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Enzymes Market Size And Share, Industry Report, 2030GVR Report cover
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Enzymes Market Size, Share & Trends Analysis Report By Product (Carbohydrase, Proteases, Polymerases & Nucleases), By Type (Industrial, Specialty), By Source (Plants, Animals), By Region, And Segment Forecasts, 2024 - 2030
- Report ID: 978-1-68038-022-4
- Number of Report Pages: 140
- Format: PDF
- Historical Range: 2018 - 2023
- Forecast Period: 2024 - 2030
- Industry: Specialty & Chemicals
Market Size & Trends
The global enzymes market size was estimated at USD 60.48 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2030. The rising demand for food & beverage products is attributable to the increasing consumer awareness related to one’s health and is expected to positively impact product demand over the forecast period. Enzymes are extracted from the 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 microorganisms or plant. The key companies are often using microorganisms as a host including fungi, enzyme-producing yeast, and bacteria at a commercial level.
The key players are now using eco-friendly technologies for different uses such as product modification and enhancement of product properties. The global enzymes market is likely to expand at a significant rate in the coming years. Technological advancements across the industry are considered one of the key driving factors.
The product growth across the world can be attributed to the growing demand for brewing & bakery applications. They are used in the formulation of fruit juices to enhance the quality and yield of fruits. In wine processing, they are used to maintain the clarity, color, and organoleptic attributes of wine. The rising level of urbanization and a global population largely contribute to the overall growth of the food & beverage industry. Thus, positively influencing the industry growth over the forecast period.
The growing demand for poultry and swine feed worldwide plays a key role in the market growth of the overall feed industry. Animal feed helps in improving the health and well-being of swine and poultry animals. The increasing animal feed market at a global level is anticipated to boost the overall industry growth over the forecast period.
Fluctuations in the prices of animal-based raw materials, such as body parts of animals, is a challenge for the industry. The raw materials affect the production cost, thereby influencing the enzyme market price.
Market Concentration & Characteristics
Market growth stage is medium, and pace of the market growth is accelerating. The dominant supply of Novozymes AG, DuPont Danisco, and DSM has a significant influence on the enzymes market. Major enzyme manufacturers classify the industrial enzymes segment into investment intensive and long enzyme development cycles. Demand for superior quality specialty enzymes has increased in the market. Consequently, through a review of the supply chain, raw material suppliers and manufacturers are given considerable opportunities to provide high quality enzymes in uniform quantities.
Market is established with major applications in food & beverages, pharmaceuticals, animal feed, biotechnology, detergent, nutraceuticals, and personal care & cosmetics sectors. The market is majorly driven by increasing demand from the dairy and brewing industries. The growth in the market can also be attributed to a shift in consumer preferences with respect to processed and packaged foods due to the increasing awareness toward food security & safety.
Stringent regulatory requirements is one of the key challenges for the enzyme industry. Considering their applications in a wide array of industries, enzyme manufacturers ought to abide by varying compliance requirements to get approvals from concerned authorities. In addition, the regulations are further complicated by different submissions and requirements across various jurisdictions. Any disregard in abiding the compliance for a specific territory, can impact the trade activities of the manufacturer.
Type Insights
The industrial type dominated the market with a revenue share of over 56.0% in 2023. This is attributed to the rising utilization detergents in household & industrial applications in the emerging economies of Brazil, China, and India are expected to drive the 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 demand for the product 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 market with a revenue share of over 47.0% in 2023. This is attributed to growing demand from various end-use applications including food & beverages, animal feed, and pharmaceuticals among others. Increasing demand for pectinases and amylases and pectinases in the processing of fruit juices for liquefaction, clarification, and maceration to improve the quantity and quality of the product is expected to fuel the product demand over the forecast period.
Protease is widely used for catalytic hydrolysis of protein peptides 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 over 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 in agriculture, biodiesel, bioremediation, cosmetics, detergents, food, leather, nutraceuticals, and oil among others is anticipated to drive the overall industry growth.
Source Insights
The microorganisms source segment dominated the market with a revenue share of over 85.0% in 2023. This is attributed to the growing demand for fungi-based enzymes from various end-use applications. Fungi-based enzymes are best suited for a vegetarian diet which in turn, is likely to positively impact the product demand.
The animal source segment is another large segment after microorganisms. Animal source segment accounting for 8.4% revenue share in 2022. Animal-based enzymes are extracted from the pancreas & stomach of swine and cattle. It is used for the treatment of pancreatic cancer, exocrine pancreatic insufficiency, and pancreatitis, which is anticipated to fuel its demand in the pharmaceutical sector.
Plant-based enzymes are extracted from plants. Bromelain is a plant-based enzyme, derived from pineapple. The major enzymes found in plants are lipase, protease, cellulase, and amylase among others. The demand for plant-based products is growing at a significant rate on the account of their ability to lower acid indigestion, heartburn, acid refluxc, and various other digestive disorders.
Regional Insights
The North America regional segment dominated the market with a revenue share of over 37.0% in 2023. This is attributed to the presence of various end-use manufacturers in the coupled with high scope for research & development activities in major countries of the region.
The Asia Pacific region is anticipated to grow at an exponential rate on the account of 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 polymerase enzymes in biotechnology is further projected to propel the industry growth.
India Enzymes Market: India is a prominent consumer of food & beverage products, dietary supplements, and detergent and laundry products, which is likely to fuel the consumption of enzymes in the country. Growing consumer base and increase in government initiatives such as “Make in India” are the major driving factors for the enzymes market in India. Companies such as ITC Limited and GCMMF (Amul) announced investments in the Indian food & beverage industry because of the growing domestic demand for processed food and increasing retail sales of cosmetic products, sports drinks, and dietary supplements in sub-metro cities such as Bangalore and Pune. The aforementioned factors are expected to augment the use of enzymes in bakery, dairy, and cheese products in the coming years.
Expanding textile and food & beverage industries are anticipated to boost the market expansion owing to the growing population and rising income levels in emerging countries including Brazil and Columbia. In Middle East & Africa (MEA), pharmaceutical and cosmetic industries are anticipated to grow due to various factors such as increasing health awareness, and growing disposable income, and demand for superior quality cosmetic products, which is anticipated to stimulate the demand in the above-mentioned industries.
Key Companies & Market Share Insights
The market is growing at a significant rate on the account of the rising consumption in various end-use applications including paper & pulp, detergents, research, biotechnology, pharmaceutical, food & beverage, and nutraceuticals among others. Key market players are focusing on various mergers & acquisitions and joint ventures for the expansion of business.
