The market for enzymes is expected to grow rapidly, with a predicted worth of $19,249.4 million by 2031 and a consistent CAGR of 6.3% from 2021 to 2031. The need to replace organic catalysts with compounds with few adverse effects, the growing applications for enzymes, the rising demand for food and energy, and improvements in protein engineering technology are the main factors driving the market’s growth.
Enzymes operate as biocatalysts, accelerating chemical reactions, and are essential to many industries, including pharmaceuticals, food and beverage, textiles, and biofuels. The growing use of enzymes is a result of the desire to find ecologically appropriate substitutes for conventional organic catalysts. Enzymes are a popular option for enterprises looking for environmentally safe and sustainable solutions because of their many benefits, which include high efficiency, specificity, and few negative effects.
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The market has grown tremendously as a result of the rising uses for enzymes across many sectors. In the food and beverage business, enzymes are used extensively in activities including baking, brewing, and dairy production. Additionally, they are employed in the creation of textiles, detergents, and biofuels. The requirement for enzymes grows as the demand for these products rises, fueling the market’s expansion.
Another important element driving the growth of the enzymes market is the rising demand for food and energy on a global scale. The food sector needs effective processing and production techniques due to a growing population and shifting dietary habits. Enzymes help address the growing customer demand for wholesome food items by improving food processing, preservation, and flavouring. Enzymes are also essential for producing biofuels, which supports the expansion of the renewable energy industry.
Moreover, the market for enzymes has undergone a revolution because to advances in protein engineering technology. Enzyme efficiency, stability, and specificity can all be improved through protein engineering through modification and optimisation. These developments have expanded the potential uses for enzymes, spurring new product development and commercial expansion.
The desire for environmentally friendly catalysts, growing application areas, rising food and energy demands, and improvements in protein engineering technologies are likely to generate considerable growth in the worldwide enzymes market. By 2031, this industry is expected to be worth more than $19,000 million, and companies who operate in it can take advantage of the rising need for enzymes to develop significantly.
Highlighted with 83 tables and 89 figures, this 172-page report “Global Enzymes Market 2021-2031 by Product Type (Protease, Carbohydrase, Lipase, Polymerase & Nuclease, Phytase), Source (Microorganisms, Plants, Animals), Reaction Type (Hydrolases, Oxidoreductases, Transferases, Lyases), Application (Industrial Enzymes, Specialty Enzymes), and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global enzymes market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2018-2021 and provides forecast from 2022 till 2031 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
- Market Structure
- Growth Drivers
- Restraints and Challenges
- Emerging Product Trends & Market Opportunities
- Porter’s Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and the Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global enzymes market in every aspect of the classification from perspectives of Product Type, Source, Reaction Type, Application, and Region.
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Based on Product Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Protease
- Carbohydrase
- Lipase
- Polymerase & Nuclease
- Phytase
- Other Product Types
Based on Source, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Microorganisms
- Plants
- Animals
By Reaction Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Hydrolases
- Oxidoreductases
- Transferases
- Lyases
- Other Reaction Types
By Application, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Industrial Enzymes
o Food & Beverages
o Household Care
o Bioenergy
o Animal Feed
o Textile & Leather Industry
o Paper & Pulp
o Environmental Management
o Other Industry Verticals
- Specialty Enzymes
o Pharmaceuticals
o Research & Biotechnology
o Diagnostics
o Biocatalysts
o Other Specialty Enzymes
Geographically, the following regions together with the listed national/local markets are fully investigated:
- North America (U.S., Canada, and Mexico)
- Europe (Germany, UK, France, Spain, Italy, Netherlands, Rest of Europe; Rest of Europe is further segmented into Russia, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
- APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (UAE, Saudi Arabia, South Africa, Other Nations)
For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of all regional markets by country and split of key national markets by Product Type, Source, and Application over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
- AB Enzymes GmbH
- Adisseo France SAS
- Advanced Enzyme Technologies Ltd.
- Amano Enzyme, Inc.
- Aum Enzymes
- BASF SE
- Hansen Holding A/S
- Codexis, Inc.
- DuPont de Nemours, Inc.
- Hoffmann-La Roche Ltd.
- Kerry Group Plc
- Koninklijke DSM N.V.
- Novozymes A/S
- Novus International, Inc.
- Thermo Fisher Scientific Inc.
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