Global Enzymes Market, By Product Type (Industrial Enzymes, Specialty Enzymes), Type (Carbohydrases, Proteases, Lipases, Polymerases and Nucleases, Other), Source (Micro-organism, Plant, Animal), Application (Food and Beverages, Bioethanol, Textiles and Leather, Detergents, Paper and Pulp, Wastewater Treatment, Feed, Others), End User (Pharmaceuticals, Research and Biotechnology, Diagnostics, Biocatalysts), Reaction Type (Hydrolases, Oxidoreductases, Transferases, Lyase, Others), Industrial Enzymes Application (Food & Beverage, Bioethanol, Textiles & Leather, Detergents, Paper & Pulp, Wastewater Treatment, Feed, Other Applications), Specialty Enzymes Application (Pharmaceuticals, Research & Biotechnology, Diagnostics, Biocatalysts) – Industry Trends and Forecast to 2029.
Enzymes Market Analysis and Size
Enzymes are biocatalysts that change the biological reaction rate to produce desired outcomes. They are proteinaceous in nature and have gained a lot of popularity in last few years due to their several applications. Food and animal feed, pharmaceuticals and biotechnology R&D, textiles and detergents, manufacturing industries, and other industries. The enzymes sector has grown due to wide usage in manufacturing processes, which has resulted in significant energy usage, cost savings, and reduced and improved substrate activity.
Data Bridge Market Research analyses that the enzymes market was valued at USD 11.47 billion in 2021 and is expected to reach USD 19.86 billion by 2029, registering a CAGR of 7.10% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Enzymes Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Industrial Enzymes, Specialty Enzymes), Type (Carbohydrases, Proteases, Lipases, Polymerases and Nucleases, Other), Source (Micro-organism, Plant, Animal), Application (Food and Beverages, Bioethanol, Textiles and Leather, Detergents, Paper and Pulp, Wastewater Treatment, Feed, Others), End User (Pharmaceuticals, Research and Biotechnology, Diagnostics, Biocatalysts), Reaction Type (Hydrolases, Oxidoreductases, Transferases, Lyase, Others), Industrial Enzymes Application (Food & Beverage, Bioethanol, Textiles & Leather, Detergents, Paper & Pulp, Wastewater Treatment, Feed, Other Applications), Specialty Enzymes Application (Pharmaceuticals, Research & Biotechnology, Diagnostics, Biocatalysts)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, 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), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Novozymes (Denmark), BASF SE (Germany), DuPont (U.S.), Associated British Foods (U.K.), DSM (Netherlands), Dyadic International Inc., (U.S.), Advanced Enzymes Technologies (India), Aumgene Biosciences (India), Chr. Hansen Holding A/S (Denmark), Amano Enzyme Inc. (Japan), F. Hoffmann-La Roche Ltd (Switzerland), Codexis, Inc. (U.S.), Sanofi (France), Creative Enzymes (U.S.), Enzyme Solutions (U.S.), Enzymatic Deinking Technologies, LLC (U.S.), Biocatalysts (U.K.)
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Market Opportunities
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Market Definition
Enzymes are proteins or biological molecules that greatly diminish the response time of several chemical reactions within cells. They can have the capability to act as biological catalysts. They are essential for life and perform several vital tasks in the body, such as digestion, respiration, muscle and neuron function, and many other activities. Enzymes help in the degradation of complex and larger compounds, such as glucose, into smaller molecules that the body may use as fuels.
Global Enzymes Market Dynamics
Drivers
- Rising demand for carbohydrases
The demand for the carbohydrases rapidly increase in the market because carbohydrases are widely used in several applications such as industrial processes and prominently in the food & beverage industry. Now, it is possible to obtain many prebiotics (such as galactooligosaccharides and fructooligosaccharides), sugar syrups (such as fructose, glucose and inverted sugar syrups), and isomaltulose by the use of carbohydrates. The carbohydrate substitutes sweeteners such as sucrose to increase the sensory properties of wines and juices and diminish lactose in milk. Moreover, amylases are a sub-category of carbohydrases catalyze which is used for the hydrolysis of starch into sugars. Hence, major companies such as Novozymes (Denmark) and DSM (Netherlands) offer amylases for industrial applications. Thus, the growing demand of carbohydrates is expected to propel the market's growth rate.
- Increasing utilization of enzymes in paper industry
The rising demand for green alternatives increases enzymes' usage in paper industry. The increasing use of paper in the packaging industry due to several environmental issues along with the easy and lightweight use is likely to trigger the demand for the product in the pulp & paper processing sector. Thus, increasing utilization of enzymes in paper industry in anticipated to boost market growth rate.
