policies to promote the growth of enzymes in biofuel applications. For example, India introduced a biofuels policy in 2018, aiming to mix 20% ethanol and 5% biodiesel in the country by 2030.
Product Type Insights
The enzyme market is divided by product type into industrial enzymes and specialty enzymes. The industrial enzyme segment is expected to grow steadily during the forecast period. In 2022, the market share of the industrial enzymes segment was around 57%. The demand for industrial enzyme is driven by increasing product use from end-use industries such as biofuels, household cleaning, pet feed, food and beverages. Also, the demand for industrial enzyme is expected to be driven by increasing demand for carbohydrases and proteases in food and beverage applications, especially in the expanding Asia-Pacific economies such as China, India, and Japan. In addition, increased industrialization and improvements in the nutraceutical sector can be attributed to growth in developed countries. Such factors have significantly increased the demand for the product.
Type Insights
Depending on type, the carbohydrase segment is expected to dominate the market in the coming years, accounting for 47% of sales in 2022. The carbohydrase segment is expected to capture the largest market share by 2030 as carbohydrates are used in various applications such as industrial processes and products, especially in the food and beverage industry. By using carbohydrase, various types of sugar syrups (glucose, fructose and invert syrup), prebiotics (galactooligosaccharides and fructooligosaccharides) and isomaltulose can be added to juices and wines. Thus, carbohydrase help to replaced sweeteners such as sucrose to improve organoleptic properties and also reduces lactose in milk.
Application Insights
The food and beverage segment is expected to account for the largest share during the forecast period. Consumers in developed regions such as North America and Europe are demanding high quality food and beverages with natural ingredients due to their growing health consciousness. This encourages market players to launch effective products to serve consumers. Additionally, the use of enzymes in the processing of packaged juices helps juice makers by maximizing the amount of juice removed from the fruit, thereby reducing waste and controlling costs. The growing demand in the soft drink segment has increased the application of enzymes in food & beverage.
Regional Insights
The North American market for enzymes is driven by its wide range of industrial applications. Technological advances have made enzymes available for a wide range of applications, including food and beverages, detergents, textiles, paper and pulp, and animal feed. The rise in obesity in the region has led to more health-conscious consumers and increased demand for natural, clean ingredients in food applications. As large companies produce new products in the market, food manufacturers are adopting new enzyme technologies for food and beverage applications to meet consumer needs. For example, in December 2020, DuPont Nutrition & Biosciences announced launched Versilk. Versilk is a clean label native enzyme designed to optimize the texture and flavor of yogurt, dairy and other fermented beverages.
Key Companies Insights
The global enzyme market is consolidated, with a small number of large companies holding a large share. Most companies invest heavily in research and development, mainly to develop environmentally friendly products. Product portfolio expansion and mergers and acquisitions are key strategies of major players. Players are profiled in the enzyme market based on various parameters such as company profile, financial overview, business strategy, product portfolio, business segments and recent developments. Some of the key players operating in the global enzymes market include:
· Novozymes
· BASF
· DuPont
· Associated British Foods
· DSM
· Dyadic International
· Advanced Enzymes Technologies
· Aumgene Biosciences
· Chr. Hansen
· Amano Enzymes
· Roche Holding
· Codexis
· Sanofi
· Merck
· Enzyme Supplies
· Creative Enzymes
· Enzyme Solutions
· Enzymatic Deinking Technologies
· Biocatalysts
· Other Players
Segments
By Product Type
· Industrial Enzymes
· Specialty Enzymes
By Type
· Carbohydrases
· Proteases
· Polymerases & Nucleases
· Lipases
· Phytases
· Others
By Source
· Microorganisms
· Plants
· Animals
By Reaction Type
· Hydrolase
· Oxidoreductase
· Transferase
· Lyase
· Others
By Industrial Application
· Food & Beverages Processing
o Dairy Products
o Bakery Products
o Others
· Bioethanol
· Textiles & Leather
· Detergents
· Paper & Pulp
· Wastewater Treatment
· Feed
· Others
By Specialty Application
· Pharmaceuticals
· Research & Biotechnology
· Diagnostics
· Biocatalysts
Global Enzymes Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Enzymes market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Global Enzymes Market: Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of various marketspaces. The key players in the markets are identified through secondary research, and their market contributions in different applications across regions and globally were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Analytics Market Research added before being presented in this report.
