Enzymes Market (Product Type - Industrial Enzyme, and Specialty Enzymes; Source - Microorganisms, Plants, and Animals; Type - Carbohydrases, Proteases, Liipases, Polymerases & Nucleases, and Others; Application - Food and Beverage, Feed, Pharmaceuticals, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2030

A recent report published by Infinium Global Research on enzymes market provides in-depth analysis of segments and sub-segments in the global as well as regional enzymes market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional enzymes market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global enzymes market.

Market Insight:

The global enzymes market was valued at USD 12.24 billion in 2022 and is expected to reach USD 21.75 billion in 2030, with a CAGR of 6.52% during the forecast period 2023-2030.

Enzymes are biological macromolecules that function as catalysts in living things and are essential for speeding up chemical reactions. These proteins control the rate of reaction without actively involved in the chemical processes. Enzymes are obtained from sources such as animals, plants, and microbial origins. The enzymes feature biodegradable and environment friendly nature beneficial for both health and ecosystems. Enzymes minimize environmental impact while boosting improved productivity. Their application can minimize waste production, speed up processes, use a lower amount of water and energy, and enhance the use of affordable or locally available raw materials. They are widely used across various industries such as food and beverage, animal feed nutrition, pharmaceuticals, and research biotechnology, enzymes contribute to enhancing the taste, texture, appearance, and nutritional profiles of food and beverage products. As natural processing aids, enzymes promote sustainable environmental practices and improve the overall health of consumers.

The demand for enzymes is being propelled by increased focus on eco-friendly practices and the growing use of green technology, especially in industries like wastewater treatment and biofuel production. In these applications, enzymes are essential as they support the global trend toward sustainability and the need for eco-friendly substitutes over conventional chemical processes. The utilization of enzymes contributes to reduced pollution, addressing the escalating concerns about environmental issues. Additionally, the diversification in applications drives the growth of the enzyme market. Enzymes are becoming more and more useful in biotechnology, as they are essential for protein engineering, DNA manipulation, and the manufacturing of pharmaceuticals. This diversification in applications further fuels the growth of the enzyme market. However, challenges such as the limited shelf life of certain enzymes and storage issues, due to their sensitivity to pH and temperature variations, may hamper growth of market expansion. Moreover, continuous research and development initiatives are actively addressing these concerns and resulting in the development of enzyme applications and production technologies. These efforts create promising opportunities for the enzyme market, open the door for creative solutions and emphasize the crucial part enzymes play in environmentally responsible and sustainable practices across a range of industries.

Geographically, the enzyme market is segmented into North America, Europe, Asia Pacific, and Rest of the world. North America holds the largest market share in the enzyme market. The presence of major market players focusing on new enzyme production technologies drives the growth in the region. For instance, North America-based, Novozymes launched its latest biosolution, aimed at transforming the plant-based meat experience. Vertera® ProBite is an innovative product that aims to redefine culinary choices and encourage more consumers to embrace plant-based alternatives by elevating texture. Meanwhile, the Asia Pacific Region is expected to witness the fastest growth in the upcoming forecast period. The rise in the growth of the food and beverages and textile industry propels the market growth. Several key market players are planning to extend their geographical reach, with major manufacturing companies now making significant investment into the Asia Pacific region.

Report Scope of the Enzymes Market:

Segment wise revenue contribution in the global enzymes market

The report on global enzymes market provides a detailed analysis of segments in the market based on Product Type, Source, Type, and Application.

Segmentation Based on Product Type

·       Industrial Enzyme

·       Specialty Enzymes

Segmentation Based on Source

·       Microorganisms

·       Plants

·       Animals

Segmentation Based on Type

·       Carbohydrases

·       Proteases

·       Liipases

·       Polymerases & Nucleases

·       Others

Segmentation Based on Application

·       Food and Beverage

·       Feed

·       Pharmaceuticals

·       Others

Company Profiled:

·       Novozymes

·       Advanced Enzyme Technologies

·       Chr. Hansen Holding A/S

·       DSM

·       Associated British Foods

·       BASF SE

·       Kerry Group plc

·       Roche Holdings

·       Codexis

·       Amano Enzyme

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the enzymes market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.