Enzymes Market Size, Growth Opportunities, Outlook, Statistics, Market Scope, Revenue, Research, Trends Analysis & Global Industry Forecast Report, 2021-2028
Enzymes Market Size , Share & Analysis Report by Product Type (Industrial enzymes and Specialty enzymes), By Source (Microorganisms, Plant and Animal), By Type (Carbohydrases, Proteases, Lipases, Polymerases and Nucleases; and Others), By Application (Food & Beverages, Bioethanol, Textile & Leather, Detergents, Paper & Pulp, Wastewater Treatment, Feed and Others) and By Region – Global Opportunities & Forecast, 2021-2028
Enzymes Market witnessed USD 10,600 Million in 2020, growing at a robust CAGR of 7.1% during forecast period.
Introduction of the Enzymes Market Report
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.
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Market Dynamic
Key Drivers and Emerging Trends
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.
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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.
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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:
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- 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.
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Key questions answered in this research report:
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- At what pace is global Enzymes market growing? What will be the growth trend in the future?
- What are the key drivers and restraints in Enzymes market? What will be the impact of drivers and restraints in the future?
- What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Enzymes market?
- Which Product Type generated maximum revenues in 2019 and identify the most promising Product Type during the forecast period?
- What are the various Source areas of global Enzymes market and how they are poised to grow?
- What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?
Report Coverage |
Details |
Market Base Year |
2020 |
Market Forecast Period |
2021-2028 |
Market Revenues (2020) |
USD 10,600 Million |
Base Year & Forecast Units |
Revenues (USD Million) |
Market Segment | By Product Type, By Source, By Type, By Application, By Region |
Regional Coverage | Asia Pacific, Europe, North America, and RoW |
Companies Profiled | 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; a total of 10 companies covered. |
25% Free Customization Available | We will customize this report up to 25% as a free customization to address our client’s specific requirements |
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
- Carbohydrases
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
- Food & Beverages
Global Enzymes Market by Region
-
- North America Enzymes Market (Option 1: As a part of the free 25% customization)
- North America Enzymes Market by Product Type
- North America Enzymes Market by Source
- North America Enzymes Market by Type
- North America Enzymes Market by Application
- US Enzymes Market All-Up
- Canada Enzymes Market All-Up
- Europe Enzymes Market (Option 2: As a part of the free 25% customization)
- Europe Enzymes Market by Product Type
- Europe Enzymes Market by Source
- Europe Enzymes Market by Type
- Europe Enzymes Market by Application
- UK Enzymes Market All-Up
- Germany Enzymes Market All-Up
- France Enzymes Market All-Up
- Spain Enzymes Market All-Up
- Rest of Europe Enzymes Market All-Up
- Asia-Pacific Enzymes Market (Option 3: As a part of the free 25% customization)
- Asia-Pacific Enzymes Market by Product Type
- Asia-Pacific Enzymes Market by Source
- Asia-Pacific Enzymes Market by Type
- Asia-Pacific Enzymes Market by Application
- China Enzymes Market All-Up
- India Enzymes Market All-Up
- Japan Enzymes Market All-Up
- Rest of APAC Enzymes Market All-Up
- RoW Enzymes Market (Option 4: As a part of the free 25% customization)
- RoW Enzymes Market by Product Type
- RoW Enzymes Market by Source
- RoW Enzymes Market by Type
- RoW Enzymes Market by Application
- Brazil Enzymes Market All-Up
- South Africa Enzymes Market All-Up
- Saudi Arabia Enzymes Market All-Up
- UAE Enzymes Market All-Up
- Rest of world (remaining countries of the LAMEA region) Enzymes Market All-Up
- North America Enzymes Market (Option 1: As a part of the free 25% customization)
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.
Frequently Asked Question About This Report
Enzymes Market [UP527A-00-0620]
The top players 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.
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.
The North America region is anticipated 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.
The growth rate of Enzymes Market during 2021-2028 is 7.1%.
- Published Date: Aug - 2021
- Report Format: Excel/PPT
- Report Code: UP527A-00-0620
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Enzymes Market Size, Growth Opportunities, Outlook, Statistics, Market Scope, Revenue, Research, Trends Analysis & Global Industry Forecast Report, 2021-2028
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