Some of the key players operating in the market include Novozymes AG, DuPont Danisco, and DSM.
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Novozymes deals in industrial enzymes and microorganisms. The company discovers enzymes in nature and improves them for further use in several end-use industries such as dishwashing & laundry detergents; food & beverage sector; animal feed; and the production of biofuels. The company distributes enzymes in over 40 end-use industries, it has presence across 30 countries with production facilities in Denmark, Brazil, Argentina, China, Canada, the U.S., and India.
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Danisco was acquired by DuPont in January 2011. Food ingredients and enzymes are combined with DuPont’s business divisions, namely ‘Nutrition and Health’ and ‘Industrial Biotechnologies,’ and the company markets enzymes under the brand DuPont Danisco. Food enzymes of DuPont Danisco provide an improved nutritional profile, enhanced bio protection, lower environmental impact, greater cost efficiency, and better texture and taste.
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DSM is a global science-based company active in nutrition, healthcare, and industrial materials. The company caters its products to numerous industries such as animal nutrition & health, food & beverage, energy, medical, paints & coatings, life protection, personal care, and sports & leisure. It operates through three clusters, namely nutrition, materials, and innovation center. The company’s nutrition segment is responsible for the production and marketing of enzymes used for various applications. It serves its customers in more than 50 countries across the globe.
Key Enzymes Companies:
- BASF
- Novozymes
- DuPont Danisco
- DSM
- NOVUS International
- Associated British Foods Plc
- Chr. Hansen Holding A/S
- Advanced Enzyme Technologies
- Lesaffre
- Adisseo
Recent Developments
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The merger of Novozymes and Chr Hansen was cleared by the European Union in December 2023, which would be known as Novonesis in future. Furthermore, a definitive agreement to acquire part of the global lactase business of Chr Hansen and Novozymes has been concluded by Kerry Group on a carve-out basis. The Commission has not yet given its consent to the acquisition. It is expected to close in H1 2024.
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In December 20230, a new partnership with Ginkgo Bioworks, which is building the leading platform for cell programming and biosecurity was announced by Green Lab. Green Lan is an emerging next generation of plant biotechnology company. It will use Ginkgo Enzyme Services to identify a new enzyme of critical importance for use in this application and develop a product to degrade PFAS.
Enzymes Market Report Scope
Report Attribute
Details
Market size value in 2024
USD 13.94 billion
Revenue forecast in 2030
USD 20.31 billion
Growth rate
CAGR of 4.9% from 2024 to 2030
Historical data
2018 - 2023
Forecast period
2024 - 2030
Quantitative Units
Revenue in USD million, and CAGR from 2024 to 2030
Report coverage
Revenue forecast, competitive landscape, growth factors, and trends
Segments covered
Type, product, source, region
Regional scope
North America, Europe, Asia Pacific, Central & South America, Middle East & Africa
Country scope
U.S., Canada, Mexico, Germany, U.K., Italy, Spain, France, China, India, Japan, South Korea, Indonesia, Australia, Brazil, Argentina, Turkey, Saudi Arabia
Key companies profiled
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
Customization scope
Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options
Avail customized purchase options to meet your exact research needs. Explore purchase options
Global Enzymes Market Report Segmentation
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 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:
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Type Outlook (Revenue, USD Million, 2018 - 2030)
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Industrial Enzymes
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Food & Beverages
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Detergents
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Animal Feed
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Biofuels
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Textiles
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Pulp & Paper
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Nutraceutical
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Personal Care & Cosmetics
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Wastewater
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Others
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Specialty Enzymes
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Pharmaceutical
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Research & Biotechnology
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Diagnostics
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Biocatalyst
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Product Outlook (Revenue, USD Million, 2018 - 2030)
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Carbohydrases
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Proteases
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Lipases
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Polymerases & Nucleases
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Others
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Source Outlook (Revenue, USD Million, 2018 - 2030)
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Plants
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Animals
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Microorganisms
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Regional Outlook (Revenue, USD Million, 2018 - 2030)
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North America
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U.S.
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Canada
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Mexico
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Europe
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UK
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Germany
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France
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Spain
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Italy
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Asia Pacific
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China
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Japan
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India
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South Korea
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Indonesia
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Australia
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Central & South America
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Brazil
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Argentina
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Middle East & Africa
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Saudi Arabia
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Turkey
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Frequently Asked Questions About This Report
b. The global enzymes market size was estimated at USD 12.27 billion in 2022 and is expected to reach USD 13.11 billion in 2023.
b. The global enzymes market is expected to grow at a compound annual growth rate of 6.5% from 2023 to 2030 to reach USD 20.31 billion by 2030.
b. North America dominated the enzymes market with a share of 37.6% in 2022. This is attributable to increasing demand from the pharmaceutical and biotechnology sector in the U.S.
b. Some key players operating in the enzymes market include Novozymes, DuPont, DSM; Amano Enzyme Inc., and Lonza Group among others
b. Key factors that are driving the enzymes market growth include increasing demand for industrial and specialty enzymes from the food & beverage pharmaceutical and animal feed sector.
Table of Contents
Chapter 1. Enzymes Market: Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Enzymes Market: Executive Summary
2.1. Market Insights
2.2. Segmental Outlook
2.3. Competitive Outlook
Chapter 3. Enzymes Market: Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.2.1. Raw Material Trends
3.2.2. Sales Channel Analysis
3.2.3. Manufacturing/Technology Overview
3.3. Regulatory Framework
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Opportunity Analysis
3.5. Porter’s Five Forces Analysis
3.5.1. Supplier Power
3.5.2. Buyer Power
3.5.3. Substitution Threat
3.5.4. Threat from New Entrant
3.5.5. Competitive Rivalry
3.6. PESTEL Analysis
3.6.1. Political Landscape
3.6.2. Economic Landscape
3.6.3. Social Landscape
3.6.4. Technological Landscape
3.6.5. Environmental Landscape
3.6.6. Legal Landscape
Chapter 4. Enzymes Market: Ingredient Type Outlook Estimates & Forecasts
4.1. Enzymes Market: Ingredient Type Movement Analysis, 2023 & 2030
4.2. Industrial Enzymes
4.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.2.2. Food & Beverages
4.2.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.2.3. Detergents
4.2.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.2.4. Animal Feed
4.2.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.2.5. Biofuels
4.2.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.2.6. Textiles
4.2.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.2.7. Pulp & Paper
4.2.7.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.2.8. Nutraceutical
4.2.8.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.2.9. Personal Care & Cosmetics
4.2.9.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.2.10. Wastewater
4.2.10.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.2.11. Other Applications
4.2.11.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.3. Specialty Enzymes
4.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.3.2. Pharmaceutical
4.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.3.3. Research & Biotechnology
4.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.3.4. Diagnostics
4.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.3.5. Biocatalysts
4.3.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
4.3.6. Other Applications
4.3.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 5. Enzymes Market: Product Outlook Estimates & Forecasts
5.1. Enzymes Market: Product Movement Analysis, 2023 & 2030
5.2. Carbohydrases
5.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
5.3. Proteases
5.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
5.4. Lipases
5.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
5.5. Polymerases & Nucleases
5.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
5.6. Other Products
5.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 6. Enzymes Market: Source Outlook Estimates & Forecasts
6.1. Enzymes Market: Source Movement Analysis, 2023 & 2030
6.2. Plants
6.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
6.3. Animals
6.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
6.4. Microorganisms
6.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 7. Enzymes Market Regional Outlook Estimates & Forecasts
