Enzymes Market Research Report

Enzymes Market Research Report

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Enzymes Market

Enzymes Market accounted at USD 10,600 Million in 2020 and is predicted to witness healthy CAGR of 7% over the forecast period (2021-2028).

Growing demand of enzymes form food & beverage, biofuel, and home cleaning industries and rising awareness about the human health has bolstered the demand for functional foods, is further likely to expand the enzymes market size. Also, enzymes help in removing toxins, building muscles, and conserving chemical energy. Further, the growing deployment of enzymes in protein engineering technology and production of biofuels as well as paper and pulp industries to enhance bleaching properties will expand the market growth.

By Source, the Microorganism segment is predicted to expand at a faster CAGR over the forecast period, owing to the advent of genetically engineered microorganisms. Microorganisms are a prime source of enzymes as they are readily available and have lower production cost.

By Type, the carbohydrases segment is likely to witness a promising growth owing to its growing application in pharmaceutical and food industries. Moreover, rising clinical trials to compute the efficacy of carbohydrate-based products for health conditions and the incidences of metabolic syndromes are other factors fueling the market’s growth.

By region, the North America region is expected to hold a larger share over the forecast period, owing to the rising research and development initiatives. The strong existence of several end-use industries in pharmaceutical, food and beverage, and cosmetic industries will strengthen the market growth.

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Leading players operating in the market include DuPont, BASF SE, Associated British Foods plc, Novozymes, DSM, Advanced Enzymes Technologies, Dyadic International Inc., Aumgene Biosciences, Chr. Hansen Holding A/S, Amano Enzymes Inc., among others.

Key Developments:

In 2021, Advanced Enzymes Technologies adopted 51% of the paid-up share capital of SciTech Specialities Private Limited (SSPL) to capitalize on synergies with SSPL and expand its business-to-consumer segments.

Enzymes Market Segmentation:
Enzymes Market by Product Type
·         Industrial enzymes

·         Specialty enzymes

Enzymes Market by Source
·         Microorganisms

·         Plant

·         Animal

Enzymes Market by Type
·         Carbohydrases

o   Amylases

o   Cellulases

o   Others

·         Proteases

·         Lipases

·         Polymerases

·         Nucleases

·         Others

Enzymes Market by Application
·         Food & Beverages

o   Meat Processing

o   Dairy Products

o   Beverages

o   Bakery & Confectionery Products

o   Neutraceuticals

o   Others

·         Bioethanol

·         Textile & Leather

·         Detergents

o   Laundry Detergents

o   Automatic Dishwashing Detergents

o   Others

·         Paper & Pulp

·         Wastewater Treatment

·         Feed

o   Ruminant Feed

o   Swine Feed

o   Poultry Feed

o   Aqua Feed

o   Others

o   Others

Enzymes Market by Region:
·         Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·         North America

o   United States of America

o   Canada

·         Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·         RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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