Enzymes Market Analysis, Share, Industry, Opportunities 2031

Report Description

Global Enzymes Market Outlook 2031:

The global enzymes market size was valued at USD 12.27 Billion in 2022 and is projected to reach USD 21.63 Billion by 2031, expanding at a CAGR of 6.5% during the forecast period 2023 - 2031. Enzymes are proteins that help in speeding up metabolism, or chemical reaction in bodies of humans, plants, as well as animals. All living organisms produce enzymes by themselves.

Additionally, enzymes are found in manufactured food and products. Enzymes are used in various industries such as agriculture, cosmetics, food, and pharmaceutical industries for the purpose of controlling and speed up reactions in order to quickly and accurately obtain valuable final products. Enzymes are majorly used in the production of cheese, baking bread, brewing beer, extracting fruit juices, tanning leather, and in other production processes.  

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Enzymes Market Trends, Drivers, Restraints, and Opportunities:

• Rising awareness and trend of healthy and nutritional food is boosting the market.
• Increasing demand for processed food and improving food quality in terms of taste and flavors by manufacturers is driving the market.
• Food processing platforms that offer a reduction in waste, resulting in high energy savings in the enzyme manufacturing processes are fueling the market.
• Competition among manufacturers associated with raw material and product pricing is hindering market growth.
• Stringent rules and regulations, restricted pH level, and temperature for production of enzymes are hampering the market growth.
• Continuous expansion in the use of enzymes among emerging applications and growing demand for nutraceutical products are creating opportunities in the market.
• Technological advancements and innovations with eco-friendly manufacturing processes help to create opportunities for market growth. 

Scope of Enzymes Market report:

The report on the global enzymes market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Enzymes Market Segment Insights:

Multiple uses of carbohydrase to drive the market

In terms of products, the enzymes market is segmented into protease [trypsins (API and non-API), and others, carbohydras, lipase, polymerase and nuclease, and others. The carbohydrase is further segmented into amylases, glucanases, cellulases, and others. The others segment is further split into pectinases, lactases, mannanases, and pullulanases.

The carbohydrase segment held a large share of the market in 2020 and is expected to continue to grow in the forecast period, due to its increasing usage for producing sugar and other food products as well as in detergents. The sugar is further processed to form sugar syrups (which include glucose and fructose) for use in food & beverage and pharmaceutical industries.

Carbohydras is used to produce artificial sweeteners such as isomaltulose found in wine, juices, and prebiotic products. Apart from this, the other uses of carbohydras include animal feed, paper, textile, and biofuel, which are helping the segment to grow.

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Plant segment to drive the market

On the basis of sources, the enzymes market is segregated into microorganisms, plants, and animals. The plants segment held an extensive share of the market in 2020 and is estimated to grow in the forecast period. The growth in the plant segment is attributed to emergence of advanced purification technologies.

Moreover, plant sources require less investment for producing enzymes as compared to microorganisms and animal sources, which is expected to boost the segment during the forecast period.

Transferase segment to drive the market

In terms of reactions, the enzymes market is segregated into hydrolase, oxidoreductase, transferase, lyase, and others. The transferase segment is anticipated to grow, due to its transferring property. Transferase transfers one substrate to another substrate such as acetyl, methyl, amino, and phosphoryl groups.

Moreover, transferase enzymes are involved in fructose (fructose polymer) production as food ingredients, which is beneficial for gut bacteria. These enzymes help in biosynthesis of oligosaccharides, glycoconjugates, and polysaccharides, which help the segment to grow in the anticipated time period.

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Multiple applications of specialty enzymes to drive the market

Based on applications, the enzymes market is fragmented into industrial enzymes (including food & beverages, detergents, animal feed, biofuels, textiles, pulp & paper, nutraceutical, personal care & cosmetics, wastewater, and others), and specialty enzymes (including pharmaceutical, research & biotechnology, diagnostics, and biocatalysts).

The specialty enzymes segment constituted a significant market share in 2020 and is projected to expand at a rapid rate during the forecast period. Growth of the specialty enzymes segment is associated with growing demand and adoption of products containing enzymes over petrochemicals that are hazardous to environment.

Pharmaceutical and biotechnology are the fastest growing sub-segments in the specialty enzymes segment, due to increasing use of these enzymes in drug formulation and API synthesis for treating diseases such as AIDS and cancer. Various research and development activities are helping the market to grow in the near future.

North America projected to grow at a significant rate in the forecasted period

In terms of regions, the enzymes market is split into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America constituted a significant share of the market in 2020, due to mergers and acquisitions conducted by key market players.

The market in North America is projected to expand at a significant CAGR during the forecast period, due to the presence of large players in the market, ongoing research and development activities in the region, and increasing initiatives and support by governments in promoting biofuel production such as cellulosic biofuel, biodiesel, and advanced biofuel.

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