7.1. Regional Snapshot
7.2. Enzymes Market: Regional Movement Analysis, 2023 & 2030
7.3. North America
7.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
7.3.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
7.3.3. Market estimates and forecast, by product, 2018 - 2030 (USD Million)
7.3.4. Market estimates and forecast, by source, 2018 - 2030 (USD Million)
7.3.5. U.S.
7.3.5.1. Key Country Dynamics
7.3.5.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.3.5.3. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
7.3.5.4. Market estimates and forecast, by product, 2018 - 2030 (USD Million)
7.3.5.5. Market estimates and forecast, by source, 2018 - 2030 (USD Million)
7.3.6. Canada
7.3.6.1. Key Country Dynamics
7.3.6.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.3.6.3. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
7.3.6.4. Market estimates and forecast, by product, 2018 - 2030 (USD Million)
7.3.6.5. Market estimates and forecast, by source, 2018 - 2030 (USD Million)
7.3.7. Mexico
7.3.7.1. Key Country Dynamics
7.3.7.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.3.7.3. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
7.3.7.4. Market estimates and forecast, by product, 2018 - 2030 (USD Million)
7.3.7.5. Market estimates and forecast, by source, 2018 - 2030 (USD Million)
7.4. Europe
7.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
7.4.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
7.4.3. Market estimates and forecast, by product, 2018 - 2030 (USD Million)
7.4.4. Market estimates and forecast, by source, 2018 - 2030 (USD Million)
7.4.5. Germany
7.4.5.1. Key Country Dynamics
7.4.5.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.4.5.3. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
7.4.5.4. Market estimates and forecast, by product, 2018 - 2030 (USD Million)
7.4.5.5. Market estimates and forecast, by source, 2018 - 2030 (USD Million)
7.4.6. France
7.4.6.1. Key Country Dynamics
7.4.6.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.4.6.3. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
7.4.6.4. Market estimates and forecast, by product, 2018 - 2030 (USD Million)
7.4.6.5. Market estimates and forecast, by source, 2018 - 2030 (USD Million)
7.4.7. Spain
7.4.7.1. Key Country Dynamics
7.4.7.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.4.7.3. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
7.4.7.4. Market estimates and forecast, by product, 2018 - 2030 (USD Million)
7.4.7.5. Market estimates and forecast, by source, 2018 - 2030 (USD Million)
7.4.8. Italy
7.4.8.1. Key Country Dynamics
7.4.8.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.4.8.3. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
7.4.8.4. Market estimates and forecast, by product, 2018 - 2030 (USD Million)
7.4.8.5. Market estimates and forecast, by source, 2018 - 2030 (USD Million)
7.5. Asia Pacific
7.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
7.5.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
7.5.3. Market estimates and forecast, by product, 2018 - 2030 (USD Million)
7.5.4. Market estimates and forecast, by source, 2018 - 2030 (USD Million)
7.5.5. China
7.5.5.1. Key Country Dynamics
7.5.5.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.5.5.3. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
7.5.5.4. Market estimates and forecast, by product, 2018 - 2030 (USD Million)
7.5.5.5. Market estimates and forecast, by source, 2018 - 2030 (USD Million)
7.5.6. Japan
7.5.6.1. Key Country Dynamics
7.5.6.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.5.6.3. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
7.5.6.4. Market estimates and forecast, by product, 2018 - 2030 (USD Million)
7.5.6.5. Market estimates and forecast, by source, 2018 - 2030 (USD Million)
7.5.7. India
7.5.7.1. Key Country Dynamics
7.5.7.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.5.7.3. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
7.5.7.4. Market estimates and forecast, by product, 2018 - 2030 (USD Million)
7.5.7.5. Market estimates and forecast, by source, 2018 - 2030 (USD Million)
7.5.8. Indonesia
7.5.8.1. Key Country Dynamics
7.5.8.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.5.8.3. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
7.5.8.4. Market estimates and forecast, by product, 2018 - 2030 (USD Million)
7.5.8.5. Market estimates and forecast, by source, 2018 - 2030 (USD Million)
7.5.9. South Korea
7.5.9.1. Key Country Dynamics
7.5.9.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.5.9.3. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
7.5.9.4. Market estimates and forecast, by product, 2018 - 2030 (USD Million)
7.5.9.5. Market estimates and forecast, by source, 2018 - 2030 (USD Million)
7.6. Central & South America
7.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
7.6.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
7.6.3. Market estimates and forecast, by product, 2018 - 2030 (USD Million)
7.6.4. Market estimates and forecast, by source, 2018 - 2030 (USD Million)
7.6.5. Brazil
7.6.5.1. Key Country Dynamics
7.6.5.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.6.5.3. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
7.6.5.4. Market estimates and forecast, by product, 2018 - 2030 (USD Million)
7.6.5.5. Market estimates and forecast, by source, 2018 - 2030 (USD Million)
7.6.6. Argentina
7.6.6.1. Key Country Dynamics
7.6.6.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.6.6.3. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
7.6.6.4. Market estimates and forecast, by product, 2018 - 2030 (USD Million)
7.6.6.5. Market estimates and forecast, by source, 2018 - 2030 (USD Million)
7.7. Middle East & Africa
7.7.1. Market estimates and forecast, 2018 - 2030 (USD Million)
7.7.2. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
7.7.3. Market estimates and forecast, by product, 2018 - 2030 (USD Million)
7.7.4. Market estimates and forecast, by source, 2018 - 2030 (USD Million)
7.7.5. Saudi Arabia
7.7.5.1. Key Country Dynamics
7.7.5.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.7.5.3. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
7.7.5.4. Market estimates and forecast, by product, 2018 - 2030 (USD Million)
7.7.5.5. Market estimates and forecast, by source, 2018 - 2030 (USD Million)
7.7.6. Turkey
7.7.6.1. Key Country Dynamics
7.7.6.2. Market estimates and forecast, 2018 - 2030 (USD Million)
7.7.6.3. Market estimates and forecast, by type, 2018 - 2030 (USD Million)
7.7.6.4. Market estimates and forecast, by product, 2018 - 2030 (USD Million)
7.7.6.5. Market estimates and forecast, by source, 2018 - 2030 (USD Million)
Chapter 8 Competitive Landscape
8.1. Competitive Heat Map Analysis
8.2. Key Company Categorization
8.3. Company Market Share
8.4. Strategy Mapping
8.5 Recent Developments & Impact Analysis, By Key Market Participants
Chapter 9. Company Profiles/Listing
9.1.1. BASF SE
9.1.1.1. Company Overview
9.1.1.2. Financial Performance
9.1.1.3. Product Benchmarking
9.1.2. Novozymes
9.1.2.1. Company Overview
9.1.2.2. Financial Performance
9.1.2.3. Product Benchmarking
9.1.3. Dupont Danisco
9.1.3.1. Company Overview
9.1.3.2. Financial Performance
9.1.3.3. Product Benchmarking
9.1.4. Dsm
9.1.4.1. Company Overview
9.1.4.2. Financial Performance
9.1.4.3. Product Benchmarking
9.1.5. Novus International
9.1.5.1. Company Overview
9.1.5.2. Financial Performance
9.1.5.3. Product Benchmarking
9.1.6. Associated British Foods Plc
