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 biocatalysts that change the rate of a biological reaction and bring about the intended outcomes. They are proteinaceous by nature and have attracted particular attention recently because of the many applications they have. Enzymes are used in a variety of industries, including food and animal feed, textiles and detergents, pharmaceuticals and biotechnology R&D, and manufacturing (paper and pulp processing, leather processing and agriculture). Their use in manufacturing processes, which led to significant cost savings, minimal energy use, and improved substrate activity, has helped the enzymes sector grow.
Enzymes are in charge of regulating or accelerating the reaction, which gives them many advantages over traditional chemical processes in terms of productivity and sustainability. Enzymes are becoming more widely used in industrial applications as a result. Enzyme catalysis has been scaled up for many industrial processes, including the food and beverage business, textiles, detergents, paper and pulp, waste management, leather processing, the biofuel sector, the pharmaceuticals and biotechnology industries, and agriculture. Due to their extremely effective bio-catalysis, product selectivity, minimal toxicity to humans and the environment, and highly efficient bio-catalysis, enzyme demand is expected to rise across all industrial verticals. Additionally, using less energy (temperature) and shortening the production process overall has led to significant cost savings. As a result, it is anticipated that this will accelerate the use and adoption of enzymes worldwide.
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:
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- 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.
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