Enzymes Market (By Type: Industrial Enzymes, Specialty Enzymes; By Product: Carbohydrases, Proteases, Lipases, Polymerases & Nucleases; By Source: Plants, Animals, Microorganisms) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 � 2030

The global Enzymes market size is expected to be worth around US$ 20.88 billion by 2030, according to a new report by Vision Research Reports.

The global Enzymes market size was valued at US$ 11.60 billion in 2020 and is anticipated to grow at a CAGR of 7.5% during forecast period 2021 to 2030.

Report Coverage

Growth Factors

Growing consumer awareness regarding health has resulted in surging demand for functional food and beverage products, which is further anticipated to trigger the product demand in the coming years. Enzymes are derived from the organs of animals such as plant materials, microorganisms, and calf stomach. With the advent of different technologies including genetic engineering, enzyme manufacturers have an option to produce the necessary quantity of enzymes in selected production hosts such as transgenic plants and microorganisms. Market players are using appropriate microorganisms, such as enzyme-producing yeast, bacteria, and fungi, to produce enzymes on a commercial scale.

The demand for carbohydrase is increasing due to their extensive use as an ingredient in soft drinks. Carbohydrase is categorized into amylase, xylanase, cellulose, pectinase, and lactase. Increasing application of various types of carbohydrase in the pharmaceutical and animal feed sectors is anticipated to drive the market over the forecast period.

By Type Analysis

The industrial segment dominated the market with a revenue share of over 55.0% in 2020. This is attributed to the rising demand in various end-use industries such as food and beverages, detergent, animal feed, textile, paper and pulp, and wastewater. 

Enzymes also play a prominent role in cellulosic conversion for the production of cellulosic ethanol. The increasing rate of fossil fuel depletion, along with the growing demand for green alternatives, is projected to increase the demand for biofuels, which, in turn, is likely to drive the market over the forecast period. 

Enzymes find applications in research and biotechnology as they are further used in several end-use industries and possess health benefits. Enzymes such as protease, dismutase, elastase, anhydrase, tyrosinase, and catalase are generally used in cell biology as they help the cell in carrying out quick chemical reactions.

By Product Analysis

The carbohydrases segment dominated the market with a revenue share of over 47.0% in 2020. This is attributed to the growing demand from numerous end-use industries including animal feed, food and beverages, and pharmaceuticals. 

Protease is mainly used for protein breakdown, the catalytic hydrolysis of protein peptides to amino acids, and in various applications such as animal feed, chemicals, detergents, food, pharmaceutical, and photography.

Lipases are used for the catalytic hydrolysis of fats or lipids. They are used for transporting, digesting, and processing dietary lipids such as fats, oils, and triglycerides. 

By Source Analysis

The microorganisms segment dominated the market with a revenue share of over 80.0% in 2020. This is attributed to the increasing demand for fungi-based enzymes in numerous end-use industries. Unlike animal-based, fungi-based enzymes are suitable for a vegetarian diet and are thus anticipated to witness high growth in demand.

The animals segment is another major segment after microorganisms. Animal-based enzymes are mainly procured from the pancreas and stomach of cattle and swine. These enzymes function entirely within a restricted range of pH levels.

Plant-based enzymes are sourced from plants, for instance, bromelain is derived from pineapple and papain from papaya. Prominent enzymes found in plants include protease, lipase, cellulase, and amylase. 

By Regional Analysis

North America dominated the market with a revenue share of over 36.0% in 2020. This is attributed to a strong presence of various end-use companies in the food and beverage, pharmaceuticals, laundry detergent, and personal care and cosmetics industries, along with high scope for research and development activities in major countries of the region.

Europe is one of the major producers of medicinal, pharmaceutical, and cosmetic products. The presence of major pharmaceutical and cosmetics companies such as AstraZeneca plc, Beiersdorf, Hoffmann-La Roche Ltd., MerckKGaA, Sanofi, New Avon Company, and Unilever in the region is expected to propel the demand for enzymes.

The Asia Pacific region is expected to be a prominent market over the forecast period on account of the growing meat production, particularly in China. The demand for carbohydrase and protease is growing significantly across China on account of rising demand from the pharmaceutical and food and beverage industries. 

Key Players

• BASF SE

• Novozymes

• DuPont Danisco

• DSM

• Novus International

• Adisseo

• Associated British Foods Plc

• Chr. Hansen Holding A/S

• Advanced Enzyme Technologies

• Lesaffre

• Enzyme Development Corporation

Market Segmentation

• By Type

  • Industrial Enzymes

    • Food & Beverages

    • Detergents

    • Animal Feed

    • Biofuels

    • Textiles

    • Pulp & Paper

    • Nutraceutical

    • Personal Care & Cosmetics

    • Wastewater

    • Others

  • Specialty Enzymes

    • Pharmaceutical

    • Research & Biotechnology

    • Diagnostics

    • Biocatalyst

• By Product

  • Carbohydrases

  • Proteases

  • Lipases

  • Polymerases & Nucleases

  • Others

• By Source

  • Plants

  • Animals

  • Microorganisms

• Regional

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • U.K.

    • Germany

    • France

    • Spain

    • Italy

  • Asia Pacific

    • China

    • Japan

    • India

    • South Korea

    • Indonesia

    • Australia

  • Central & South America

    • Brazil

    • Argentina

  • Middle East & Africa

    • Saudi Arabia

    • Turkey

The Enzymes market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Enzymes market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Enzymes market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Enzymes market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Enzymes market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Enzymes capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Enzymes by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Enzymes market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Enzymes market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Enzymes market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Enzymes industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Enzymes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Enzymes market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Enzymes market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Enzymes market. These factors have benefited the growth of the global market for Enzymes. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Enzymes. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Enzymes are as follows:

• History Year: 2017-2020

• Base Year: 2021

• Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

The study objectives of this report are:

• To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
• Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• To define, describe and forecast the market by type, application and region.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends and factors driving or inhibiting the market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
• To strategically profile the key players and comprehensively analyze their growth strategies.