9.1.6.1. Company Overview
9.1.6.2. Financial Performance
9.1.6.3. Product Benchmarking
9.1.7. Chr. Hansen Holding A/S
9.1.7.1. Company Overview
9.1.7.2. Financial Performance
9.1.7.3. Product Benchmarking
9.1.8. Advanced Enzyme Technologies
9.1.8.1. Company Overview
9.1.8.2. Financial Performance
9.1.8.3. Product Benchmarking
9.1.9. Lesaffre
9.1.9.1. Company Overview
9.1.9.2. Financial Performance
9.1.9.3. Product Benchmarking
9.1.10. Adisseo
9.1.10.1. Company Overview
9.1.10.2. Financial Performance
9.1.10.3. Product Benchmarking
9.1.11. Enzyme Development Corporation
9.1.11.1. Company Overview
9.1.11.2. Financial Performance
9.1.11.3. Product Benchmarking
List of Tables
Table 1 Global enzymes market revenue estimates & forecasts, by type, 2018 - 2030 (USD Million)
Table 2 Global industrial enzymes market revenue estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 3 Global specialty enzymes market revenue estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 4 Global Enzymes market revenue estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 5 Global Enzymes market revenue estimates & forecasts, by end-use, 2018 - 2030 (USD Million)
Table 6 Global Enzymes market revenue estimates & forecasts, by region, 2018 - 2030 (USD Million)
Table 7 North America Enzymes market revenue estimates & forecasts, by type, 2018 - 2030 (USD Million)
Table 8 North America Industrial Enzymes market revenue estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 9 North America Specialty Enzymes market revenue estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 10 North America Enzymes market revenue estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 11 North America Enzymes market revenue estimates & forecasts, by source, 2018 - 2030 (USD Million)
Table 12 U.S. Enzymes market revenue estimates & forecasts, by type, 2018 - 2030 (USD Million)
Table 13 U.S. Industrial Enzymes market revenue estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 14 U.S. Specialty Enzymes market revenue estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 15 U.S. Enzymes market revenue estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 16 U.S. Enzymes market revenue estimates & forecasts, by source, 2018 - 2030 (USD Million)
Table 17 Canada Enzymes market revenue estimates & forecasts, by type, 2018 - 2030 (USD Million)
Table 18 Canada Industrial Enzymes market revenue estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 19 Canada Specialty Enzymes market revenue estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 20 Canada Enzymes market revenue estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 21 Canada Enzymes market revenue estimates & forecasts, by source, 2018 - 2030 (USD Million)
Table 22 Mexico Enzymes market revenue estimates & forecasts, by type, 2018 - 2030 (USD Million)
Table 23 Mexico Industrial Enzymes market revenue estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 24 Mexico Specialty Enzymes market revenue estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 25 Mexico Enzymes market revenue estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 26 Mexico Enzymes market revenue estimates & forecasts, by source, 2018 - 2030 (USD Million)
Table 27 Europe Enzymes market revenue estimates & forecasts, by type, 2018 - 2030 (USD Million)
Table 28 Europe Industrial Enzymes market revenue estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 29 Europe Specialty Enzymes market revenue estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 30 Europe Enzymes market revenue estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 31 Europe Enzymes market revenue estimates & forecasts, by source, 2018 - 2030 (USD Million)
Table 32 UK Enzymes market revenue estimates & forecasts, by type, 2018 - 2030 (USD Million)
Table 33 UK Industrial Enzymes market revenue estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 34 UK Specialty Enzymes market revenue estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 35 UK Enzymes market revenue estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 36 UK Enzymes market revenue estimates & forecasts, by source, 2018 - 2030 (USD Million)
Table 37 Germany Enzymes market revenue estimates & forecasts, by type, 2018 - 2030 (USD Million)
Table 38 Germany Industrial Enzymes market revenue estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 39 Germany Specialty Enzymes market revenue estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 40 Germany Enzymes market revenue estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 41 Germany Enzymes market revenue estimates & forecasts, by source, 2018 - 2030 (USD Million)
Table 42 France Enzymes market revenue estimates & forecasts, by type, 2018 - 2030 (USD Million)
Table 43 France Industrial Enzymes market revenue estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 44 France Specialty Enzymes market revenue estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 45 France Enzymes market revenue estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 46 France Enzymes market revenue estimates & forecasts, by source, 2018 - 2030 (USD Million)
Table 47 Spain Enzymes market revenue estimates & forecasts, by type, 2018 - 2030 (USD Million)
Table 48 Spain Industrial Enzymes market revenue estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 49 Spain Specialty Enzymes market revenue estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 50 Spain Enzymes market revenue estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 51 Spain Enzymes market revenue estimates & forecasts, by source, 2018 - 2030 (USD Million)
Table 52 Italy Enzymes market revenue estimates & forecasts, by type, 2018 - 2030 (USD Million)
Table 53 Italy Industrial Enzymes market revenue estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 54 Italy Specialty Enzymes market revenue estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 55 Italy Enzymes market revenue estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 56 Italy Enzymes market revenue estimates & forecasts, by source, 2018 - 2030 (USD Million)
Table 57 Asia Pacific Enzymes market revenue estimates & forecasts, by type, 2018 - 2030 (USD Million)
Table 58 Asia Pacific Industrial Enzymes market revenue estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 59 Asia Pacific Specialty Enzymes market revenue estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 60 Asia Pacific Enzymes market revenue estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 61 Asia Pacific Enzymes market revenue estimates & forecasts, by source, 2018 - 2030 (USD Million)
Table 62 China Enzymes market revenue estimates & forecasts, by type, 2018 - 2030 (USD Million)
Table 63 China Industrial Enzymes market revenue estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 64 China Specialty Enzymes market revenue estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 65 China Enzymes market revenue estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 66 China Enzymes market revenue estimates & forecasts, by source, 2018 - 2030 (USD Million)
Table 67 Japan Enzymes market revenue estimates & forecasts, by type, 2018 - 2030 (USD Million)
Table 68 Japan Industrial Enzymes market revenue estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 69 Japan Specialty Enzymes market revenue estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 70 Japan Enzymes market revenue estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 71 Japan Enzymes market revenue estimates & forecasts, by source, 2018 - 2030 (USD Million)
