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, 2023 - 2030

Report Overview

The global enzymes market size was valued at USD 12.27 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.5% from 2023 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 plants or microorganisms. 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 bakery and brewing 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 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 overall feed industry. Animal feed helps in improving the overall 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.

Type Insights

The industrial type dominated the market with a revenue share of over 56.7% in 2022. This is attributed to rising demand in various end-use industries such as food & beverage, detergent, animal feed, textile, paper & pulp, and wastewater among others. the growing use of detergents in industrial and household 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 47.5% in 2021. 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 from various end use applications such as 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 85.6% in 2021. 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 stomach and pancreas 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 account of their ability to lower acid indigestion, heartburn, acid reflux, and various other digestive disorders.

Regional Insights

The North America regional segment dominated the market with a revenue share of over 37.6% in 2022. This is attributed to the presence of various end-use manufacturers in the food & beverage, laundry detergent, personal care & cosmetics industries, and pharmaceuticals 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 nuclease and polymerase enzymes in biotechnology applications is further projected to propel the industry growth.

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 rising demand for high-end 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 prominent players in the global enzymes market include:

• BASF SE

• Novozymes

• DuPont Danisco

• DSM

• Novus International

• Adisseo

• Associated British Foods Plc

• Chr. Hansen Holding A/S

• Advanced Enzyme Technologies

• Lesaffre

• Enzyme Development Corporation

Enzymes Market Report Scope

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 this study, Grand View Research has segmented the global enzymes market report on the basis of type, product, source, and region:

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

  • Industrial Enzymes

    • Food & Beverages

    • Detergents

    • Animal Feed

    • Biofuels

    • Textiles

    • Pulp & Paper

    • Nutraceutical

    • Personal Care & Cosmetics

    • Wastewater

    • Others

  • Specialty Enzymes

    • Pharmaceutical

    • Research & Biotechnology

    • Diagnostics

    • Biocatalyst

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

  • Carbohydrases

  • Proteases

  • Lipases

  • Polymerases & Nucleases

  • Others

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

  • Plants

  • Animals

  • Microorganisms

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

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

    • Spain

    • Italy

  • Asia Pacific

    • China

    • Japan

    • India

    • South Korea

    • Indonesia

    • Australia

  • Central & South America

    • Brazil

    • Argentina

  • Middle East & Africa

    • Saudi Arabia

    • Turkey