Enzymes Market Size, Share & Trends Analysis Report By Product (Carboydrases, Proteases, Lipases), By Application (Industrial, Specialty), By End Use, By Region, And Segment Forecasts, 2019 - 2025

Industry Insights

The global enzymes market size was estimated at USD 10.48 Billion in 2018 and is expected to expand at a CAGR of 8.9% over the forecast period. Increasing demand for specialty enzymes in applications such as pharmaceutical, diagnostics, research, and biotechnology is expected to be the key factor driving the growth.

Industrial enzymes are expected to gain significant growth on account their increasing application in the nutraceutical industry. Rising consumer awareness regarding health has resulted in increased consumption of functional food items, which in turn is expected to drive the demand over the projected period.

U.S. has emerged as one of the largest pharmaceutical and processed food producers in the world. The presence of several major players in the U.S. cosmetics industry including Procter & Gamble; L’Oréal; Coty Inc.; and Johnson & Johnson is expected to drive demand for enzymes in personal care and cosmetics applications over the projected period.

The product is used as a biocatalyst to accelerate biological reactions. In addition, rising product demand in food and animal feed application on account of its proteinaceous nature is expected to boost market growth. Increasing R&D activities in the food processing industry to improve food quality and to induce healthy ingredients is expected to drive demand for enzymes.

Application of the product in textile and paper manufacturing industries reduces the energy consumption as can offer superior substrate activity, which results in significant cost reduction. Rising demand in detergents and wastewater treatment application is expected to further propel the market growth over the forecast period.

Market players are expected to be benefitted on account of rising consumer acceptance from the end-user industries. However, high sensitivity of the product to pH and temperature coupled with product handling safety issues are expected to be the factors impacting the growth over the projected period.

Product Insights

On the basis of product, the enzymes market is segmented into carbohydrase, protease, lipase, and polymerases and nucleases. In North America, carbohydrase led the product segment accounting for 48.02% of the market share in 2018. Increasing use of carbohydrases as an ingredient and processing aid growth in food and beverage applications is expected to augment the market.

Demand for protease was valued at USD 2.86 million 2018, attributed to rising consumer awareness regarding nutritional benefits associated with the product. Furthermore, growth of pharmaceuticals, textile, and detergent industries in emerging economies is expected to promote the market growth over the forecast period.

Lipase is a sub-class of esterase and is used for catalytic hydrolysis of lipids or fats. It finds application in the food industry, baking, and detergents. The product also finds application in manufacturing of biofuels including biodiesel. Increasing initiatives taken by the governments across the world to support the renewable energy sector is expected to drive the market growth.

Demand for polymerases and nucleases is projected to expand at a CAGR of 8.2% by 2025. Polymerase Chain Reaction (PCR) used in research, healthcare, and forensic applications requires polymerase enzymes. Furthermore, growing product demand for the treatment of infectious diseases and tuberculosis is expected to propel the market.

Application Insights

On the basis of application, the market is segmented into industrial and specialty enzymes. In 2018, the demand for industrial enzymes was valued at USD 5.88 billion. It is expected to witness a significant growth over the forecast period owing to the rise in application of digestive and nutritional enzymes in the nutraceutical and food & beverage sector.

Specialty enzymes are particularly used for the production of pharmaceuticals, biocatalysts, diagnostic solutions, and R&D applications. These enzymes are likely to witness increased growth as compared to its counterpart owing to the rapid growth of the end-use markets. Growing product demand in therapies for chronic diseases is expected to further stimulate market growth in the forthcoming years.

End Use Insights

On the basis of end use, the industrial enzymes segment is further divided into food and beverage, detergents, animal feed, textile, paper and pulp, nutraceuticals, personal care and cosmetics, and wastewater. In 2018, the food and beverage application accounted for the highest revenue shares and is expected to witness the fastest CAGR of 9.9% from 2018 to 2025, primarily attributed to rapid growth in demand for functional food items and rising sports drinks market.