Table 72 India Enzymes market revenue estimates & forecasts, by type, 2018 - 2030 (USD Million)
Table 73 India Industrial Enzymes market revenue estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 74 India Specialty Enzymes market revenue estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 75 India Enzymes market revenue estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 76 India Enzymes market revenue estimates & forecasts, by source, 2018 - 2030 (USD Million)
Table 77 South Korea Enzymes market revenue estimates & forecasts, by type, 2018 - 2030 (USD Million)
Table 78 South Korea Industrial Enzymes market revenue estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 79 South Korea Specialty Enzymes market revenue estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 80 South Korea Enzymes market revenue estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 81 South Korea Enzymes market revenue estimates & forecasts, by source, 2018 - 2030 (USD Million)
Table 82 Indonesia Enzymes market revenue estimates & forecasts, by type, 2018 - 2030 (USD Million)
Table 83 Indonesia Industrial Enzymes market revenue estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 84 sIndonesia Specialty Enzymes market revenue estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 85 Indonesia Enzymes market revenue estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 86 Indonesia Enzymes market revenue estimates & forecasts, by source, 2018 - 2030 (USD Million)
Table 87 Australia Enzymes market revenue estimates & forecasts, by type, 2018 - 2030 (USD Million)
Table 88 Australia Industrial Enzymes market revenue estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 89 Australia Specialty Enzymes market revenue estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 90 Australia Enzymes market revenue estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 91 Australia Enzymes market revenue estimates & forecasts, by source, 2018 - 2030 (USD Million)
Table 92 Central & South America Enzymes market revenue estimates & forecasts, by type, 2018 - 2030 (USD Million)
Table 93 Central & South America Industrial Enzymes market revenue estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 94 Central & South America Specialty Enzymes market revenue estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 95 Central & South America Enzymes market revenue estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 96 Central & South America Enzymes market revenue estimates & forecasts, by source, 2018 - 2030 (USD Million)
Table 97 Brazil Enzymes market revenue estimates & forecasts, by type, 2018 - 2030 (USD Million)
Table 98 Brazil Industrial Enzymes market revenue estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 99 Brazil Specialty Enzymes market revenue estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 100 Brazil Enzymes market revenue estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 101 Brazil Enzymes market revenue estimates & forecasts, by source, 2018 - 2030 (USD Million)
Table 102 Argentina Enzymes market revenue estimates & forecasts, by type, 2018 - 2030 (USD Million)
Table 103 Argentina Industrial Enzymes market revenue estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 104 Argentina Specialty Enzymes market revenue estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 105 Argentina Enzymes market revenue estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 106 Argentina Enzymes market revenue estimates & forecasts, by source, 2018 - 2030 (USD Million)
Table 107 Middle East & Africa Enzymes market revenue estimates & forecasts, by type, 2018 - 2030 (USD Million)
Table 108 Middle East & Africa Industrial Enzymes market revenue estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 109 Middle East & Africa Specialty Enzymes market revenue estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 110 Middle East & Africa Enzymes market revenue estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 111 Middle East & Africa Enzymes market revenue estimates & forecasts, by source, 2018 - 2030 (USD Million)
Table 112 Saudi Arabia Enzymes market revenue estimates & forecasts, by type, 2018 - 2030 (USD Million)
Table 113 Saudi Arabia Industrial Enzymes market revenue estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 114 Saudi Arabia Specialty Enzymes market revenue estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 115 Saudi Arabia Enzymes market revenue estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 116 Saudi Arabia Enzymes market revenue estimates & forecasts, by source, 2018 - 2030 (USD Million)
Table 117 Turkey Enzymes market revenue estimates & forecasts, by type, 2018 - 2030 (USD Million)
Table 118 Turkey Industrial Enzymes market revenue estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 119 Turkey Specialty Enzymes market revenue estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 120 Turkey Enzymes market revenue estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 121 Turkey Enzymes market revenue estimates & forecasts, by source, 2018 - 2030 (USD Million)
Table 122 South Europe feed enzymes market revenue estimates & forecasts, by application, 2018 - 2030 (USD Million)
Table 123 South Europe feed enzymes market revenue estimates & forecasts, by product, 2018 - 2030 (USD Million)
Table 124 South Europe feed enzymes market revenue estimates & forecasts, by form, 2018 - 2030 (USD Million)
Table 125 South Europe feed enzymes market revenue estimates & forecasts, by region, 2018 - 2030 (USD Million)
List of Figures
Fig. 1 Enzymes market segmentation
Fig. 2 Information procurement
Fig. 3 Data analysis models
Fig. 4 Market formulation and validation
Fig. 5 Data validating & publishing
Fig. 6 Enzymes market outlook
Fig. 7 Global Enzymes Market Size, 2018 - 2030 (USD Million)
Fig. 8 Enzymes market revenue by type, 2022 & 2030 (USD Million)
Fig. 9 Enzymes market revenue by product, 2022 & 2030 (USD Million)
Fig. 10 Enzymes market revenue by source, 2022 & 2030 (USD Million)
Fig. 11 Enzymes market revenue by region, 2022 & 2030 (USD Million)
Fig. 12 South Europe Feed Enzymes market revenue, by application, 2022 & 2030 (USD Million)
Fig. 13 South Europe Feed Enzymes market revenue, by product, 2022 & 2030 (USD Million)
Fig. 14 South Europe Feed Enzymes market revenue, by form, 2022 & 2030 (USD Million)
Fig. 15 South Europe Feed Enzymes market revenue, by region, 2022 & 2030 (USD Million)
Fig. 16 Enzymes market - Key company categorization
Fig. 17 Enzymes market - Strategy FrameworkMarket Segmentation
- Enzymes 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
- Biocatalysts
- Others
- Industrial Enzymes
- Enzymes Product Outlook (Revenue, USD Million, 2018 - 2030)
- Carbohydrases
- Proteases
- Lipases
- Polymerases & Nucleases
- Others
- Enzymes Source Outlook (Revenue, USD Million, 2018 - 2030)
- Plants
- Animals
- Microorganisms
- Enzymes Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- North America Enzymes Market, 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
- Biocatalysts
- Others
- Industrial Enzymes
- North America Enzymes Market, by Product
- Carbohydrases
- Proteases
- Lipases
- Polymerases & Nucleases
- Others
- North America Enzymes Market, by Source
- Plants
- Animals
- Microorganisms
- U.S.
