The global 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 biological catalysts that increase the speed of chemical reactions. Enzymes are functional foods that are in great demand due to increase in the health awareness among consumers. Enzymes play an important role in controlling or accelerating reactions and thus offer many advantages over traditional chemical processes in terms of process efficiency and sustainability. Therefore, enzymes are becoming more and more popular in industrial applications. Enzyme catalysis has been scaled up into various commercial processes such as food and beverages, textiles, detergents, paper and pulp, waste management, leather processing, biofuels, pharmaceuticals and biotechnology, and agriculture. The demand for enzymes will increase in all industries due to their highly efficient biocatalysis, product selectivity and reduced physiological and Eco toxicity. In addition, significant cost savings have been achieved by reducing the energy (temperature) used and shortening the overall manufacturing process time.
The global enzyme market is expected to grow due to the high demand for enzymes in industries such as food and dairy, personal and household care products, animal feed, textiles and pharmaceuticals. The varied application of enzymes in multiple sectors is boosting the growth of the enzymes market. Enzymes are used in various industrial applications such as food & beverages, bioethanol, detergents, textiles & leather, paper & pulp, wastewater treatment, feed, others (which include starch processing, cosmetics & personal care products, and oilfield & fine chemicals). Enzymes are also used in various specialty applications such as pharmaceuticals, research & biotechnology, diagnostics, and biocatalysts. The use of enzymes in paper & pulp is growing at a higher rate, owing to its functional benefits, and manufacturers are more inclined toward a reduction in usage of chlorine. Furthermore, the enzymatic treatment opens up the pulp matrix allowing better penetration of the bleaching chemicals and better extraction as enzymes are the best alternative to conventional, environmental-polluting chlorine and chlorine-based bleaching. The hemicellulase and lignolytic enzymes are the prominent enzymes used in the paper and pulp industry. Enzymes are also considered to be biodegradable and environment- friendly in nature, owing to which it is used in the wastewater treatment industry.
The depletion of non-renewable resources has increased the need and importance of producing biofuels with negligible environmental impact. In countries with excess agricultural capacity, ethanol produced from biomass can be used as a substitute, extender or octane booster for conventional motor fuels such as gasoline, diesel and kerosene. The increasing demand for biofuels has increased the use of enzymes such as amylases, lipases, cellulases and proteases used in biofuel production. Amylase enzymes are expected to make an important contribution to the biofuel enzyme market due to their ability to sustain over a wide range of temperatures and pH values. Asia-Pacific countries have introduced biofuel policies to promote the growth of enzymes in biofuel applications. For example, India introduced a biofuels policy in 2018, aiming to mix 20% ethanol and 5% biodiesel in the country by 2030.
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Product Type Insights
The enzyme market is divided by product type into industrial enzymes and specialty enzymes. The industrial enzyme segment is expected to grow steadily during the forecast period. In 2022, the market share of the industrial enzymes segment was around 57%. The demand for industrial enzyme is driven by increasing product use from end-use industries such as biofuels, household cleaning, pet feed, food and beverages. Also, the demand for industrial enzyme is expected to be driven by increasing demand for carbohydrases and proteases in food and beverage applications, especially in the expanding Asia-Pacific economies such as China, India, and Japan. In addition, increased industrialization and improvements in the nutraceutical sector can be attributed to growth in developed countries. Such factors have significantly increased the demand for the product.
Type Insights
Depending on type, the carbohydrase segment is expected to dominate the market in the coming years, accounting for 47% of sales in 2022. The carbohydrase segment is expected to capture the largest market share by 2030 as carbohydrates are used in various applications such as industrial processes and products, especially in the food and beverage industry. By using carbohydrase, various types of sugar syrups (glucose, fructose and invert syrup), prebiotics (galactooligosaccharides and fructooligosaccharides) and isomaltulose can be added to juices and wines. Thus, carbohydrase help to replaced sweeteners such as sucrose to improve organoleptic properties and also reduces lactose in milk.
Application Insights
The food and beverage segment is expected to account for the largest share during the forecast period. Consumers in developed regions such as North America and Europe are demanding high quality food and beverages with natural ingredients due to their growing health consciousness. This encourages market players to launch effective products to serve consumers. Additionally, the use of enzymes in the processing of packaged juices helps juice makers by maximizing the amount of juice removed from the fruit, thereby reducing waste and controlling costs. The growing demand in the soft drink segment has increased the application of enzymes in food & beverage.
Regional Insights
The North American market for enzymes is driven by its wide range of industrial applications. Technological advances have made enzymes available for a wide range of applications, including food and beverages, detergents, textiles, paper and pulp, and animal feed. The rise in obesity in the region has led to more health-conscious consumers and increased demand for natural, clean ingredients in food applications. As large companies produce new products in the market, food manufacturers are adopting new enzyme technologies for food and beverage applications to meet consumer needs. For example, in December 2020, DuPont Nutrition & Biosciences announced launched Versilk. Versilk is a clean label native enzyme designed to optimize the texture and flavor of yogurt, dairy and other fermented beverages.
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:
- 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
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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.
Global Enzymes Market: Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of various marketspaces. The key players in the markets are identified through secondary research, and their market contributions in different applications across regions and globally were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Analytics Market Research added before being presented in this report.
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