Enzymes Market Size, Share & Trends Analysis Report By Type (Industrial, Specialty), By Product (Carbohydrase, Proteases), By Source (Microorganisms, Animals), By Region, And Segment Forecasts, 2021 - 2028

Report Overview

The global enzymes market size was valued at USD 10.69 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.5% from 2021 to 2028. 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.

Producers have shifted to eco-friendly technologies for various purposes including the improvement in product properties and product modification. The market for enzymes is likely to expand at a robust growth rate over the forecast period. A technological breakthrough in the industry is considered one of the prime factors supporting market growth.

The growth of enzymes across the world can be attributed to the increasing demand from brewing applications and bakery products. Enzymes are used during the production of fruit juices to increase juice yields and improve the quality of fruits. In wine processing, they are used to maintain the color, clarity, and organoleptic properties of wine. Increasing global population and ongoing urbanization contribute to growth in the food and beverages sector across the world, further contributing to market growth in the near future.

The increasing demand for swine and poultry feed plays a vital role in the growth of the global feed industry. These feeds help in improving the overall health and well-being of swine and poultry animals. The animal feed industry comprises livestock that is raised through the proper use of nutrient-rich fodder. The growth of the animal feed industry across the world is expected to have a positive influence on the dynamics of the market during the forecast period.

Type Insights

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. Increasing utilization of detergents in industrial and household applications in the emerging economies of Brazil, China, and India is expected to drive the inclusion of enzymes in detergents.

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. Moreover, increasing utilization of paper in the packaging industry on account of various environmental concerns, coupled with its ease of use and lightweight, is expected to stimulate the product demand in paper and pulp processing.

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. Ascending demand for medicinal drugs, extensive research activities, and strong funding initiatives are expected to drive this sector, which, in turn, is likely to fuel the demand in the coming years.

Product Insights

The carbohydrases segment dominated the market with a revenue share of over 45.0% in 2020. This is attributed to the growing demand from numerous end-use industries including animal feed, food and beverages, and pharmaceuticals. Increasing demand for pectinases and amylases in fruit juice processing for clarification, liquefaction, and maceration to improve the quantity and quality of the product is expected to fuel the product demand over the forecast period.

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. The escalating growth of the pharmaceutical, detergent, and chemical industries in emerging economies such as China, India, and Brazil is expected to further promote market growth over the forecast period.

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. Rising demand for phospholipase as a biocatalyst in various industries including biodiesel, nutraceuticals, food, detergents, oil, bioremediation, agriculture, paper, cosmetics, and leather is anticipated to drive the market.

Source Insights

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. Furthermore, these are useful for treating pancreatic cancer, exocrine pancreatic insufficiency, and pancreatitis, which is anticipated to fuel their demand in the pharmaceutical sector.

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. Plant-based products are witnessing a notable growth in demand as they help lessen heartburn, acid indigestion, reflux, and other digestive disorders.

Regional Insights

North America dominated the market with a revenue share of over 35.0% 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 growing population, along with the rapidly developing textiles industry in the region, is expected to fuel the demand for enzymes in textile processing.

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. Polymerase and nuclease products are also anticipated to witness lucrative growth over the forecast period. This can be attributed to the significant use of these enzymes in molecular biology applications, such as recombinant DNA and polymerase chain reactions.

Expanding textile and food and beverage industries are likely to facilitate market expansion on account of the growing population and rising income levels in emerging countries, including Brazil and Columbia. Moreover, the abundance of raw materials such as sugarcane and oilseeds has attracted companies to invest in biodiesel production, which is expected to augment the demand over the forecast period. In the Middle East and Africa (MEA), the pharmaceutical and cosmetic industries are anticipated to grow due to various factors such as increasing health awareness, growing demand for luxury cosmetics, and rising disposable income, which is anticipated to stimulate the demand in the above-mentioned industries.

Key Companies & Market Share Insights

The market for enzymes has grown significantly due to their increasing consumption in numerous end-use applications such as food and beverages, paper and pulp, nutraceuticals, detergents, pharmaceutical, research, and biotechnology. The majority of the market participants have focused their research and development efforts on the development of innovative enzyme products in bulk for their use in multiple applications.

As a result, the market has witnessed several joint ventures and acquisitions. For instance, in April 2021, BASF SE decided to collaborate with Sandoz GmbH, a subsidiary of Novartis AG, to invest initsKundl/Schaftenau Campus in Austria. This move will lead to an increase in the production capacity and biotechnology and enzyme product lines 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 Corporation

Enzymes Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2017 to 2028. 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, 2017 - 2028)

  • 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, 2017 - 2028)

  • Carbohydrases

  • Proteases

  • Lipases

  • Polymerases & Nucleases

  • Others

• Source Outlook (Revenue, USD Million, 2017 - 2028)

  • Plants

  • Animals

  • Microorganisms

• Regional Outlook (Revenue, USD Million, 2017 - 2028)

  • 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