- U.S. Enzymes Market, 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
- Biocatalysts
- Others
- Industrial Enzymes
- U.S. Enzymes Market, by Product
- Carbohydrases
- Proteases
- Lipases
- Polymerases & Nucleases
- Others
- U.S. Enzymes Market, by Source
- Plants
- Animals
- Microorganisms
- U.S. Enzymes Market, by Type
- Canada
- Canada Enzymes Market, 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
- Biocatalysts
- Others
- Industrial Enzymes
- Canada Enzymes Market, by Product
- Carbohydrases
- Proteases
- Lipases
- Polymerases & Nucleases
- Others
- Canada Enzymes Market, by Source
- Plants
- Animals
- Microorganisms
- Canada Enzymes Market, by Type
- Mexico
- Mexico Enzymes Market, 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
- Biocatalysts
- Others
- Industrial Enzymes
- Mexico Enzymes Market, by Product
- Carbohydrases
- Proteases
- Lipases
- Polymerases & Nucleases
- Others
- Mexico Enzymes Market, by Source
- Plants
- Animals
- Microorganisms
- Mexico Enzymes Market, by Type
- North America Enzymes Market, by Type
- Europe
- Europe Enzymes Market, 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
- Biocatalysts
- Others
- Industrial Enzymes
- Europe Enzymes Market, by Product
- Carbohydrases
- Proteases
- Lipases
- Polymerases & Nucleases
- Others
- Europe Enzymes Market, by Source
- Plants
- Animals
- Microorganisms
- U.K.
- UK Enzymes Market, 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
- Biocatalysts
- Others
- Industrial Enzymes
- UK Enzymes Market, by Product
- Carbohydrases
- Proteases
- Lipases
- Polymerases & Nucleases
- Others
- UK Enzymes Market, by Source
- Plants
- Animals
- Microorganisms
- UK Enzymes Market, by Type
- Germany
- Germany Enzymes Market, 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
- Biocatalysts
- Others
- Industrial Enzymes
- Germany Enzymes Market, by Product
- Carbohydrases
- Proteases
- Lipases
- Polymerases & Nucleases
- Others
- Germany Enzymes Market, by Source
- Plants
- Animals
- Microorganisms
- Germany Enzymes Market, by Type
- France
- France Enzymes Market, 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
- Biocatalysts
- Others
- Industrial Enzymes
- France Enzymes Market, by Product
- Carbohydrases
- Proteases
- Lipases
- Polymerases & Nucleases
- Others
- France Enzymes Market, by Source
- Plants
- Animals
- Microorganisms
- France Enzymes Market, by Type
- Spain
- Spain Enzymes Market, 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
- Biocatalysts
- Others
- Industrial Enzymes
- Spain Enzymes Market, by Product
- Carbohydrases
- Proteases
- Lipases
- Polymerases & Nucleases
- Others
- Spain Enzymes Market, by Source
- Plants
- Animals
- Microorganisms
- Spain Enzymes Market, by Type
- Italy
- Italy Enzymes Market, 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
- Biocatalysts
- Others
- Industrial Enzymes
- Italy Enzymes Market, by Product
- Carbohydrases
- Proteases
- Lipases
- Polymerases & Nucleases
- Others
- Italy Enzymes Market, by Source
- Plants
- Animals
- Microorganisms
- Italy Enzymes Market, by Type
- Europe Enzymes Market, by Type
- Asia Pacific
- Asia Pacific Enzymes Market, 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
- Biocatalysts
- Others
- Industrial Enzymes
- Asia Pacific Enzymes Market, by Product
- Carbohydrases
- Proteases
- Lipases
- Polymerases & Nucleases
- Others
- Asia Pacific Enzymes Market, by Source
- Plants
- Animals
- Microorganisms
- China
- China Enzymes Market, 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
- Biocatalysts
- Others
- Industrial Enzymes
- China Enzymes Market, by Product
- Carbohydrases
- Proteases
- Lipases
- Polymerases & Nucleases
- Others
- China Enzymes Market, by Source
- Plants
- Animals
- Microorganisms
- China Enzymes Market, by Type
- Japan
- Japan Enzymes Market, 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
- Biocatalysts
- Others
- Industrial Enzymes
- Japan Enzymes Market, by Product
- Carbohydrases
- Proteases
- Lipases
- Polymerases & Nucleases
- Others
- Japan Enzymes Market, by Source
- Plants
- Animals
- Microorganisms
- Japan Enzymes Market, by Type
- India
- India Enzymes Market, 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
- Biocatalysts
- Others
- Industrial Enzymes
- India Enzymes Market, by Product
- Carbohydrases
- Proteases
- Lipases
- Polymerases & Nucleases
- Others
- India Enzymes Market, by Source
- Plants
- Animals
- Microorganisms
- India Enzymes Market, by Type
- South Korea
- South Korea Enzymes Market, 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
- Biocatalysts
- Others
- Industrial Enzymes
- South Korea Enzymes Market, by Product
- Carbohydrases
- Proteases
- Lipases
- Polymerases & Nucleases
- Others
- South Korea Enzymes Market, by Source
- Plants
- Animals
- Microorganisms
- South Korea Enzymes Market, by Type
- Indonesia
- Indonesia Enzymes Market, 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
- Biocatalysts
- Others
- Industrial Enzymes
- Indonesia Enzymes Market, by Product
- Carbohydrases
- Proteases
- Lipases
- Polymerases & Nucleases
- Others
- Indonesia Enzymes Market, by Source
- Plants
- Animals
- Microorganisms
- Indonesia Enzymes Market, by Type
- Australia
- Australia Enzymes Market, 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
- Biocatalysts
- Others
- Industrial Enzymes
- Australia Enzymes Market, by Product
- Carbohydrases
- Proteases
- Lipases
- Polymerases & Nucleases
- Others
- Australia Enzymes Market, by Source
- Plants
- Animals
- Microorganisms
- Australia Enzymes Market, by Type
- Asia Pacific Enzymes Market, by Type
- Central & South America
- Central & South America Enzymes Market, 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
- Biocatalysts
- Others
- Industrial Enzymes
- Central & South America Enzymes Market, by Product
- Carbohydrases
- Proteases
- Lipases
- Polymerases & Nucleases
- Others
- Central & South America Enzymes Market, by Source
- Plants
- Animals
- Microorganisms
- Others
- Brazil
- Brazil Enzymes Market, 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
- Biocatalysts
- Others
- Industrial Enzymes
- Brazil Enzymes Market, by Product
- Carbohydrases
- Proteases
- Lipases
- Polymerases & Nucleases
- Others
- Brazil Enzymes Market, by Source
- Plants
- Animals
- Microorganisms
- Brazil Enzymes Market, by Type
- Argentina
- Argentina Enzymes Market, 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
- Biocatalysts
- Others
- Industrial Enzymes
- Argentina Enzymes Market, by Product
- Carbohydrases
- Proteases
- Lipases
- Polymerases & Nucleases
- Others
- Argentina Enzymes Market, by Source
- Plants
- Animals
- Microorganisms
- Argentina Enzymes Market, by Type
- Central & South America Enzymes Market, by Type
- Middle East & Africa
- Middle East & Africa Enzymes Market, 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
- Biocatalysts
- Others
- Industrial Enzymes
- Middle East & Africa Enzymes Market, by Product
- Carbohydrases
- Proteases
- Lipases
- Polymerases & Nucleases
- Others
- Middle East & Africa Enzymes Market, by Source
- Plants
- Animals
- Microorganisms
- Others
- Saudi Arabia
- Saudi Arabia Enzymes Market, 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
- Biocatalysts
