Enzymes Market Report and Forecast 2023-2028

According to the report the global enzymes market reached a value of USD 10.2 billion in 2022. Aided by the burgeoning demand for sustainable and eco-friendly solutions in various sectors, combined with the versatile applications of enzymes, the market is projected to further grow at a CAGR of 6.70% between 2023 and 2028 to reach a value of USD 15.05 billion by 2028.

Enzymes, nature’s very own catalysts, accelerate the rate of biochemical reactions while remaining chemically unchanged at the end of the process. Predominantly proteins, these biocatalysts find applications spanning across multiple industries - from food and beverages to detergents and pharmaceuticals. Their ability to operate under milder conditions, coupled with their specificity and efficiency, has garnered significant interest from industries aiming for green and sustainable solutions.

One of the prominent drivers steering the enzyme market growth is the food and beverage industry. Enzymes such as amylases, proteases, and lipases have revolutionised processes like brewing, baking, and dairy production. Their addition enhances flavour, texture, and shelf life, making food products more palatable and long-lasting. The rising global population and the concomitant demand for improved food quality have thus amplified the consumption of enzyme-incorporated products.

Health and wellness trends have also played a pivotal role in boosting the enzyme market demand. Digestive and nutritional enzymes have gained immense popularity in dietary supplements, catering to a health-conscious consumer base that values enhanced digestion and nutrient absorption. Proteases, lipases, and lactases are especially sought after, addressing issues like lactose intolerance and fat digestion.

Industries seeking sustainable solutions have turned to enzymes for answers. In the textile industry, enzymes provide an eco-friendly alternative to traditional chemical processes, assisting in fabric making, biopolishing, and stone washing of denims. Similarly, the paper and pulp industry use enzymes to break down starches and modify fibres, ensuring a cleaner and more efficient paper production process, thus adding value to the enzyme market size.

Moreover, the push towards green and sustainable solutions is evident in the detergent sector. The inclusion of enzymes in laundry detergents amplifies cleaning power, allowing clothes to be cleaned effectively at lower temperatures. This not only conserves energy but also ensures longevity for garments.

In the biofuel industry, enzymes have made significant strides. As the world gravitates towards renewable energy sources, enzymes are pivotal in converting biomass into biofuels, presenting a cleaner and more sustainable fuel alternative to fossil fuels.

The pharmaceutical industry, being one of the major contributors to the enzyme market growth, harnesses enzymes for drug synthesis and as crucial ingredients in specific medications. For instance, lactase supplements aid those with lactose intolerance, while proteolytic enzymes play therapeutic roles in conditions like inflammation and thrombosis.

Market Segmentation

The market can be divided based on type, industry type, application, and region.

Market Breakup by Type

• Protease
• Amylase
• Lipase
• Cellulase

Market Breakup by Industry Type

• Industrial
• Special

Market Breakup by Application

• Cleaning Product
• Food and Beverage
• Biofuel Production
• Animal Feed
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global enzymes market. Some of the major players explored in the report are as follows:

• Koninklijke DSM N.V.
• Amano Enzyme Inc.
• Advanced Enzyme Technologies
• AB Enzymes GmbH
• Novozymes A/S
• MetGen Oy. Cooperation
• Aum Enzymes
• F. Hoffmann-La Roche Ltd
• BASF SE
• ABF Ingredients Limited
• Codexis, Inc.
• Creative Enzymes
• Chr. Hansen Holding A/S
• Enzyme Solutions, Inc.
• International Flavors & Fragrances Inc.
• Others

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*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.