Enzymes Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented by Type (Industrial Enzymes, Specialty Enzymes), By Source (Plant, Animal, Microbial), By Application (Food & Beverage, Biotechnology & Pharmaceuticals, Animal Feed, Others), By Region and Competition
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationEnzymes Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented by Type (Industrial Enzymes, Specialty Enzymes), By Source (Plant, Animal, Microbial), By Application (Food & Beverage, Biotechnology & Pharmaceuticals, Animal Feed, Others), By Region and Competition
In May 2023 dsm-firmenich launched MaxilactNext – the quickest pure lactase enzyme in the industry for enhanced and lactose-free dairy production.
The growing demand for sustainable solutions has a significant impact on the growth of the Global Enzymes Market. Enzymes are inherently sustainable and eco-friendly catalysts, making them a preferred choice for industries seeking greener alternatives. Governments and regulatory bodies worldwide are implementing stricter environmental regulations to reduce pollution, waste, and carbon emissions. Industries are required to adopt sustainable practices and minimize their environmental impact. Enzymes offer a sustainable solution by providing an eco-friendlier alternative to traditional chemical catalysts. The demand for enzymes increases as industries seek to comply with these regulations and align their operations with sustainability goals. There is a growing awareness among consumers about the environmental impact of products and processes.
In 2021, AB Enzymes recently launched "Veron Maxima," an enzyme product specifically designed for denim processing that they claim will improve the colorfastness and functionality of denim clothing.
Advancements in biotechnology and enzyme engineering have a profound impact on the growth of the Global Enzymes Market. These advancements have opened up new possibilities for enzyme applications, improved their performance, and expanded their use across various industries. Biotechnology and enzyme engineering techniques allow for the optimization and improvement of enzyme performance. Through genetic engineering, enzymes can be modified to exhibit enhanced catalytic activity, stability, and specificity. This enables the development of enzymes that are better suited for specific industrial applications, leading to improved efficiency and performance. As a result, industries across sectors such as healthcare, biofuels, textiles, and food processing can achieve better outcomes by utilizing these advanced enzymes.
Advancements in biotechnology and enzyme engineering have broadened the scope of enzyme applications. Enzymes can now be engineered to perform new functions and catalyze reactions that were previously difficult or impossible. This allows enzymes to be utilized in a wider range of industrial processes, from the production of biofuels and pharmaceuticals to wastewater treatment and bioremediation. The ability to tailor enzymes to specific needs and applications expands their market potential. Biotechnology and enzyme engineering enable the customization of enzymes to meet specific industry requirements. Biotechnological advancements have led to the development of enzymes with improved stability and functionality. Advances in biotechnology have contributed to the reduction in enzyme production costs. Techniques such as recombinant DNA technology, protein expression systems, and fermentation optimization have made enzyme production more efficient and scalable. The increased production yields and streamlined manufacturing processes help to lower the overall costs of enzymes. This cost reduction enhances the competitiveness of enzymes compared to alternative catalysts, driving their adoption in various industries.
Growing Food and Beverage Industry will further drive the growth of Global Enzymes Market over the years.
In April 2021, Biocatalysts ltd announced the launch of a new dairy enzyme Promod 517MDP in order to expand its Kosher and Halal certified dairy protein enzymes.
Enzymes are instrumental in the production of specialty ingredients used in the food and beverage industry. For example, enzymes are utilized in the production of sweeteners, such as high-fructose corn syrup, as well as in the conversion of starch into syrups for various applications. Enzymes also play a crucial role in the production of specialty proteins, including enzymes used in the dairy industry for cheese and yogurt production. Enzymes help optimize food processing operations, leading to increased efficiency and cost savings. Enzymatic processes are typically more efficient than traditional methods, requiring milder processing conditions, shorter processing times, and reduced energy consumption. Enzymes enable food manufacturers to achieve higher yields, reduce waste, and streamline their production processes. The growing consumer demand for clean label and natural food products is driving the adoption of enzymes in the food and beverage industry. Enzymes are perceived as natural and clean label ingredients, aligning with consumer preferences for fewer artificial additives and more sustainable food options. Enzymes provide a way to enhance food products while maintaining a clean label and meeting consumer demands for transparency and naturalness.
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Increasing Pharmaceutical Applications can accelerate the growth of Global Enzymes Market during the forecast period.