- Others
- Industrial Enzymes
- Saudi Arabia Enzymes Market, by Product
- Carbohydrases
- Proteases
- Lipases
- Polymerases & Nucleases
- Others
- Saudi Arabia Enzymes Market, by Source
- Plants
- Animals
- Microorganisms
- Saudi Arabia Enzymes Market, by Type
- Turkey
- Turkey Enzymes Market, 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
- Biocatalysts
- Others
- Industrial Enzymes
- Turkey Enzymes Market, by Product
- Carbohydrases
- Proteases
- Lipases
- Polymerases & Nucleases
- Others
- Turkey Enzymes Market, by Source
- Plants
- Animals
- Microorganisms
- Turkey Enzymes Market, by Type
- Middle East & Africa Enzymes Market, by Type
- North America
Enzymes Market Dynamics
Driver: Increasing global consumption of food and beverages
Enzymes are majorly utilized in food & beverages industry to improve the product quality and enhance their shelf life. They are used in food & beverages industry in baking and brewing applications, as well as in dairy products, starch, and sugar, which are extensively consumed by humans daily. In baking applications, enzymes are used to provide specific properties to flour or dough. In biscuits and crackers, the use of enzymes helps lower the protein content of flour while their use in bread improves or standardizes its quality and ensures its uniform browning. The global market’s growth can be attributed to the increasing demand for enzymes in the brewing applications and bakery products. Enzymes are used during the production of fruit juices to increase juice yields and improve the quality of fruits. Increasing global population is a key factor responsible for the growth of food & beverages industry, which can be attributed to the enzymes industry’s growth.
Driver: Growing demand for animal feed across the world
The increasing demand for swine and poultry feed plays a vital role in the growth of the global feed industry. These feeds help improve 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 for enzymes during the forecast period. Enzymes are used as feed additives in the animal feed industry. Phytase, protease, and carbohydrase are extensively consumed in animal feed industry.
Restraint: Stringent implantation of regulations
The presence of strict regulations for the use of enzymes in numerous end-use applications in various countries, such as the U.S., Canada, Australia, Germany, the UK, and France can hinder the market growth. Regulations related to enzymes used in chemicals differ from those used in food, feed, and personal care products, and medicines. Directive 67/548/EEC is a legislative framework regulating the usage of industrial enzymes. It is implemented under various policies and varies across countries. For instance, in the U.S., the directive amendments are covered under the Toxic Substances Control Act (TSCA of 1976), while in Canada, these amendments are included under the Canadian Environmental Protection Act (CEPA of 1998). In countries from the European Union (EU), enzymes used in different industrial processes are covered under the chemical category. The regulatory scenario related to the use of enzymes in developed regions has been stringent for the past few years. Thus changing regulations across regions are expected to hamper the market’s growth.
What Does This Report Include?
This section will provide insights into the contents included in this enzymes market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.
Enzymes market qualitative analysis
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Industry overview
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Industry trends
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Market drivers and restraints
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Market size
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Growth prospects
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Porter’s analysis
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PESTEL analysis
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Key market opportunities prioritized
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Competitive landscape
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Company overview
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Financial performance
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Product benchmarking
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Latest strategic developments
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Enzymes market quantitative analysis
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Market size, estimates, and forecast from 2018 to 2030
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Market estimates and forecast for product segments up to 2030
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Regional market size and forecast for product segments up to 2030
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Market estimates and forecast for application segments up to 2030
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Regional market size and forecast for application segments up to 2030
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Company financial performance
Research Methodology
A three-pronged approach was followed for deducing the enzymes market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:
Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for enzymes market to gather the most reliable and current information possible.
- We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
- We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
- We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
- We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
- We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.
Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of enzymes market data depending on the type of information we’re trying to uncover in our research.
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Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.
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Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.
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Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.
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Qualitative Functional Deployment (QFD) Modelling for market share assessment.
Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.
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Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.
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Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.
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This step also entails the finalization of the report scope and data representation pattern.
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Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.
Enzymes Market Categorization:
The enzymes market was categorized into four segments, namely type (Industrial Enzymes, Specialty Enzymes), product (Carbohydrases, Proteases, Lipases, Polymerases & Nucleases), source (Plants, Animals, Microorganisms), and regions (North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa).
