Enzymes Market Size, Share & Trends Analysis Report By Product (Lipases, Polymerases & Nucleases, Carbohydrase), By Type (Industrial, Specialty), By Source (Plants, Animals), By Region, And Segment Forecasts, 2022 - 2030

Report Overview

The global enzymes market size was valued at USD 11.47 billion in 2021 and is projected to expand at a compound annual growth rate (CAGR) of 6.5% from 2022 to 2030. The rising demand for food & beverage products is attributed to the increasing consumer awareness related to one’s health and is expected to positively impact the product demand during the forecast period. Enzymes are extracted from different parts of animals, including calf stomach, microorganisms, and plant materials, among others. With the emergence of advanced technologies, product manufacturers can choose their required host for production, such as transgenic plants or microorganisms.

Key companies are often using microorganisms as a host, including fungi, enzyme-producing yeast, and bacteria at a commercial level. They are utilizing eco-friendly technologies for different uses, such as product modification and enhancement of product properties. The global industry is likely to expand at a significant CAGR in the coming years. Technological advancements across the industry are considered one of the key growth-driving factors. The high product demand globally can be attributed to the growing demand for bakery and brewing applications. The product is used in the formulation of fruit juices to enhance the quality and yield of fruits.

In wine processing, it is used to maintain the clarity, color, and organoleptic attributes of wine. The rapid urbanization and growing global population largely contribute to the overall growth of the food & beverage industry; thus, positively influencing the industry growth. The growing demand for poultry and swine feed worldwide plays a key role in the industry growth. Animal feed helps in improving the overall health and well-being of swine and poultry animals. The rapidly growing animal feed market at a global level is anticipated to boost the overall industry growth during the projection period.

Type Insights

The industrial segment dominated the market with a revenue share of over 56.70% in 2021. This is attributed to the rising product demand in various end-use industries, such as food & beverage, detergent, animal feed, textile, paper & pulp, and wastewater. The growing use of detergents in industrial and household applications in the emerging economies of Brazil, China, and India are expected to drive product inclusion in detergents. They are used in the conversion of cellulosic for manufacturing cellulosic ethanol. The rate of fossil fuel depletion is rising, which is anticipated to boost the demand for biofuels, in turn, fueling the product demand.

Moreover, the growing demand for green alternatives coupled with the increasing utilization of paper in the packaging sector owing to numerous environmental issues along with the lightweight and easy use is projected to trigger the product demand in the pulp & paper processing sector. They find applications in research & biotechnology as they are extensively used in numerous end-use industries. Enzymes including anhydrase, catalase, dismutase, elastase, protease, and tyrosinase, are used in biotechnology due to their ability to carry out cells in chemical reactions. Increasing demand for medicinal drugs is further projected to boost industry growth in the coming years.

Product Insights

The carbohydrase segment dominated the industry and accounted for the largest share of more than 47.00% of the overall revenue in 2021. This is attributed to the growing demand from various end-use applications including food & beverages, animal feed, and pharmaceuticals, among others. Increasing demand for pectinases and amylases in the processing of fruit juices for liquefaction, clarification, and maceration to improve the product quantity and quality is further expected to fuel the demand during the forecast period. Protease is widely used for catalytic hydrolysis of the protein peptides further to amino acids and breakdown in numerous applications including detergents, animal feed, food, chemicals, and pharmaceutical, among others.

The escalating growth of pharmaceutical, detergent, and chemical end-use industries in emerging economies, such as China, India, and Brazil, are expected to further promote market growth during the forecast period. Lipases are used for digesting, transporting, and processing various dietary lipids including fats, oils, and triglycerides. The growing market demand for phospholipase as a biocatalyst from various end-use applications, such as agriculture, biodiesel, bioremediation, cosmetics, detergents, food, leather, nutraceuticals, and oil, is anticipated to drive the overall industry growth in the years to come.

Source Insights

The microorganisms source segment dominated the overall industry in 2021 and accounted for the maximum share of more than 85.00% of the global revenue. This high share of the segment can be attributed to the growing demand for fungi-based enzymes from a wide range of end-use applications. Fungi-based enzymes are best suited for a vegetarian diet, which, in turn, is likely to augment the product demand in the coming years. The animal source segment accounted for the second-largest share of the global revenue in 2021. Animal-based enzymes are extracted from the pancreas and stomach of cattle and swine.

These products are used for the treatment of pancreatic cancer, exocrine pancreatic insufficiency, and pancreatitis. This, in turn, is anticipated to fuel their demand in the global pharmaceutical sector during the forecast years. Plant-based enzymes are extracted from plants. Bromelain is a plant-based enzyme, derived from pineapple. The major enzymes found in plants include lipase, protease, cellulase, and amylase among others. The demand for plant-based products is growing at a significant rate on account of their ability to lower acid indigestion, heartburn, and various other digestive disorders.

Regional Insights

The North America region dominated the industry and accounted for the maximum share of more than 37.50% of the global revenue in 2021. This is attributed to the presence of various end-use manufacturers in the food & beverage, laundry detergent, personal care & cosmetics, and pharmaceuticals industries, coupled with high scope for research & development activities in major countries of the region. The Asia Pacific region is anticipated to expand at the fastest CAGR from 2022 to 2030 on account of the growing meat production, particularly in China. The demand for protease and carbohydrase is growing significantly across the country on account of rising demand from the pharmaceutical and food & beverage industries.

The increasing use of nuclease and polymerase enzymes in biotechnology applications is further projected to propel industry growth. Expanding textile and food & beverage industries are anticipated to boost the industry expansion owing to the growing population and rising income levels in emerging countries including Brazil and Columbia. In Middle East & Africa (MEA), the pharmaceutical and cosmetic industries are anticipated to grow due to various factors, such as increasing health awareness, growing disposable income, and rising demand for high-end cosmetic products, which is anticipated to stimulate the product demand in the above-mentioned industries.

Key Companies & Market Share Insights

The industry is growing at a significant rate on account of the rising consumption in various end-use applications including paper & pulp, detergents, research, biotechnology, pharmaceutical, food & beverage, and nutraceuticals, among others. Key industry players are focusing on mergers & acquisitions and joint ventures for the expansion of business. For instance, in April 2021, BASF SE collaborated with Sandoz GmbH, a subsidiary of Novartis AG, to invest in its Kundl/Schaftenau Campus in Austria. This initiative was made to increase the production capacity and enhance the product portfolio of BASF SE. Some prominent players in the global enzymes market include:

• BASF SE

• Novozymes

• DuPont Danisco

• DSM

• Novus International

• Adisseo

• Associated British Foods Plc

• Chr. Hansen Holding A/S

• Advanced Enzyme Technologies

• Lesaffre

• Enzyme Development Corp.

Enzymes Market Report Scope

Global Enzymes Market Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the global enzymes market report on the basis of type, product, source, and region:

• Type Outlook (Revenue, USD Million, 2018 - 2030)

  • Industrial Enzymes

    • Food & Beverages

    • Detergents

    • Animal Feed

    • Biofuels

    • Textiles

    • Pulp & Paper

    • Nutraceutical

    • Personal Care & Cosmetics

    • Wastewater

    • Others

  • Specialty Enzymes

    • Pharmaceutical

    • Research & Biotechnology

    • Diagnostics

    • Biocatalyst

• Product Outlook (Revenue, USD Million, 2018 - 2030)

  • Carbohydrases

  • Proteases

  • Lipases

  • Polymerases & Nucleases

  • Others

• Source Outlook (Revenue, USD Million, 2018 - 2030)

  • Plants

  • Animals

  • Microorganisms

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • 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