In July 2022, Researchers at IIT Madras have developed a bacterium that can turn agricultural waste into industrial enzymes through a cost effective and environment friendly process.
Enzyme-based drug delivery systems enhance drug stability, bioavailability, and therapeutic outcomes. The demand for enzymes in drug delivery applications contributes to the growth of the enzymes market. Enzyme assays and diagnostic kits play a crucial role in pharmaceutical research, drug development, and clinical diagnostics. Enzymes are used as analytical tools to measure enzymatic activity, assess drug interactions, and monitor disease markers. Enzyme-based diagnostic kits enable rapid and accurate detection of various diseases, including infectious diseases, cardiovascular disorders, and cancer. The demand for enzyme assays and diagnostic kits in the pharmaceutical sector drives the growth of the enzymes market.
Growing Agriculture Sector can enhance the demand for Global Enzymes Market over the years.
According to FAO, in 2020, the United States was the largest pesticide-consuming country worldwide, with approximately 407.8 thousand metric tons. Brazil trailed in second, with 377.2 thousand tons consumed.
Enzymatic additives, such as carbohydrases, proteases, and phytases, break down complex molecules in feed ingredients, making nutrients more accessible to animals. Enzymes enhance the digestibility of feed, improve feed conversion efficiency, and promote better growth and health of livestock. The demand for enzymes in animal feed and nutrition contributes to the growth of the enzymes market in the agriculture sector. Enzymes play a role in crop protection and disease management in agriculture. Enzymatic products are used to control pests, pathogens, and plant diseases in a more sustainable and eco-friendly manner. Enzymes can break down the cell walls of pests and pathogens, disrupting their life cycle and reducing their impact on crops. Enzymes also stimulate the natural defense mechanisms of plants, enhancing their resistance to diseases. The demand for enzymes for crop protection and disease management drives the growth of the enzymes market in the agriculture sector. The expansion of the agriculture sector has seen an increasing focus on sustainable farming practices. Enzymes contribute to sustainable agriculture by promoting organic farming, reducing the use of synthetic fertilizers and pesticides, and minimizing the environmental impact of agricultural practices. Enzymes aid in nutrient recycling, waste management, and reducing soil erosion. The demand for enzymes in sustainable farming practices fosters the growth of the enzymes market.
Recent Development
- In 2019, Novozymes launched Innova Fit, an enzymesolution designed for use in the brewing industry. Innova Fit helps brewersimprove beer clarity and stability by breaking down haze-forming proteins. Thisproduct allows brewers to produce high-quality, haze-free beers while reducingthe need for traditional beer clarification methods.
- In 2020, Roche launched Elecsys GGT III, a diagnostictest that measures the enzyme gamma-glutamyl transferase (GGT) in the blood.GGT is an important biomarker for liver function and can help diagnose liverdiseases, including hepatitis, alcoholic liver disease, and liver cancer. TheElecsys GGT III test provides accurate and reliable results for clinicallaboratories.
Market Segmentation
BASF SE., Novozymes A/S., DuPont Danisco Cellulosic Ethanol LLC., Novus International Inc., Associated British Foods PLC., Chr Hansen Holding A/S., Advanced Enzyme Technologies Ltd., Enzyme Development Corp., Codexis Inc., Amano Enzyme USA Co Ltd. are some of the leading players operating in Global Enzymes Market.
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028 |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | By Type By Source By Application By Region |
| Regional scope | North America; Europe; Asia Pacific; South America; Middle East & Africa |
| Country scope | United States; Canada; Mexico; France; Germany; United Kingdom; Italy; Spain; China; India; Japan; South Korea; Australia; Brazil; Argentina; Colombia; South Africa; Saudi Arabia; UAE |
| Key companies profiled | BASF SE., Novozymes A/S., DuPont Danisco Cellulosic Ethanol LLC., Novus International Inc., Associated British Foods PLC., Chr Hansen Holding A/S., Advanced Enzyme Technologies Ltd., Enzyme Development Corp., Codexis Inc., Amano Enzyme USA Co Ltd. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Report Scope
In this report, Global Enzymes market has been segmented into the following categories, in addition to the industry trends which have also been detailed below
- Enzymes Market, By Type
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- Enzymes Market, By Source
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- Enzymes Market, By Application
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- Enzymes Market, By Region
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Competitive Landscape
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