Segment Market Methodology:
The enzymes market was segmented into type, product, source, and region. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:
Market research approaches: Bottom-up
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Demand estimation of each product across countries/regions summed up to from the total market.
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Variable analysis for demand forecast.
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Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.
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Primary interviews for data revalidation and insight collection.
Market research approaches: Top-down
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Used extensively for new product forecasting or analyzing penetration levels.
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Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.
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Primary interviews and vendor-based primary research for variable impact analysis.
Market research approaches: Combined
- This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.
Regional Market Methodology:
The enzymes market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into eighteen countries, namely, the U.S., Canada, Mexico, Germany, the UK, Italy, Spain, France, China, India, Japan, South Korea, Indonesia, Australia, Brazil, Argentina, Turkey, Saudi Arabia.
All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.
Enzymes market companies & financials:
The enzymes market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:
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BASF SE: BASF SE is a chemical manufacturer operating through its subsidiaries and joint ventures in over 80 countries with more than 353 production sites in the world. The company operates through five business segments, namely performance products, chemicals, agricultural solutions, functional materials & solutions, and oil & gas. It’s chemical product portfolio includes intermediates, monomers, petrochemicals, and catalysts. The company specializes in manufacturing ingredients, such as enzymes and industrial enzymes, for industrial applications, animal nutrition, grain processing, home care, oilfield solutions, industrial & institutional solutions, and pulp & paper.
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Novozymes: Novozymes was established as a result of a demerger from a pharmaceutical company named Novo Nordisk. Today it is a prominent player in bioinnovation that deals in industrial enzymes and microorganisms. The company discovers enzymes in nature and improves them for further use in several end-use industries. Its enzymes are broadly used in dishwashing & laundry detergents; food & beverage sector, especially in beer production; animal feed; and the production of biofuels. The company distributes enzymes in over 40 end-use industries.
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DuPont Danisco: Danisco It was acquired by DuPont in January 2011. Food ingredients and enzymes are combined with DuPont’s business divisions, namely, Nutrition and Health and Industrial Biotechnologies. The company markets enzymes under the brand DuPont Danisco. DuPont’s nutrition and health business division is responsible for the production and marketing of enzymes used in dietary supplements, pet foods, and food & beverages. Its product portfolio includes bakery enzymes, brewing enzymes, dairy enzymes, fish processing enzymes, and meat & culinary processing enzymes.
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DSM: DSM is a global science-based company active in nutrition, healthcare, and industrial materials. The company caters to numerous industries such as animal nutrition & health, food & beverage, energy, medical, paints & coatings, life protection, personal care, and sports & leisure. It operates through nutrition, materials, and innovation center. The company’s nutrition segment is responsible for the production and marketing of enzymes used in various applications. It manufactures enzymes primarily for food & beverages, nutraceutical, and animal feed sectors.
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NOVUS INTERNATIONAL: NOVUS INTERNATIONAL offers nutrition solutions for aquaculture, poultry, swine, beef, and dairy sectors. The company’s product portfolio consists of carotenoids solutions, enzyme solutions, mineral solutions, eubiotics, feed quality, and methionine solutions. Enzyme solutions are offered under the brand Cibenza and include a broad range of products, namely Cibenza EP150, Cibenza DE200, Cibenza DP100, Cibenza IND900, and Cibenza Phytaverse, which are used as feed additive enzymes in various end-use industries.
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Associated British Foods plc: Associated British Foods plc is a diversified international retail, food, and ingredients group. The company operates through five business segments, namely, sugar, grocery, ingredients, agriculture, and retail. AB Enzymes is an industrial biotech firm affiliated to ABF Ingredients, which is a subsidiary of Associated British Foods plc and is specialized in the manufacturing and distribution of enzymes for several industrial applications. The company manufactures enzymes for end-use industries including food & beverages, paper & pulp, animal feed, textiles, and detergents.
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Chr. Hansen Holding A/S: Chr. Hansen Holding A/S is a bioscience company headquartered in Denmark, providing natural ingredients and solutions to industrial, agricultural, food, and pharmaceutical industries. The company is a prominent manufacturer of enzymes, natural colors, and probiotics for a variety of applications such as confectionery, dietary supplements, plant protection, foods, beverages, and animal feed. It operates through three business segments, namely, food culture & enzymes, natural colors, and health & nutrition.
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Advanced Enzyme Technologies: Advanced Enzyme Technologies is a manufacturer of enzymes and probiotics, which are catered to several applications including food processing, non-food processing, animal nutrition, and human nutrition. The company is a founder of papain enzymes extracted from papaya fruit. Papain is broadly used in a variety of medical and pharmaceutical products. The company is engaged in the manufacturing, R&D, and distribution of more than 400 products by using over 65 probiotics and enzymes in more than 45 countries globally.
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Lesaffre: Lesaffre was established in 1853 in Northern France. In 2001, the company acquired Red Star Yeast Company. The company is a prominent manufacturer and supplier of innovative solutions for food taste & pleasure, baking, biotechnology, and healthcare. The company manufactures enzymes for several industrial purposes such as baking, milling, animal nutrition, and food processing. It operates in more than185 countries and has over 50 production facilities.
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Adisseo: Adisseo was founded in 1939 and is headquartered in Commentry, France. The company is one of the world’s leaders in feed additives. It is a prominent producer of nutritional solutions and additives for animal feed industry. The company provides enzymes and probiotics for the production of animal feed. It has 3 business units, 18 production facilities, and 10 research centers across the globe.
Value chain-based sizing & forecasting
Supply Side Estimates
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Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.
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Segment revenue determination via variable analysis and penetration modeling.
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Competitive benchmarking to identify market leaders and their collective revenue shares.
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Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.
Demand side estimates
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Identifying parent markets and ancillary markets
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Segment penetration analysis to obtain pertinent
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revenue/volume
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Heuristic forecasting with the help of subject matter experts
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Forecasting via variable analysis
Enzymes Market Report Objectives:
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Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.
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Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.
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Understanding market estimates and forecasts (with the base year as 2023, historic information from 2018 to 2023, and forecast from 2024 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.
Enzymes Market Report Assumptions:
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The report provides market value for the base year 2023 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.
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The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.
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We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.
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All market estimates and forecasts have been validated through primary interviews with the key industry participants.
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Inflation has not been accounted for to estimate and forecast the market.
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Numbers may not add up due to rounding off.
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Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).
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Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).
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Latin America includes Central American countries and the South American continent
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Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.
Primary Research
GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.
We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:
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Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.
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Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.
The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.
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