Enzymes Market

Enzymes Market is valued at USD 10.65 billion in 2020 and is expected to reach USD 16.55 Billion by 2027 with a CAGR of 6.5% over the forecast period.

The Detailed Market intelligence report on the Enzymes Market applies the most effective of each primary and secondary analysis to weighs upon the competitive landscape and also the outstanding market players expected to dominate Enzymes Market place for the forecast 2021 – 2027.

Scope of Enzymes Market Report–

Enzymes are the molecules that speed up the rate of the chemical reactions that take place within a cell. They are very crucial for life and help in some of the most important functions in the body, such as digestion and metabolism. Enzymes are beneficial to human beings in many ways. Firstly, cellular reactions occur faster with the presence of an enzyme. Furthermore, enzymes facilitate the breakdown of food particles for energy. Proteolytic enzymes help to break down and digest protein. They are also found in certain foods and dietary supplements. Some of the best sources of enzymes are papayas and pineapples containing papain and bromelain respectively. Other sources include Ginger, asparagus, yogurt, kefir, among others. Due to the growing health-conscious population and countless benefits of enzymes in daily life.

On the basis of product, the market is categorized into carbohydrates, proteases, and lipases. The carbohydrate segment is dominating the market with USD 3.25 billion revenue as of 2018, according to research. Carbohydrase is the most popular type of enzyme used in the pharmaceutical and food industries. It is used to break down starch into sugar to improve feed quality and fauna performance. Carbohydrase includes fiber, pectinase, amylase, and lactase. The presence of these properties in this enzyme is highly in demand in the food and beverage industry. On the basis of application, the market is segmented into food & beverages, household care, bioenergy, pharmaceutical, and biotechnology. As per study, the demand for industrial enzymes has increased in recent years, valued at a total of USD 5.88 billion.

The growing demand of digestive and nutritional enzymes in the food & beverage sector is expected to propel the market during the forecast period. Specialty enzymes are being developed for the production of pharmaceuticals, biocatalysts, and diagnostic chemicals. Hence, it is likely to witness rapid growth in the end-use markets. Growing demand in therapies for acute diseases is also expected to stimulate market growth in the forthcoming years.

The regions covered in this enzymes market report are North America, Europe, Asia-Pacific, and the Rest of the World. On the basis of country level, market of clinical decision support system is subdivided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.

Enzymes Companies

Global enzymes market report covers prominent players like,

• Novozymes
• Danisco
• Dow
• BASF
• Advanced Enzymes
• Lonza Group
• AB Enzymes
• Chr. Hansen
• Roche
• ADM
• Enmex
• BBI Enzymes Ltd.
• Procter & Gamble Co
• Puratos Group
• Novus International, Inc. 
• Other

Global Enzymes Industry Segmentation:

By Product:

• Carbohydrases
• Proteases
• Lipases

By Application:

• Food & beverages
• Household care
• Bioenergy
• Pharmaceutical
• Biotechnology

Global Enzymes Market Dynamics–

Changing lifestyles and rising consumer preferences towards packaged and processed foods is majorly driving the enzymes market. The incorporation of enzymes in food products enhances the product life and prolongs the nutritional content. Increasing adoption of auxiliary chemicals for bleaching & deinking and fiber modification has created great opportunities for the market, especially, in the pulp & paper industry. Furthermore, the addition of enzymes helps to enhance the effectiveness of detergents and helps in quick removal of stains. In the healthcare sector, removal of the bloodstains becomes easy with the help of an enzyme-based detergent. Lack of standardized regulations and guidelines leading to complex situations among the manufacturers is hampering the market growth.

However, industry expansions, government initiatives to enforce taxes & subsidies on food items accompanied by the increasing trade practices between several economies across the globe will propel the market growth in the forthcoming years. For instance, North America Free Trade Agreement (NAFTA) and Trans-Pacific Partnership (TPP) encourage international trade among several countries, as per the study. Urbanization, increase in disposable income and growing health awareness are also anticipated to attract lucrative opportunities in the near future.

Global Enzymes Market Regional Analysis–

North America is dominating with a market share of 37.48% in 2018, as per research and is anticipated to continue to grow during the forecast period. New product adoption, the presence of major manufacturers such as JBF and Tyson, and supportive government framework are driving the enzymes market in the region. Rising cases of diseases associated with red meat such as pork and beef have forced the farmers to prefer good quality feed.

Europe has emerged as the second-largest region due to growing research and development activities in the field of biotechnology and renewable energy. In addition to this, growing demand for cattle feed products is expected to contribute in the regional expansion over the next few years. Expansion in the industrial sector has led to increasing in the demand for enzymes in the Asia Pacific region, especially in China and India. China is dominating in the food and beverage, pulp and paper and, textile industry, making it one of the largest consumers for industrial enzymes.

Report Analysis	Details
Historical data	2015 - 2020
Forecast Period	2021 - 2027
Market Size in 2020:	USD 10.65 billion
Base year considered	2020
Forecast Period CAGR %:	6.5%
Market Size Expected in 2027:	USD 16.55  Billion
Tables, Charts & Figures:	175
Pages	200
Enzymes Manufacturers	Novozymes, Danisco, Dow, BASF, Advanced Enzymes, Lonza Group, AB Enzymes, Chr. Hansen, Roche, ADM, Enmex, BBI Enzymes Ltd., Procter & Gamble Co, Puratos Group, Novus International, Inc., Other
Segments Covered	By Product Type, By Application
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa

Key Benefits for Global Enzymes Industry Report–

• Global Enzymes Industry report covers in-depth historical and forecast analysis.
• Global Enzymes Industry research report provides detailed information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Enzymes Manufacturers, Market opportunities, Competitive Analysis, Regional and Country levels.
• Global Enzymes Industry report helps to identify opportunities in the marketplace.
• Global Enzymes Industry report covers extensive analysis of emerging trends and competitive landscape.

Market by Regional Analysis

North America

• U.S.
• Canada

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific

• South Korea
• Japan
• China
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Colombia
• Brazil
• Argentina
• Peru
• Rest of South America

The Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA