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Enzymes Market Size, Share Global Analysis Report, 2022 – 2028
Enzymes Market Size, Share, Growth Analysis Report By Product Type (Industrial Enzymes, Specialty Enzymes, Source, Microorganisms, Plant, Animal), By Type (Carbohydrase’s, Amylases, Cellulases, Other Carbohydrase's), By Application (Food and Beverages, Meat Processing Products, Dairy Products, Beverages, Bakery & Confectionary, Nutraceuticals, Other Food & Beverages), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028
Industry Insights
[212+ Pages Report] According to Facts and Factors, the global enzymes market size was valued at USD 8,529.50 million in 2021 and is predicted to increase at a CAGR of 6.10% to USD 12167.9 million by 2028. The study examines the market in terms of revenue in each of the major regions, which are classified into countries.
Market Overview
Enzymes are biocatalysts that change the reaction rate and yield accurate results in biological reactions. They are proteinaceous in nature and have gathered special attention during the forecast period due to a wide range of applications. The increasing demand for bioethanol and the innovative technologies in Research and Development activities, and the rising environmental concerns are driving the growth of the market during the forecast period. The pharmaceutical industry’s increased demand for enzymes to synthesize intermediates in API development for effective pharmaceuticals is expected to enhance the Enzymes Market growth during the forecast period.
The food and beverage segment holds the largest share in the industrial enzymes market over the upcoming years. This is the fastest-growing application segment, which is mainly supported by the forever-growing global population and increasing purchasing power. Various factors are responsible for driving the growth of the global enzymes market over the upcoming years. Biotechnological, pharmaceutical, and food & beverage, as well as the biofuel industry, are reaping the benefits offered by enzymes. Moreover, rising awareness among consumers regarding health is increasing which is increasing the consumption of functional food products which is expected to derive the enzyme product demand over the upcoming years. Besides, the Absence of standardized regulatory guidelines and coordination will continue to hamper the enzyme market growth during the forecast period.
Impact of COVID - 19
The COVID-19 crisis is anticipated to have a positive impact on the enzymes market. This is owing to the increase in demand for enzymes in nutritional & immunity boost products along with rising in consumer perception of household care and a rise in in-house food consumption. Besides, the companies are presently fronting obstructions due to intermittent supply chain activities and ambiguous market conditions owing to trade restrictions and lockdowns during the forecast period. This negative impact is expected to be compensated by a surge in demand for enzymes in the food & beverages and pharmaceutical industries. Thus, the overall effect is expected to remain positive for key market players in the industry due to the increase in awareness about protective health and dietary solutions & formulations which support immune health over the entire pandemic phase.
Segmentation Analysis
The global Enzymes market is segregated based on variants, packaging, distribution channel, and region.
In terms of Products, the Industrial enzyme market holds the largest share in the market during the forecast period. Growth in the developed economies can be allocated to the growth in industrialization along with the improvement in the nutraceutical sector which is fueling the growth of the industrial enzyme market during the forecast period.
In terms of Type, Carbohydrates show lucrative growth in the market during the forecast period. This is attributed to the fact that carbohydrase is the most prominent type of enzyme used in the pharmaceutical and food industries. Therefore, commercial applications of carbohydrase in food products and detergents are expected to fuel the growth of the segment throughout the forecast period. The protease enzyme segment is the second largest revenue generator, as it is widely used for processing proteins.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 8,529.50 Million |
Projected Market Size in 2028 |
USD 12167.9 Million |
CAGR Growth Rate |
6.10% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
BASF (Germany), Novozymes (Denmark), DuPont (US), DSM (Netherlands), ABF (UK), Kerry (Ireland), Advanced Enzyme Technologies (India), CHR. Hansen (Denmark), Amano Enzyme Inc. (Japan), Augment Biosciences (India), Mega zyme (Ireland), Enzyme Supplies (UK), Creative Enzymes (US), Enzyme Solutions (US), Enzymatic Deinking Technologies (US), Biocatalysts (UK), SunOS Industry Group (China), and Others |
Key Segment |
By Product Type, Type, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Regional Landscape
The Asia Pacific region, including China, India, Indonesia, and Australia, is expected to dominate the enzyme market. The Asia Pacific has a mature market for Industrial Enzyme and is estimated to continue its dominant position over the upcoming years. The increasing population and fast developing textile industries in the Asia Pacific region are expected to fuel the demand for enzymes in the industrial sector in the upcoming years. Moreover, the increase in scope for research and development activities for enzymes is also a major reason for the growth of the industrial enzymes market in this region.
List of Key Players in the Global Enzymes Market:
- BASF (Germany)
- Novozymes (Denmark)
- DuPont (US)
- DSM (Netherlands)
- ABF (UK)
- Kerry (Ireland)
- Advanced Enzyme Technologies (India)
- CHR. Hansen (Denmark)
- Amano Enzyme Inc. (Japan)
- Augment Biosciences (India)
- Mega zyme (Ireland)
- Enzyme Supplies (UK)
- Creative Enzymes (US)
- Enzyme Solutions (US)
- Enzymatic Deinking Technologies (US)
- Biocatalysts (UK)
- SunOS Industry Group (China)
- Metagene (Finland)
- Deniker (UK)
- Tax Biosciences (India)
The Global Enzymes Market is segmented as follows:
By Product Type
- Industrial Enzymes
- Specialty Enzymes
- Source
- Microorganisms
- Plant
- Animal
By Type
- Carbohydrase’s
- Amylases
- Cellulases
- Other Carbohydrase’s (include pectinases, lactases, ananases, and pullulans)
By Application
- Food and Beverages
- Meat Processing Products
- Dairy Products
- Beverages
- Bakery & Confectionary
- Nutraceuticals
- Other Food & Beverages (isomerases, transferases, beta-lactamase, arabino xylanases, amyl glucosidases, catalases, laccases, oxidases, xylanases,)
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Content
Industry Major Market Players
- BASF (Germany)
- Novozymes (Denmark)
- DuPont (US)
- DSM (Netherlands)
- ABF (UK)
- Kerry (Ireland)
- Advanced Enzyme Technologies (India)
- CHR. Hansen (Denmark)
- Amano Enzyme Inc. (Japan)
- Augment Biosciences (India)
- Mega zyme (Ireland)
- Enzyme Supplies (UK)
- Creative Enzymes (US)
- Enzyme Solutions (US)
- Enzymatic Deinking Technologies (US)
- Biocatalysts (UK)
- SunOS Industry Group (China)
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