What Is the Size of Global Enzymes Industry?
Global Enzymes market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F. The Enzymes Market is largely driven by increase in technological advancements for the manufacturing of enzymes along with the growing demand for enzymes in various industries including food and beverages, bioenergy, animal feed, pharmaceuticals, and others.
The growing demand for enzymes for the treatment of various diseases including cardiovascular diseases, cancer, and others along with the increasing prevalence of cardiovascular diseases and increase in the geriatric population is expected to augment the growth of the market.
The lack of standard regulatory policies on enzymes is the most significant barrier to the growth of the enzymes industry globally. In March 2021, according to The European Parliament, there are over 250 technical enzymes which are produced from genetically-modified organisms and most of them are permitted in Europe. However, no relevant, independent, or well-founded studies have been done on their effects on health, which led to a lack of mandatory labeling of technical enzymes in the food processing industry.
During the initial period of COVID-19 pandemic, the disrupted supply chains have affected the production capacity, demand, and supply of the enzymes but post 2021 the demand for enzymes increased owing to rising health awareness among consumers which has boosted the demand for immunity-enhancing products.
Global Enzymes Market By Glass Product Type
The Global Enzymes market is segmented by Product Type into Industrial enzymes and Specialty enzymes. Industrial enzymes segment held the largest share of the global enzymes market in 2022, owing to the growing demand for enzymes for the manufacturing of various products including detergents, food and beverages, textile, biofuels, paper & pulp, and others. Moreover, the increase in the use of detergents in household and industrial applications has enabled manufacturers to launch new products in the market.
In September 2021, Novozymes A/S launched a phosphodiesterase enzyme named Pristine, a biodegradable and natural ingredient for detergent. This enzyme helps tackle the problem of malodor and discoloration. It breaks down the layer of body grime and releases odor and dirt. The launch aims to expand the company’s product portfolio.
Global Enzymes Market By Source
The Global Enzymes Market is segmented by Source into Microorganism, Plant and Animal. The microorganism segment accounts for the majority share of the global enzymes market in 2022, due to its low production cost as well as easy availability of the source. In addition, the microorganism-based enzymes can be cultivated in large quantities in a short period which gives an added advantage in the enzyme production process. The increase in research and development on the production of enzymes from microorganisms is expected to fuel the growth of the market.
According to the National Center for Biotechnology Information, the demand for enzymes is increasing rapidly in various industries including agriculture, food, chemicals, pharmaceuticals, and others, and microbial enzymes have gained interest due to their catalytic activity, stability, and ease of production and optimization in comparison to other plant and animal enzymes.
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Global Enzymes Market By Type
The Global Enzymes market is segmented by type into Carbohydrase, Proteases, Lipases, Polymerases & Nucleases and Other Enzymes. The carbohydrase segment accounts for the majority share of the global enzymes market owing to the surge in the demand for carbohydrase such as cellulose and amylases in various industrial applications including textile, pulp & paper, food and beverages industry, and others. In addition, carbohydrase has great potential in improving feed energy which has increased its demand in the feed industry. The aforementioned factors are expected to propel the growth of the market.
A research study published in June 2021 shared that according to Elsevier B.V., supplementation of multi-carbohydrase in poultry diet can help improve nutrient digestibility, energy and protein utilization, and growth rates.
Key Topics Covered in the Report:-
Snapshot of Global Enzymes Market
Industry Value Chain and Ecosystem Analysis of Enzymes Market
Market size and Segmentation of Global Enzymes Market
Historic Growth of Overall Global Enzymes Market and Segments
Competition Scenario of the Enzymes Market and Key Developments of Competitors
Porter’s 5 Forces Analysis of Global Enzymes Industry
Overview, Product Offerings, and Strategic Developments of Key Competitors
COVID-19 Impact on the Overall Global Enzymes Market
Future Market Forecast and Growth Rates of the Global Enzymes Market and by Segments
Market Size of Application/End-Users Segments with Historical CAGR and Future Forecasts
Analysis of Enzymes Market in Major Regions
Major Production / Consumption Hubs in the Major Regions
Major Production/Supply and Consumption/Demand Hubs in Each Region
Major Country-wise Historic and Future Market Growth Rates of the Total Enzymes Market and Segments
Overview of Notable Emerging Competitor Companies within Each Major Country
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Major Companies Profiled in the Report
Chr. Hansen Holding A/S
Advanced Enzyme Technologies
F. Hoffmann-La Roche Ltd
Thermo Fisher Scientific
Notable Emerging Companies Mentioned in the Report
Associated British Foods Plc
BBI Enzymes Ltd.
Enzymatic Deinking Technologies
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
Food and Beverages Manufacturers
Animal Feed Manufacturers
Cleaning Products Companies
Suppliers to Enzyme Manufacturers
Food Regulatory Authorities
Government Ministries of Food
Government Ministries of Health
Food Research Institutes
Specialty Chemicals Manufacturers
Period Captured in the Report:-
Historical Period: 2017-2021
Forecast Period: 2022-2028F
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