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Historic Year: 2016-2022
Forecast: 2024-2035
1 Enzymes Market Definition and Overview
1.1 Objectives of the Study
1.2 Overview of Enzymes
1.3 Enzymes Market Scope and Market Size Estimation
1.4 Market Segmentation
1.4.1 Types of Enzymes
1.4.2 Applications of Enzymes
1.5 Market Exchange Rate
2 Research Method and Logic
2.1 Methodology
2.2 Research Data Source
3 Market Competition Analysis
3.1 Danisco Market Performance Analysis
3.1.1 Danisco Basic Information
3.1.2 Product and Service Analysis
3.1.3 Strategies for Company to Deal with the Impact of COVID-19
3.1.4 Danisco Sales, Value, Price, Gross Margin 2016-2021
3.2 Lesaffre Group Market Performance Analysis
3.2.1 Lesaffre Group Basic Information
3.2.2 Product and Service Analysis
3.2.3 Strategies for Company to Deal with the Impact of COVID-19
3.2.4 Lesaffre Group Sales, Value, Price, Gross Margin 2016-2021
3.3 DSM Market Performance Analysis
3.3.1 DSM Basic Information
3.3.2 Product and Service Analysis
3.3.3 Strategies for Company to Deal with the Impact of COVID-19
3.3.4 DSM Sales, Value, Price, Gross Margin 2016-2021
3.4 Roche Market Performance Analysis
3.4.1 Roche Basic Information
3.4.2 Product and Service Analysis
3.4.3 Strategies for Company to Deal with the Impact of COVID-19
3.4.4 Roche Sales, Value, Price, Gross Margin 2016-2021
3.5 Chr. Hansen Market Performance Analysis
3.5.1 Chr. Hansen Basic Information
3.5.2 Product and Service Analysis
3.5.3 Strategies for Company to Deal with the Impact of COVID-19
3.5.4 Chr. Hansen Sales, Value, Price, Gross Margin 2016-2021
3.6 Adisseo France S.A.S. Market Performance Analysis
3.6.1 Adisseo France S.A.S. Basic Information
3.6.2 Product and Service Analysis
3.6.3 Strategies for Company to Deal with the Impact of COVID-19
3.6.4 Adisseo France S.A.S. Sales, Value, Price, Gross Margin 2016-2021
3.7 ADM Market Performance Analysis
3.7.1 ADM Basic Information
3.7.2 Product and Service Analysis
3.7.3 Strategies for Company to Deal with the Impact of COVID-19
3.7.4 ADM Sales, Value, Price, Gross Margin 2016-2021
3.8 Lonza Group Market Performance Analysis
3.8.1 Lonza Group Basic Information
3.8.2 Product and Service Analysis
3.8.3 Strategies for Company to Deal with the Impact of COVID-19
3.8.4 Lonza Group Sales, Value, Price, Gross Margin 2016-2021
3.9 AB Enzymes Market Performance Analysis
3.9.1 AB Enzymes Basic Information
3.9.2 Product and Service Analysis
3.9.3 Strategies for Company to Deal with the Impact of COVID-19
3.9.4 AB Enzymes Sales, Value, Price, Gross Margin 2016-2021
3.10 BASF Market Performance Analysis
3.10.1 BASF Basic Information
3.10.2 Product and Service Analysis
3.10.3 Strategies for Company to Deal with the Impact of COVID-19
3.10.4 BASF Sales, Value, Price, Gross Margin 2016-2021
3.11 Novozymes Market Performance Analysis
3.11.1 Novozymes Basic Information
3.11.2 Product and Service Analysis
3.11.3 Strategies for Company to Deal with the Impact of COVID-19
3.11.4 Novozymes Sales, Value, Price, Gross Margin 2016-2021
3.12 DuPont Genencor Market Performance Analysis
3.12.1 DuPont Genencor Basic Information
3.12.2 Product and Service Analysis
3.12.3 Strategies for Company to Deal with the Impact of COVID-19
3.12.4 DuPont Genencor Sales, Value, Price, Gross Margin 2016-2021
3.13 Advanced Enzymes Market Performance Analysis
3.13.1 Advanced Enzymes Basic Information
3.13.2 Product and Service Analysis
3.13.3 Strategies for Company to Deal with the Impact of COVID-19
3.13.4 Advanced Enzymes Sales, Value, Price, Gross Margin 2016-2021
3.14 Enmex Market Performance Analysis
3.14.1 Enmex Basic Information
3.14.2 Product and Service Analysis
3.14.3 Strategies for Company to Deal with the Impact of COVID-19
3.14.4 Enmex Sales, Value, Price, Gross Margin 2016-2021
4 Market Segment by Type, Historical Data and Market Forecasts
