Global Enzymes Market by Application (Specialty Enzymes, Industrial Enzymes), by Product (Carbohydrase, Lipases, Proteases) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global enzymes market was valued at USD 9.9 Billion in 2019. It is projected to grow at a compound annual rate (CAGR of 7.1%) between 2020 and 2027. The market is expected to grow due to increased demand from the end-use industries, such as home cleaning, food and beverage, animal feed, and biofuel. The rising awareness of consumers about their health has led to a rise in demand for functional foods. This is expected to drive the market growth in the near future.

The market has seen a significant increase in quality food products and natural flavor over the past decade. This trend has fueled the growth of processed and flavored food products in the industrial chemicals segment. These enzymes are catalysts for the breakdown of nutrients and vitamins from complex compounds to smaller ones. The market is expected to grow because of increased awareness about enzymes in protein Engineering technology, and the high potential in developing countries.

One of the most exciting areas for research and development is protein engineering. This involves the creation and production of new enzymes that can catalyze reactions not found naturally. It is expected to see an increase in demand because of its broad use across many applications, including food processing, predigestion of infant foods, fruit juice clarification and cheese manufacturing, as well as conversion of starch to glucose.

There is also an increase in demand for enzymes in paper processing and biofuels. The key drivers of enzymes market growth are increasing consumer awareness about food quality and population explosion.

Application Insights

The development and production nutritious food and beverages is a major role for enzymes. In the production of food and beverages, enzymes are used to create custom enzyme solutions or proprietary products. Food manufacturers can use specialized solutions to increase yield, improve quality, lower costs, optimize resources and reduce environmental pollution.

One of the main factors driving the global enzymes industry is increasing investments in research and the biotechnology sector for new medicines and diagnostic solutions. This sector is expected to grow due to strong funding and research efforts. Many companies have R&D centers that focus on the evaluation, development, scaling, validation and innovation of enzyme formulations for commercial processing, as well as human welfare. These centers are skilled in the expression and cloning industrial enzymes in safe and appropriate microbial hosts.

These key functions are: promoting wound healing, diagnosing diseases, killing disease-causing microorganisms and killing them. These products will be used in the pharmaceutical industry due to increasing consumer demand and awareness about diseases and their consequences. Specialty enzymes can now be used in drug delivery and formulation thanks to increased research and development. Pharmaceutical industry manufacturers are keen to produce pharmaceutical drug formulations based on enzymes that have less side effects.

Product Insights

The most prominent carbohydrases found in many industries, including food and beverage, animal feed, and pharmaceuticals, are cellulase and lactase. Carbohydrase is primarily used to convert carbohydrates into sugar syrup, such as glucose or fructose. These are then used in the food and beverage as well as pharmaceutical industries. It can also be used to produce prebiotic products as well as artificial sweeteners, known isomaltulose, for wine and juice.

Cellulase and amylase are used to catalyze starch hydrolysis to make sugar. The market is expected to grow over the forecast period due to the increasing use of carbohydrase in the production of sugar as an ingredient and processing aid. Others uses of carbohydrases are pharmaceutical, animal feeds, textile, paper and biofuels. Over the forecast period, the Asia Pacific countries of India and China will see a rise in the demand for sugar carbohydrases due to their growing nutraceutical or pharmaceutical industries.

Most lipases are used to catalyze the hydrolysis of fats and lipids. They are responsible for the digestion, transport, and processing of dietary lipids like oils, fats, or triglycerides. There are many uses for lipases in the food industry, including baking, dairy products, and biofuel production. The main use of lipase in biodiesel production is the processing of glycerides, fatty acids by esterification or transesterification reactions.

Source Insights

Bromelain, a plant-based enzyme, is derived from pineapple, and papain, which comes from papaya. Amylase, protease and cellulase are some of the most prominent enzymes found in plants. Amylase aids the body in the digestion and subsequent absorption of carbohydrates and starch. Protease is responsible for breaking down proteins found in meat, eggs and poultry. Cellulase is not found in plants, whereas lipases aid in fat digestion.

There are three types of microorganism-based enzymes: yeast, fungal, or bacterial. The mushroom-based enzymes include esterases and phenol oxidases. Bacterial enzymes generally come from Bacillus. These enzymes are used in the food, pharmaceutical, as well as detergent industries. Due to their increased use in many end-use industries, fungi-based enzymes have become a popular type. They can be used in many ways, including the production and preparation of soy sauce, beer and baked goods.

Regional Insights

North America is a highly regarded region because of its strong presence in many end-use industries and the high potential for research and development in the major countries. The United States government has taken several steps to encourage the production of biofuels such as biodiesel and cellulosic biofuels. In 2005, the government established Renewable Fuel Standards (RFS1 & RFS2) program. These standards are designed to reduce greenhouse gas emissions and promote alternative fuels. The growth is expected to be driven by these government initiatives and the growing production of biofuels within the U.S.

Over the forecast period, the European Commission's tendency to reduce greenhouse emissions and promote the production of biofuels will have a positive effect on regional growth. According to the Food and Agriculture Organization, Europe was the third largest meat producer in 2018, after North America and China. Due to the improving economic situation in Russia, there will be a significant increase in meat production in this country. To improve the meat's tenderness, enzymes are used extensively in meat processing. Europe is a major consumer of meat products. This will positively impact product demand.

Market Share Insights & Key Companies

Market dominance is largely due to the dominant supply from Novozymes and DuPont Danisco. Novozymes and DuPont together account for 75% of this market. Key manufacturers have divided the industrial enzymes market into two segments: investment-intensive and long enzymes development cycle. There has been a significant increase in demand for high-quality specialty enzymes. This has created opportunities for raw material suppliers to offer high-quality, uniform products via a well-researched supply chain.

The manufacturing process is crucial in determining the quality of enzymes. The industry's growth is influenced by the collaboration of producers and fair trade practices. The major markets are North America and Asia Pacific. The market growth will be affected by regulatory and regional context. The market leader in enzymes is:

• Novozymes

• DuPont

• DSM

• Amano Enzyme Inc.

• Lonza Group

Up Market Research published a new report titled “Enzymes Market research report which is segmented by Application (Specialty Enzymes, Industrial Enzymes), by Product (Carbohydrase, Lipases, Proteases), By Players/Companies Lonza Group, Novozymes, Amano Enzyme Inc, DSM, DuPont”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Enzymes Market Report Segments:

The market is segmented by Application (Specialty Enzymes, Industrial Enzymes), by Product (Carbohydrase, Lipases, Proteases).

Enzymes Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Enzymes Market

Overview of the regional outlook of the Enzymes Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Enzymes Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Enzymes Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Specialty Enzymes

                2. Industrial Enzymes

                1. Carbohydrase

                2. Lipases

                3. Proteases

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Enzymes Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
• Consumer Insights
• Understanding Competition Scenario
• Product & Brand Management
• Channel & Customer Management
• Identifying Appropriate Advertising Appeals

Reasons to Purchase the Enzymes Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.