Detergents accounted for 18.1% of market share in 2018 followed by animal feed accounting for 14.4% of the revenue share. However, the animal feed industry is expected to register a higher CAGR of over 9.0% over the projected period, owing to growing adoption of enzymes to improve the nutritional values of animal feed products.

Pharmaceuticals was the dominant application of specialty enzymes accounting for 45.70% of the market share in 2018. Rapid growth of the pharmaceutical manufacturing sector in Asian countries including China, India, and Indonesia is expected to drive the growth. Stringent government regulatory framework, favoring the application in drug manufacturing is expected to be a key factor driving the growth.

Demand for specialty enzymes in research and biotechnology was valued at USD 1.43 billion in 2018 and is projected to witness a CAGR of 9.4% over the projected period. Rise in demand for medicinal drugs coupled with increasing government funding for R&D activities is expected to drive the biotechnology sector which in turn is likely to propel the product demand.

Regional Insights

The demand for industrial enzymes in the Asia Pacific was valued at 4.61 billion in 2018 on account of robust industrialization across China and India. China holds the highest market share in food and beverage, pulp and paper as well as the textile manufacturing industry, which makes it one of the largest consumers for industrial enzymes.

North America the leading market share of 37.48% in 2018 and is likely to expand at a CAGR of 9.1% from 2019 to 2025. Early product adoption, presence of robust manufacturing sector, high consumer awareness, and supportive government regulatory framework are the key factors driving the regional product demand.

Rising prevalence of diseases such as PEDV and BSE associated with red meat such as pork and bovines have forced farmers to prefer good quality feed. Furthermore, the presence of leading key food processing companies in North America such as JBF and Tyson is expected to drive product demand over the forecast period.

In 2018, Europe emerged as the second largest regional segment with a revenue of USD 2.68 billion. Growing R&D activities in the field of biotechnology and renewable energy are expected to be the prime factor driving the demand. Furthermore, rising demand for cattle feed products is likely to contribute to the regional expansion over the projected period.

Enzymes Market Share Insights

The market participants engage in backward integration for breeding suitable microorganisms that produce enzymes and for further using them for commercial scale production. Novozymes is a key market player engaging in extensive R&D for to develop the required enzyme for specific unexplored application. The company recovers enzymes post fermentation and uses excess waste materials as fertilizers.

The market displays competition in terms of distribution partnerships, technological innovations, product portfolio, strategic developments, and capabilities. Some of the key players are Danisco A/S, Royal DSM N.V., BASF SE, Chr. Hansen A/S, Enmex, Roche, Lonza Group, Adisseo, Advanced Enzymes, and Novozymes.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels, and provides an analysis on the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global enzymes market report based on product, application, end use, and region:

• Product Outlook (Revenue, USD Million, 2014 - 2025)

  • Carbohydrases

  • Proteases

  • Lipases

  • Polymerases & Nucleases

  • Others

• Application Outlook (Revenue, USD Million, 2014 - 2025)

  • Industrial Enzymes

  • Specialty Enzymes

• Industrial Enzymes End Use Outlook (Revenue, USD Million, 2014 - 2025)

  • Food & Beverage

  • Detergents

  • Animal Feed

  • Textile

  • Paper & Pulp

  • Nutraceutical

  • Personal Care & Cosmetics

  • Wastewater

• Specialty Enzymes End Use Outlook (Revenue, USD Million, 2014 - 2025)

  • Pharmaceutical

  • Research & Biotechnology

  • Diagnostics

  • Biocatalysts

• Regional Outlook (Revenue, USD Million, 2014 - 2025)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • U.K.

    • France

    • Italy

    • Sweden

    • Austria

    • Poland

    • Russia

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

    • Indonesia

    • Thailand

    • Malaysia

  • Central & South America

    • Brazil

    • Argentina

  • Middle East & Africa