4.1 Global Enzymes Production and Value by Type
4.1.1 Global Enzymes Production by Type 2016-2021
4.1.2 Global Enzymes Market Value by Type 2016-2021
4.2 Global Enzymes Market Production, Value and Growth Rate by Type 2016-2021
4.2.1 Industrial Market Production, Value and Growth Rate
4.2.2 Specialty Market Production, Value and Growth Rate
4.3 Global Enzymes Production and Value Forecast by Type
4.3.1 Global Enzymes Production Forecast by Type 2022-2030
4.3.2 Global Enzymes Market Value Forecast by Type 2022-2030
4.4 Global Enzymes Market Production, Value and Growth Rate by Type Forecast 2022-2030
4.4.1 Industrial Market Production, Value and Growth Rate Forecast
4.4.2 Specialty Market Production, Value and Growth Rate Forecast
5 Market Segment by Application, Historical Data and Market Forecasts
5.1 Global Enzymes Consumption and Value by Application
5.1.1 Global Enzymes Consumption by Application 2016-2021
5.1.2 Global Enzymes Market Value by Application 2016-2021
5.2 Global Enzymes Market Consumption, Value and Growth Rate by Application 2016-2021
5.2.1 Food & Beverages Market Consumption, Value and Growth Rate
5.2.2 Detergents Market Consumption, Value and Growth Rate
5.2.3 Animal Feed Market Consumption, Value and Growth Rate
5.2.4 Textile Market Consumption, Value and Growth Rate
5.2.5 Paper & Pulp Market Consumption, Value and Growth Rate
5.2.6 Personal Care & Cosmetics Market Consumption, Value and Growth Rate
5.2.7 Other Market Consumption, Value and Growth Rate
5.3 Global Enzymes Consumption and Value Forecast by Application
5.3.1 Global Enzymes Consumption Forecast by Application 2022-2030
5.3.2 Global Enzymes Market Value Forecast by Application 2022-2030
5.4 Global Enzymes Market Consumption, Value and Growth Rate by Application Forecast 2022-2030
5.4.1 Food & Beverages Market Consumption, Value and Growth Rate Forecast
5.4.2 Detergents Market Consumption, Value and Growth Rate Forecast
5.4.3 Animal Feed Market Consumption, Value and Growth Rate Forecast
5.4.4 Textile Market Consumption, Value and Growth Rate Forecast
5.4.5 Paper & Pulp Market Consumption, Value and Growth Rate Forecast
5.4.6 Personal Care & Cosmetics Market Consumption, Value and Growth Rate Forecast
5.4.7 Other Market Consumption, Value and Growth Rate Forecast
6 Global Enzymes by Region, Historical Data and Market Forecasts
6.1 Global Enzymes Sales by Region 2016-2021
6.2 Global Enzymes Market Value by Region 2016-2021
6.3 Global Enzymes Market Sales, Value and Growth Rate by Region 2016-2021
6.3.1 North America
6.3.2 Europe
6.3.3 Asia Pacific
6.3.4 South America
6.3.5 Middle East and Africa
6.4 Global Enzymes Sales Forecast by Region 2022-2030
6.5 Global Enzymes Market Value Forecast by Region 2022-2030
6.6 Global Enzymes Market Sales, Value and Growth Rate Forecast by Region 2022-2030
6.6.1 North America
6.6.2 Europe
6.6.3 Asia Pacific
6.6.4 South America
6.6.5 Middle East and Africa
7 United State Market Size Analysis 2016-2030
7.1 United State Enzymes Value and Market Growth 2016-2021
7.2 United State Enzymes Sales and Market Growth 2016-2021
7.3 United State Enzymes Market Value Forecast 2022-2030
8 Canada Market Size Analysis 2016-2030
8.1 Canada Enzymes Value and Market Growth 2016-2021
8.2 Canada Enzymes Sales and Market Growth 2016-2021
8.3 Canada Enzymes Market Value Forecast 2022-2030
9 Germany Market Size Analysis 2016-2030
9.1 Germany Enzymes Value and Market Growth 2016-2021
9.2 Germany Enzymes Sales and Market Growth 2016-2021
9.3 Germany Enzymes Market Value Forecast 2022-2030
10 UK Market Size Analysis 2016-2030
10.1 UK Enzymes Value and Market Growth 2016-2021
10.2 UK Enzymes Sales and Market Growth 2016-2021
10.3 UK Enzymes Market Value Forecast 2022-2030
11 France Market Size Analysis 2016-2030
11.1 France Enzymes Value and Market Growth 2016-2021