Opportunities
- High usage of enzymes in food & beverage industry
Enzymes are highly used in food & beverage sector due to their wide range of properties during the forecast period. Consumers from developed regions have been demanding higher-quality food & beverages with natural and organic ingredients due to the augmented health conscience. This is driving the major players to launch effective products to deal with consumer demand. Furthermore, the use of enzymes in packaged juice processing has benefitted manufacturers in maximizing the amount of juice removed from the fruit, thus controlling costs and reducing waste. Growing demand for beverages, especially in soft drinks, has increased enzyme application in the food & beverage sector. This coupled with the augmented consumption of packaged juices has been a vital factor for market and creates immense opportunities for the growth of the enzymes market.
Restraints/ Challenges
- Rising concern regarding issue related of enzymes
Growing concerns regarding quality, safety, and consumer perception toward enzymes are the major challenges to the enzymes market growth.
Furthermore, lack of standardized regulatory guidelines along with the strict governing framework are acting as major restriction on the growth of the enzymes market during the forecast period,
This enzymes market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the enzymes market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Enzymes Market
The enzymes sector was combined effect by COVID-19 pandemic. Still, the lockdowns during pandemic posed a number of problems for industry participants, including logistical difficulties in shipping end goods, disrupted supply chains, and recruiting staff from quarantines. During the coronavirus outbreak, the government has imposed lockdowns that have temporarily disturbed the activities of several industries such as enzymes.
On the brighter side, the use of generic medicines, especially herbal immunity boosters, has increased, due to this growth of enzymes industry is in a downward spiral. Thus, COVID-19 left a combined impact on the growth of the enzymes market.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In April 2022, Molecular Assemblies and Codexis collaborated to create a high-performing enzyme to allow fully enzymatic synthesis of DNA.
- In February 2022, Kerry Group acquired c-LEcta to increase its expertise, manufacturing capabilities, and technology portfolio.
- In December 2021, Codexis introduced Codex HiTemp Reverse Transcriptase. This enzyme is specially optimized and engineered for improved thermostability and robustness to identify known challenges in handling clinical samples.
- In June 2021, DSM-Novozymes alliance launched a protease, ProAct 360 for poultry which helps improve feed affordability, efficiency, and sustainability.
Global Enzymes Market Scope
The enzymes market is segmented on the basis of product type, type, source, application, end user, reaction type, industrial enzymes application and specialty enzymes application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Industrial Enzymes
- Specialty Enzymes
Type
- Carbohydrases
- Proteases
- Lipases
- Polymerases and Nucleases
- Other
Source
- Micro-organism
- Plant
- Animal
Application
- Food and Beverages
- Bioethanol
- Textiles
- Leather
- Detergents
- Paper and Pulp
- Wastewater Treatment
- Feed
- Others
End User
- Pharmaceuticals
- Research and Biotechnology
- Diagnostics
- Biocatalysts
Reaction Type
- Hydrolases
- Oxidoreductases
- Transferases
- Lyase
- Others
Industrial Enzymes Application
- Food & Beverage
- Bioethanol
- Textiles & Leather
- Detergents
- Paper & Pulp
- Wastewater Treatment
- Feed
- Other Applications
Specialty Enzymes Application
- Pharmaceuticals
- Research & Biotechnology
- Diagnostics
- Biocatalysts
Enzymes Market Regional Analysis/Insights
The enzymes market is analysed and market size insights and trends are provided by country, product type, type, source, application, end user, reaction type, industrial enzymes – application and specialty enzymes – application as referenced above.
The countries covered in the enzymes market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, 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), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the enzymes market in terms of market share due to the higher presence of several end-user industries along with large scope for research and development activities in emerging economies in this region.
Europe is anticipated to be the fastest developing region during the forecast period of 2022-2029 due to the shifting inclination towards decreasing greenhouse emissions and promoting biofuel production in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Enzymes Market Share Analysis
The enzymes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to enzymes market.
Some of the major players operating in the enzymes market are:
- Novozymes (Denmark)
- BASF SE (Germany)
- DuPont (U.S.)
- Associated British Foods (U.K.)
- DSM (Netherlands)
- Dyadic International Inc., (U.S.)
- Advanced Enzymes Technologies (India)
- Aumgene Biosciences (India)
- Chr. Hansen Holding A/S (Denmark)
- Amano Enzyme Inc. (Japan)
- F. Hoffmann-La Roche Ltd (Switzerland)
- Codexis, Inc. (U.S.)
- Sanofi (France)
- Creative Enzymes (U.S.)
- Enzyme Solutions (U.S.)
- Enzymatic Deinking Technologies, LLC (U.S.)
- Biocatalysts (U.K.)
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