11.2 France Enzymes Sales and Market Growth 2016-2021
11.3 France Enzymes Market Value Forecast 2022-2030
12 Italy Market Size Analysis 2016-2030
12.1 Italy Enzymes Value and Market Growth 2016-2021
12.2 Italy Enzymes Sales and Market Growth 2016-2021
12.3 Italy Enzymes Market Value Forecast 2022-2030
13 Spain Market Size Analysis 2016-2030
13.1 Spain Enzymes Value and Market Growth 2016-2021
13.2 Spain Enzymes Sales and Market Growth 2016-2021
13.3 Spain Enzymes Market Value Forecast 2022-2030
14 Russia Market Size Analysis 2016-2030
14.1 Russia Enzymes Value and Market Growth 2016-2021
14.2 Russia Enzymes Sales and Market Growth 2016-2021
14.3 Russia Enzymes Market Value Forecast 2022-2030
15 China Market Size Analysis 2016-2030
15.1 China Enzymes Value and Market Growth 2016-2021
15.2 China Enzymes Sales and Market Growth 2016-2021
15.3 China Enzymes Market Value Forecast 2022-2030
16 Japan Market Size Analysis 2016-2030
16.1 Japan Enzymes Value and Market Growth 2016-2021
16.2 Japan Enzymes Sales and Market Growth 2016-2021
16.3 Japan Enzymes Market Value Forecast 2022-2030
17 South Korea Market Size Analysis 2016-2030
17.1 South Korea Enzymes Value and Market Growth 2016-2021
17.2 South Korea Enzymes Sales and Market Growth 2016-2021
17.3 South Korea Enzymes Market Value Forecast 2022-2030
18 Australia Market Size Analysis 2016-2030
18.1 Australia Enzymes Value and Market Growth 2016-2021
18.2 Australia Enzymes Sales and Market Growth 2016-2021
18.3 Australia Enzymes Market Value Forecast 2022-2030
19 Thailand Market Size Analysis 2016-2030
19.1 Thailand Enzymes Value and Market Growth 2016-2021
19.2 Thailand Enzymes Sales and Market Growth 2016-2021
19.3 Thailand Enzymes Market Value Forecast 2022-2030
20 Brazil Market Size Analysis 2016-2030
20.1 Brazil Enzymes Value and Market Growth 2016-2021
20.2 Brazil Enzymes Sales and Market Growth 2016-2021
20.3 Brazil Enzymes Market Value Forecast 2022-2030
21 Argentina Market Size Analysis 2016-2030
21.1 Argentina Enzymes Value and Market Growth 2016-2021
21.2 Argentina Enzymes Sales and Market Growth 2016-2021
21.3 Argentina Enzymes Market Value Forecast 2022-2030
22 Chile Market Size Analysis 2016-2030
22.1 Chile Enzymes Value and Market Growth 2016-2021
22.2 Chile Enzymes Sales and Market Growth 2016-2021
22.3 Chile Enzymes Market Value Forecast 2022-2030
23 South Africa Market Size Analysis 2016-2030
23.1 South Africa Enzymes Value and Market Growth 2016-2021
23.2 South Africa Enzymes Sales and Market Growth 2016-2021
23.3 South Africa Enzymes Market Value Forecast 2022-2030
24 Egypt Market Size Analysis 2016-2030
24.1 Egypt Enzymes Value and Market Growth 2016-2021
24.2 Egypt Enzymes Sales and Market Growth 2016-2021
24.3 Egypt Enzymes Market Value Forecast 2022-2030
25 UAE Market Size Analysis 2016-2030
25.1 UAE Enzymes Value and Market Growth 2016-2021
25.2 UAE Enzymes Sales and Market Growth 2016-2021
25.3 UAE Enzymes Market Value Forecast 2022-2030
26 Saudi Arabia Market Size Analysis 2016-2030
26.1 Saudi Arabia Enzymes Value and Market Growth 2016-2021
26.2 Saudi Arabia Enzymes Sales and Market Growth 2016-2021
26.3 Saudi Arabia Enzymes Market Value Forecast 2022-2030
27 Market Dynamic Analysis and Development Suggestions
27.1 Market Drivers
27.2 Market Development Constraints
27.3 PEST Analysis
27.3.1 Political Factors
27.3.2 Economic Factors
27.3.3 Social Factors
27.3.4 Technological Factors
27.4 Industry Trends Under COVID-19
27.4.1 Risk Assessment on COVID-19
27.4.2 Assessment of the Overall Impact of COVID-19 on the Industry
27.4.3 Pre COVID-19 and Post COVID-19 Market Scenario
27.5 Market Entry Strategy Analysis
27.5.1 Market Definition
27.5.2 Client
27.5.3 Distribution Model
27.5.4 Product Messaging and Positioning
27.5.5 Price
27.6 Advice on Entering the Market
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